SHOP vs. MSI
SHOP (Shopify Inc.) and MSI (Motorola Solutions, Inc.) are both stocks. Both are in the Technology sector — SHOP in Software - Application, MSI in Communication Equipment. Over the past 10 years, SHOP returned 43.59%/yr vs 21.65%/yr for MSI. At a 0.28 correlation, their price movements are largely independent.
Performance
SHOP vs. MSI - 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 MSI's 7.83% return. Over the past 10 years, SHOP has outperformed MSI with an annualized return of 43.59%, while MSI has yielded a comparatively lower 21.65% annualized return.
SHOP
- 1D
- -2.02%
- 1M
- 7.94%
- YTD
- -32.76%
- 6M
- -34.08%
- 1Y
- 2.75%
- 3Y*
- 19.24%
- 5Y*
- -2.79%
- 10Y*
- 43.59%
MSI
- 1D
- 0.46%
- 1M
- 4.82%
- YTD
- 7.83%
- 6M
- 13.71%
- 1Y
- 1.85%
- 3Y*
- 15.02%
- 5Y*
- 15.56%
- 10Y*
- 21.65%
SHOP vs. MSI - 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% |
MSI Motorola Solutions, Inc. | 7.83% | -16.17% | 49.12% | 23.04% | -3.81% | 61.90% | 7.35% | 42.19% | 29.64% | 11.44% |
Correlation
The correlation between SHOP and MSI 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 | 0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.28 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since May 21, 2015 | 0.28 |
Over the past year, the correlation between SHOP and MSI has dropped to 0.06 - well below their long-term average of 0.28, suggesting their price drivers have been diverging.
Fundamentals
SHOP:
$141.08B
MSI:
$69.26B
SHOP:
$1.02
MSI:
$12.42
SHOP:
106.25
MSI:
33.20
SHOP:
0.20
MSI:
2.03
SHOP:
15.39
MSI:
5.85
SHOP:
11.29
MSI:
27.22
SHOP:
$9.20B
MSI:
$11.87B
SHOP:
$5.93B
MSI:
$5.92B
SHOP:
$1.60B
MSI:
$3.35B
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Return for Risk
SHOP vs. MSI — Risk / Return Rank
SHOP
MSI
SHOP vs. MSI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Shopify Inc. (SHOP) and Motorola Solutions, Inc. (MSI). 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 | MSI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.05 | ||
| Sortino ratioReturn per unit of downside risk | +0.18 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.03 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | -0.02 | 0.04 | -0.05 |
| Martin ratioReturn relative to average drawdown | -0.04 | 0.07 | -0.11 |
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Drawdowns
SHOP vs. MSI - Drawdown Comparison
The maximum SHOP drawdown since its inception was -84.82%, smaller than the maximum MSI drawdown of -93.60%. Use the drawdown chart below to compare losses from any high point for SHOP and MSI.
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Drawdown Indicators
| SHOP | MSI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -84.82% | -93.60% | +8.78% |
Max Drawdown (1Y)Largest decline over 1 year | -46.71% | -25.45% | -21.26% |
Max Drawdown (3Y)Largest decline over 3 years | -46.71% | -27.01% | -19.70% |
Max Drawdown (5Y)Largest decline over 5 years | -84.82% | -27.23% | -57.59% |
Max Drawdown (10Y)Largest decline over 10 years | -84.82% | -32.81% | -52.01% |
Current DrawdownCurrent decline from peak | -39.53% | -17.00% | -22.53% |
Average DrawdownAverage peak-to-trough decline | -28.23% | -40.70% | +12.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.27% | 13.22% | +9.05% |
Volatility
SHOP vs. MSI - Volatility Comparison
Shopify Inc. (SHOP) has a higher volatility of 15.38% compared to Motorola Solutions, Inc. (MSI) at 7.28%. This indicates that SHOP's price experiences larger fluctuations and is considered to be riskier than MSI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SHOP | MSI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.38% | 7.28% | +8.10% |
Volatility (6M)Calculated over the trailing 6-month period | 43.41% | 19.70% | +23.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 57.03% | 23.76% | +33.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 65.55% | 23.06% | +42.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 59.07% | 25.15% | +33.92% |
Dividends
SHOP vs. MSI - Dividend Comparison
SHOP has not paid dividends to shareholders, while MSI's dividend yield for the trailing twelve months is around 1.12%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MSI Motorola Solutions, Inc. | 0.85% | 1.17% | 0.87% | 1.16% | 1.26% | 1.07% | 1.55% | 1.46% | 1.85% | 2.14% | 2.05% | 2.09% |
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. MSI - Financials Comparison
This section allows you to compare key financial metrics between Shopify Inc. and Motorola Solutions, 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 MSI 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 MSI (7.28%). In terms of maximum drawdown, SHOP dropped -84.82% vs MSI's -93.60%.
MSI currently has the higher Sharpe Ratio (0.04 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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