ML vs. SHOP

Last updated Jun 9, 2026

ML (MoneyLion Inc.) and SHOP (Shopify Inc.) are both stocks. Both operate in the Software - Application industry within the Technology sector. At a 0.31 correlation, their price movements are largely independent.

Performance

ML vs. SHOP - Performance Comparison

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

Returns By Period

ML

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SHOP

• 1D: 1.13%
• 1M: 0.34%
• YTD: -31.18%
• 6M: -30.07%
• 1Y: -0.57%
• 3Y*: 21.77%
• 5Y*: -1.84%
• 10Y*: 44.31%

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

ML vs. SHOP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
ML MoneyLion Inc.	0.00%	-0.13%	37.20%	237.04%	-84.62%	-64.34%	15.31%
SHOP Shopify Inc.	-31.18%	51.39%	36.50%	124.43%	-74.80%	21.68%	14.58%

Correlation

The correlation between ML and SHOP is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (3Y) Calculated over the trailing 3-year period	0.21
Correlation (5Y) Calculated over the trailing 5-year period	0.32
Correlation (All Time) Calculated using the full available price history since Aug 17, 2020	0.31

The correlation between ML and SHOP shifts across timeframes, from 0.21 (3 years) to 0.32 (5 years), reflecting how their relationship changes across market environments.

Fundamentals

Total Revenue (TTM) ML : $545.91M SHOP : $9.20B
Gross Profit (TTM) ML : $409.26M SHOP : $5.93B
EBITDA (TTM) ML : $56.96M SHOP : $1.60B

Return for Risk

ML vs. SHOP — Risk / Return Rank

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

SHOP

SHOP Risk / Return Rank: 41
SHOP Sharpe Ratio Rank: 42
SHOP Sortino Ratio Rank: 40
SHOP Omega Ratio Rank: 40
SHOP Calmar Ratio Rank: 42
SHOP Martin Ratio Rank: 41

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.

ML vs. SHOP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MoneyLion Inc. (ML) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	ML	SHOP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-0.01	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.03	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.75	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.69	—

Drawdowns

Drawdown Indicators

	ML	SHOP	Difference
Max Drawdown Largest peak-to-trough decline	—	-84.82%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-46.71%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-46.71%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-84.82%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-84.82%	—
Current Drawdown Current decline from peak	—	-38.12%	—
Average Drawdown Average peak-to-trough decline	—	-28.22%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	21.74%	—

Volatility

Volatility by Period

	ML	SHOP	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	17.86%	—
Volatility (6M) Calculated over the trailing 6-month period	—	43.67%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	57.27%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	65.57%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	59.09%	—

Dividends

ML vs. SHOP - Dividend Comparison

Neither ML nor SHOP has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both ML and SHOP in my portfolio?

ML and SHOP have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.