SHOP.TO vs. ONLN
Compare and contrast key facts about Shopify Inc. (SHOP.TO) and ProShares Online Retail ETF (ONLN).
ONLN is a passively managed fund by ProShares that tracks the performance of the ProShares Online Retail Index. It was launched on Jul 13, 2018.
Performance
SHOP.TO vs. ONLN - Performance Comparison
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SHOP.TO vs. ONLN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
SHOP.TO Shopify Inc. | -25.31% | 44.45% | 48.30% | 119.44% | -73.01% | 21.18% | 178.39% | 173.48% | -13.17% |
ONLN ProShares Online Retail ETF | -8.85% | 26.93% | 35.57% | 24.56% | -46.51% | -25.90% | 108.24% | 14.04% | -21.79% |
Different Trading Currencies
SHOP.TO is traded in CAD, while ONLN is traded in USD. To make them comparable, the ONLN values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, SHOP.TO achieves a -25.31% return, which is significantly lower than ONLN's -8.85% return.
SHOP.TO
- 1D
- 5.96%
- 1M
- 0.24%
- YTD
- -25.31%
- 6M
- -20.17%
- 1Y
- 20.57%
- 3Y*
- 36.57%
- 5Y*
- 2.65%
- 10Y*
- 46.19%
ONLN
- 1D
- 4.12%
- 1M
- -1.80%
- YTD
- -8.85%
- 6M
- -12.58%
- 1Y
- 19.12%
- 3Y*
- 20.50%
- 5Y*
- -5.54%
- 10Y*
- —
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Return for Risk
SHOP.TO vs. ONLN — Risk / Return Rank
SHOP.TO
ONLN
SHOP.TO vs. ONLN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Shopify Inc. (SHOP.TO) and ProShares Online Retail ETF (ONLN). 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.
| SHOP.TO | ONLN | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.34 | 0.68 | -0.34 |
Sortino ratioReturn per unit of downside risk | 0.93 | 1.08 | -0.15 |
Omega ratioGain probability vs. loss probability | 1.12 | 1.14 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 0.49 | 0.92 | -0.44 |
Martin ratioReturn relative to average drawdown | 1.18 | 2.39 | -1.21 |
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
| SHOP.TO | ONLN | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.34 | 0.68 | -0.34 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.04 | -0.18 | +0.22 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.81 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.77 | 0.16 | +0.61 |
Correlation
The correlation between SHOP.TO and ONLN is 0.63, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
SHOP.TO vs. ONLN - Dividend Comparison
SHOP.TO has not paid dividends to shareholders, while ONLN's dividend yield for the trailing twelve months is around 0.36%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SHOP.TO Shopify Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ONLN ProShares Online Retail ETF | 0.36% | 0.30% | 0.75% | 0.00% | 0.00% | 0.00% | 1.24% |
Drawdowns
SHOP.TO vs. ONLN - Drawdown Comparison
The maximum SHOP.TO drawdown since its inception was -83.47%, which is greater than ONLN's maximum drawdown of -69.91%. Use the drawdown chart below to compare losses from any high point for SHOP.TO and ONLN.
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Drawdown Indicators
| SHOP.TO | ONLN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.47% | -71.77% | -11.70% |
Max Drawdown (1Y)Largest decline over 1 year | -39.71% | -19.75% | -19.96% |
Max Drawdown (5Y)Largest decline over 5 years | -83.47% | -69.19% | -14.28% |
Max Drawdown (10Y)Largest decline over 10 years | -83.47% | — | — |
Current DrawdownCurrent decline from peak | -33.90% | -41.77% | +7.87% |
Average DrawdownAverage peak-to-trough decline | -26.68% | -35.41% | +8.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.48% | 7.15% | +9.33% |
Volatility
SHOP.TO vs. ONLN - Volatility Comparison
Shopify Inc. (SHOP.TO) has a higher volatility of 15.10% compared to ProShares Online Retail ETF (ONLN) at 9.24%. This indicates that SHOP.TO's price experiences larger fluctuations and is considered to be riskier than ONLN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SHOP.TO | ONLN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.10% | 9.24% | +5.86% |
Volatility (6M)Calculated over the trailing 6-month period | 38.15% | 18.46% | +19.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 60.77% | 28.17% | +32.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 62.76% | 31.34% | +31.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 57.14% | 30.53% | +26.61% |