Shopify Subordinate Voting Class A (SHOP)
SHOP · Information Technology · 
Canada
Shopify Subordinate Voting Class A (SHOP) is a Canadian company in the Information Technology sector. The stock has its largest weight in XNA1 (Nasdaq 100), at 0.87%. Anyone who holds an ETF containing Shopify Subordinate Voting also has an indirect stake in the company.
Data and Charts: Shopify Subordinate Voting
Key Data for Shopify Subordinate Voting
Shopify Subordinate Voting Stock Price Chart
The Shopify Subordinate Voting chart shows daily closing prices and is set to the current year by default. The stock is down 2.2% year to date and down 9.3% over twelve months. The last recorded close on October 30, 2026, was $157.49, at 74% of the 52-week range.
The chart shows the US listing in US dollars. On the home exchange the price can differ, since the currency and trading hours are different. For depositary receipts (ADRs), one receipt is not always one share.
Price series from our database since Sep 23, 2024, 529 daily values.
Shopify Subordinate Voting Stock Performance
| Year to date | -2.2% | 1 year | -9.3% |
|---|---|---|---|
| 1 month | +6.2% | 3 months | +34.4% |
| Calendar year 2025 | +51.4% |
Measured in euros, Shopify Subordinate Voting is up 2.9% year to date and down 6.2% over twelve months. The difference from the dollar figures above comes from the exchange rate alone. Each daily price is converted at the ECB euro reference rate for that day.
Alysly Data Analysis: Shopify Subordinate Voting
What ETF Is Shopify Subordinate Voting In?
Shopify Subordinate Voting has above-average ETF coverage and is held by 17 of the 104 ETFs we track, which together follow 7 indices. That puts the stock in more ETFs than 77.7% of the 4,341 stocks we track.
| ETF | Index | Weight | per €1,000 in the ETF |
|---|---|---|---|
| XNAS / XNA1 | Nasdaq 100 | 0.87% | €8.74 |
| EXXT | Nasdaq 100 | 0.87% | €8.70 |
| EXUS / EXU1 | MSCI World ex USA | 0.82% | €8.24 |
| XDWT / XMIT | MSCI World Information Technology | 0.72% | €7.25 |
| SWWD | MSCI World | 0.22% | €2.23 |
| SPPW | MSCI World | 0.22% | €2.23 |
| XDWD / XDWL | MSCI World | 0.22% | €2.22 |
| EUNL | MSCI World | 0.22% | €2.20 |
| WIMI | MSCI World IMI | 0.20% | €2.01 |
| IUSQ | MSCI ACWI | 0.20% | €2.00 |
| SPYY | MSCI ACWI | 0.20% | €1.99 |
| SPYI / SPSA | MSCI ACWI IMI | 0.20% | €1.95 |
The last column shows how much of €1,000 in one of these funds goes to Shopify Subordinate Voting, based on each fund's latest holdings list.
US-listed ETFs holding Shopify Subordinate Voting (weight per latest SEC filing): QQQM 0.79%, QQQ 0.60%, ONEQ 0.39%, VXUS 0.33%, VXUS < 0.01%. These funds are registered in the US; retail investors in the EU usually cannot buy them.
Shopify Subordinate Voting Weight in iShares Core MSCI World (EUNL) Since 2019
In iShares Core MSCI World (EUNL), Shopify Subordinate Voting had a weight of 0.08% on Sep 30, 2019 and 0.22% on Oct 29, 2026. The fund tracks the MSCI World. Its share peaked at 0.29% on Jun 30, 2021. The weight rises and falls with the stock's price performance relative to the other index members. It can also change when the index provider adjusts the index composition.
What's Inside Your ETF Portfolio and the ETF overlap check show how much Shopify Subordinate Voting overlaps with the rest of a portfolio.
Stocks With ETF Exposure Similar to Shopify Subordinate Voting
| Stock | Shared ETFs | r | 1 year | Annualized volatility | Net margin | Revenue growth |
|---|---|---|---|---|---|---|
| Shopify Subordinate Voting | – | – | -9.3% | 59.3% | 10.7% | +30.1% |
| Nova | 14 | – | -9.2% | 56.5% | 29.4% | +31.0% |
| Wisetech Global | 14 | – | – | – | – | – |
 Xero Limited | 14 | – | – | – | – | – |
 Tower Semiconductor Ltd | 14 | – | +98.7% | 68.6% | 14.1% | +9.1% |
| Constellation Software | 14 | – | – | – | – | – |
| Thomson Reuters Corporation | 15 | – | -24.6% | 39.0% | – | – |
| CoreWeave | 15 | – | -58.1% | 110.8% | -22.7% | +167.9% |
| Link Real Estate Investment Trust | 12 | – | – | – | – | – |
These stocks reach a portfolio through largely the same funds as Shopify Subordinate Voting. “Shared ETFs” counts the funds that hold both.
Return and volatility are calculated from our daily closing prices in US dollars. Margin and growth come from each company's latest SEC annual filing. Because fiscal years do not end on the same date for every company, the underlying periods are not fully identical.
Fundamental Analysis: Shopify Subordinate Voting
Shopify Subordinate Voting Key Financials
Figures come from the SEC annual filing for the latest reported fiscal year (period end Dec 31, 2025).
| Fiscal year | Revenue | Net income | Margin |
|---|---|---|---|
| FY ended Dec 2023 | 7.1 | 0.1 | 1.9% |
| FY ended Dec 2024 | 8.9 | 2.0 | 22.7% |
| FY ended Dec 2025 | 11.6 | 1.2 | 10.7% |
Technical Analysis: Shopify Subordinate Voting
Shopify Subordinate Voting Risk Metrics
The close on Oct 30, 2026, was 12.1% below the highest close since Sep 23, 2024. That high was reached on Oct 12, 2026. When the S&P 500 rose or fell 1%, Shopify Subordinate Voting moved 1.86% on average in the same direction (past 252 trading days). The correlation of 0.41 shows a clear but not close link to the broad market. Accordingly, moves in the S&P 500 explain part of the daily price moves of Shopify Subordinate Voting, but far from all.
What Shopify Subordinate Voting Correlates With
| Instrument | r | −1 … +1 |
|---|---|---|
| SharkNinja Inc. | +0.51 | |
| Toast Inc. Class A | +0.50 | |
| Block Inc. Class A | +0.48 | |
| Autodesk Inc. | +0.46 | |
| Zoom Communications Inc. Class A | +0.45 | |
| Affirm Holdings Inc. Class A | +0.43 | |
| Canadian Natural Resources Limited | -0.47 | |
| EOG Resources Inc. | -0.47 | |
| Equinor ASA | -0.47 |
The strongest co-movers are listed at the top, the strongest inverse movers at the bottom. Low or negative correlations can help spread risk more broadly across a portfolio.
