Amazon vs Shopify: $1,000 invested since 2020
AMZN vs SHOP · Data through 2026-07-01
$1,000 invested in 2020 would be worth
AmazonWinner
$2,704+170.4%
Shopify
$2,516+151.6%
The same $1,000 in the S&P 500 would be worth $2,547(+154.7%)
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
Amazon (AMZN) outpaced Shopify (SHOP) over this stretch from 2020. That $1,000 grew to $2,704 in AMZN versus $2,516 in SHOP as of 2026-07-01, roughly $188 more in the end.
Stacked side by side, the totals tell the same story. Amazon returned +170.4% against Shopify at +151.6%, a gap of about 18.8 percentage points over the 6.7-year window. Compounded, that is about 16.1% a year for AMZN against 14.8% for SHOP.
Amazon cleared a plain S&P 500 fund over the same span while Shopify fell short of it. The index would have grown that $1,000 to about $2,547, compounding near 15.1% 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.