SHOP vs. AMLP
SHOP (Shopify Inc.) is a stock, while AMLP (Alerian MLP ETF) is MLPs fund tracking the Alerian MLP Infrastructure Index. Over the past 10 years, SHOP returned 43.59%/yr vs 6.92%/yr for AMLP. At a 0.19 correlation, their price movements are largely independent.
Performance
SHOP vs. AMLP - Performance Comparison
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Returns By Period
In the year-to-date period, SHOP achieves a -32.76% return, which is significantly lower than AMLP's 15.29% return. Over the past 10 years, SHOP has outperformed AMLP with an annualized return of 43.59%, while AMLP has yielded a comparatively lower 6.92% annualized return.
SHOP
- 1D
- -2.02%
- 1M
- 13.46%
- YTD
- -32.76%
- 6M
- -34.08%
- 1Y
- -0.89%
- 3Y*
- 19.24%
- 5Y*
- -2.79%
- 10Y*
- 43.59%
AMLP
- 1D
- -0.34%
- 1M
- -1.96%
- YTD
- 15.29%
- 6M
- 14.35%
- 1Y
- 14.76%
- 3Y*
- 20.22%
- 5Y*
- 15.26%
- 10Y*
- 6.92%
SHOP vs. AMLP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SHOP Shopify Inc. | -32.76% | 51.39% | 36.50% | 124.43% | -74.80% | 21.68% | 184.71% | 187.17% | 37.08% | 135.60% |
AMLP Alerian MLP ETF | 15.29% | 5.78% | 22.76% | 21.40% | 25.47% | 39.09% | -32.26% | 5.99% | -12.67% | -7.89% |
Correlation
The correlation between SHOP and AMLP is -0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.22 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since May 21, 2015 | 0.19 |
The correlation between SHOP and AMLP shifts across timeframes, from -0.03 (1 year) to 0.22 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
SHOP vs. AMLP — Risk / Return Rank
SHOP
AMLP
SHOP vs. AMLP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Shopify Inc. (SHOP) and Alerian MLP ETF (AMLP). 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.
| SHOP | AMLP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.27 | ||
| Sortino ratioReturn per unit of downside risk | -1.40 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.22 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | -0.02 | 1.66 | -1.68 |
| Martin ratioReturn relative to average drawdown | -0.04 | 5.35 | -5.39 |
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Drawdowns
SHOP vs. AMLP - Drawdown Comparison
The maximum SHOP drawdown since its inception was -84.82%, which is greater than AMLP's maximum drawdown of -77.19%. Use the drawdown chart below to compare losses from any high point for SHOP and AMLP.
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Drawdown Indicators
| SHOP | AMLP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -84.82% | -77.19% | -7.63% |
Max Drawdown (1Y)Largest decline over 1 year | -46.71% | -8.94% | -37.77% |
Max Drawdown (3Y)Largest decline over 3 years | -46.71% | -14.27% | -32.44% |
Max Drawdown (5Y)Largest decline over 5 years | -84.82% | -20.92% | -63.90% |
Max Drawdown (10Y)Largest decline over 10 years | -84.82% | -72.62% | -12.20% |
Current DrawdownCurrent decline from peak | -39.53% | -4.94% | -34.59% |
Average DrawdownAverage peak-to-trough decline | -28.23% | -17.37% | -10.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.27% | 2.77% | +19.50% |
Volatility
SHOP vs. AMLP - Volatility Comparison
Shopify Inc. (SHOP) has a higher volatility of 15.38% compared to Alerian MLP ETF (AMLP) at 4.71%. This indicates that SHOP's price experiences larger fluctuations and is considered to be riskier than AMLP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SHOP | AMLP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.38% | 4.71% | +10.67% |
Volatility (6M)Calculated over the trailing 6-month period | 43.41% | 8.77% | +34.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 57.03% | 11.84% | +45.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 65.55% | 19.95% | +45.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 59.07% | 27.67% | +31.40% |
Dividends
SHOP vs. AMLP - Dividend Comparison
SHOP has not paid dividends to shareholders, while AMLP's dividend yield for the trailing twelve months is around 7.71%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AMLP Alerian MLP ETF | 7.71% | 8.36% | 7.70% | 7.86% | 7.70% | 8.55% | 12.31% | 9.12% | 9.29% | 7.97% | 8.09% | 9.84% |
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% |
Frequently Asked Questions
SHOP and AMLP have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SHOP has higher volatility (15.38%) compared to AMLP (4.71%). In terms of maximum drawdown, SHOP dropped -84.82% vs AMLP's -77.19%.
AMLP currently has the higher Sharpe Ratio (1.25 vs -0.02), 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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