SHOP vs. FDL
SHOP (Shopify Inc.) is a stock, while FDL (First Trust Morningstar Dividend Leaders Index Fund) is Large Cap Value Equities fund tracking the Morningstar Dividend Leaders Index. Over the past 10 years, SHOP returned 44.35%/yr vs 11.09%/yr for FDL. At a 0.18 correlation, their price movements are largely independent.
Performance
SHOP vs. FDL - Performance Comparison
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Returns By Period
In the year-to-date period, SHOP achieves a -29.07% return, which is significantly lower than FDL's 12.30% return. Over the past 10 years, SHOP has outperformed FDL with an annualized return of 44.35%, while FDL has yielded a comparatively lower 11.09% annualized return.
SHOP
- 1D
- 6.03%
- 1M
- 10.84%
- YTD
- -29.07%
- 6M
- -32.62%
- 1Y
- -0.22%
- 3Y*
- 21.41%
- 5Y*
- -4.97%
- 10Y*
- 44.35%
FDL
- 1D
- -0.32%
- 1M
- -3.06%
- YTD
- 12.30%
- 6M
- 12.10%
- 1Y
- 21.91%
- 3Y*
- 18.97%
- 5Y*
- 12.94%
- 10Y*
- 11.09%
SHOP vs. FDL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SHOP Shopify Inc. | -29.07% | 51.39% | 36.50% | 124.43% | -74.80% | 21.68% | 184.71% | 187.17% | 37.08% | 135.60% |
FDL First Trust Morningstar Dividend Leaders Index Fund | 12.30% | 14.79% | 17.98% | 2.94% | 6.66% | 26.10% | -4.30% | 24.41% | -5.99% | 12.02% |
Correlation
The correlation between SHOP and FDL is -0.10, 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 | -0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.22 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since May 21, 2015 | 0.18 |
The correlation between SHOP and FDL shifts across timeframes, from -0.10 (1 year) to 0.22 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
SHOP vs. FDL — Risk / Return Rank
SHOP
FDL
SHOP vs. FDL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Shopify Inc. (SHOP) and First Trust Morningstar Dividend Leaders Index Fund (FDL). 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 | FDL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.91 | ||
| Sortino ratioReturn per unit of downside risk | -2.49 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.33 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | -0.00 | 5.15 | -5.15 |
| Martin ratioReturn relative to average drawdown | -0.01 | 12.05 | -12.06 |
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Drawdowns
SHOP vs. FDL - Drawdown Comparison
The maximum SHOP drawdown since its inception was -84.82%, which is greater than FDL's maximum drawdown of -65.93%. Use the drawdown chart below to compare losses from any high point for SHOP and FDL.
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Drawdown Indicators
| SHOP | FDL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -84.82% | -65.93% | -18.89% |
Max Drawdown (1Y)Largest decline over 1 year | -46.71% | -4.27% | -42.44% |
Max Drawdown (3Y)Largest decline over 3 years | -46.71% | -12.24% | -34.47% |
Max Drawdown (5Y)Largest decline over 5 years | -84.82% | -16.46% | -68.36% |
Max Drawdown (10Y)Largest decline over 10 years | -84.82% | -41.40% | -43.42% |
Current DrawdownCurrent decline from peak | -36.22% | -3.40% | -32.82% |
Average DrawdownAverage peak-to-trough decline | -28.25% | -9.63% | -18.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 23.17% | 1.82% | +21.35% |
Volatility
SHOP vs. FDL - Volatility Comparison
Shopify Inc. (SHOP) has a higher volatility of 16.61% compared to First Trust Morningstar Dividend Leaders Index Fund (FDL) at 3.54%. This indicates that SHOP's price experiences larger fluctuations and is considered to be riskier than FDL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SHOP | FDL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.61% | 3.54% | +13.07% |
Volatility (6M)Calculated over the trailing 6-month period | 43.94% | 8.10% | +35.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 57.19% | 11.55% | +45.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 65.60% | 14.31% | +51.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 59.07% | 17.11% | +41.96% |
Dividends
SHOP vs. FDL - Dividend Comparison
SHOP has not paid dividends to shareholders, while FDL's dividend yield for the trailing twelve months is around 3.71%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDL First Trust Morningstar Dividend Leaders Index Fund | 3.71% | 4.04% | 4.96% | 4.58% | 3.58% | 4.59% | 4.48% | 3.75% | 3.97% | 3.18% | 2.93% | 3.65% |
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 FDL have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SHOP has higher volatility (16.61%) compared to FDL (3.54%). In terms of maximum drawdown, SHOP dropped -84.82% vs FDL's -65.93%.
FDL currently has the higher Sharpe Ratio (1.91 vs -0.00), 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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