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 30.81%/yr vs 44.82%/yr for SHOP. At a 0.07 correlation, their price movements are largely independent.
Performance
WDO.TO vs. SHOP - Performance Comparison
Loading charts...
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 11.61% return, which is significantly higher than SHOP's -31.39% return. Over the past 10 years, WDO.TO has underperformed SHOP with an annualized return of 30.81%, while SHOP has yielded a comparatively higher 44.82% annualized return.
WDO.TO
- 1D
- 3.21%
- 1M
- -6.48%
- YTD
- 11.61%
- 6M
- 12.50%
- 1Y
- 26.33%
- 3Y*
- 51.49%
- 5Y*
- 15.05%
- 10Y*
- 30.81%
SHOP
- 1D
- -1.84%
- 1M
- 13.28%
- YTD
- -31.39%
- 6M
- -33.14%
- 1Y
- 5.59%
- 3Y*
- 21.03%
- 5Y*
- 0.06%
- 10Y*
- 44.82%
WDO.TO vs. SHOP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WDO.TO Wesdome Gold Mines Ltd. | 11.61% | 76.14% | 67.44% | 3.07% | -35.01% | 8.38% | 4.42% | 129.57% | 109.95% | 0.96% |
SHOP Shopify Inc. | -31.39% | 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 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.09 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.10 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since May 21, 2015 | 0.07 |
Fundamentals
WDO.TO:
CA$3.84B
SHOP:
$141.08B
WDO.TO:
CA$2.68
SHOP:
$1.02
WDO.TO:
9.47
SHOP:
106.25
WDO.TO:
0.11
SHOP:
0.20
WDO.TO:
3.74
SHOP:
15.39
WDO.TO:
3.77
SHOP:
11.29
WDO.TO:
CA$1.03B
SHOP:
$9.20B
WDO.TO:
CA$636.67M
SHOP:
$5.93B
WDO.TO:
CA$694.56M
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
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 | +0.52 | ||
| Sortino ratioReturn per unit of downside risk | +0.59 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.05 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.12 | 0.03 | +1.09 |
| Martin ratioReturn relative to average drawdown | 2.51 | 0.06 | +2.45 |
Loading charts...
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.
Loading charts...
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 | -18.02% | -39.60% | +21.58% |
Average DrawdownAverage peak-to-trough decline | -35.24% | -27.08% | -8.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.33% | 23.01% | -11.68% |
Volatility
WDO.TO vs. SHOP - Volatility Comparison
Wesdome Gold Mines Ltd. (WDO.TO) has a higher volatility of 21.04% compared to Shopify Inc. (SHOP) at 15.38%. This indicates that WDO.TO'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
| WDO.TO | SHOP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 21.04% | 15.38% | +5.66% |
Volatility (6M)Calculated over the trailing 6-month period | 41.78% | 43.25% | -1.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 52.05% | 56.94% | -4.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 47.93% | 65.55% | -17.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 53.26% | 59.30% | -6.04% |
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 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Find the right allocation for WDO.TO 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