SHOP monthly performance report
Explore SHOP's monthly returns, drawdown, and seasonality trends — updated every month.
SHOP monthly report
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Key takeaways
- Shopify (SHOP) closed November 2026 at $147.09, down 6.60% for the month and +0.51% over the trailing 12 months.
- Year-to-date, SHOP is −8.62%, underperforming the S&P 500 which has returned +10.62% YTD.
- The stock is trading +12.91% versus its 200-day moving average ($130.27), a bullish technical signal.
- Over the past three years, SHOP has outperformed the S&P 500 by +64.57%, with a relative strength index reading of 137.7.
- Win rate over the trailing 39 months stands at 53.8% — 21 positive months versus 18 negative months.
Shopify ended November 2026 at $147.09, posting a monthly return of −6.60%. The S&P 500 returned −0.18% over the same window, leaving relative performance at −6.42%.
The current quarter stands at −0.82% (Q4 2026 (QTD)), while medium-term trend remains constructive: price is +12.91% versus the 200-day moving average ($130.27).
Year-to-date, SHOP is −8.62% against SPY +10.62%, a gap of −19.25%. The stock is currently −18.67% below its 52-week high, with maximum 3-year drawdown at −46.71%.
| Period | SHOP | S&P 500 (SPY) | Excess return |
|---|---|---|---|
| 1 Day | +0.21% | −0.36% | +0.57% |
| 1 Week | −1.22% | +2.59% | −3.82% |
| 1 Month | −6.60% | −0.18% | −6.42% |
| 3 Months | −1.05% | −2.37% | +1.32% |
| 6 Months | +54.18% | +0.83% | +53.35% |
| YTD | −8.62% | +10.62% | −19.25% |
| 12 Months | +0.51% | +12.25% | −11.74% |
| 3 Years | +135.95% | +71.37% | +64.57% |
| Rank | Month | Return |
|---|---|---|
| #1 | Nov 2023 | +54.31% |
| #2 | Nov 2024 | +47.81% |
| #3 | Aug 2026 | +25.80% |
| #4 | Aug 2024 | +21.03% |
| #5 | Oct 2025 | +16.99% |
| Rank | Month | Return |
|---|---|---|
| #1 | Jan 2026 | −18.48% |
| #2 | Sep 2023 | −17.93% |
| #3 | May 2024 | −15.74% |
| #4 | Mar 2025 | −14.75% |
| #5 | Oct 2023 | −13.52% |
| Quarter | Return |
|---|---|
| Q3 2025 | +28.83% |
| Q4 2025 | +8.32% |
| Q1 2026 | −26.31% |
| Q2 2026 | −3.74% |
| Q3 2026 | +29.88% |
| Q4 2026 (QTD) | −0.82% |
| Year | Return |
|---|---|
| 2023 | +124.43% |
| 2024 | +36.50% |
| 2025 | +51.39% |
| 2026 | −8.62% |
| Metric | Value |
|---|---|
| 52-Week High | $180.86 (2026-10-12) |
| 52-Week Low | $94.00 (2026-05-14) |
| Current Price | $147.09 |
| 200-Day Moving Average | $130.27 |
| Price vs 200DMA | +12.91% |
| 3-Year Maximum Drawdown | −46.71% (2026-05-13) |
| Current Drawdown from 52W High | −18.67% |
| RS metric | Value |
|---|---|
| RS Index (3-year, rebased to 100) | 137.7 |
| 3-Year Excess Return vs S&P 500 | +64.57% |
| RS Peak | 183.9 (Oct 2025) |
| RS Trough | 71.3 (Aug 2024) |
| Status | Outperforming Benchmark |
Frequently asked questions
What was SHOP's return for this report period?
SHOP returned −6.60% in the latest monthly window ending 2026-11-13.
Has SHOP outperformed SPY year to date?
YTD SHOP: −8.62% vs SPY: +10.62%.
What is SHOP's 12-month return?
+0.51% over the trailing 12 months.
Is SHOP above or below its 200-day moving average?
Price is +12.91% versus 200DMA ($130.27).
What is the maximum drawdown in the 3-year window?
−46.71% on 2026-05-13.