RGLD vs. SHOP
RGLD (Royal Gold, Inc.) and SHOP (Shopify Inc.) are both stocks. RGLD operates in Gold (Basic Materials), while SHOP operates in Software - Application (Technology). Over the past 10 years, RGLD returned 10.07%/yr vs 42.67%/yr for SHOP. Their 0.13 correlation means their historical movements had little consistent relationship.
Performance
RGLD vs. SHOP - Performance Comparison
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Returns By Period
In the year-to-date period, RGLD achieves a -10.20% return, which is significantly higher than SHOP's -27.22% return. Over the past 10 years, RGLD has underperformed SHOP with an annualized return of 10.07%, while SHOP has yielded a comparatively higher 42.67% annualized return.
RGLD
- 1D
- -2.31%
- 1M
- 0.02%
- 6M
- -24.35%
- YTD
- -10.20%
- 1Y
- 32.12%
- 3Y*
- 21.00%
- 5Y*
- 11.59%
- 10Y*
- 10.07%
- ALL TIME*
- 16.03%
SHOP
- 1D
- -4.29%
- 1M
- -3.68%
- 6M
- -10.73%
- YTD
- -27.22%
- 1Y
- -4.14%
- 3Y*
- 20.20%
- 5Y*
- -4.82%
- 10Y*
- 42.67%
- ALL TIME*
- 39.59%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
RGLD Royal Gold, Inc. | $133.30M | $134.04M | $155.03M |
SHOP Shopify Inc. | $1.12B | $980.06M | $1.18B |
RGLD vs. SHOP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RGLD Royal Gold, Inc. | -10.20% | 70.43% | 10.39% | 8.70% | 8.51% | 0.04% | -12.13% | 44.27% | 5.53% | 31.32% |
SHOP Shopify Inc. | -27.22% | 51.39% | 36.50% | 124.43% | -74.80% | 21.68% | 184.71% | 187.17% | 37.08% | 135.60% |
Correlation
The correlation between RGLD and SHOP is 0.21, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.21 |
Correlation (3Y) Balances recent behavior with more history. | 0.15 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.15 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.15 |
Correlation (All Time) Calculated using the full available price history since May 21, 2015 | 0.13 |
Fundamentals
RGLD:
$16.83B
SHOP:
$152.02B
RGLD:
$8.21
SHOP:
$1.02
RGLD:
24.15
SHOP:
114.96
RGLD:
1.64
SHOP:
0.22
RGLD:
11.72
SHOP:
16.65
RGLD:
2.27
SHOP:
12.21
RGLD:
$1.31B
SHOP:
$9.20B
RGLD:
$579.68M
SHOP:
$5.93B
RGLD:
$949.59M
SHOP:
$1.60B
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Return for Risk
RGLD vs. SHOP — Risk / Return Rank
RGLD
SHOP
RGLD vs. SHOP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Royal Gold, Inc. (RGLD) 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.
| RGLD | SHOP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.88 | ||
| Sortino ratioReturn per unit of downside risk | +0.94 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.04 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 0.85 | -0.09 | +0.93 |
| Martin ratioReturn relative to average drawdown | 1.84 | -0.16 | +2.00 |
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Drawdowns
RGLD vs. SHOP - Drawdown Comparison
The maximum RGLD drawdown since its inception was -98.29%, which is greater than SHOP's maximum drawdown of -84.82%. Use the drawdown chart below to compare losses from any high point for RGLD and SHOP.
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Drawdown Indicators
| RGLD | SHOP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.29% | -84.82% | -13.47% |
Max Drawdown (1Y)Largest decline over 1 year | -38.17% | -46.71% | +8.54% |
Max Drawdown (3Y)Largest decline over 3 years | -38.17% | -46.71% | +8.54% |
Max Drawdown (5Y)Largest decline over 5 years | -40.73% | -84.82% | +44.09% |
Max Drawdown (10Y)Largest decline over 10 years | -49.55% | -84.82% | +35.27% |
Current DrawdownCurrent decline from peak | -34.54% | -34.56% | +0.02% |
Average DrawdownAverage peak-to-trough decline | -29.83% | -28.29% | -1.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.52% | 25.40% | -7.88% |
Volatility
RGLD vs. SHOP - Volatility Comparison
The current volatility for Royal Gold, Inc. (RGLD) is 9.95%, while Shopify Inc. (SHOP) has a volatility of 16.38%. This indicates that RGLD 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
| RGLD | SHOP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.95% | 16.38% | -6.43% |
Volatility (6M)Calculated over the trailing 6-month period | 31.80% | 45.57% | -13.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 39.83% | 58.84% | -19.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.81% | 65.90% | -34.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.63% | 59.22% | -25.59% |
Dividends
RGLD vs. SHOP - Dividend Comparison
RGLD's dividend yield for the trailing twelve months is around 0.95%, while SHOP has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RGLD Royal Gold, Inc. | 0.95% | 0.81% | 1.21% | 1.24% | 1.24% | 1.14% | 1.05% | 0.87% | 1.17% | 1.17% | 1.45% | 1.81% |
SHOP Shopify Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
RGLD vs. SHOP - Financials Comparison
This section allows you to compare key financial metrics between Royal Gold, 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
RGLD and SHOP have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SHOP has higher volatility (16.38%) compared to RGLD (9.95%). In terms of maximum drawdown, RGLD dropped -98.29% vs SHOP's -84.82%.
RGLD currently has the higher Sharpe Ratio (0.81 vs -0.07), 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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