WDAY vs. SHOP
WDAY (Workday, Inc.) and SHOP (Shopify Inc.) are both stocks. Both operate in the Software - Application industry within the Technology sector. Over the past 10 years, WDAY returned 7.15%/yr vs 42.67%/yr for SHOP. Their 0.50 correlation means they have sometimes moved together and sometimes differently.
Performance
WDAY vs. SHOP - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, WDAY achieves a -25.35% return, which is significantly higher than SHOP's -27.22% return. Over the past 10 years, WDAY has underperformed SHOP with an annualized return of 7.15%, while SHOP has yielded a comparatively higher 42.67% annualized return.
WDAY
- 1D
- 1.41%
- 1M
- 23.08%
- 6M
- -8.71%
- YTD
- -25.35%
- 1Y
- -30.10%
- 3Y*
- -12.56%
- 5Y*
- -7.31%
- 10Y*
- 7.15%
- ALL TIME*
- 9.13%
SHOP
- 1D
- -4.29%
- 1M
- -3.68%
- 6M
- -10.73%
- YTD
- -27.22%
- 1Y
- -4.14%
- 3Y*
- 20.20%
- 5Y*
- -4.82%
- 10Y*
- 42.67%
- ALL TIME*
- 39.59%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
SHOP Shopify Inc. | $1.12B | $980.06M | $1.18B |
WDAY Workday, Inc. | $770.79M | $685.96M | $691.12M |
WDAY vs. SHOP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WDAY Workday, Inc. | -25.35% | -16.76% | -6.53% | 64.98% | -38.75% | 14.01% | 45.70% | 2.99% | 56.95% | 53.94% |
SHOP Shopify Inc. | -27.22% | 51.39% | 36.50% | 124.43% | -74.80% | 21.68% | 184.71% | 187.17% | 37.08% | 135.60% |
Correlation
The correlation between WDAY and SHOP is 0.41, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.41 |
Correlation (3Y) Balances recent behavior with more history. | 0.43 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.51 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.52 |
Correlation (All Time) Calculated using the full available price history since May 21, 2015 | 0.50 |
The correlation between WDAY and SHOP shifts across timeframes, from 0.41 (1 year) to 0.52 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
WDAY:
$42.00B
SHOP:
$152.02B
WDAY:
$3.23
SHOP:
$1.02
WDAY:
49.69
SHOP:
114.96
WDAY:
0.03
SHOP:
0.22
WDAY:
4.27
SHOP:
16.65
WDAY:
6.10
SHOP:
12.21
WDAY:
$9.85B
SHOP:
$9.20B
WDAY:
$7.66B
SHOP:
$5.93B
WDAY:
$1.57B
SHOP:
$1.60B
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
WDAY vs. SHOP — Risk / Return Rank
WDAY
SHOP
WDAY vs. SHOP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Workday, Inc. (WDAY) 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.
| WDAY | SHOP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.54 | ||
| Sortino ratioReturn per unit of downside risk | -1.01 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 1.04 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | -0.55 | -0.09 | -0.46 |
| Martin ratioReturn relative to average drawdown | -0.90 | -0.16 | -0.74 |
Loading charts...
Drawdowns
WDAY vs. SHOP - Drawdown Comparison
The maximum WDAY drawdown since its inception was -63.38%, smaller than the maximum SHOP drawdown of -84.82%. Use the drawdown chart below to compare losses from any high point for WDAY and SHOP.
Loading charts...
Drawdown Indicators
| WDAY | SHOP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.38% | -84.82% | +21.44% |
Max Drawdown (1Y)Largest decline over 1 year | -54.58% | -46.71% | -7.87% |
Max Drawdown (3Y)Largest decline over 3 years | -63.38% | -46.71% | -16.67% |
Max Drawdown (5Y)Largest decline over 5 years | -63.38% | -84.82% | +21.44% |
Max Drawdown (10Y)Largest decline over 10 years | -63.38% | -84.82% | +21.44% |
Current DrawdownCurrent decline from peak | -47.81% | -34.56% | -13.25% |
Average DrawdownAverage peak-to-trough decline | -21.29% | -28.29% | +7.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 33.34% | 25.40% | +7.94% |
Volatility
WDAY vs. SHOP - Volatility Comparison
Workday, Inc. (WDAY) has a higher volatility of 19.91% compared to Shopify Inc. (SHOP) at 16.38%. This indicates that WDAY's price experiences larger fluctuations and is considered to be riskier than SHOP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| WDAY | SHOP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.91% | 16.38% | +3.53% |
Volatility (6M)Calculated over the trailing 6-month period | 43.24% | 45.57% | -2.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 49.57% | 58.84% | -9.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 40.40% | 65.90% | -25.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 39.45% | 59.22% | -19.77% |
Dividends
WDAY vs. SHOP - Dividend Comparison
Neither WDAY nor SHOP has paid dividends to shareholders.
Financials
WDAY vs. SHOP - Financials Comparison
This section allows you to compare key financial metrics between Workday, Inc. and Shopify Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
Frequently Asked Questions
WDAY and SHOP have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WDAY has higher volatility (19.91%) compared to SHOP (16.38%). In terms of maximum drawdown, WDAY dropped -63.38% vs SHOP's -84.82%.
SHOP currently has the higher Sharpe Ratio (-0.07 vs -0.61), 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.
Find the right allocation for WDAY and SHOP
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer