SHOP vs. GLBE
SHOP (Shopify Inc.) and GLBE (Global-e Online Ltd.) are both stocks. SHOP operates in Software - Application (Technology), while GLBE operates in Internet Retail (Consumer Cyclical). Over the past 5 years, SHOP returned -2.79%/yr vs -6.79%/yr for GLBE. A 0.61 correlation means they provide meaningful diversification when combined.
Performance
SHOP vs. GLBE - 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 GLBE's -16.74% 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%
GLBE
- 1D
- -1.48%
- 1M
- 18.85%
- YTD
- -16.74%
- 6M
- -18.48%
- 1Y
- -1.59%
- 3Y*
- -4.73%
- 5Y*
- -6.79%
- 10Y*
- —
SHOP vs. GLBE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SHOP Shopify Inc. | -32.76% | 51.39% | 36.50% | 124.43% | -74.80% | 24.07% |
GLBE Global-e Online Ltd. | -16.74% | -27.91% | 37.60% | 92.01% | -67.44% | 161.40% |
Correlation
The correlation between SHOP and GLBE is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.52 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.55 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.61 |
Correlation (All Time) Calculated using the full available price history since May 12, 2021 | 0.61 |
The correlation between SHOP and GLBE has been stable across timeframes, ranging from 0.52 to 0.61 - a consistent structural relationship.
Fundamentals
SHOP:
$141.08B
GLBE:
$5.70B
SHOP:
$1.02
GLBE:
$0.67
SHOP:
106.25
GLBE:
48.88
SHOP:
0.20
GLBE:
0.01
SHOP:
15.39
GLBE:
5.56
SHOP:
11.29
GLBE:
6.25
SHOP:
$9.20B
GLBE:
$1.02B
SHOP:
$5.93B
GLBE:
$467.05M
SHOP:
$1.60B
GLBE:
$146.46M
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Return for Risk
SHOP vs. GLBE — Risk / Return Rank
SHOP
GLBE
SHOP vs. GLBE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Shopify Inc. (SHOP) and Global-e Online Ltd. (GLBE). 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 | GLBE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.02 | ||
| Sortino ratioReturn per unit of downside risk | +0.10 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.04 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | -0.02 | -0.05 | +0.03 |
| Martin ratioReturn relative to average drawdown | -0.04 | -0.11 | +0.07 |
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Drawdowns
SHOP vs. GLBE - Drawdown Comparison
The maximum SHOP drawdown since its inception was -84.82%, which is greater than GLBE's maximum drawdown of -79.10%. Use the drawdown chart below to compare losses from any high point for SHOP and GLBE.
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Drawdown Indicators
| SHOP | GLBE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -84.82% | -79.10% | -5.72% |
Max Drawdown (1Y)Largest decline over 1 year | -46.71% | -33.78% | -12.93% |
Max Drawdown (3Y)Largest decline over 3 years | -46.71% | -56.17% | +9.46% |
Max Drawdown (5Y)Largest decline over 5 years | -84.82% | -79.10% | -5.72% |
Max Drawdown (10Y)Largest decline over 10 years | -84.82% | — | — |
Current DrawdownCurrent decline from peak | -39.53% | -59.93% | +20.40% |
Average DrawdownAverage peak-to-trough decline | -28.23% | -52.28% | +24.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.27% | 14.59% | +7.68% |
Volatility
SHOP vs. GLBE - Volatility Comparison
Shopify Inc. (SHOP) has a higher volatility of 15.38% compared to Global-e Online Ltd. (GLBE) at 13.51%. This indicates that SHOP's price experiences larger fluctuations and is considered to be riskier than GLBE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SHOP | GLBE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.38% | 13.51% | +1.87% |
Volatility (6M)Calculated over the trailing 6-month period | 43.41% | 36.12% | +7.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 57.03% | 46.63% | +10.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 65.55% | 68.03% | -2.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 59.07% | 68.12% | -9.05% |
Dividends
SHOP vs. GLBE - Dividend Comparison
Neither SHOP nor GLBE has paid dividends to shareholders.
Financials
SHOP vs. GLBE - Financials Comparison
This section allows you to compare key financial metrics between Shopify Inc. and Global-e Online Ltd.. 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 GLBE have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SHOP has higher volatility (15.38%) compared to GLBE (13.51%). In terms of maximum drawdown, SHOP dropped -84.82% vs GLBE's -79.10%.
SHOP currently has the higher Sharpe Ratio (-0.02 vs -0.03), 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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