STNE vs. SHOP

Last updated Jun 13, 2026

STNE (StoneCo Ltd.) and SHOP (Shopify Inc.) are both stocks. Both operate in the Software - Application industry within the Technology sector. Over the past 5 years, STNE returned -26.45%/yr vs -2.79%/yr for SHOP. At a 0.43 correlation, their price movements are largely independent.

Performance

STNE vs. SHOP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in StoneCo Ltd. (STNE) and Shopify Inc. (SHOP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, STNE achieves a -7.84% return, which is significantly higher than SHOP's -32.76% return.

STNE

• 1D: 0.09%
• 1M: 16.20%
• YTD: -7.84%
• 6M: -12.12%
• 1Y: -2.22%
• 3Y*: 0.22%
• 5Y*: -26.45%
• 10Y*: —

SHOP

• 1D: -2.02%
• 1M: 13.46%
• YTD: -32.76%
• 6M: -34.08%
• 1Y: -0.89%
• 3Y*: 19.24%
• 5Y*: -2.79%
• 10Y*: 43.59%

*Multi-year figures are annualized to reflect compound growth (CAGR)

STNE vs. SHOP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
STNE StoneCo Ltd.	-7.84%	85.57%	-55.80%	91.00%	-44.01%	-79.91%	110.38%	116.32%	-42.37%
SHOP Shopify Inc.	-32.76%	51.39%	36.50%	124.43%	-74.80%	21.68%	184.71%	187.17%	13.23%

Correlation

The correlation between STNE and SHOP is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.40
Correlation (3Y) Calculated over the trailing 3-year period	0.40
Correlation (5Y) Calculated over the trailing 5-year period	0.49
Correlation (All Time) Calculated using the full available price history since Oct 25, 2018	0.43

Fundamentals

Market Cap STNE : $2.85B SHOP : $141.08B
EPS STNE : R$12.96 SHOP : $1.02
PE Ratio STNE : 4.43 SHOP : 106.25
PEG Ratio STNE : 0.06 SHOP : 0.20
PS Ratio STNE : 1.32 SHOP : 15.39
PB Ratio STNE : 1.20 SHOP : 11.29
Total Revenue (TTM) STNE : R$11.69B SHOP : $9.20B
Gross Profit (TTM) STNE : R$8.11B SHOP : $5.93B
EBITDA (TTM) STNE : R$3.75B SHOP : $1.60B

Return for Risk

STNE vs. SHOP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

STNE

STNE Risk / Return Rank: 40
STNE Sharpe Ratio Rank: 41
STNE Sortino Ratio Rank: 39
STNE Omega Ratio Rank: 39
STNE Calmar Ratio Rank: 41
STNE Martin Ratio Rank: 41

SHOP

SHOP Risk / Return Rank: 42
SHOP Sharpe Ratio Rank: 42
SHOP Sortino Ratio Rank: 41
SHOP Omega Ratio Rank: 41
SHOP Calmar Ratio Rank: 42
SHOP Martin Ratio Rank: 42

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

STNE vs. SHOP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for StoneCo Ltd. (STNE) 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.

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.

	STNE	SHOP	Difference
Sharpe ratio: Return per unit of total volatility	-0.04	-0.02	-0.03
Sortino ratio: Return per unit of downside risk	0.29	0.39	-0.10
Omega ratio: Gain probability vs. loss probability	1.04	1.05	-0.01
Calmar ratio: Return relative to maximum drawdown	-0.06	-0.02	-0.04
Martin ratio: Return relative to average drawdown	-0.11	-0.04	-0.07

STNE vs. SHOP - Sharpe Ratio Comparison

The current STNE Sharpe Ratio is -0.04, which is lower than the SHOP Sharpe Ratio of -0.02. The chart below compares the historical Sharpe Ratios of STNE and SHOP, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

STNE vs. SHOP - Drawdown Comparison

The maximum STNE drawdown since its inception was -92.31%, which is greater than SHOP's maximum drawdown of -84.82%. Use the drawdown chart below to compare losses from any high point for STNE and SHOP.

Drawdown Indicators

	STNE	SHOP	Difference
Max Drawdown Largest peak-to-trough decline	-92.31%	-84.82%	-7.49%
Max Drawdown (1Y) Largest decline over 1 year	-40.22%	-46.71%	+6.49%
Max Drawdown (3Y) Largest decline over 3 years	-57.64%	-46.71%	-10.93%
Max Drawdown (5Y) Largest decline over 5 years	-89.72%	-84.82%	-4.90%
Max Drawdown (10Y) Largest decline over 10 years	—	-84.82%	—
Current Drawdown Current decline from peak	-85.51%	-39.53%	-45.98%
Average Drawdown Average peak-to-trough decline	-61.22%	-28.23%	-32.99%
Ulcer Index Depth and duration of drawdowns from previous peaks	20.10%	22.27%	-2.17%

Volatility

STNE vs. SHOP - Volatility Comparison

The current volatility for StoneCo Ltd. (STNE) is 14.09%, while Shopify Inc. (SHOP) has a volatility of 15.38%. This indicates that STNE 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.

Volatility by Period

	STNE	SHOP	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.09%	15.38%	-1.29%
Volatility (6M) Calculated over the trailing 6-month period	39.14%	43.41%	-4.27%
Volatility (1Y) Calculated over the trailing 1-year period	51.30%	57.03%	-5.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	64.94%	65.55%	-0.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	67.40%	59.07%	+8.33%

Dividends

STNE vs. SHOP - Dividend Comparison

STNE's dividend yield for the trailing twelve months is around 22.47%, while SHOP has not paid dividends to shareholders.

Position	TTM
SHOP Shopify Inc.	0.00%
STNE StoneCo Ltd.	22.47%

Financials

Frequently Asked Questions

Can I hold both STNE and SHOP in my portfolio?

STNE and SHOP have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, STNE or SHOP?

SHOP has higher volatility (15.38%) compared to STNE (14.09%). In terms of maximum drawdown, STNE dropped -92.31% vs SHOP's -84.82%.

Which has better risk-adjusted returns?

SHOP currently has the higher Sharpe Ratio (-0.02 vs -0.04), 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.