SHOP vs. AVDX
SHOP (Shopify Inc.) and AVDX (AvidXchange Holdings, Inc.) are both stocks. Both are in the Technology sector — SHOP in Software - Application, AVDX in Software - Infrastructure. At a 0.43 correlation, their price movements are largely independent.
Performance
SHOP vs. AVDX - Performance Comparison
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Returns By Period
SHOP
- 1D
- 1.13%
- 1M
- 0.34%
- YTD
- -31.18%
- 6M
- -30.07%
- 1Y
- -0.57%
- 3Y*
- 21.77%
- 5Y*
- -1.84%
- 10Y*
- 44.31%
AVDX
- 1D
- —
- 1M
- —
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SHOP vs. AVDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SHOP Shopify Inc. | -31.18% | 51.39% | 36.50% | 124.43% | -74.80% | -1.54% |
AVDX AvidXchange Holdings, Inc. | 0.00% | -3.29% | -16.55% | 24.65% | -34.00% | -39.62% |
Correlation
The correlation between SHOP and AVDX is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.33 |
Correlation (All Time) Calculated using the full available price history since Oct 14, 2021 | 0.43 |
Over the past year, the correlation between SHOP and AVDX has dropped to 0.18 - well below their long-term average of 0.43, suggesting their price drivers have been diverging.
Fundamentals
SHOP:
$144.39B
AVDX:
$2.07B
SHOP:
$1.02
AVDX:
-$0.04
SHOP:
15.75
AVDX:
4.63
SHOP:
11.55
AVDX:
3.01
SHOP:
$9.20B
AVDX:
$446.72M
SHOP:
$5.93B
AVDX:
$323.96M
SHOP:
$1.60B
AVDX:
$36.84M
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Return for Risk
SHOP vs. AVDX — Risk / Return Rank
SHOP
AVDX
SHOP vs. AVDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Shopify Inc. (SHOP) and AvidXchange Holdings, Inc. (AVDX). 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 | AVDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.05 | — | — |
| Calmar ratioReturn relative to maximum drawdown | -0.01 | — | — |
| Martin ratioReturn relative to average drawdown | -0.03 | — | — |
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 | AVDX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.01 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.03 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.75 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.69 | — | — |
Drawdowns
SHOP vs. AVDX - Drawdown Comparison
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Drawdown Indicators
| SHOP | AVDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -84.82% | — | — |
Max Drawdown (1Y)Largest decline over 1 year | -46.71% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -46.71% | — | — |
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 | -38.12% | — | — |
Average DrawdownAverage peak-to-trough decline | -28.22% | — | — |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 21.74% | — | — |
Volatility
SHOP vs. AVDX - Volatility Comparison
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Volatility by Period
| SHOP | AVDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.86% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 43.67% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 57.27% | — | — |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 65.57% | — | — |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 59.09% | — | — |
Dividends
SHOP vs. AVDX - Dividend Comparison
Neither SHOP nor AVDX has paid dividends to shareholders.
Financials
SHOP vs. AVDX - Financials Comparison
This section allows you to compare key financial metrics between Shopify Inc. and AvidXchange Holdings, 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 AVDX have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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