Amazon vs Shopify: $1,000 invested since 2020
AMZN vs SHOP · Data through 2026-06-01
$1,000 invested in 2020 would be worth
Amazon
$2,373+137.3%
ShopifyWinner
$2,452+145.2%
The same $1,000 in the S&P 500 would be worth $2,540(+154%)
Growth of $1,000
Amazon vs. Shopify vs. S&P 500, 2020 to present
Year-by-year comparison
Amazon vs. Shopify, 2020 to present
| Year | Amazon | Shopify |
|---|---|---|
| 2020 | $1,000 | $1,000 |
| 2021 | $1,596 | $2,359 |
| 2022 | $1,489 | $2,071 |
| 2023 | $1,027 | $1,058 |
| 2024 | $1,545 | $1,719 |
| 2025 | $2,366 | $2,508 |
| 2026 | $2,383 | $2,818 |
Which came out ahead
Shopify (SHOP) outpaced Amazon (AMZN) over this stretch from 2020. That $1,000 grew to $2,452 in SHOP versus $2,373 in AMZN as of 2026-06-01, roughly $79 more in the end.
Stacked side by side, the totals tell the same story. Shopify returned +145.2% against Amazon at +137.3%, a gap of about 7.9 percentage points over the 6.6-year window. Compounded, that is about 14.6% a year for SHOP against 14% for AMZN.
Neither holding beat a plain S&P 500 fund over the same span. The index would have grown that $1,000 to about $2,540, compounding near 15.2% a year. The ride was not equally smooth. Shopify moved across a far wider band of yearly returns than Amazon did. All figures use split-adjusted closing prices and exclude dividends, taxes, fees, and inflation, so a real after-tax result would differ.
This is a record of what already happened, not financial advice or a recommendation of either name. Past performance does not guarantee future results.
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For informational and educational purposes only. Not financial advice. Past performance does not guarantee future results. All calculations are based on split-adjusted closing prices from Yahoo Finance and do not account for dividends, taxes, or trading fees. See our methodology and full disclaimer.