WDO.TO vs. SHOP
WDO.TO (Wesdome Gold Mines Ltd.) and SHOP (Shopify Inc.) are both stocks. WDO.TO operates in Gold (Basic Materials), while SHOP operates in Software - Application (Technology). Over the past 10 years, WDO.TO returned 30.05%/yr vs 43.61%/yr for SHOP. Their 0.07 correlation means their historical movements had little consistent relationship.
Performance
WDO.TO vs. SHOP - Performance Comparison
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Different Trading Currencies
WDO.TO is traded in CAD, while SHOP is traded in USD. To make them comparable, the SHOP values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, WDO.TO achieves a 14.38% return, which is significantly higher than SHOP's -25.54% return. Over the past 10 years, WDO.TO has underperformed SHOP with an annualized return of 30.05%, while SHOP has yielded a comparatively higher 43.61% annualized return.
WDO.TO
- 1D
- -3.09%
- 1M
- 6.82%
- 6M
- 16.69%
- YTD
- 14.38%
- 1Y
- 57.64%
- 3Y*
- 56.09%
- 5Y*
- 15.56%
- 10Y*
- 30.05%
- ALL TIME*
- 13.78%
SHOP
- 1D
- -4.46%
- 1M
- -5.00%
- 6M
- -7.29%
- YTD
- -25.54%
- 1Y
- -2.85%
- 3Y*
- 22.64%
- 5Y*
- -2.55%
- 10Y*
- 43.61%
- ALL TIME*
- 41.32%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
SHOP Shopify Inc. | CA$1.57B | CA$1.38B | CA$1.65B |
WDO.TO Wesdome Gold Mines Ltd. | CA$10.70M | CA$14.59M | CA$18.65M |
WDO.TO vs. SHOP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WDO.TO Wesdome Gold Mines Ltd. | 14.38% | 76.14% | 67.44% | 3.07% | -35.01% | 8.38% | 4.42% | 129.57% | 109.95% | 0.96% |
SHOP Shopify Inc. | -25.54% | 44.48% | 48.05% | 119.09% | -73.20% | 21.62% | 177.95% | 175.33% | 48.60% | 119.64% |
Correlation
The correlation between WDO.TO and SHOP is 0.17, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.17 |
Correlation (3Y) Balances recent behavior with more history. | 0.08 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.11 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.08 |
Correlation (All Time) Calculated using the full available price history since May 21, 2015 | 0.07 |
The correlation between WDO.TO and SHOP shifts across timeframes, from 0.07 (all time) to 0.17 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
WDO.TO:
CA$3.86B
SHOP:
$152.02B
WDO.TO:
CA$2.68
SHOP:
$1.02
WDO.TO:
9.70
SHOP:
114.96
WDO.TO:
0.12
SHOP:
0.22
WDO.TO:
3.84
SHOP:
16.65
WDO.TO:
3.86
SHOP:
12.21
WDO.TO:
CA$1.03B
SHOP:
$9.20B
WDO.TO:
CA$636.67M
SHOP:
$5.93B
WDO.TO:
CA$694.56M
SHOP:
$1.60B
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Return for Risk
WDO.TO vs. SHOP — Risk / Return Rank
WDO.TO
SHOP
WDO.TO vs. SHOP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Wesdome Gold Mines Ltd. (WDO.TO) 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.
| WDO.TO | SHOP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.10 | ||
| Sortino ratioReturn per unit of downside risk | +1.23 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.04 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 2.28 | -0.06 | +2.34 |
| Martin ratioReturn relative to average drawdown | 4.94 | -0.11 | +5.05 |
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Drawdowns
WDO.TO vs. SHOP - Drawdown Comparison
The maximum WDO.TO drawdown since its inception was -89.14%, which is greater than SHOP's maximum drawdown of -83.40%. Use the drawdown chart below to compare losses from any high point for WDO.TO and SHOP.
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Drawdown Indicators
| WDO.TO | SHOP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -89.14% | -83.40% | -5.74% |
Max Drawdown (1Y)Largest decline over 1 year | -25.42% | -47.81% | +22.39% |
Max Drawdown (3Y)Largest decline over 3 years | -25.42% | -47.81% | +22.39% |
Max Drawdown (5Y)Largest decline over 5 years | -62.68% | -83.40% | +20.72% |
Max Drawdown (10Y)Largest decline over 10 years | -62.68% | -83.40% | +20.72% |
Current DrawdownCurrent decline from peak | -15.99% | -34.45% | +18.46% |
Average DrawdownAverage peak-to-trough decline | -35.28% | -27.14% | -8.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.70% | 25.95% | -14.25% |
Volatility
WDO.TO vs. SHOP - Volatility Comparison
The current volatility for Wesdome Gold Mines Ltd. (WDO.TO) is 15.67%, while Shopify Inc. (SHOP) has a volatility of 16.64%. This indicates that WDO.TO 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
| WDO.TO | SHOP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.67% | 16.64% | -0.97% |
Volatility (6M)Calculated over the trailing 6-month period | 43.22% | 45.45% | -2.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 55.07% | 58.73% | -3.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 48.64% | 65.92% | -17.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 53.18% | 59.48% | -6.30% |
Dividends
WDO.TO vs. SHOP - Dividend Comparison
Neither WDO.TO nor SHOP has paid dividends to shareholders.
Financials
WDO.TO vs. SHOP - Financials Comparison
This section allows you to compare key financial metrics between Wesdome Gold Mines Ltd. 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
WDO.TO and SHOP have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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