SHOP vs. QFIN
SHOP (Shopify Inc.) and QFIN (360 DigiTech, Inc.) are both stocks. SHOP operates in Software - Application (Technology), while QFIN operates in Credit Services (Financial Services). Over the past 5 years, SHOP returned -2.79%/yr vs -12.03%/yr for QFIN. At a 0.31 correlation, their price movements are largely independent.
Performance
SHOP vs. QFIN - 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 QFIN's -15.31% 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%
QFIN
- 1D
- 2.67%
- 1M
- 17.56%
- YTD
- -15.31%
- 6M
- -17.62%
- 1Y
- -59.79%
- 3Y*
- 7.60%
- 5Y*
- -12.03%
- 10Y*
- —
SHOP vs. QFIN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
SHOP Shopify Inc. | -32.76% | 51.39% | 36.50% | 124.43% | -74.80% | 21.68% | 184.71% | 187.17% | -14.04% |
QFIN 360 DigiTech, Inc. | -15.31% | -47.46% | 162.76% | -16.28% | -6.54% | 97.15% | 20.68% | -36.99% | -7.75% |
Correlation
The correlation between SHOP and QFIN is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since Dec 14, 2018 | 0.31 |
The correlation between SHOP and QFIN shifts across timeframes, from 0.24 (3 years) to 0.36 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
SHOP:
$141.08B
QFIN:
$948.90M
SHOP:
$1.02
QFIN:
CN¥51.00
SHOP:
106.25
QFIN:
2.05
SHOP:
0.20
QFIN:
0.06
SHOP:
15.39
QFIN:
0.59
SHOP:
11.29
QFIN:
0.26
SHOP:
$9.20B
QFIN:
CN¥17.46B
SHOP:
$5.93B
QFIN:
CN¥12.90B
SHOP:
$1.60B
QFIN:
CN¥6.93B
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Return for Risk
SHOP vs. QFIN — Risk / Return Rank
SHOP
QFIN
SHOP vs. QFIN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Shopify Inc. (SHOP) and 360 DigiTech, Inc. (QFIN). 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 | QFIN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.08 | ||
| Sortino ratioReturn per unit of downside risk | +2.39 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 0.76 | +0.28 |
| Calmar ratioReturn relative to maximum drawdown | -0.02 | -0.83 | +0.81 |
| Martin ratioReturn relative to average drawdown | -0.04 | -1.13 | +1.09 |
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Drawdowns
SHOP vs. QFIN - Drawdown Comparison
The maximum SHOP drawdown since its inception was -84.82%, which is greater than QFIN's maximum drawdown of -76.74%. Use the drawdown chart below to compare losses from any high point for SHOP and QFIN.
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Drawdown Indicators
| SHOP | QFIN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -84.82% | -76.74% | -8.08% |
Max Drawdown (1Y)Largest decline over 1 year | -46.71% | -72.31% | +25.60% |
Max Drawdown (3Y)Largest decline over 3 years | -46.71% | -73.15% | +26.44% |
Max Drawdown (5Y)Largest decline over 5 years | -84.82% | -76.74% | -8.08% |
Max Drawdown (10Y)Largest decline over 10 years | -84.82% | — | — |
Current DrawdownCurrent decline from peak | -39.53% | -64.51% | +24.98% |
Average DrawdownAverage peak-to-trough decline | -28.23% | -45.54% | +17.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.27% | 53.01% | -30.74% |
Volatility
SHOP vs. QFIN - Volatility Comparison
The current volatility for Shopify Inc. (SHOP) is 15.38%, while 360 DigiTech, Inc. (QFIN) has a volatility of 29.45%. This indicates that SHOP experiences smaller price fluctuations and is considered to be less risky than QFIN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SHOP | QFIN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.38% | 29.45% | -14.07% |
Volatility (6M)Calculated over the trailing 6-month period | 43.41% | 38.71% | +4.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 57.03% | 55.12% | +1.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 65.55% | 66.39% | -0.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 59.07% | 72.04% | -12.97% |
Dividends
SHOP vs. QFIN - Dividend Comparison
SHOP has not paid dividends to shareholders, while QFIN's dividend yield for the trailing twelve months is around 10.00%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
QFIN 360 DigiTech, Inc. | 10.00% | 7.58% | 4.56% | 7.27% | 4.03% | 1.22% |
SHOP Shopify Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
SHOP vs. QFIN - Financials Comparison
This section allows you to compare key financial metrics between Shopify Inc. and 360 DigiTech, 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 QFIN have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QFIN has higher volatility (29.45%) compared to SHOP (15.38%). In terms of maximum drawdown, SHOP dropped -84.82% vs QFIN's -76.74%.
SHOP currently has the higher Sharpe Ratio (-0.02 vs -1.09), 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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