LSPD.TO vs. SHOP

Last updated Jun 4, 2026

LSPD.TO (Lightspeed Commerce Inc.) and SHOP (Shopify Inc.) are both stocks. Both operate in the Software - Application industry within the Technology sector. Over the past 5 years, LSPD.TO returned -31.68%/yr vs 1.52%/yr for SHOP. A 0.52 correlation means they provide meaningful diversification when combined.

Performance

LSPD.TO vs. SHOP - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Lightspeed Commerce Inc. (LSPD.TO) and Shopify Inc. (SHOP). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

LSPD.TO is traded in CAD, while SHOP is traded in USD. To make them comparable, the SHOP values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, LSPD.TO achieves a -22.04% return, which is significantly higher than SHOP's -28.94% return.

LSPD.TO

• 1D: -3.51%
• 1M: -0.69%
• YTD: -22.04%
• 6M: -18.45%
• 1Y: -14.67%
• 3Y*: -13.76%
• 5Y*: -31.68%
• 10Y*: —

SHOP

• 1D: -3.08%
• 1M: -9.69%
• YTD: -28.94%
• 6M: -29.69%
• 1Y: 8.84%
• 3Y*: 26.12%
• 5Y*: 1.52%
• 10Y*: 44.98%

*Multi-year figures are annualized to reflect compound growth (CAGR)

LSPD.TO vs. SHOP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
LSPD.TO Lightspeed Commerce Inc.	-22.04%	-24.45%	-21.21%	43.77%	-62.12%	-43.14%	149.07%	90.85%
SHOP Shopify Inc.	-28.94%	44.44%	48.22%	119.49%	-73.00%	20.58%	179.90%	102.64%

Correlation

The correlation between LSPD.TO and SHOP is 0.57, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.57
Correlation (3Y) Calculated over the trailing 3-year period	0.56
Correlation (5Y) Calculated over the trailing 5-year period	0.60
Correlation (All Time) Calculated using the full available price history since Mar 11, 2019	0.52

The correlation between LSPD.TO and SHOP has been stable across timeframes, ranging from 0.52 to 0.60 - a consistent structural relationship.

Fundamentals

Market Cap LSPD.TO : CA$1.80B SHOP : $147.20B
EPS LSPD.TO : -CA$1.02 SHOP : $1.02
PS Ratio LSPD.TO : 1.49 SHOP : 16.06
PB Ratio LSPD.TO : 1.21 SHOP : 11.78
Total Revenue (TTM) LSPD.TO : CA$1.23B SHOP : $9.20B
Gross Profit (TTM) LSPD.TO : CA$451.31M SHOP : $5.93B
EBITDA (TTM) LSPD.TO : CA$15.44M SHOP : $1.60B

Return for Risk

LSPD.TO vs. SHOP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

LSPD.TO

LSPD.TO Risk / Return Rank: 26
LSPD.TO Sharpe Ratio Rank: 26
LSPD.TO Sortino Ratio Rank: 24
LSPD.TO Omega Ratio Rank: 25
LSPD.TO Calmar Ratio Rank: 28
LSPD.TO Martin Ratio Rank: 28

SHOP

SHOP Risk / Return Rank: 44
SHOP Sharpe Ratio Rank: 45
SHOP Sortino Ratio Rank: 44
SHOP Omega Ratio Rank: 43
SHOP Calmar Ratio Rank: 44
SHOP Martin Ratio Rank: 44

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

LSPD.TO vs. SHOP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Lightspeed Commerce Inc. (LSPD.TO) 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.

	LSPD.TO	SHOP	Difference
Sharpe ratio: Return per unit of total volatility	-0.35	0.16	-0.51
Sortino ratio: Return per unit of downside risk	-0.25	0.63	-0.88
Omega ratio: Gain probability vs. loss probability	0.97	1.08	-0.11
Calmar ratio: Return relative to maximum drawdown	-0.38	0.19	-0.56
Martin ratio: Return relative to average drawdown	-0.67	0.40	-1.08
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LSPD.TO vs. SHOP - Sharpe Ratio Comparison

The current LSPD.TO Sharpe Ratio is -0.35, which is lower than the SHOP Sharpe Ratio of 0.16. The chart below compares the historical Sharpe Ratios of LSPD.TO and SHOP, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	LSPD.TO	SHOP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.35	0.16	-0.51
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.54	0.02	-0.56
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.78	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.08	0.73	-0.81

Drawdowns

LSPD.TO vs. SHOP - Drawdown Comparison

The maximum LSPD.TO drawdown since its inception was -92.97%, which is greater than SHOP's maximum drawdown of -83.42%. Use the drawdown chart below to compare losses from any high point for LSPD.TO and SHOP.

Drawdown Indicators

	LSPD.TO	SHOP	Difference
Max Drawdown Largest peak-to-trough decline	-92.97%	-83.42%	-9.55%
Max Drawdown (1Y) Largest decline over 1 year	-39.25%	-47.61%	+8.36%
Max Drawdown (3Y) Largest decline over 3 years	-59.90%	-47.61%	-12.29%
Max Drawdown (5Y) Largest decline over 5 years	-92.97%	-83.42%	-9.55%
Max Drawdown (10Y) Largest decline over 10 years	—	-83.42%	—
Current Drawdown Current decline from peak	-91.88%	-37.12%	-54.76%
Average Drawdown Average peak-to-trough decline	-60.87%	-27.14%	-33.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	21.86%	21.96%	-0.10%

Volatility

LSPD.TO vs. SHOP - Volatility Comparison

The current volatility for Lightspeed Commerce Inc. (LSPD.TO) is 14.91%, while Shopify Inc. (SHOP) has a volatility of 24.70%. This indicates that LSPD.TO 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.

Volatility by Period

	LSPD.TO	SHOP	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.91%	24.70%	-9.79%
Volatility (6M) Calculated over the trailing 6-month period	28.25%	43.17%	-14.92%
Volatility (1Y) Calculated over the trailing 1-year period	42.02%	56.63%	-14.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	59.38%	64.19%	-4.81%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	67.63%	57.99%	+9.64%

Dividends

LSPD.TO vs. SHOP - Dividend Comparison

Neither LSPD.TO nor SHOP has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both LSPD.TO and SHOP in my portfolio?

LSPD.TO and SHOP have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.