Amazon vs Shopify: $1,000 invested since 2023
AMZN vs SHOP · Data through 2026-06-01
$1,000 invested in 2023 would be worth
Amazon
$2,311+131.1%
ShopifyWinner
$2,317+131.7%
The same $1,000 in the S&P 500 would be worth $1,916(+91.6%)
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, Shopify (SHOP) came out ahead of Amazon (AMZN). That $1,000 grew to $2,317 in SHOP versus $2,311 in AMZN as of 2026-06-01, roughly $6 more in the end.
In total-return terms the order is clear. Shopify returned +131.7% against Amazon at +131.1%, a gap of about 0.6 percentage points over the 3.6-year window. Compounded, that is about 26.4% a year for SHOP against 26.3% for AMZN.
Both holdings beat a plain S&P 500 fund over the same span, which would have turned that $1,000 into about $1,916 at roughly 19.9% 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.