SOL-USD vs. SHOP
SOL-USD (Solana) is a cryptocurrency, while SHOP (Shopify Inc.) is a stock. Over the past 5 years, SOL-USD returned 9.25%/yr vs -1.84%/yr for SHOP. At a 0.21 correlation, their price movements are largely independent.
Performance
SOL-USD vs. SHOP - Performance Comparison
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Returns By Period
In the year-to-date period, SOL-USD achieves a -47.43% return, which is significantly lower than SHOP's -31.18% return.
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
- 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 vs. SHOP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SOL-USD Solana | -47.43% | -34.09% | 85.68% | 919.96% | -94.13% | 11,143.63% | 58.87% |
SHOP Shopify Inc. | -31.18% | 51.39% | 36.50% | 124.43% | -74.80% | 21.68% | 170.97% |
Correlation
The correlation between SOL-USD and SHOP 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
SOL-USD vs. SHOP — Risk / Return Rank
SOL-USD
SHOP
SOL-USD vs. SHOP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Solana (SOL-USD) and Shopify Inc. (SHOP). 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.
| SOL-USD | SHOP | 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 | 0.89 | 1.05 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | -0.76 | -0.01 | -0.75 |
| Martin ratioReturn relative to average drawdown | -1.25 | -0.03 | -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
| SOL-USD | SHOP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.79 | -0.01 | -0.78 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.09 | -0.03 | +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 | 0.82 | 0.69 | +0.13 |
Drawdowns
SOL-USD vs. SHOP - Drawdown Comparison
The maximum SOL-USD drawdown since its inception was -96.27%, which is greater than SHOP's maximum drawdown of -84.82%. Use the drawdown chart below to compare losses from any high point for SOL-USD and SHOP.
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Drawdown Indicators
| SOL-USD | SHOP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.27% | -84.82% | -11.45% |
Max Drawdown (1Y)Largest decline over 1 year | -74.89% | -46.71% | -28.18% |
Max Drawdown (3Y)Largest decline over 3 years | -76.27% | -46.71% | -29.56% |
Max Drawdown (5Y)Largest decline over 5 years | -96.27% | -84.82% | -11.45% |
Max Drawdown (10Y)Largest decline over 10 years | — | -84.82% | — |
Current DrawdownCurrent decline from peak | -75.03% | -38.12% | -36.91% |
Average DrawdownAverage peak-to-trough decline | -51.39% | -28.22% | -23.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 52.53% | 21.74% | +30.79% |
Volatility
SOL-USD vs. SHOP - Volatility Comparison
The current volatility for Solana (SOL-USD) is 16.77%, while Shopify Inc. (SHOP) has a volatility of 17.86%. This indicates that SOL-USD experiences smaller price fluctuations and is considered to be less risky than SHOP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SOL-USD | SHOP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.77% | 17.86% | -1.09% |
Volatility (6M)Calculated over the trailing 6-month period | 46.54% | 43.67% | +2.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 60.20% | 57.27% | +2.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 82.48% | 65.57% | +16.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 99.82% | 59.09% | +40.73% |
Frequently Asked Questions
SOL-USD and SHOP 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, SOL-USD dropped -96.27% vs SHOP's -84.82%.
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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