QFIN vs. SHOP
QFIN (360 DigiTech, Inc.) and SHOP (Shopify Inc.) are both stocks. QFIN operates in Credit Services (Financial Services), while SHOP operates in Software - Application (Technology). Over the past 5 years, QFIN returned -12.03%/yr vs -2.79%/yr for SHOP. At a 0.31 correlation, their price movements are largely independent.
Performance
QFIN vs. SHOP - Performance Comparison
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Returns By Period
In the year-to-date period, QFIN achieves a -15.31% return, which is significantly higher than SHOP's -32.76% return.
QFIN
- 1D
- 2.67%
- 1M
- 17.56%
- YTD
- -15.31%
- 6M
- -17.62%
- 1Y
- -59.79%
- 3Y*
- 7.60%
- 5Y*
- -12.03%
- 10Y*
- —
SHOP
- 1D
- -2.02%
- 1M
- 11.11%
- YTD
- -32.76%
- 6M
- -34.08%
- 1Y
- 2.75%
- 3Y*
- 19.24%
- 5Y*
- -2.79%
- 10Y*
- 43.59%
QFIN vs. SHOP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
QFIN 360 DigiTech, Inc. | -15.31% | -47.46% | 162.76% | -16.28% | -6.54% | 97.15% | 20.68% | -36.99% | -7.75% |
SHOP Shopify Inc. | -32.76% | 51.39% | 36.50% | 124.43% | -74.80% | 21.68% | 184.71% | 187.17% | -14.04% |
Correlation
The correlation between QFIN and SHOP is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since Dec 14, 2018 | 0.31 |
The correlation between QFIN and SHOP shifts across timeframes, from 0.24 (3 years) to 0.36 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
QFIN:
$948.90M
SHOP:
$141.08B
QFIN:
CN¥51.00
SHOP:
$1.02
QFIN:
2.05
SHOP:
106.25
QFIN:
0.06
SHOP:
0.20
QFIN:
0.59
SHOP:
15.39
QFIN:
0.26
SHOP:
11.29
QFIN:
CN¥17.46B
SHOP:
$9.20B
QFIN:
CN¥12.90B
SHOP:
$5.93B
QFIN:
CN¥6.93B
SHOP:
$1.60B
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Return for Risk
QFIN vs. SHOP — Risk / Return Rank
QFIN
SHOP
QFIN vs. SHOP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for 360 DigiTech, Inc. (QFIN) 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.
| QFIN | SHOP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.08 | ||
| Sortino ratioReturn per unit of downside risk | -2.39 | ||
| Omega ratioGain probability vs. loss probability | 0.76 | 1.05 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | -0.83 | -0.02 | -0.81 |
| Martin ratioReturn relative to average drawdown | -1.13 | -0.04 | -1.09 |
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Drawdowns
QFIN vs. SHOP - Drawdown Comparison
The maximum QFIN drawdown since its inception was -76.74%, smaller than the maximum SHOP drawdown of -84.82%. Use the drawdown chart below to compare losses from any high point for QFIN and SHOP.
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Drawdown Indicators
| QFIN | SHOP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.74% | -84.82% | +8.08% |
Max Drawdown (1Y)Largest decline over 1 year | -72.31% | -46.71% | -25.60% |
Max Drawdown (3Y)Largest decline over 3 years | -73.15% | -46.71% | -26.44% |
Max Drawdown (5Y)Largest decline over 5 years | -76.74% | -84.82% | +8.08% |
Max Drawdown (10Y)Largest decline over 10 years | — | -84.82% | — |
Current DrawdownCurrent decline from peak | -64.51% | -39.53% | -24.98% |
Average DrawdownAverage peak-to-trough decline | -45.54% | -28.23% | -17.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 53.01% | 22.27% | +30.74% |
Volatility
QFIN vs. SHOP - Volatility Comparison
360 DigiTech, Inc. (QFIN) has a higher volatility of 29.45% compared to Shopify Inc. (SHOP) at 15.38%. This indicates that QFIN'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
| QFIN | SHOP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 29.45% | 15.38% | +14.07% |
Volatility (6M)Calculated over the trailing 6-month period | 38.71% | 43.41% | -4.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 55.12% | 57.03% | -1.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 66.39% | 65.55% | +0.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 72.04% | 59.07% | +12.97% |
Dividends
QFIN vs. SHOP - Dividend Comparison
QFIN's dividend yield for the trailing twelve months is around 10.00%, while SHOP has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
QFIN 360 DigiTech, Inc. | 10.00% | 7.58% | 4.56% | 7.27% | 4.03% | 1.22% |
SHOP Shopify Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
QFIN vs. SHOP - Financials Comparison
This section allows you to compare key financial metrics between 360 DigiTech, 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
QFIN and SHOP have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QFIN has higher volatility (29.45%) compared to SHOP (15.38%). In terms of maximum drawdown, QFIN dropped -76.74% vs SHOP's -84.82%.
SHOP currently has the higher Sharpe Ratio (-0.02 vs -1.09), 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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