SHOP.TO vs. ^TNX
Compare and contrast key facts about Shopify Inc. (SHOP.TO) and Treasury Yield 10 Years (^TNX).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SHOP.TO or ^TNX.
Key characteristics
| SHOP.TO | ^TNX | |
|---|---|---|
| YTD Return | -22.81% | 14.33% |
| 1Y Return | -3.14% | 21.16% |
| 3Y Return (Ann) | -16.52% | 39.23% |
| 5Y Return (Ann) | 16.76% | 13.08% |
| Sharpe Ratio | -0.05 | 0.93 |
| Daily Std Dev | 50.64% | 25.16% |
| Max Drawdown | -83.47% | -93.78% |
| Current Drawdown | -62.79% | -44.91% |
Correlation
The correlation between SHOP.TO and ^TNX is 0.02, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
SHOP.TO vs. ^TNX - Performance Comparison
In the year-to-date period, SHOP.TO achieves a -22.81% return, which is significantly lower than ^TNX's 14.33% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
SHOP.TO vs. ^TNX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Shopify Inc. (SHOP.TO) and Treasury Yield 10 Years (^TNX). 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.
Drawdowns
SHOP.TO vs. ^TNX - Drawdown Comparison
The maximum SHOP.TO drawdown since its inception was -83.47%, smaller than the maximum ^TNX drawdown of -93.78%. Use the drawdown chart below to compare losses from any high point for SHOP.TO and ^TNX. For additional features, visit the drawdowns tool.
Volatility
SHOP.TO vs. ^TNX - Volatility Comparison
Shopify Inc. (SHOP.TO) has a higher volatility of 23.50% compared to Treasury Yield 10 Years (^TNX) at 4.89%. This indicates that SHOP.TO's price experiences larger fluctuations and is considered to be riskier than ^TNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.