NFLX vs. SHOP
NFLX (Netflix, Inc.) and SHOP (Shopify Inc.) are both stocks. NFLX operates in Entertainment (Communication Services), while SHOP operates in Software - Application (Technology). Over the past 10 years, NFLX returned 23.40%/yr vs 43.94%/yr for SHOP. At a 0.43 correlation, their price movements are largely independent.
Performance
NFLX vs. SHOP - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, NFLX achieves a -13.05% return, which is significantly higher than SHOP's -29.84% return. Over the past 10 years, NFLX has underperformed SHOP with an annualized return of 23.40%, while SHOP has yielded a comparatively higher 43.94% annualized return.
NFLX
- 1D
- -2.17%
- 1M
- -10.44%
- YTD
- -13.05%
- 6M
- -21.59%
- 1Y
- -33.07%
- 3Y*
- 26.74%
- 5Y*
- 10.50%
- 10Y*
- 23.40%
SHOP
- 1D
- -3.48%
- 1M
- -11.45%
- YTD
- -29.84%
- 6M
- -29.41%
- 1Y
- 7.45%
- 3Y*
- 24.67%
- 5Y*
- -1.30%
- 10Y*
- 43.94%
NFLX vs. SHOP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NFLX Netflix, Inc. | -13.05% | 5.19% | 83.07% | 65.11% | -51.05% | 11.41% | 67.11% | 20.89% | 39.44% | 55.06% |
SHOP Shopify Inc. | -29.84% | 51.39% | 36.50% | 124.43% | -74.80% | 21.68% | 184.71% | 187.17% | 37.08% | 135.60% |
Correlation
The correlation between NFLX and SHOP is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.37 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.48 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since May 22, 2015 | 0.43 |
Over the past year, the correlation between NFLX and SHOP has dropped to 0.19 - well below their long-term average of 0.43, suggesting their price drivers have been diverging.
Fundamentals
NFLX:
$350.41B
SHOP:
$147.20B
NFLX:
$3.09
SHOP:
$1.02
NFLX:
26.37
SHOP:
110.87
NFLX:
1.04
SHOP:
0.21
NFLX:
7.52
SHOP:
16.06
NFLX:
11.26
SHOP:
11.78
NFLX:
$46.89B
SHOP:
$9.20B
NFLX:
$22.99B
SHOP:
$5.93B
NFLX:
$26.91B
SHOP:
$1.60B
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
NFLX vs. SHOP — Risk / Return Rank
NFLX
SHOP
NFLX vs. SHOP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Netflix, Inc. (NFLX) 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.
| NFLX | SHOP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.13 | ||
| Sortino ratioReturn per unit of downside risk | -2.01 | ||
| Omega ratioGain probability vs. loss probability | 0.82 | 1.07 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | -0.77 | 0.16 | -0.93 |
| Martin ratioReturn relative to average drawdown | -1.36 | 0.35 | -1.71 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| NFLX | SHOP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.00 | 0.13 | -1.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.24 | -0.02 | +0.26 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.57 | 0.75 | -0.18 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.57 | 0.69 | -0.12 |
Drawdowns
NFLX vs. SHOP - Drawdown Comparison
The maximum NFLX drawdown since its inception was -81.99%, roughly equal to the maximum SHOP drawdown of -84.82%. Use the drawdown chart below to compare losses from any high point for NFLX and SHOP.
Loading charts...
Drawdown Indicators
| NFLX | SHOP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.99% | -84.82% | +2.83% |
Max Drawdown (1Y)Largest decline over 1 year | -43.35% | -46.71% | +3.36% |
Max Drawdown (3Y)Largest decline over 3 years | -43.35% | -46.71% | +3.36% |
Max Drawdown (5Y)Largest decline over 5 years | -75.95% | -84.82% | +8.87% |
Max Drawdown (10Y)Largest decline over 10 years | -75.95% | -84.82% | +8.87% |
Current DrawdownCurrent decline from peak | -39.12% | -36.91% | -2.21% |
Average DrawdownAverage peak-to-trough decline | -24.89% | -28.21% | +3.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 24.34% | 21.36% | +2.98% |
Volatility
NFLX vs. SHOP - Volatility Comparison
The current volatility for Netflix, Inc. (NFLX) is 7.24%, while Shopify Inc. (SHOP) has a volatility of 24.71%. This indicates that NFLX 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.
Loading charts...
Volatility by Period
| NFLX | SHOP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.24% | 24.71% | -17.47% |
Volatility (6M)Calculated over the trailing 6-month period | 25.66% | 43.60% | -17.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.14% | 57.17% | -24.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 43.11% | 65.51% | -22.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 41.52% | 59.05% | -17.53% |
Dividends
NFLX vs. SHOP - Dividend Comparison
Neither NFLX nor SHOP has paid dividends to shareholders.
Financials
NFLX vs. SHOP - Financials Comparison
This section allows you to compare key financial metrics between Netflix, 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
NFLX and SHOP have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SHOP has higher volatility (24.71%) compared to NFLX (7.24%). In terms of maximum drawdown, NFLX dropped -81.99% vs SHOP's -84.82%.
SHOP currently has the higher Sharpe Ratio (0.13 vs -1.00), 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.
Find the right allocation for NFLX and SHOP
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer