Shopify (SHOP) stock vs the S&P 500 and cloud stocks
As of 12 October 2026, Shopify (SHOP) is among the strongest stocks we track. It is well ahead of the S&P 500 and ahead of cloud stocks as a group (SKYY) over the past three months.
Where Shopify stands now
As of 12 October 2026, Shopify gives a mixed picture against the S&P 500, ahead on some windows and behind on others.
Inside its group, SHOP leads: it is ahead of cloud stocks (SKYY) over both the past month and three months. As a group, cloud stocks are among the strongest groups in the market right now. A strong stock in a strong group: both the stock and the group have the wind behind them.
Shopify is 1.7% of SKYY, 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.
Shopify peers in cloud stocks
The largest other holdings of First Trust Cloud Computing ETF (SKYY), by weight in the fund, with their plain return over the past month. They share the fund with the stock. They are not always direct business competitors.
Is Shopify in the S&P 500?
As of 12 October 2026, Shopify is not in the S&P 500. Zensei groups it with cloud stocks (SKYY), where it has 1.7% weight.
None of the 11 S&P 500 sector funds holds it. See Cloud Stocks (SKYY)
Shopify ETF: the funds that hold SHOP
2 funds that Zensei tracks hold SHOP. The main sector is the fund Zensei groups it with. The other funds follow by weight.
SHOP stock performance: 1-month, 3-month and 1-year vs the S&P 500
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 cloud stocks, in depth
See the size of the gap between Shopify and cloud stocks (SKYY) over every window, its momentum and its relative strength, and where it sits among cloud stocks.
See the full analysisShopify stock: common questions
Which stocks are Shopify's peers?
As of 12 October 2026, the largest other holdings of First Trust Cloud Computing ETF (SKYY) by weight are Everpure Inc (P), Digitalocean Holdings Inc (DOCN), Arista Networks Inc (ANET), Nutanix Inc (NTNX), Microsoft (MSFT). They share the fund with Shopify. They are fund peers among cloud stocks, not always direct business competitors.
Which ETFs hold Shopify?
As of 12 October 2026, 2 funds that Zensei tracks hold SHOP. Zensei groups it with cloud stocks in First Trust Cloud Computing ETF (SKYY), where its weight is 1.7%. It is also in Robo Global Artificial Intelligence ETF (THNQ, 1.6%).
Is Shopify in the S&P 500?
As of 12 October 2026, Shopify is not in the S&P 500. Zensei groups it with cloud stocks (SKYY), where it has 1.7% weight.
What sector is Shopify in?
As of 12 October 2026, Zensei groups Shopify with cloud stocks (SKYY, its primary fund). It is also in AI stocks (THNQ).
Is Shopify stock beating the S&P 500?
As of 12 October 2026, Shopify (SHOP) is up 39.2% over the past month. The S&P 500 is up 2.1% over the same month. Over three months, the stock is up 43.7% and the S&P 500 is up 4.1%.
Is Shopify doing better than other cloud stocks?
As of 12 October 2026, Shopify (SHOP) is ahead of cloud stocks as a group (SKYY) over the past three months. Zensei Edge shows the size of the gap, its momentum and its relative strength.
Recent changes
- ·First tracked: among the strongest
Track Shopify against cloud 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.