Shopify (SHOP) stock vs the S&P 500 and AI stocks
As of 2 October 2026, Shopify (SHOP) is among the strongest stocks we track. It is well ahead of the S&P 500 and ahead of AI stocks as a group (THNQ) over the past three months.
Where Shopify stands now
As of 2 October 2026, Shopify gives a mixed picture against the S&P 500, ahead on some windows and behind on others.
Inside its group, SHOP is slipping: still ahead of AI stocks (THNQ) over three months, but behind over the past month. As a group, AI stocks are gaining ground on the S&P 500 right now. The group is in transition, so the stock's place inside it matters more than usual.
Shopify is 2.0% of THNQ, so the fund's direction owes little to it. It sits in 2 of the sector and theme funds Zensei tracks. The thing to watch is whether the lead holds as the longer windows catch up; leaders that keep their recent edge tend to stay in front.
SHOP vs the S&P 500: returns
Shopify and the S&P 500 (SPY) side by side, over each window Zensei tracks.
Prices as of · computed from daily adjusted closes · how we measure
SHOP against AI stocks, in depth
See the size of the gap between Shopify and AI stocks (THNQ) over every window, its momentum and its relative strength, and where it sits among AI stocks.
See the full analysisWhich ETFs hold Shopify?
2 funds that Zensei tracks hold SHOP, by weight. The fund with the largest weight is its sector on this page.
Shopify competitors
The largest other holdings of Robo Global Artificial Intelligence ETF (THNQ), with their return over the past month.
Shopify stock: common questions
Is Shopify stock beating the S&P 500?
As of 2 October 2026, Shopify (SHOP) is up 8.3% over the past month. The S&P 500 is up 1.3% over the same month. Over three months, the stock is up 26.7% and the S&P 500 is up 3.6%.
Which ETFs hold Shopify?
As of 2 October 2026, 2 funds that Zensei tracks hold SHOP. Its largest weight is in Robo Global Artificial Intelligence ETF (THNQ), at 2.0%. It is also in First Trust Cloud Computing ETF (SKYY, 1.8%).
Who are Shopify's competitors?
As of 2 October 2026, the largest other holdings of Robo Global Artificial Intelligence ETF (THNQ) are Tempus AI Inc (TEM), Palo Alto Networks Inc (PANW), CrowdStrike (CRWD), Cloudflare Inc (NET), Everpure Inc (P). These are the stocks Shopify sits next to among AI stocks.
Is Shopify doing better than other AI stocks?
As of 2 October 2026, Shopify (SHOP) is ahead of AI stocks as a group (THNQ) over the past three months. Zensei Edge shows the size of the gap, its momentum and its relative strength.
Track Shopify against AI stocks and the market
Zensei Edge maps 100+ sectors and themes against the S&P 500, with each stock inside them measured against its group.