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 -4.82%/yr vs -10.81%/yr for GLBE. Their 0.61 correlation means they have sometimes moved together and sometimes differently.
Performance
SHOP vs. GLBE - Performance Comparison
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Returns By Period
SHOP
- 1D
- -4.29%
- 1M
- -3.68%
- 6M
- -10.73%
- YTD
- -27.22%
- 1Y
- -4.14%
- 3Y*
- 20.20%
- 5Y*
- -4.82%
- 10Y*
- 42.67%
- ALL TIME*
- 39.59%
GLBE
- 1D
- -1.40%
- 1M
- 9.71%
- 6M
- 7.55%
- YTD
- 0.00%
- 1Y
- 18.58%
- 3Y*
- -4.37%
- 5Y*
- -10.81%
- 10Y*
- —
- ALL TIME*
- 9.70%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $66.86M | $52.38M | $58.11M | |
SHOP Shopify Inc. | $1.12B | $980.06M | $1.18B |
SHOP vs. GLBE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SHOP Shopify Inc. | -27.22% | 51.39% | 36.50% | 124.43% | -74.80% | 24.07% |
GLBE Global-e Online Ltd. | -0.00% | -27.91% | 37.60% | 92.01% | -67.44% | 161.40% |
Correlation
The correlation between SHOP and GLBE is 0.51, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.51 |
Correlation (3Y) Balances recent behavior with more history. | 0.55 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.62 |
Correlation (All Time) Calculated using the full available price history since May 12, 2021 | 0.61 |
The correlation between SHOP and GLBE shifts across timeframes, from 0.51 (1 year) to 0.62 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
SHOP:
$152.02B
GLBE:
$6.60B
SHOP:
$1.02
GLBE:
$0.66
SHOP:
114.96
GLBE:
59.18
SHOP:
0.22
GLBE:
0.01
SHOP:
16.65
GLBE:
6.73
SHOP:
12.21
GLBE:
7.51
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 | -0.46 | ||
| Sortino ratioReturn per unit of downside risk | -0.58 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.11 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | -0.09 | 0.55 | -0.64 |
| Martin ratioReturn relative to average drawdown | -0.16 | 1.21 | -1.37 |
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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 | -34.56% | -51.88% | +17.32% |
Average DrawdownAverage peak-to-trough decline | -28.29% | -52.37% | +24.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 25.40% | 15.42% | +9.98% |
Volatility
SHOP vs. GLBE - Volatility Comparison
Shopify Inc. (SHOP) has a higher volatility of 16.38% compared to Global-e Online Ltd. (GLBE) at 12.17%. 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 | 16.38% | 12.17% | +4.21% |
Volatility (6M)Calculated over the trailing 6-month period | 45.57% | 37.76% | +7.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 58.84% | 48.48% | +10.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 65.90% | 67.18% | -1.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 59.22% | 67.66% | -8.44% |
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 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SHOP has higher volatility (16.38%) compared to GLBE (12.17%). In terms of maximum drawdown, SHOP dropped -84.82% vs GLBE's -79.10%.
GLBE currently has the higher Sharpe Ratio (0.39 vs -0.07), 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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