SHOP vs. LMT
SHOP (Shopify Inc.) and LMT (Lockheed Martin Corporation) are both stocks. SHOP operates in Software - Application (Technology), while LMT operates in Aerospace & Defense (Industrials). Over the past 10 years, SHOP returned 43.59%/yr vs 11.37%/yr for LMT. At a 0.08 correlation, their price movements are largely independent.
Performance
SHOP vs. LMT - 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 LMT's 13.04% return. Over the past 10 years, SHOP has outperformed LMT with an annualized return of 43.59%, while LMT has yielded a comparatively lower 11.37% annualized return.
SHOP
- 1D
- -2.02%
- 1M
- 11.11%
- YTD
- -32.76%
- 6M
- -34.08%
- 1Y
- 2.75%
- 3Y*
- 19.24%
- 5Y*
- -2.79%
- 10Y*
- 43.59%
LMT
- 1D
- -1.52%
- 1M
- 4.51%
- YTD
- 13.04%
- 6M
- 13.84%
- 1Y
- 14.07%
- 3Y*
- 8.98%
- 5Y*
- 9.78%
- 10Y*
- 11.37%
SHOP vs. LMT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SHOP Shopify Inc. | -32.76% | 51.39% | 36.50% | 124.43% | -74.80% | 21.68% | 184.71% | 187.17% | 37.08% | 135.60% |
LMT Lockheed Martin Corporation | 13.04% | 2.47% | 10.02% | -4.31% | 40.48% | 3.15% | -6.49% | 52.55% | -16.35% | 31.77% |
Correlation
The correlation between SHOP and LMT is 0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.02 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since May 21, 2015 | 0.08 |
The correlation between SHOP and LMT shifts across timeframes, from -0.03 (3 years) to 0.08 (all time), reflecting how their relationship changes across market environments.
Fundamentals
SHOP:
$141.08B
LMT:
$124.87B
SHOP:
$1.02
LMT:
$20.61
SHOP:
106.25
LMT:
26.21
SHOP:
15.39
LMT:
1.67
SHOP:
11.29
LMT:
16.67
SHOP:
$9.20B
LMT:
$75.12B
SHOP:
$5.93B
LMT:
$7.37B
SHOP:
$1.60B
LMT:
$8.09B
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Return for Risk
SHOP vs. LMT — Risk / Return Rank
SHOP
LMT
SHOP vs. LMT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Shopify Inc. (SHOP) and Lockheed Martin Corporation (LMT). 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 | LMT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.71 | ||
| Sortino ratioReturn per unit of downside risk | -0.67 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.14 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | -0.02 | 0.73 | -0.75 |
| Martin ratioReturn relative to average drawdown | -0.04 | 1.69 | -1.73 |
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Drawdowns
SHOP vs. LMT - Drawdown Comparison
The maximum SHOP drawdown since its inception was -84.82%, which is greater than LMT's maximum drawdown of -79.29%. Use the drawdown chart below to compare losses from any high point for SHOP and LMT.
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Drawdown Indicators
| SHOP | LMT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -84.82% | -79.29% | -5.53% |
Max Drawdown (1Y)Largest decline over 1 year | -46.71% | -25.15% | -21.56% |
Max Drawdown (3Y)Largest decline over 3 years | -46.71% | -31.79% | -14.92% |
Max Drawdown (5Y)Largest decline over 5 years | -84.82% | -31.79% | -53.03% |
Max Drawdown (10Y)Largest decline over 10 years | -84.82% | -36.67% | -48.15% |
Current DrawdownCurrent decline from peak | -39.53% | -19.63% | -19.90% |
Average DrawdownAverage peak-to-trough decline | -28.23% | -26.83% | -1.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.27% | 10.81% | +11.46% |
Volatility
SHOP vs. LMT - Volatility Comparison
Shopify Inc. (SHOP) has a higher volatility of 15.38% compared to Lockheed Martin Corporation (LMT) at 7.02%. This indicates that SHOP's price experiences larger fluctuations and is considered to be riskier than LMT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SHOP | LMT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.38% | 7.02% | +8.36% |
Volatility (6M)Calculated over the trailing 6-month period | 43.41% | 20.04% | +23.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 57.03% | 26.71% | +30.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 65.55% | 22.99% | +42.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 59.07% | 23.76% | +35.31% |
Dividends
SHOP vs. LMT - Dividend Comparison
SHOP has not paid dividends to shareholders, while LMT's dividend yield for the trailing twelve months is around 2.53%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LMT Lockheed Martin Corporation | 2.53% | 2.76% | 2.62% | 2.68% | 2.34% | 2.98% | 2.76% | 2.31% | 3.13% | 2.32% | 2.71% | 2.83% |
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% |
Financials
SHOP vs. LMT - Financials Comparison
This section allows you to compare key financial metrics between Shopify Inc. and Lockheed Martin Corporation. 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 LMT have a correlation of 0.03, 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 LMT (7.02%). In terms of maximum drawdown, SHOP dropped -84.82% vs LMT's -79.29%.
LMT currently has the higher Sharpe Ratio (0.69 vs -0.02), 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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