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 44.19%/yr vs 9.28%/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 -22.31% return, which is significantly lower than HDV's 18.49% return. Over the past 10 years, SHOP has outperformed HDV with an annualized return of 44.19%, while HDV has yielded a comparatively lower 9.28% annualized return.
SHOP
- 1D
- 1.22%
- 1M
- 10.45%
- 6M
- -20.84%
- YTD
- -22.31%
- 1Y
- 4.22%
- 3Y*
- 22.11%
- 5Y*
- -2.82%
- 10Y*
- 44.19%
HDV
- 1D
- 2.57%
- 1M
- 3.57%
- 6M
- 13.53%
- YTD
- 18.49%
- 1Y
- 23.14%
- 3Y*
- 16.44%
- 5Y*
- 11.92%
- 10Y*
- 9.28%
SHOP vs. HDV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SHOP Shopify Inc. | -22.31% | 51.39% | 36.50% | 124.43% | -74.80% | 21.68% | 184.71% | 187.17% | 37.08% | 135.60% |
HDV iShares Core High Dividend ETF | 18.49% | 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 | 0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.18 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.15 |
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 0.18 (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 | -2.10 | ||
| Sortino ratioReturn per unit of downside risk | -2.76 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.38 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | 0.09 | 4.49 | -4.40 |
| Martin ratioReturn relative to average drawdown | 0.17 | 12.27 | -12.09 |
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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 | -30.14% | 0.00% | -30.14% |
Average DrawdownAverage peak-to-trough decline | -28.28% | -3.07% | -25.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 24.51% | 1.89% | +22.62% |
Volatility
SHOP vs. HDV - Volatility Comparison
Shopify Inc. (SHOP) has a higher volatility of 12.68% compared to iShares Core High Dividend ETF (HDV) at 5.12%. 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 | 12.68% | 5.12% | +7.56% |
Volatility (6M)Calculated over the trailing 6-month period | 44.44% | 8.63% | +35.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 57.46% | 10.72% | +46.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 65.65% | 12.95% | +52.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 59.04% | 15.77% | +43.27% |
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 3.11%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HDV iShares Core High Dividend ETF | 3.11% | 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 (12.68%) compared to HDV (5.12%). In terms of maximum drawdown, SHOP dropped -84.82% vs HDV's -37.04%.
HDV currently has the higher Sharpe Ratio (2.17 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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