SHOP vs. SOL-USD
SHOP (Shopify Inc.) is a stock, while SOL-USD (Solana) is a cryptocurrency. Over the past 5 years, SHOP returned -4.53%/yr vs 23.94%/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 -22.67% return, which is significantly higher than SOL-USD's -37.28% return.
SHOP
- 1D
- 0.74%
- 1M
- 14.36%
- 6M
- -20.11%
- YTD
- -22.67%
- 1Y
- -2.04%
- 3Y*
- 23.82%
- 5Y*
- -4.53%
- 10Y*
- 43.82%
- ALL TIME*
- 40.48%
SOL-USD
- 1D
- 2.27%
- 1M
- 6.73%
- 6M
- -41.47%
- YTD
- -37.28%
- 1Y
- -57.00%
- 3Y*
- 45.16%
- 5Y*
- 23.94%
- 10Y*
- —
- ALL TIME*
- 106.21%
SHOP vs. SOL-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SHOP Shopify Inc. | -22.67% | 51.39% | 36.50% | 124.43% | -74.80% | 21.68% | 170.97% |
SOL-USD Solana | -37.28% | -34.09% | 85.68% | 919.96% | -94.13% | 11,143.63% | 81.60% |
Correlation
The correlation between SHOP and SOL-USD is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Apr 10, 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.
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 | SOL-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.76 | ||
| Sortino ratioReturn per unit of downside risk | +1.50 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 0.89 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | -0.04 | -0.76 | +0.72 |
| Martin ratioReturn relative to average drawdown | -0.08 | -1.11 | +1.02 |
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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% | -76.28% | +29.57% |
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 | -30.46% | -70.20% | +39.74% |
Average DrawdownAverage peak-to-trough decline | -28.28% | -51.74% | +23.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 24.67% | 39.56% | -14.89% |
Volatility
SHOP vs. SOL-USD - Volatility Comparison
The current volatility for Shopify Inc. (SHOP) is 11.63%, while Solana (SOL-USD) has a volatility of 13.99%. This indicates that SHOP experiences smaller price fluctuations and is considered to be less risky 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 | 11.63% | 13.99% | -2.36% |
Volatility (6M)Calculated over the trailing 6-month period | 44.06% | 47.47% | -3.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 57.17% | 59.38% | -2.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 65.63% | 81.14% | -15.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 59.05% | 99.16% | -40.11% |
Frequently Asked Questions
SHOP and SOL-USD have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SOL-USD has higher volatility (13.99%) compared to SHOP (11.63%). In terms of maximum drawdown, SHOP dropped -84.82% vs SOL-USD's -96.27%.
SHOP currently has the higher Sharpe Ratio (-0.04 vs -0.80), 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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