Shopify
SHOP.TOCanadaGlobal cloud commerce platform powering millions of merchants; Canada’s largest technology company and #2 weight in the TSX.
-7.46%
Minor Dip·(0% to -10%)
As of Oct 29, 2026, Shopify (SHOP.TO) closed at CA$233.70, representing a -7.46% drawdown from its all-time high of CA$252.53 recorded on Oct 15, 2026 (14 days ago). Returning to all-time high requires a +8.1% gain.
Current Drawdown
-7.46%
From all-time highLast Close
CA$233.70
Oct 29, 2026
All-Time High
CA$252.53
Oct 15, 2026
Days Below Peak
14d
Days below ATHGain to ATH
+8.1%
Needed to recoverLoading chart…
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Benchmark Indexes Where Shopify is a Top Holding
Compare Shopify (SHOP.TO) at -7.46% against the major equity indexes it anchors.
Historical Maximum Drawdowns & Annual Drops
Deepest peak-to-trough drop recorded within each calendar year.
Over the last 10 completed years, Shopify experienced an average intra-year drawdown of -35.2% lasting an average of 96 days peak-to-trough, with its deepest drawdown reaching -77.2% in 2022.
10Y Avg Drawdown
-35.18%
Bear Market
Deepest Drawdown
-77.21%
2022 · Bear Market
Avg Peak-to-Trough
96 days
| Year | Max Intra-Year Drawdown | Peak High | Bottom Trough | Peak-to-Trough | Yearly Return |
|---|---|---|---|---|---|
| 2025 | -40.35%Bear Market | Feb 18, 2025 CA$183.45 | Apr 4, 2025 CA$109.42 | 45 days | +44.45% |
| 2024 | -38.94%Bear Market | Feb 9, 2024 CA$122.11 | Aug 6, 2024 CA$74.56 | 179 days | +48.30% |
| 2023 | -30.24%Correction | Jul 13, 2023 CA$92.24 | Oct 27, 2023 CA$64.35 | 106 days | +119.44% |
| 2022 | -77.21%Bear Market | Jan 4, 2022 CA$155.22 | Oct 11, 2022 CA$35.37 | 280 days | -73.01% |
| 2021 | -31.38%Correction | Feb 11, 2021 CA$185.80 | May 13, 2021 CA$127.50 | 91 days | +21.18% |
| 2020 | -36.20%Bear Market | Feb 19, 2020 CA$71.87 | Mar 16, 2020 CA$45.85 | 26 days | +178.38% |
| 2019 | -30.47%Correction | Aug 27, 2019 CA$54.15 | Nov 7, 2019 CA$37.65 | 72 days | +173.46% |
| 2018 | -30.44%Correction | Jun 20, 2018 CA$22.93 | Oct 24, 2018 CA$15.95 | 126 days | +48.54% |
| 2017 | -23.16%Correction | Sep 19, 2017 CA$15.07 | Oct 10, 2017 CA$11.58 | 21 days | +120.28% |
| 2016 | -13.46%Pullback | Nov 21, 2016 CA$6.02 | Dec 2, 2016 CA$5.21 | 11 days | +0.35% |
Compare with Other Drawdowns
Frequently Asked Questions about Shopify
Click to expandHow is the current drawdown of Shopify calculated?
For Shopify, drawdown measures the percentage decline from its all-time high closing peak of CA$252.53 (reached on Oct 15, 2026) to its latest daily close of CA$233.70:
((CA$233.70 - CA$252.53) / CA$252.53) × 100 = -7.46%
Calculations use official daily settled closes to filter out intraday wick noise. The drawdown only resets to 0.00% when a new settled close surpasses CA$252.53.
At what prices does Shopify enter a dip, pullback, correction, or bear market?
Measuring from Shopify's all-time high closing price of CA$252.53:
• -10% Dip: Triggers at CA$227.28
• -20% Pullback: Triggers at CA$202.02
• -35% Correction: Triggers at CA$164.14
• -35% Bear Market: Triggers at CA$164.14
At its latest close of CA$233.70 (-7.46%), Shopify is currently in Minor Dip territory (Routine single-stock fluctuation within normal trading range (< 10% dip).).
How much does Shopify need to rise to reach a new all-time high?
From its current drawdown of -7.46%, Shopify must gain +8.1% from its current price of CA$233.70 to break even back at its all-time high of CA$252.53.
Because losses compound on a reduced capital base, the recovery gain required always exceeds the drawdown percentage. For example, on a hypothetical $1,000 capital base at today's price, returning to prior all-time highs equals $1,080.57 (a +$80.57 recovery increase).
What is the typical annual drawdown and duration for Shopify?
Across completed annual calendar cycles, Shopify experienced an average intra-year pullback of -35.2%, taking an average of 96 calendar days to reach bottom from its intra-year peak. The deepest annual decline occurred in 2022 with a -77.2% drop, while the mildest year was 2016 with a pullback of only -13.5%.
What is the historical maximum drawdown for Shopify?
The maximum historical drawdown recorded for Shopify across tracked cycles is -83.47%. In recent market history, its deepest calendar year decline occurred in 2022, falling -77.2% from CA$155.22 (Jan 4, 2022) down to a trough of CA$35.37 (Oct 11, 2022), spanning 280 days from peak to bottom.
Which benchmark stock indexes include Shopify as a top holding?
Shopify (SHOP.TO) is tracked as a top constituent holding in 1 major benchmark index:
• S&P/TSX Composite (^GSPTSE): currently at -1.92% drawdown
Educational & Informational Purpose Only: All data shown is for informational purposes only and does not constitute financial advice. Past drawdowns and recoveries are not indicative of future returns. See our Terms of Service for full disclaimers.