SHOP vs. FCX
SHOP (Shopify Inc.) and FCX (Freeport-McMoRan Inc.) are both stocks. SHOP operates in Software - Application (Technology), while FCX operates in Copper (Basic Materials). Over the past 10 years, SHOP returned 43.59%/yr vs 22.12%/yr for FCX. At a 0.25 correlation, their price movements are largely independent.
Performance
SHOP vs. FCX - 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 FCX's 35.32% return. Over the past 10 years, SHOP has outperformed FCX with an annualized return of 43.59%, while FCX has yielded a comparatively lower 22.12% 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%
FCX
- 1D
- 3.12%
- 1M
- 1.86%
- YTD
- 35.32%
- 6M
- 45.06%
- 1Y
- 68.06%
- 3Y*
- 21.38%
- 5Y*
- 12.26%
- 10Y*
- 22.12%
SHOP vs. FCX - 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% |
FCX Freeport-McMoRan Inc. | 35.32% | 35.41% | -9.41% | 13.69% | -7.91% | 61.41% | 99.06% | 29.59% | -45.11% | 43.75% |
Correlation
The correlation between SHOP and FCX is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.32 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.33 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since May 21, 2015 | 0.25 |
Fundamentals
SHOP:
$141.08B
FCX:
$98.78B
SHOP:
$1.02
FCX:
$1.89
SHOP:
106.25
FCX:
36.13
SHOP:
15.39
FCX:
3.74
SHOP:
11.29
FCX:
5.06
SHOP:
$9.20B
FCX:
$26.42B
SHOP:
$5.93B
FCX:
$7.35B
SHOP:
$1.60B
FCX:
$9.59B
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Return for Risk
SHOP vs. FCX — Risk / Return Rank
SHOP
FCX
SHOP vs. FCX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Shopify Inc. (SHOP) and Freeport-McMoRan Inc. (FCX). 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 | FCX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.42 | ||
| Sortino ratioReturn per unit of downside risk | -1.40 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.25 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | -0.02 | 2.75 | -2.77 |
| Martin ratioReturn relative to average drawdown | -0.04 | 6.85 | -6.89 |
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Drawdowns
SHOP vs. FCX - Drawdown Comparison
The maximum SHOP drawdown since its inception was -84.82%, smaller than the maximum FCX drawdown of -92.52%. Use the drawdown chart below to compare losses from any high point for SHOP and FCX.
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Drawdown Indicators
| SHOP | FCX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -84.82% | -92.52% | +7.70% |
Max Drawdown (1Y)Largest decline over 1 year | -46.71% | -24.90% | -21.81% |
Max Drawdown (3Y)Largest decline over 3 years | -46.71% | -46.34% | -0.37% |
Max Drawdown (5Y)Largest decline over 5 years | -84.82% | -51.47% | -33.35% |
Max Drawdown (10Y)Largest decline over 10 years | -84.82% | -72.59% | -12.23% |
Current DrawdownCurrent decline from peak | -39.53% | -4.62% | -34.91% |
Average DrawdownAverage peak-to-trough decline | -28.23% | -39.62% | +11.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.27% | 9.97% | +12.30% |
Volatility
SHOP vs. FCX - Volatility Comparison
The current volatility for Shopify Inc. (SHOP) is 15.38%, while Freeport-McMoRan Inc. (FCX) has a volatility of 17.98%. This indicates that SHOP experiences smaller price fluctuations and is considered to be less risky than FCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SHOP | FCX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.38% | 17.98% | -2.60% |
Volatility (6M)Calculated over the trailing 6-month period | 43.41% | 37.53% | +5.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 57.03% | 48.88% | +8.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 65.55% | 45.14% | +20.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 59.07% | 48.65% | +10.42% |
Dividends
SHOP vs. FCX - Dividend Comparison
SHOP has not paid dividends to shareholders, while FCX's dividend yield for the trailing twelve months is around 0.88%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCX Freeport-McMoRan Inc. | 0.88% | 1.18% | 1.58% | 1.41% | 0.99% | 0.54% | 0.19% | 1.52% | 1.45% | 0.00% | 0.00% | 8.46% |
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% |
Financials
SHOP vs. FCX - Financials Comparison
This section allows you to compare key financial metrics between Shopify Inc. and Freeport-McMoRan 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 FCX have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FCX has higher volatility (17.98%) compared to SHOP (15.38%). In terms of maximum drawdown, SHOP dropped -84.82% vs FCX's -92.52%.
FCX currently has the higher Sharpe Ratio (1.40 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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