SHOP vs. QTWO
SHOP (Shopify Inc.) and QTWO (Q2 Holdings, Inc.) are both stocks. Both operate in the Software - Application industry within the Technology sector. Over the past 10 years, SHOP returned 44.31%/yr vs 5.15%/yr for QTWO. At a 0.46 correlation, their price movements are largely independent.
Performance
SHOP vs. QTWO - Performance Comparison
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Returns By Period
In the year-to-date period, SHOP achieves a -31.18% return, which is significantly higher than QTWO's -37.89% return. Over the past 10 years, SHOP has outperformed QTWO with an annualized return of 44.31%, while QTWO has yielded a comparatively lower 5.15% annualized return.
SHOP
- 1D
- 1.13%
- 1M
- 0.34%
- YTD
- -31.18%
- 6M
- -30.07%
- 1Y
- -0.57%
- 3Y*
- 21.77%
- 5Y*
- -1.84%
- 10Y*
- 44.31%
QTWO
- 1D
- -1.95%
- 1M
- -10.59%
- YTD
- -37.89%
- 6M
- -39.02%
- 1Y
- -50.89%
- 3Y*
- 17.10%
- 5Y*
- -13.94%
- 10Y*
- 5.15%
SHOP vs. QTWO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SHOP Shopify Inc. | -31.18% | 51.39% | 36.50% | 124.43% | -74.80% | 21.68% | 184.71% | 187.17% | 37.08% | 135.60% |
QTWO Q2 Holdings, Inc. | -37.89% | -28.31% | 131.86% | 61.56% | -66.18% | -37.22% | 56.06% | 63.63% | 34.46% | 27.73% |
Correlation
The correlation between SHOP and QTWO is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.47 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.56 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since May 22, 2015 | 0.46 |
The correlation between SHOP and QTWO shifts across timeframes, from 0.37 (1 year) to 0.56 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
SHOP:
$144.39B
QTWO:
$3.03B
SHOP:
$1.02
QTWO:
$1.07
SHOP:
108.75
QTWO:
41.78
SHOP:
15.75
QTWO:
3.76
SHOP:
11.55
QTWO:
4.96
SHOP:
$9.20B
QTWO:
$821.58M
SHOP:
$5.93B
QTWO:
$456.61M
SHOP:
$1.60B
QTWO:
$105.55M
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Return for Risk
SHOP vs. QTWO — Risk / Return Rank
SHOP
QTWO
SHOP vs. QTWO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Shopify Inc. (SHOP) and Q2 Holdings, Inc. (QTWO). 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 | QTWO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.15 | ||
| Sortino ratioReturn per unit of downside risk | +2.28 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 0.78 | +0.27 |
| Calmar ratioReturn relative to maximum drawdown | -0.01 | -0.96 | +0.95 |
| Martin ratioReturn relative to average drawdown | -0.03 | -1.51 | +1.48 |
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 | QTWO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.01 | -1.16 | +1.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.03 | -0.28 | +0.25 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.75 | 0.12 | +0.64 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.69 | 0.21 | +0.48 |
Drawdowns
SHOP vs. QTWO - Drawdown Comparison
The maximum SHOP drawdown since its inception was -84.82%, roughly equal to the maximum QTWO drawdown of -85.77%. Use the drawdown chart below to compare losses from any high point for SHOP and QTWO.
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Drawdown Indicators
| SHOP | QTWO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -84.82% | -85.77% | +0.95% |
Max Drawdown (1Y)Largest decline over 1 year | -46.71% | -53.08% | +6.37% |
Max Drawdown (3Y)Largest decline over 3 years | -46.71% | -59.68% | +12.97% |
Max Drawdown (5Y)Largest decline over 5 years | -84.82% | -80.69% | -4.13% |
Max Drawdown (10Y)Largest decline over 10 years | -84.82% | -85.77% | +0.95% |
Current DrawdownCurrent decline from peak | -38.12% | -69.45% | +31.33% |
Average DrawdownAverage peak-to-trough decline | -28.22% | -30.20% | +1.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 21.74% | 33.84% | -12.10% |
Volatility
SHOP vs. QTWO - Volatility Comparison
Shopify Inc. (SHOP) and Q2 Holdings, Inc. (QTWO) have volatilities of 17.86% and 18.44%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SHOP | QTWO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.86% | 18.44% | -0.58% |
Volatility (6M)Calculated over the trailing 6-month period | 43.67% | 32.97% | +10.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 57.27% | 44.22% | +13.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 65.57% | 50.12% | +15.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 59.09% | 44.29% | +14.80% |
Dividends
SHOP vs. QTWO - Dividend Comparison
Neither SHOP nor QTWO has paid dividends to shareholders.
Financials
SHOP vs. QTWO - Financials Comparison
This section allows you to compare key financial metrics between Shopify Inc. and Q2 Holdings, 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 QTWO have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QTWO has higher volatility (18.44%) compared to SHOP (17.86%). In terms of maximum drawdown, SHOP dropped -84.82% vs QTWO's -85.77%.
SHOP currently has the higher Sharpe Ratio (-0.01 vs -1.16), 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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