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SHOP correlations (Shopify Inc. - Class A Subordinate Voting Shares)

Every correlation that matters for SHOP: the assets it tracks, the ones that offset it, and where it sits among 4756 US stocks and ETFs.

Data as of 2026-08-27 · refreshed every trading day · US Listed

Volatility (ann.)

61.1%

3y weekly

Beta vs S&P 500

2.40

3y weekly

1-year return

+10.3%

price, adjusted

5-year return

-0.4%

price, adjusted

Market cap

$200.3B

latest

P/E ratio

102.2

trailing

Max drawdown

-46.7%

3y, daily closes

SHOP over the last 12 months, weekly closes indexed to 100 at the start.

Stocks and ETFs most correlated with SHOP

Asset		Correlation (3Y)
ARKK	ARK Innovation ETF	0.68
PLTR	Palantir Technologies	0.65
VUG	Vanguard Growth ETF	0.59
DASH	DoorDash	0.59
VTI	Vanguard Total Stock Market ETF	0.58

The least-correlated liquid assets in our universe, meaning the ones that historically moved most independently from SHOP.

Asset		Correlation (3Y)
FNGD	MicroSectors FANG Index -3X Inverse Leveraged ETNs due	-0.54
VXX	iPath Series B S&P 500 VIX Short-Term Futures ETN	-0.49
VXZ	iPath Series B S&P 500 VIX Mid-Term Futures ETN	-0.48

Free API · no key required

$ curl https://www.pairbook.io/api/v1/symbols/shop.json

Correlations, diversifiers, beta and volatility for SHOP, plus one endpoint per pair. API documentation.

ETF		SHOP weight
QQQ	Invesco QQQ Trust	0.81%
QQQM	Invesco Nasdaq 100 ETF	0.81%
VEA	Vanguard FTSE Developed Markets ETF	0.45%
ACWI	iShares MSCI ACWI ETF	0.18%
VT	Vanguard Total World Stock ETF	0.13%