CANC vs. CGON
CANC (Tema Oncology ETF) is Health & Biotech Equities fund actively managed by Tema, while CGON (CG Oncology, Inc) is a stock. Over the past year, CANC returned 56.31% vs 159.30% for CGON. A 0.53 correlation means they provide meaningful diversification when combined.
Performance
CANC vs. CGON - Performance Comparison
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Returns By Period
In the year-to-date period, CANC achieves a 9.70% return, which is significantly lower than CGON's 59.56% return.
CANC
- 1D
- 2.41%
- 1M
- -0.08%
- YTD
- 9.70%
- 6M
- 7.59%
- 1Y
- 56.31%
- 3Y*
- 131.39%
- 5Y*
- —
- 10Y*
- —
CGON
- 1D
- 8.46%
- 1M
- 3.11%
- YTD
- 59.56%
- 6M
- 65.29%
- 1Y
- 159.30%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CANC vs. CGON - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
CANC Tema Oncology ETF | 9.70% | 42.92% | -3.59% |
CGON CG Oncology, Inc | 59.56% | 44.77% | -1.10% |
Correlation
The correlation between CANC and CGON is 0.54, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since Jan 25, 2024 | 0.53 |
The correlation between CANC and CGON has been stable across timeframes, ranging from 0.53 to 0.54 - a consistent structural relationship.
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Return for Risk
CANC vs. CGON — Risk / Return Rank
CANC
CGON
CANC vs. CGON - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tema Oncology ETF (CANC) and CG Oncology, Inc (CGON). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| CANC | CGON | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.29 | ||
| Sortino ratioReturn per unit of downside risk | -0.14 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.42 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 6.08 | 5.85 | +0.24 |
| Martin ratioReturn relative to average drawdown | 16.57 | 18.07 | -1.50 |
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Drawdowns
CANC vs. CGON - Drawdown Comparison
The maximum CANC drawdown since its inception was -97.53%, which is greater than CGON's maximum drawdown of -67.47%. Use the drawdown chart below to compare losses from any high point for CANC and CGON.
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Drawdown Indicators
| CANC | CGON | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.53% | -67.47% | -30.06% |
Max Drawdown (1Y)Largest decline over 1 year | -9.30% | -27.41% | +18.11% |
Max Drawdown (3Y)Largest decline over 3 years | -30.27% | — | — |
Current DrawdownCurrent decline from peak | -54.53% | -10.47% | -44.06% |
Average DrawdownAverage peak-to-trough decline | -72.96% | -25.80% | -47.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.41% | 8.85% | -5.44% |
Volatility
CANC vs. CGON - Volatility Comparison
The current volatility for Tema Oncology ETF (CANC) is 6.51%, while CG Oncology, Inc (CGON) has a volatility of 16.31%. This indicates that CANC experiences smaller price fluctuations and is considered to be less risky than CGON based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CANC | CGON | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.51% | 16.31% | -9.80% |
Volatility (6M)Calculated over the trailing 6-month period | 16.87% | 42.03% | -25.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.72% | 57.66% | -34.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 278.76% | 66.53% | +212.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 278.76% | 66.53% | +212.23% |
Dividends
CANC vs. CGON - Dividend Comparison
CANC's dividend yield for the trailing twelve months is around 0.05%, while CGON has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
CANC Tema Oncology ETF | 0.05% | 0.06% | 3.00% | 0.56% |
CGON CG Oncology, Inc | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CANC and CGON have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CGON has higher volatility (16.31%) compared to CANC (6.51%). In terms of maximum drawdown, CANC dropped -97.53% vs CGON's -67.47%.
CGON currently has the higher Sharpe Ratio (2.79 vs 2.50), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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