HNST vs. SHOP
HNST (The Honest Company, Inc.) and SHOP (Shopify Inc.) are both stocks. HNST operates in Specialty Retail (Consumer Cyclical), while SHOP operates in Software - Application (Technology). Over the past 5 years, HNST returned -25.32%/yr vs -6.15%/yr for SHOP. At a 0.40 correlation, their price movements are largely independent.
Performance
HNST vs. SHOP - Performance Comparison
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Returns By Period
In the year-to-date period, HNST achieves a 39.53% return, which is significantly higher than SHOP's -33.11% return.
HNST
- 1D
- 3.45%
- 1M
- 5.57%
- YTD
- 39.53%
- 6M
- 33.33%
- 1Y
- -25.77%
- 3Y*
- 27.67%
- 5Y*
- -25.32%
- 10Y*
- —
SHOP
- 1D
- -0.28%
- 1M
- 4.54%
- YTD
- -33.11%
- 6M
- -36.48%
- 1Y
- -2.09%
- 3Y*
- 19.07%
- 5Y*
- -6.15%
- 10Y*
- 43.51%
HNST vs. SHOP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
HNST The Honest Company, Inc. | 39.53% | -62.77% | 110.00% | 9.63% | -62.79% | -49.44% |
SHOP Shopify Inc. | -33.11% | 51.39% | 36.50% | 124.43% | -74.80% | 22.76% |
Correlation
The correlation between HNST and SHOP is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.34 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.42 |
Correlation (All Time) Calculated using the full available price history since May 4, 2021 | 0.40 |
Fundamentals
HNST:
$406.15M
SHOP:
$140.35B
HNST:
-$0.17
SHOP:
$1.02
HNST:
1.16
SHOP:
15.31
HNST:
2.40
SHOP:
11.23
HNST:
$352.17M
SHOP:
$9.20B
HNST:
$119.36M
SHOP:
$5.93B
HNST:
-$13.22M
SHOP:
$1.60B
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Return for Risk
HNST vs. SHOP — Risk / Return Rank
HNST
SHOP
HNST vs. SHOP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for The Honest Company, Inc. (HNST) and Shopify Inc. (SHOP). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| HNST | SHOP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.36 | ||
| Sortino ratioReturn per unit of downside risk | -0.53 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.04 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | -0.44 | -0.05 | -0.39 |
| Martin ratioReturn relative to average drawdown | -0.68 | -0.09 | -0.59 |
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Drawdowns
HNST vs. SHOP - Drawdown Comparison
The maximum HNST drawdown since its inception was -95.22%, which is greater than SHOP's maximum drawdown of -84.82%. Use the drawdown chart below to compare losses from any high point for HNST and SHOP.
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Drawdown Indicators
| HNST | SHOP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.22% | -84.82% | -10.40% |
Max Drawdown (1Y)Largest decline over 1 year | -59.22% | -46.71% | -12.51% |
Max Drawdown (3Y)Largest decline over 3 years | -75.50% | -46.71% | -28.79% |
Max Drawdown (5Y)Largest decline over 5 years | -93.30% | -84.82% | -8.48% |
Max Drawdown (10Y)Largest decline over 10 years | — | -84.82% | — |
Current DrawdownCurrent decline from peak | -84.35% | -39.85% | -44.50% |
Average DrawdownAverage peak-to-trough decline | -79.78% | -28.25% | -51.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 37.82% | 23.05% | +14.77% |
Volatility
HNST vs. SHOP - Volatility Comparison
The Honest Company, Inc. (HNST) and Shopify Inc. (SHOP) have volatilities of 16.36% and 15.76%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HNST | SHOP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.36% | 15.76% | +0.60% |
Volatility (6M)Calculated over the trailing 6-month period | 40.25% | 43.54% | -3.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 64.87% | 56.98% | +7.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 72.08% | 65.55% | +6.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 75.28% | 59.05% | +16.23% |
Dividends
HNST vs. SHOP - Dividend Comparison
Neither HNST nor SHOP has paid dividends to shareholders.
Financials
HNST vs. SHOP - Financials Comparison
This section allows you to compare key financial metrics between The Honest Company, Inc. and Shopify Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
Frequently Asked Questions
HNST and SHOP have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HNST has higher volatility (16.36%) compared to SHOP (15.76%). In terms of maximum drawdown, HNST dropped -95.22% vs SHOP's -84.82%.
SHOP currently has the higher Sharpe Ratio (-0.04 vs -0.40), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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