SHOP vs. HDV
SHOP (Shopify Inc.) is a stock, while HDV (iShares Core High Dividend ETF) is Dividend fund tracking the Morningstar Dividend Yield Focus Index. Over the past 10 years, SHOP returned 43.51%/yr vs 9.45%/yr for HDV. At a 0.17 correlation, their price movements are largely independent.
Performance
SHOP vs. HDV - Performance Comparison
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Returns By Period
In the year-to-date period, SHOP achieves a -33.11% return, which is significantly lower than HDV's 14.07% return. Over the past 10 years, SHOP has outperformed HDV with an annualized return of 43.51%, while HDV has yielded a comparatively lower 9.45% annualized return.
SHOP
- 1D
- -0.28%
- 1M
- 4.54%
- YTD
- -33.11%
- 6M
- -36.48%
- 1Y
- -2.09%
- 3Y*
- 19.07%
- 5Y*
- -6.15%
- 10Y*
- 43.51%
HDV
- 1D
- 1.33%
- 1M
- -1.35%
- YTD
- 14.07%
- 6M
- 14.08%
- 1Y
- 21.06%
- 3Y*
- 15.48%
- 5Y*
- 11.09%
- 10Y*
- 9.45%
SHOP vs. HDV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SHOP Shopify Inc. | -33.11% | 51.39% | 36.50% | 124.43% | -74.80% | 21.68% | 184.71% | 187.17% | 37.08% | 135.60% |
HDV iShares Core High Dividend ETF | 14.07% | 11.90% | 14.16% | 1.72% | 7.05% | 19.45% | -6.48% | 20.22% | -3.01% | 13.40% |
Correlation
The correlation between SHOP and HDV is -0.17, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.17 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since May 21, 2015 | 0.17 |
The correlation between SHOP and HDV shifts across timeframes, from -0.17 (1 year) to 0.17 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
SHOP vs. HDV — Risk / Return Rank
SHOP
HDV
SHOP vs. HDV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Shopify Inc. (SHOP) and iShares Core High Dividend ETF (HDV). 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 | HDV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.17 | ||
| Sortino ratioReturn per unit of downside risk | -2.77 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.36 | -0.32 |
| Calmar ratioReturn relative to maximum drawdown | -0.05 | 4.09 | -4.13 |
| Martin ratioReturn relative to average drawdown | -0.09 | 11.19 | -11.28 |
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Drawdowns
SHOP vs. HDV - Drawdown Comparison
The maximum SHOP drawdown since its inception was -84.82%, which is greater than HDV's maximum drawdown of -37.04%. Use the drawdown chart below to compare losses from any high point for SHOP and HDV.
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Drawdown Indicators
| SHOP | HDV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -84.82% | -37.04% | -47.78% |
Max Drawdown (1Y)Largest decline over 1 year | -46.71% | -5.18% | -41.53% |
Max Drawdown (3Y)Largest decline over 3 years | -46.71% | -10.49% | -36.22% |
Max Drawdown (5Y)Largest decline over 5 years | -84.82% | -15.42% | -69.40% |
Max Drawdown (10Y)Largest decline over 10 years | -84.82% | -37.04% | -47.78% |
Current DrawdownCurrent decline from peak | -39.85% | -1.35% | -38.50% |
Average DrawdownAverage peak-to-trough decline | -28.25% | -3.08% | -25.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 23.05% | 1.89% | +21.16% |
Volatility
SHOP vs. HDV - Volatility Comparison
Shopify Inc. (SHOP) has a higher volatility of 15.76% compared to iShares Core High Dividend ETF (HDV) at 3.64%. This indicates that SHOP's price experiences larger fluctuations and is considered to be riskier than HDV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SHOP | HDV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.76% | 3.64% | +12.12% |
Volatility (6M)Calculated over the trailing 6-month period | 43.54% | 7.61% | +35.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 56.98% | 9.93% | +47.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 65.55% | 12.81% | +52.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 59.05% | 15.73% | +43.32% |
Dividends
SHOP vs. HDV - Dividend Comparison
SHOP has not paid dividends to shareholders, while HDV's dividend yield for the trailing twelve months is around 2.90%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HDV iShares Core High Dividend ETF | 2.90% | 3.22% | 3.67% | 3.82% | 3.56% | 3.47% | 4.07% | 3.27% | 3.67% | 3.27% | 3.28% | 3.92% |
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 HDV have a correlation of -0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SHOP has higher volatility (15.76%) compared to HDV (3.64%). In terms of maximum drawdown, SHOP dropped -84.82% vs HDV's -37.04%.
HDV currently has the higher Sharpe Ratio (2.13 vs -0.04), 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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