QS vs. SHOP
QS (QuantumScape Corporation) and SHOP (Shopify Inc.) are both stocks. QS operates in Auto Parts (Consumer Cyclical), while SHOP operates in Software - Application (Technology). Over the past 5 years, QS returned -21.06%/yr vs -1.30%/yr for SHOP. At a 0.45 correlation, their price movements are largely independent.
Performance
QS vs. SHOP - Performance Comparison
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Returns By Period
In the year-to-date period, QS achieves a -15.93% return, which is significantly higher than SHOP's -29.84% return.
QS
- 1D
- -4.78%
- 1M
- 21.84%
- YTD
- -15.93%
- 6M
- -29.41%
- 1Y
- 114.18%
- 3Y*
- 9.57%
- 5Y*
- -21.06%
- 10Y*
- —
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%
QS vs. SHOP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
QS QuantumScape Corporation | -15.93% | 100.77% | -25.32% | 22.57% | -74.45% | -73.72% | 753.03% |
SHOP Shopify Inc. | -29.84% | 51.39% | 36.50% | 124.43% | -74.80% | 21.68% | 11.75% |
Correlation
The correlation between QS and SHOP is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.35 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Aug 18, 2020 | 0.45 |
The correlation between QS and SHOP shifts across timeframes, from 0.29 (1 year) to 0.48 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
QS:
$5.35B
SHOP:
$147.20B
QS:
-$0.72
SHOP:
$1.02
QS:
4.82
SHOP:
11.78
QS:
$0.00
SHOP:
$9.20B
QS:
-$49.03M
SHOP:
$5.93B
QS:
-$378.92M
SHOP:
$1.60B
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Return for Risk
QS vs. SHOP — Risk / Return Rank
QS
SHOP
QS vs. SHOP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for QuantumScape Corporation (QS) 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.
| QS | SHOP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.99 | ||
| Sortino ratioReturn per unit of downside risk | +1.62 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.07 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 1.70 | 0.16 | +1.54 |
| Martin ratioReturn relative to average drawdown | 2.69 | 0.35 | +2.35 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| QS | SHOP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.12 | 0.13 | +0.99 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.25 | -0.02 | -0.23 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.75 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.02 | 0.69 | -0.71 |
Drawdowns
QS vs. SHOP - Drawdown Comparison
The maximum QS drawdown since its inception was -97.36%, which is greater than SHOP's maximum drawdown of -84.82%. Use the drawdown chart below to compare losses from any high point for QS and SHOP.
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Drawdown Indicators
| QS | SHOP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.36% | -84.82% | -12.54% |
Max Drawdown (1Y)Largest decline over 1 year | -67.68% | -46.71% | -20.97% |
Max Drawdown (3Y)Largest decline over 3 years | -73.93% | -46.71% | -27.22% |
Max Drawdown (5Y)Largest decline over 5 years | -91.45% | -84.82% | -6.63% |
Max Drawdown (10Y)Largest decline over 10 years | — | -84.82% | — |
Current DrawdownCurrent decline from peak | -93.35% | -36.91% | -56.44% |
Average DrawdownAverage peak-to-trough decline | -85.54% | -28.21% | -57.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 42.53% | 21.36% | +21.17% |
Volatility
QS vs. SHOP - Volatility Comparison
The current volatility for QuantumScape Corporation (QS) is 22.76%, while Shopify Inc. (SHOP) has a volatility of 24.71%. This indicates that QS 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.
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Volatility by Period
| QS | SHOP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 22.76% | 24.71% | -1.95% |
Volatility (6M)Calculated over the trailing 6-month period | 45.95% | 43.60% | +2.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 102.34% | 57.17% | +45.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 85.62% | 65.51% | +20.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 105.90% | 59.05% | +46.85% |
Dividends
QS vs. SHOP - Dividend Comparison
Neither QS nor SHOP has paid dividends to shareholders.
Financials
QS vs. SHOP - Financials Comparison
This section allows you to compare key financial metrics between QuantumScape Corporation 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
QS and SHOP have a correlation of 0.29, 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 QS (22.76%). In terms of maximum drawdown, QS dropped -97.36% vs SHOP's -84.82%.
QS currently has the higher Sharpe Ratio (1.12 vs 0.13), 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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