SHOP vs. ARIS
SHOP (Shopify Inc.) and ARIS (Aris Water Solutions, Inc.) are both stocks. SHOP operates in Software - Application (Technology), while ARIS operates in Utilities - Regulated Water (Utilities). Over the past 3 years, SHOP returned 19.24%/yr vs 88.30%/yr for ARIS. At a 0.17 correlation, their price movements are largely independent.
Performance
SHOP vs. ARIS - 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 ARIS's -2.09% 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%
ARIS
- 1D
- 5.23%
- 1M
- -19.38%
- YTD
- -2.09%
- 6M
- 1.15%
- 1Y
- 135.76%
- 3Y*
- 88.30%
- 5Y*
- —
- 10Y*
- —
SHOP vs. ARIS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SHOP Shopify Inc. | -32.76% | 51.39% | 36.50% | 124.43% | -74.80% | -7.97% |
ARIS Aris Water Solutions, Inc. | -2.09% | 363.71% | 6.54% | 31.93% | -39.60% | 1.33% |
Correlation
The correlation between SHOP and ARIS is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Oct 22, 2021 | 0.17 |
Fundamentals
SHOP:
$141.08B
ARIS:
$3.32B
SHOP:
$1.02
ARIS:
$0.87
SHOP:
106.25
ARIS:
18.19
SHOP:
0.20
ARIS:
0.36
SHOP:
15.39
ARIS:
2.76
SHOP:
11.29
ARIS:
2.11
SHOP:
$9.20B
ARIS:
$1.14B
SHOP:
$5.93B
ARIS:
$612.94M
SHOP:
$1.60B
ARIS:
$432.53M
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Return for Risk
SHOP vs. ARIS — Risk / Return Rank
SHOP
ARIS
SHOP vs. ARIS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Shopify Inc. (SHOP) and Aris Water Solutions, Inc. (ARIS). 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 | ARIS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.88 | ||
| Sortino ratioReturn per unit of downside risk | -2.42 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.40 | -0.35 |
| Calmar ratioReturn relative to maximum drawdown | -0.02 | 4.87 | -4.89 |
| Martin ratioReturn relative to average drawdown | -0.04 | 16.85 | -16.89 |
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Drawdowns
SHOP vs. ARIS - Drawdown Comparison
The maximum SHOP drawdown since its inception was -84.82%, which is greater than ARIS's maximum drawdown of -57.98%. Use the drawdown chart below to compare losses from any high point for SHOP and ARIS.
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Drawdown Indicators
| SHOP | ARIS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -84.82% | -57.98% | -26.84% |
Max Drawdown (1Y)Largest decline over 1 year | -46.71% | -34.32% | -12.39% |
Max Drawdown (3Y)Largest decline over 3 years | -46.71% | -34.46% | -12.25% |
Max Drawdown (5Y)Largest decline over 5 years | -84.82% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -84.82% | — | — |
Current DrawdownCurrent decline from peak | -39.53% | -26.61% | -12.92% |
Average DrawdownAverage peak-to-trough decline | -28.23% | -22.67% | -5.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.27% | 9.35% | +12.92% |
Volatility
SHOP vs. ARIS - Volatility Comparison
The current volatility for Shopify Inc. (SHOP) is 15.38%, while Aris Water Solutions, Inc. (ARIS) has a volatility of 21.05%. This indicates that SHOP experiences smaller price fluctuations and is considered to be less risky than ARIS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SHOP | ARIS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.38% | 21.05% | -5.67% |
Volatility (6M)Calculated over the trailing 6-month period | 43.41% | 46.30% | -2.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 57.03% | 58.35% | -1.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 65.55% | 53.11% | +12.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 59.07% | 53.11% | +5.96% |
Dividends
SHOP vs. ARIS - Dividend Comparison
Neither SHOP nor ARIS has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
ARIS Aris Water Solutions, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 3.84% | 0.85% |
SHOP Shopify Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
SHOP vs. ARIS - Financials Comparison
This section allows you to compare key financial metrics between Shopify Inc. and Aris Water Solutions, 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
SHOP and ARIS have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ARIS has higher volatility (21.05%) compared to SHOP (15.38%). In terms of maximum drawdown, SHOP dropped -84.82% vs ARIS's -57.98%.
ARIS currently has the higher Sharpe Ratio (2.87 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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