ISRG vs. SHOP
ISRG (Intuitive Surgical, Inc.) and SHOP (Shopify Inc.) are both stocks. ISRG operates in Medical Instruments & Supplies (Healthcare), while SHOP operates in Software - Application (Technology). Over the past 10 years, ISRG returned 19.09%/yr vs 43.59%/yr for SHOP. At a 0.45 correlation, their price movements are largely independent.
Performance
ISRG vs. SHOP - Performance Comparison
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Returns By Period
In the year-to-date period, ISRG achieves a -27.42% return, which is significantly higher than SHOP's -32.76% return. Over the past 10 years, ISRG has underperformed SHOP with an annualized return of 19.09%, while SHOP has yielded a comparatively higher 43.59% annualized return.
ISRG
- 1D
- -0.45%
- 1M
- -2.39%
- YTD
- -27.42%
- 6M
- -24.20%
- 1Y
- -19.74%
- 3Y*
- 9.23%
- 5Y*
- 7.37%
- 10Y*
- 19.09%
SHOP
- 1D
- -2.02%
- 1M
- 7.94%
- YTD
- -32.76%
- 6M
- -34.08%
- 1Y
- 2.75%
- 3Y*
- 19.24%
- 5Y*
- -2.79%
- 10Y*
- 43.59%
ISRG vs. SHOP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ISRG Intuitive Surgical, Inc. | -27.42% | 8.51% | 54.72% | 27.14% | -26.15% | 31.76% | 38.39% | 23.43% | 31.23% | 72.64% |
SHOP Shopify Inc. | -32.76% | 51.39% | 36.50% | 124.43% | -74.80% | 21.68% | 184.71% | 187.17% | 37.08% | 135.60% |
Correlation
The correlation between ISRG and SHOP is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.48 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.52 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since May 21, 2015 | 0.45 |
The correlation between ISRG and SHOP has been stable across timeframes, ranging from 0.44 to 0.52 - a consistent structural relationship.
Fundamentals
ISRG:
$147.90B
SHOP:
$141.08B
ISRG:
$8.24
SHOP:
$1.02
ISRG:
49.88
SHOP:
106.25
ISRG:
3.05
SHOP:
0.20
ISRG:
14.04
SHOP:
15.39
ISRG:
8.40
SHOP:
11.29
ISRG:
$10.58B
SHOP:
$9.20B
ISRG:
$7.02B
SHOP:
$5.93B
ISRG:
$3.76B
SHOP:
$1.60B
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Return for Risk
ISRG vs. SHOP — Risk / Return Rank
ISRG
SHOP
ISRG vs. SHOP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Intuitive Surgical, Inc. (ISRG) 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.
| ISRG | SHOP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.64 | ||
| Sortino ratioReturn per unit of downside risk | -1.25 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 1.05 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | -0.62 | -0.02 | -0.60 |
| Martin ratioReturn relative to average drawdown | -1.24 | -0.04 | -1.20 |
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Drawdowns
ISRG vs. SHOP - Drawdown Comparison
The maximum ISRG drawdown since its inception was -82.26%, roughly equal to the maximum SHOP drawdown of -84.82%. Use the drawdown chart below to compare losses from any high point for ISRG and SHOP.
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Drawdown Indicators
| ISRG | SHOP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.26% | -84.82% | +2.56% |
Max Drawdown (1Y)Largest decline over 1 year | -32.14% | -46.71% | +14.57% |
Max Drawdown (3Y)Largest decline over 3 years | -34.10% | -46.71% | +12.61% |
Max Drawdown (5Y)Largest decline over 5 years | -49.90% | -84.82% | +34.92% |
Max Drawdown (10Y)Largest decline over 10 years | -49.90% | -84.82% | +34.92% |
Current DrawdownCurrent decline from peak | -32.66% | -39.53% | +6.87% |
Average DrawdownAverage peak-to-trough decline | -21.28% | -28.23% | +6.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.00% | 22.27% | -6.27% |
Volatility
ISRG vs. SHOP - Volatility Comparison
The current volatility for Intuitive Surgical, Inc. (ISRG) is 9.70%, while Shopify Inc. (SHOP) has a volatility of 15.38%. This indicates that ISRG experiences smaller price fluctuations and is considered to be less risky than SHOP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ISRG | SHOP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.70% | 15.38% | -5.68% |
Volatility (6M)Calculated over the trailing 6-month period | 20.72% | 43.41% | -22.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.69% | 57.03% | -26.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.19% | 65.55% | -32.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.40% | 59.07% | -26.67% |
Dividends
ISRG vs. SHOP - Dividend Comparison
Neither ISRG nor SHOP has paid dividends to shareholders.
Financials
ISRG vs. SHOP - Financials Comparison
This section allows you to compare key financial metrics between Intuitive Surgical, 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
ISRG and SHOP have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SHOP has higher volatility (15.38%) compared to ISRG (9.70%). In terms of maximum drawdown, ISRG dropped -82.26% vs SHOP's -84.82%.
SHOP currently has the higher Sharpe Ratio (-0.02 vs -0.65), 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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