SHOP vs. ETSY

Last updated Apr 2, 2026

Compare and contrast key facts about Shopify Inc. (SHOP) and Etsy, Inc. (ETSY).

Performance

SHOP vs. ETSY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Shopify Inc. (SHOP) and Etsy, Inc. (ETSY). The values are adjusted to include any dividend payments, if applicable.

SHOP vs. ETSY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SHOP Shopify Inc.	-26.37%	51.39%	36.50%	124.43%	-74.80%	21.68%	184.71%	187.17%	37.08%	135.60%
ETSY Etsy, Inc.	-9.87%	4.82%	-34.74%	-32.33%	-45.29%	23.06%	301.60%	-6.87%	132.62%	73.60%

Fundamentals

EPS SHOP : $1.41 ETSY : $2.68
PE Ratio SHOP : 84.14 ETSY : 18.66
PS Ratio SHOP : 13.14 ETSY : 2.14
Total Revenue (TTM) SHOP : $7.88B ETSY : $2.88B
Gross Profit (TTM) SHOP : $5.56B ETSY : $2.07B
EBITDA (TTM) SHOP : $1.61B ETSY : $438.41M

Returns By Period

In the year-to-date period, SHOP achieves a -26.37% return, which is significantly lower than ETSY's -9.87% return. Over the past 10 years, SHOP has outperformed ETSY with an annualized return of 45.20%, while ETSY has yielded a comparatively lower 19.14% annualized return.

SHOP

• 1D: -0.08%
• 1M: -0.72%
• YTD: -26.37%
• 6M: -20.76%
• 1Y: 21.38%
• 3Y*: 35.22%
• 5Y*: 0.51%
• 10Y*: 45.20%

ETSY

• 1D: -0.02%
• 1M: -7.41%
• YTD: -9.87%
• 6M: -29.11%
• 1Y: 2.97%
• 3Y*: -23.43%
• 5Y*: -24.83%
• 10Y*: 19.14%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

SHOP vs. ETSY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SHOP

SHOP Risk / Return Rank: 54
SHOP Sharpe Ratio Rank: 53
SHOP Sortino Ratio Rank: 53
SHOP Omega Ratio Rank: 52
SHOP Calmar Ratio Rank: 56
SHOP Martin Ratio Rank: 56

ETSY

ETSY Risk / Return Rank: 42
ETSY Sharpe Ratio Rank: 42
ETSY Sortino Ratio Rank: 40
ETSY Omega Ratio Rank: 39
ETSY Calmar Ratio Rank: 44
ETSY Martin Ratio Rank: 44

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SHOP vs. ETSY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Shopify Inc. (SHOP) and Etsy, Inc. (ETSY). 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	ETSY	Difference
Sharpe ratio Return per unit of total volatility	0.35	0.05	+0.30
Sortino ratio Return per unit of downside risk	0.95	0.47	+0.48
Omega ratio Gain probability vs. loss probability	1.12	1.06	+0.06
Calmar ratio Return relative to maximum drawdown	0.63	0.14	+0.49
Martin ratio Return relative to average drawdown	1.52	0.30	+1.22
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SHOP vs. ETSY - Sharpe Ratio Comparison

The current SHOP Sharpe Ratio is 0.35, which is higher than the ETSY Sharpe Ratio of 0.05. The chart below compares the historical Sharpe Ratios of SHOP and ETSY, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	SHOP	ETSY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.35	0.05	+0.30
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.01	-0.45	+0.46
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.77	0.34	+0.43
Sharpe Ratio (All Time) Calculated using the full available price history	0.72	0.08	+0.64

Correlation

The correlation between SHOP and ETSY is 0.47, 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 vs. ETSY - Dividend Comparison

Neither SHOP nor ETSY has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

SHOP vs. ETSY - Drawdown Comparison

The maximum SHOP drawdown since its inception was -84.82%, roughly equal to the maximum ETSY drawdown of -86.26%. Use the drawdown chart below to compare losses from any high point for SHOP and ETSY.

Drawdown Indicators

	SHOP	ETSY	Difference
Max Drawdown Largest peak-to-trough decline	-84.82%	-86.26%	+1.44%
Max Drawdown (1Y) Largest decline over 1 year	-38.18%	-41.70%	+3.52%
Max Drawdown (5Y) Largest decline over 5 years	-84.82%	-86.26%	+1.44%
Max Drawdown (10Y) Largest decline over 10 years	-84.82%	-86.26%	+1.44%
Current Drawdown Current decline from peak	-33.79%	-83.17%	+49.38%
Average Drawdown Average peak-to-trough decline	-28.09%	-47.69%	+19.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	15.92%	19.85%	-3.93%

Volatility

SHOP vs. ETSY - Volatility Comparison

Shopify Inc. (SHOP) has a higher volatility of 15.33% compared to Etsy, Inc. (ETSY) at 11.92%. This indicates that SHOP's price experiences larger fluctuations and is considered to be riskier than ETSY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SHOP	ETSY	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.33%	11.92%	+3.41%
Volatility (6M) Calculated over the trailing 6-month period	38.93%	37.73%	+1.20%
Volatility (1Y) Calculated over the trailing 1-year period	60.84%	55.26%	+5.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	65.03%	55.54%	+9.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	58.57%	56.06%	+2.51%

Financials