PAYO vs. SHOP
PAYO (Payoneer Global Inc.) and SHOP (Shopify Inc.) are both stocks. Both are in the Technology sector — PAYO in Software - Infrastructure, SHOP in Software - Application. Over the past 3 years, PAYO returned 13.31%/yr vs 19.24%/yr for SHOP. At a 0.49 correlation, their price movements are largely independent.
Performance
PAYO vs. SHOP - Performance Comparison
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Returns By Period
In the year-to-date period, PAYO achieves a 20.11% return, which is significantly higher than SHOP's -32.76% return.
PAYO
- 1D
- 0.00%
- 1M
- 36.92%
- YTD
- 20.11%
- 6M
- 13.26%
- 1Y
- -2.17%
- 3Y*
- 13.31%
- 5Y*
- —
- 10Y*
- —
SHOP
- 1D
- -2.02%
- 1M
- 13.46%
- YTD
- -32.76%
- 6M
- -34.08%
- 1Y
- -0.89%
- 3Y*
- 19.24%
- 5Y*
- -2.79%
- 10Y*
- 43.59%
PAYO vs. SHOP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
PAYO Payoneer Global Inc. | 20.11% | -44.02% | 92.71% | -4.75% | -25.58% | -34.08% |
SHOP Shopify Inc. | -32.76% | 51.39% | 36.50% | 124.43% | -74.80% | -6.53% |
Correlation
The correlation between PAYO and SHOP is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since Jun 28, 2021 | 0.49 |
Fundamentals
PAYO:
$2.37B
SHOP:
$141.08B
PAYO:
$0.20
SHOP:
$1.02
PAYO:
34.40
SHOP:
106.25
PAYO:
2.33
SHOP:
15.39
PAYO:
3.59
SHOP:
11.29
PAYO:
$1.07B
SHOP:
$9.20B
PAYO:
$660.73M
SHOP:
$5.93B
PAYO:
$204.88M
SHOP:
$1.60B
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Return for Risk
PAYO vs. SHOP — Risk / Return Rank
PAYO
SHOP
PAYO vs. SHOP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Payoneer Global Inc. (PAYO) 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.
| PAYO | SHOP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.03 | ||
| Sortino ratioReturn per unit of downside risk | -0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.05 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | -0.05 | -0.02 | -0.03 |
| Martin ratioReturn relative to average drawdown | -0.09 | -0.04 | -0.05 |
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Drawdowns
PAYO vs. SHOP - Drawdown Comparison
The maximum PAYO drawdown since its inception was -69.06%, smaller than the maximum SHOP drawdown of -84.82%. Use the drawdown chart below to compare losses from any high point for PAYO and SHOP.
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Drawdown Indicators
| PAYO | SHOP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.06% | -84.82% | +15.76% |
Max Drawdown (1Y)Largest decline over 1 year | -42.45% | -46.71% | +4.26% |
Max Drawdown (3Y)Largest decline over 3 years | -61.36% | -46.71% | -14.65% |
Max Drawdown (5Y)Largest decline over 5 years | — | -84.82% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -84.82% | — |
Current DrawdownCurrent decline from peak | -39.46% | -39.53% | +0.07% |
Average DrawdownAverage peak-to-trough decline | -43.06% | -28.23% | -14.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 23.76% | 22.27% | +1.49% |
Volatility
PAYO vs. SHOP - Volatility Comparison
Payoneer Global Inc. (PAYO) has a higher volatility of 24.55% compared to Shopify Inc. (SHOP) at 15.38%. This indicates that PAYO'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
| PAYO | SHOP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 24.55% | 15.38% | +9.17% |
Volatility (6M)Calculated over the trailing 6-month period | 43.67% | 43.41% | +0.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 53.15% | 57.03% | -3.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 56.64% | 65.55% | -8.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 56.64% | 59.07% | -2.43% |
Dividends
PAYO vs. SHOP - Dividend Comparison
Neither PAYO nor SHOP has paid dividends to shareholders.
Financials
PAYO vs. SHOP - Financials Comparison
This section allows you to compare key financial metrics between Payoneer Global 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
PAYO and SHOP have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PAYO has higher volatility (24.55%) compared to SHOP (15.38%). In terms of maximum drawdown, PAYO dropped -69.06% vs SHOP's -84.82%.
SHOP currently has the higher Sharpe Ratio (-0.02 vs -0.04), 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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