SHOP vs. IXC
SHOP (Shopify Inc.) is a stock, while IXC (iShares Global Energy ETF) is Energy Equities fund tracking the S&P Global Energy Sector Index. Over the past 10 years, SHOP returned 44.13%/yr vs 10.08%/yr for IXC. At a 0.15 correlation, their price movements are largely independent.
Performance
SHOP vs. IXC - Performance Comparison
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Returns By Period
In the year-to-date period, SHOP achieves a -27.91% return, which is significantly lower than IXC's 32.12% return. Over the past 10 years, SHOP has outperformed IXC with an annualized return of 44.13%, while IXC has yielded a comparatively lower 10.08% annualized return.
SHOP
- 1D
- 2.74%
- 1M
- 7.81%
- YTD
- -27.91%
- 6M
- -28.51%
- 1Y
- 12.03%
- 3Y*
- 24.65%
- 5Y*
- -0.76%
- 10Y*
- 44.13%
IXC
- 1D
- -0.07%
- 1M
- -1.98%
- YTD
- 32.12%
- 6M
- 29.58%
- 1Y
- 50.36%
- 3Y*
- 19.06%
- 5Y*
- 19.62%
- 10Y*
- 10.08%
SHOP vs. IXC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SHOP Shopify Inc. | -27.91% | 51.39% | 36.50% | 124.43% | -74.80% | 21.68% | 184.71% | 187.17% | 37.08% | 135.60% |
IXC iShares Global Energy ETF | 32.12% | 13.98% | 1.95% | 3.92% | 48.51% | 40.88% | -31.00% | 12.67% | -14.85% | 5.54% |
Correlation
The correlation between SHOP and IXC 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 | 0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.10 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since May 22, 2015 | 0.15 |
The correlation between SHOP and IXC shifts across timeframes, from -0.17 (1 year) to 0.15 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SHOP vs. IXC — Risk / Return Rank
SHOP
IXC
SHOP vs. IXC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Shopify Inc. (SHOP) and iShares Global Energy ETF (IXC). 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.
| SHOP | IXC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.50 | ||
| Sortino ratioReturn per unit of downside risk | -2.69 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.44 | -0.35 |
| Calmar ratioReturn relative to maximum drawdown | 0.26 | 5.24 | -4.98 |
| Martin ratioReturn relative to average drawdown | 0.56 | 15.73 | -15.17 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SHOP | IXC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.21 | 2.71 | -2.50 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.01 | 0.84 | -0.85 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.75 | 0.38 | +0.37 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.70 | 0.32 | +0.38 |
Drawdowns
SHOP vs. IXC - Drawdown Comparison
The maximum SHOP drawdown since its inception was -84.82%, which is greater than IXC's maximum drawdown of -67.88%. Use the drawdown chart below to compare losses from any high point for SHOP and IXC.
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Drawdown Indicators
| SHOP | IXC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -84.82% | -67.88% | -16.94% |
Max Drawdown (1Y)Largest decline over 1 year | -46.71% | -9.66% | -37.05% |
Max Drawdown (3Y)Largest decline over 3 years | -46.71% | -19.06% | -27.65% |
Max Drawdown (5Y)Largest decline over 5 years | -84.82% | -24.93% | -59.89% |
Max Drawdown (10Y)Largest decline over 10 years | -84.82% | -64.16% | -20.66% |
Current DrawdownCurrent decline from peak | -35.18% | -4.91% | -30.27% |
Average DrawdownAverage peak-to-trough decline | -28.21% | -17.48% | -10.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 21.47% | 3.21% | +18.26% |
Volatility
SHOP vs. IXC - Volatility Comparison
Shopify Inc. (SHOP) has a higher volatility of 17.89% compared to iShares Global Energy ETF (IXC) at 7.50%. This indicates that SHOP's price experiences larger fluctuations and is considered to be riskier than IXC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SHOP | IXC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.89% | 7.50% | +10.39% |
Volatility (6M)Calculated over the trailing 6-month period | 43.39% | 15.38% | +28.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 57.22% | 18.73% | +38.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 65.52% | 23.50% | +42.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 59.05% | 26.85% | +32.20% |
Dividends
SHOP vs. IXC - Dividend Comparison
SHOP has not paid dividends to shareholders, while IXC's dividend yield for the trailing twelve months is around 2.79%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IXC iShares Global Energy ETF | 2.79% | 3.68% | 4.56% | 3.45% | 4.76% | 3.98% | 4.86% | 7.00% | 3.51% | 3.05% | 2.86% | 3.77% |
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 IXC 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 (17.89%) compared to IXC (7.50%). In terms of maximum drawdown, SHOP dropped -84.82% vs IXC's -67.88%.
IXC currently has the higher Sharpe Ratio (2.71 vs 0.21), 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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