SHOP vs. USFR
SHOP (Shopify Inc.) is a stock, while USFR (WisdomTree Floating Rate Treasury Fund) is Government Bonds fund tracking the Bloomberg U.S. Treasury Floating Rate Bond Index. Over the past 10 years, SHOP returned 44.35%/yr vs 2.43%/yr for USFR. At a correlation of -0.01, they often move in opposite directions.
Performance
SHOP vs. USFR - Performance Comparison
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Returns By Period
In the year-to-date period, SHOP achieves a -29.07% return, which is significantly lower than USFR's 1.82% return. Over the past 10 years, SHOP has outperformed USFR with an annualized return of 44.35%, while USFR has yielded a comparatively lower 2.43% annualized return.
SHOP
- 1D
- 6.03%
- 1M
- 10.84%
- YTD
- -29.07%
- 6M
- -32.62%
- 1Y
- -0.22%
- 3Y*
- 21.41%
- 5Y*
- -4.97%
- 10Y*
- 44.35%
USFR
- 1D
- 0.00%
- 1M
- 0.33%
- YTD
- 1.82%
- 6M
- 1.92%
- 1Y
- 3.99%
- 3Y*
- 4.74%
- 5Y*
- 3.72%
- 10Y*
- 2.43%
SHOP vs. USFR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SHOP Shopify Inc. | -29.07% | 51.39% | 36.50% | 124.43% | -74.80% | 21.68% | 184.71% | 187.17% | 37.08% | 135.60% |
USFR WisdomTree Floating Rate Treasury Fund | 1.82% | 4.23% | 5.47% | 5.18% | 1.98% | -0.03% | 0.56% | 2.02% | 2.01% | 1.03% |
Correlation
The correlation between SHOP and USFR is -0.09, 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 | -0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.04 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.02 |
Correlation (All Time) Calculated using the full available price history since May 21, 2015 | -0.01 |
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Return for Risk
SHOP vs. USFR — Risk / Return Rank
SHOP
USFR
SHOP vs. USFR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Shopify Inc. (SHOP) and WisdomTree Floating Rate Treasury Fund (USFR). 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 | USFR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -14.67 | ||
| Sortino ratioReturn per unit of downside risk | -49.72 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 13.31 | -12.26 |
| Calmar ratioReturn relative to maximum drawdown | -0.00 | 201.33 | -201.34 |
| Martin ratioReturn relative to average drawdown | -0.01 | 779.76 | -779.77 |
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Drawdowns
SHOP vs. USFR - Drawdown Comparison
The maximum SHOP drawdown since its inception was -84.82%, which is greater than USFR's maximum drawdown of -1.36%. Use the drawdown chart below to compare losses from any high point for SHOP and USFR.
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Drawdown Indicators
| SHOP | USFR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -84.82% | -1.36% | -83.46% |
Max Drawdown (1Y)Largest decline over 1 year | -46.71% | -0.02% | -46.69% |
Max Drawdown (3Y)Largest decline over 3 years | -46.71% | -0.06% | -46.65% |
Max Drawdown (5Y)Largest decline over 5 years | -84.82% | -0.18% | -84.64% |
Max Drawdown (10Y)Largest decline over 10 years | -84.82% | -0.80% | -84.02% |
Current DrawdownCurrent decline from peak | -36.22% | 0.00% | -36.22% |
Average DrawdownAverage peak-to-trough decline | -28.25% | -0.15% | -28.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 23.17% | 0.01% | +23.16% |
Volatility
SHOP vs. USFR - Volatility Comparison
Shopify Inc. (SHOP) has a higher volatility of 16.61% compared to WisdomTree Floating Rate Treasury Fund (USFR) at 0.09%. This indicates that SHOP's price experiences larger fluctuations and is considered to be riskier than USFR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SHOP | USFR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.61% | 0.09% | +16.52% |
Volatility (6M)Calculated over the trailing 6-month period | 43.94% | 0.19% | +43.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 57.19% | 0.27% | +56.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 65.60% | 0.40% | +65.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 59.07% | 0.78% | +58.29% |
Dividends
SHOP vs. USFR - Dividend Comparison
SHOP has not paid dividends to shareholders, while USFR's dividend yield for the trailing twelve months is around 3.90%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
USFR WisdomTree Floating Rate Treasury Fund | 3.90% | 4.15% | 5.17% | 5.12% | 1.78% | 0.01% | 0.40% | 2.08% | 1.67% | 1.03% | 0.29% |
Frequently Asked Questions
SHOP and USFR have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SHOP has higher volatility (16.61%) compared to USFR (0.09%). In terms of maximum drawdown, SHOP dropped -84.82% vs USFR's -1.36%.
USFR currently has the higher Sharpe Ratio (14.67 vs -0.00), 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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