SHOP vs. XUS.TO
SHOP (Shopify Inc.) is a stock, while XUS.TO (iShares Core S&P 500 Index ETF) is S&P 500 fund tracking the S&P 500 Index. Over the past 10 years, SHOP returned 43.59%/yr vs 16.59%/yr for XUS.TO. At a 0.40 correlation, their price movements are largely independent.
Performance
SHOP vs. XUS.TO - Performance Comparison
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Different Trading Currencies
SHOP is traded in USD, while XUS.TO is traded in CAD. To make them comparable, the XUS.TO values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, SHOP achieves a -32.76% return, which is significantly lower than XUS.TO's 8.85% return. Over the past 10 years, SHOP has outperformed XUS.TO with an annualized return of 43.59%, while XUS.TO has yielded a comparatively lower 16.59% annualized return.
SHOP
- 1D
- -2.02%
- 1M
- 7.94%
- YTD
- -32.76%
- 6M
- -34.08%
- 1Y
- 2.75%
- 3Y*
- 19.24%
- 5Y*
- -2.79%
- 10Y*
- 43.59%
XUS.TO
- 1D
- 0.52%
- 1M
- 0.24%
- YTD
- 8.85%
- 6M
- 9.45%
- 1Y
- 25.75%
- 3Y*
- 21.56%
- 5Y*
- 14.00%
- 10Y*
- 16.59%
SHOP vs. XUS.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SHOP Shopify Inc. | -32.76% | 51.39% | 36.50% | 124.43% | -74.80% | 21.68% | 184.71% | 187.17% | 37.08% | 135.60% |
XUS.TO iShares Core S&P 500 Index ETF | 8.85% | 17.55% | 25.21% | 27.91% | -16.61% | 28.87% | 20.07% | 32.71% | -3.04% | 23.69% |
Correlation
The correlation between SHOP and XUS.TO is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.43 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.50 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.53 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.42 |
Correlation (All Time) Calculated using the full available price history since May 21, 2015 | 0.40 |
The correlation between SHOP and XUS.TO shifts across timeframes, from 0.40 (all time) to 0.53 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
SHOP vs. XUS.TO — Risk / Return Rank
SHOP
XUS.TO
SHOP vs. XUS.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Shopify Inc. (SHOP) and iShares Core S&P 500 Index ETF (XUS.TO). 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 | XUS.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.94 | ||
| Sortino ratioReturn per unit of downside risk | -2.23 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.35 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | -0.02 | 2.76 | -2.78 |
| Martin ratioReturn relative to average drawdown | -0.04 | 11.94 | -11.98 |
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Drawdowns
SHOP vs. XUS.TO - Drawdown Comparison
The maximum SHOP drawdown since its inception was -84.82%, which is greater than XUS.TO's maximum drawdown of -33.38%. Use the drawdown chart below to compare losses from any high point for SHOP and XUS.TO.
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Drawdown Indicators
| SHOP | XUS.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -84.82% | -33.38% | -51.44% |
Max Drawdown (1Y)Largest decline over 1 year | -46.71% | -9.04% | -37.67% |
Max Drawdown (3Y)Largest decline over 3 years | -46.71% | -18.85% | -27.86% |
Max Drawdown (5Y)Largest decline over 5 years | -84.82% | -23.78% | -61.04% |
Max Drawdown (10Y)Largest decline over 10 years | -84.82% | -33.38% | -51.44% |
Current DrawdownCurrent decline from peak | -39.53% | -2.43% | -37.10% |
Average DrawdownAverage peak-to-trough decline | -28.23% | -3.74% | -24.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.27% | 2.08% | +20.19% |
Volatility
SHOP vs. XUS.TO - Volatility Comparison
Shopify Inc. (SHOP) has a higher volatility of 15.38% compared to iShares Core S&P 500 Index ETF (XUS.TO) at 4.55%. This indicates that SHOP's price experiences larger fluctuations and is considered to be riskier than XUS.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SHOP | XUS.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.38% | 4.55% | +10.83% |
Volatility (6M)Calculated over the trailing 6-month period | 43.41% | 9.83% | +33.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 57.03% | 12.93% | +44.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 65.55% | 16.17% | +49.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 59.07% | 17.67% | +41.40% |
Dividends
SHOP vs. XUS.TO - Dividend Comparison
SHOP has not paid dividends to shareholders, while XUS.TO's dividend yield for the trailing twelve months is around 1.13%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% |
XUS.TO iShares Core S&P 500 Index ETF | 1.13% | 1.26% | 1.45% | 2.43% | 2.76% | 1.99% | 2.70% | 4.05% | 3.55% | 2.96% | 3.32% | 3.41% |
Frequently Asked Questions
SHOP and XUS.TO have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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