Amazon vs Shopify: $1,000 invested since 2023
AMZN vs SHOP · Data through 2026-07-01
$1,000 invested in 2023 would be worth
AmazonWinner
$2,633+163.3%
Shopify
$2,378+137.8%
The same $1,000 in the S&P 500 would be worth $1,922(+92.2%)
Growth of $1,000
Amazon vs. Shopify vs. S&P 500, 2023 to present
Year-by-year comparison
Amazon vs. Shopify, 2023 to present
| Year | Amazon | Shopify |
|---|---|---|
| 2023 | $1,000 | $1,000 |
| 2024 | $1,505 | $1,625 |
| 2025 | $2,305 | $2,371 |
| 2026 | $2,320 | $2,663 |
Which came out ahead
From a $1,000 stake at the start of 2023, Amazon (AMZN) came out ahead of Shopify (SHOP). That $1,000 grew to $2,633 in AMZN versus $2,378 in SHOP as of 2026-07-01, roughly $256 more in the end.
In total-return terms the order is clear. Amazon returned +163.3% against Shopify at +137.8%, a gap of about 25.5 percentage points over the 3.7-year window. Compounded, that is about 30.2% a year for AMZN against 26.6% for SHOP.
Both holdings beat a plain S&P 500 fund over the same span, which would have turned that $1,000 into about $1,922 at roughly 19.5% a year. In a window this short, one strong or weak stretch can swing the result more than a long-run average would. All figures use split-adjusted closing prices and exclude dividends, taxes, fees, and inflation, so a real after-tax result would differ.
None of this recommends one holding over the other. It is historical math, and 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.