MANH vs. SHOP
MANH (Manhattan Associates, Inc.) and SHOP (Shopify Inc.) are both stocks. Both operate in the Software - Application industry within the Technology sector. Over the past 10 years, MANH returned 12.74%/yr vs 42.67%/yr for SHOP. Their 0.44 correlation means their historical movements had little consistent relationship.
Performance
MANH vs. SHOP - Performance Comparison
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Returns By Period
In the year-to-date period, MANH achieves a 10.41% return, which is significantly higher than SHOP's -27.22% return. Over the past 10 years, MANH has underperformed SHOP with an annualized return of 12.74%, while SHOP has yielded a comparatively higher 42.67% annualized return.
MANH
- 1D
- 0.20%
- 1M
- 30.70%
- 6M
- 26.72%
- YTD
- 10.41%
- 1Y
- -12.88%
- 3Y*
- -0.04%
- 5Y*
- 3.69%
- 10Y*
- 12.74%
- ALL TIME*
- 12.71%
SHOP
- 1D
- -4.29%
- 1M
- -3.68%
- 6M
- -10.73%
- YTD
- -27.22%
- 1Y
- -4.14%
- 3Y*
- 20.20%
- 5Y*
- -4.82%
- 10Y*
- 42.67%
- ALL TIME*
- 39.59%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $192.14M | $150.10M | $107.01M | |
SHOP Shopify Inc. | $1.12B | $980.06M | $1.18B |
MANH vs. SHOP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MANH Manhattan Associates, Inc. | 10.41% | -35.87% | 25.51% | 77.36% | -21.92% | 47.83% | 31.89% | 88.22% | -14.47% | -6.58% |
SHOP Shopify Inc. | -27.22% | 51.39% | 36.50% | 124.43% | -74.80% | 21.68% | 184.71% | 187.17% | 37.08% | 135.60% |
Correlation
The correlation between MANH and SHOP is 0.48, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.48 |
Correlation (3Y) Balances recent behavior with more history. | 0.45 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.53 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.46 |
Correlation (All Time) Calculated using the full available price history since May 21, 2015 | 0.44 |
The correlation between MANH and SHOP has been stable across timeframes, ranging from 0.44 to 0.53 - a consistent structural relationship.
Fundamentals
MANH:
$11.32B
SHOP:
$152.02B
MANH:
$3.49
SHOP:
$1.02
MANH:
54.88
SHOP:
114.96
MANH:
2.61
SHOP:
0.22
MANH:
10.24
SHOP:
16.65
MANH:
72.31
SHOP:
12.21
MANH:
$1.13B
SHOP:
$9.20B
MANH:
$301.44M
SHOP:
$5.93B
MANH:
$290.03M
SHOP:
$1.60B
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Return for Risk
MANH vs. SHOP — Risk / Return Rank
MANH
SHOP
MANH vs. SHOP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Manhattan Associates, Inc. (MANH) 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.
| MANH | SHOP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.21 | ||
| Sortino ratioReturn per unit of downside risk | -0.43 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.04 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | -0.29 | -0.09 | -0.20 |
| Martin ratioReturn relative to average drawdown | -0.47 | -0.16 | -0.31 |
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Drawdowns
MANH vs. SHOP - Drawdown Comparison
The maximum MANH drawdown since its inception was -87.04%, roughly equal to the maximum SHOP drawdown of -84.82%. Use the drawdown chart below to compare losses from any high point for MANH and SHOP.
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Drawdown Indicators
| MANH | SHOP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.04% | -84.82% | -2.22% |
Max Drawdown (1Y)Largest decline over 1 year | -45.10% | -46.71% | +1.61% |
Max Drawdown (3Y)Largest decline over 3 years | -60.98% | -46.71% | -14.27% |
Max Drawdown (5Y)Largest decline over 5 years | -60.98% | -84.82% | +23.84% |
Max Drawdown (10Y)Largest decline over 10 years | -60.98% | -84.82% | +23.84% |
Current DrawdownCurrent decline from peak | -38.23% | -34.56% | -3.67% |
Average DrawdownAverage peak-to-trough decline | -39.54% | -28.29% | -11.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 27.44% | 25.40% | +2.04% |
Volatility
MANH vs. SHOP - Volatility Comparison
Manhattan Associates, Inc. (MANH) has a higher volatility of 24.18% compared to Shopify Inc. (SHOP) at 16.38%. This indicates that MANH's price experiences larger fluctuations and is considered to be riskier 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
| MANH | SHOP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 24.18% | 16.38% | +7.80% |
Volatility (6M)Calculated over the trailing 6-month period | 40.82% | 45.57% | -4.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 46.73% | 58.84% | -12.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 39.92% | 65.90% | -25.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.28% | 59.22% | -18.94% |
Dividends
MANH vs. SHOP - Dividend Comparison
Neither MANH nor SHOP has paid dividends to shareholders.
Financials
MANH vs. SHOP - Financials Comparison
This section allows you to compare key financial metrics between Manhattan Associates, 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
MANH and SHOP have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MANH has higher volatility (24.18%) compared to SHOP (16.38%). In terms of maximum drawdown, MANH dropped -87.04% vs SHOP's -84.82%.
SHOP currently has the higher Sharpe Ratio (-0.07 vs -0.28), 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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