SHOP vs. MRK
SHOP (Shopify Inc.) and MRK (Merck & Co., Inc.) are both stocks. SHOP operates in Software - Application (Technology), while MRK operates in Drug Manufacturers - General (Healthcare). Over the past 10 years, SHOP returned 43.59%/yr vs 11.59%/yr for MRK. At a 0.07 correlation, their price movements are largely independent.
Performance
SHOP vs. MRK - 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 MRK's 13.94% return. Over the past 10 years, SHOP has outperformed MRK with an annualized return of 43.59%, while MRK has yielded a comparatively lower 11.59% 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%
MRK
- 1D
- -1.42%
- 1M
- 4.97%
- YTD
- 13.94%
- 6M
- 20.60%
- 1Y
- 50.99%
- 3Y*
- 5.87%
- 5Y*
- 12.81%
- 10Y*
- 11.59%
SHOP vs. MRK - 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% |
MRK Merck & Co., Inc. | 13.94% | 9.79% | -6.26% | 1.01% | 49.42% | 1.75% | -7.20% | 22.27% | 39.95% | -1.49% |
Correlation
The correlation between SHOP and MRK is -0.06, 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 | -0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.05 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since May 21, 2015 | 0.07 |
The correlation between SHOP and MRK shifts across timeframes, from -0.06 (1 year) to 0.07 (all time), reflecting how their relationship changes across market environments.
Fundamentals
SHOP:
$141.08B
MRK:
$294.29B
SHOP:
$1.02
MRK:
$3.58
SHOP:
106.25
MRK:
33.21
SHOP:
0.20
MRK:
0.03
SHOP:
15.39
MRK:
4.52
SHOP:
11.29
MRK:
6.41
SHOP:
$9.20B
MRK:
$65.59B
SHOP:
$5.93B
MRK:
$49.79B
SHOP:
$1.60B
MRK:
$22.69B
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Return for Risk
SHOP vs. MRK — Risk / Return Rank
SHOP
MRK
SHOP vs. MRK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Shopify Inc. (SHOP) and Merck & Co., Inc. (MRK). 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 | MRK | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.90 | ||
| Sortino ratioReturn per unit of downside risk | -2.41 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.33 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | -0.02 | 4.49 | -4.51 |
| Martin ratioReturn relative to average drawdown | -0.04 | 11.22 | -11.25 |
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Drawdowns
SHOP vs. MRK - Drawdown Comparison
The maximum SHOP drawdown since its inception was -84.82%, which is greater than MRK's maximum drawdown of -68.61%. Use the drawdown chart below to compare losses from any high point for SHOP and MRK.
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Drawdown Indicators
| SHOP | MRK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -84.82% | -68.61% | -16.21% |
Max Drawdown (1Y)Largest decline over 1 year | -46.71% | -11.37% | -35.34% |
Max Drawdown (3Y)Largest decline over 3 years | -46.71% | -43.44% | -3.27% |
Max Drawdown (5Y)Largest decline over 5 years | -84.82% | -43.44% | -41.38% |
Max Drawdown (10Y)Largest decline over 10 years | -84.82% | -43.44% | -41.38% |
Current DrawdownCurrent decline from peak | -39.53% | -5.03% | -34.50% |
Average DrawdownAverage peak-to-trough decline | -28.23% | -18.83% | -9.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.27% | 4.54% | +17.73% |
Volatility
SHOP vs. MRK - Volatility Comparison
Shopify Inc. (SHOP) has a higher volatility of 15.38% compared to Merck & Co., Inc. (MRK) at 9.57%. This indicates that SHOP's price experiences larger fluctuations and is considered to be riskier than MRK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SHOP | MRK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.38% | 9.57% | +5.81% |
Volatility (6M)Calculated over the trailing 6-month period | 43.41% | 18.04% | +25.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 57.03% | 27.18% | +29.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 65.55% | 23.66% | +41.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 59.07% | 22.96% | +36.11% |
Dividends
SHOP vs. MRK - Dividend Comparison
SHOP has not paid dividends to shareholders, while MRK'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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MRK Merck & Co., Inc. | 2.79% | 3.12% | 3.14% | 2.72% | 2.52% | 3.41% | 3.03% | 2.48% | 2.60% | 3.36% | 3.14% | 3.43% |
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. MRK - Financials Comparison
This section allows you to compare key financial metrics between Shopify Inc. and Merck & Co., Inc.. 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 MRK have a correlation of -0.06, 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 MRK (9.57%). In terms of maximum drawdown, SHOP dropped -84.82% vs MRK's -68.61%.
MRK currently has the higher Sharpe Ratio (1.88 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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