SHOP’s worst drop since 2015 was 85%
Shopify (SHOP) fell 85% from Nov 2021 to Oct 2022. It took 3.9 years from that peak to close at a new high, in Oct 2025. Over the same years the S&P 500 fell as much as 34%.
That drop ranks 282nd deepest among the 986 stocks PortfolioAutopsy tracks.
Drawdown from the last high, 2015 to now
How SHOP held up in each crash
| Crash | Years | SHOP | S&P 500 |
|---|---|---|---|
| Dot-com bust | 2000–02 | not trading yet | −47.5% |
| Financial crisis | 2007–09 | not trading yet | −55.2% |
| COVID crash | 2020 | −40.7% | −33.7% |
| 2022 rate shock | 2022 | −81.2% | −24.5% |
Each number is the deepest fall from a high inside that window, using daily prices with dividends reinvested.
See how SHOP behaves inside your whole mix, with the worst 12 months, loss odds and crash replays. Free, no signup, and the math runs in your browser.
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What was SHOP’s maximum drawdown?
SHOP’s deepest fall since 2015 was 84.8%, from its high on November 19, 2021 to its low on October 11, 2022. The figure uses daily prices with dividends reinvested.
How long did SHOP take to recover?
3.9 years. SHOP first closed above its Nov 2021 high again on October 24, 2025.
Was SHOP riskier than the S&P 500?
Over the same years, SHOP’s worst drop was 84.8% against 33.7% for the S&P 500 (SPY), and its worst 12 months were −81.5% against −19.7%.
Compare with
Daily adjusted closes from Yahoo Finance, May 21, 2015 through October 13, 2026, dividends reinvested. Historical facts, not a forecast and not investment advice.