SHOP vs. SOL-USD
SHOP (Shopify Inc.) is a stock, while SOL-USD (Solana) is a cryptocurrency. Over the past 5 years, SHOP returned -1.84%/yr vs 9.25%/yr for SOL-USD. At a 0.21 correlation, their price movements are largely independent.
Performance
SHOP vs. SOL-USD - 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 SOL-USD's -47.43% 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%
SOL-USD
- 1D
- -1.56%
- 1M
- -29.74%
- YTD
- -47.43%
- 6M
- -50.92%
- 1Y
- -57.11%
- 3Y*
- 55.50%
- 5Y*
- 9.25%
- 10Y*
- —
SHOP vs. SOL-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SHOP Shopify Inc. | -31.18% | 51.39% | 36.50% | 124.43% | -74.80% | 21.68% | 170.97% |
SOL-USD Solana | -47.43% | -34.09% | 85.68% | 919.96% | -94.13% | 11,143.63% | 58.87% |
Correlation
The correlation between SHOP and SOL-USD is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Apr 11, 2020 | 0.21 |
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Return for Risk
SHOP vs. SOL-USD — Risk / Return Rank
SHOP
SOL-USD
SHOP vs. SOL-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Shopify Inc. (SHOP) and Solana (SOL-USD). 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 | SOL-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.78 | ||
| Sortino ratioReturn per unit of downside risk | +1.51 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 0.89 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | -0.01 | -0.76 | +0.75 |
| Martin ratioReturn relative to average drawdown | -0.03 | -1.25 | +1.22 |
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 | SOL-USD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.01 | -0.79 | +0.78 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.03 | 0.09 | -0.12 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.75 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.69 | 0.82 | -0.13 |
Drawdowns
SHOP vs. SOL-USD - Drawdown Comparison
The maximum SHOP drawdown since its inception was -84.82%, smaller than the maximum SOL-USD drawdown of -96.27%. Use the drawdown chart below to compare losses from any high point for SHOP and SOL-USD.
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Drawdown Indicators
| SHOP | SOL-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -84.82% | -96.27% | +11.45% |
Max Drawdown (1Y)Largest decline over 1 year | -46.71% | -74.89% | +28.18% |
Max Drawdown (3Y)Largest decline over 3 years | -46.71% | -76.27% | +29.56% |
Max Drawdown (5Y)Largest decline over 5 years | -84.82% | -96.27% | +11.45% |
Max Drawdown (10Y)Largest decline over 10 years | -84.82% | — | — |
Current DrawdownCurrent decline from peak | -38.12% | -75.03% | +36.91% |
Average DrawdownAverage peak-to-trough decline | -28.22% | -51.39% | +23.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 21.74% | 52.53% | -30.79% |
Volatility
SHOP vs. SOL-USD - Volatility Comparison
Shopify Inc. (SHOP) has a higher volatility of 17.86% compared to Solana (SOL-USD) at 16.77%. This indicates that SHOP's price experiences larger fluctuations and is considered to be riskier than SOL-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SHOP | SOL-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.86% | 16.77% | +1.09% |
Volatility (6M)Calculated over the trailing 6-month period | 43.67% | 46.54% | -2.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 57.27% | 60.20% | -2.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 65.57% | 82.48% | -16.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 59.09% | 99.82% | -40.73% |
Frequently Asked Questions
SHOP and SOL-USD have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SHOP has higher volatility (17.86%) compared to SOL-USD (16.77%). In terms of maximum drawdown, SHOP dropped -84.82% vs SOL-USD's -96.27%.
SHOP currently has the higher Sharpe Ratio (-0.01 vs -0.79), 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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