CGC vs. AAPL

Last updated Jun 26, 2026

CGC (Canopy Growth Corporation) and AAPL (Apple Inc) are both stocks. CGC operates in Drug Manufacturers - Specialty & Generic (Healthcare), while AAPL operates in Consumer Electronics (Technology). Over the past 10 years, CGC returned -26.56%/yr vs 29.37%/yr for AAPL. At a 0.20 correlation, their price movements are largely independent.

Performance

CGC vs. AAPL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Canopy Growth Corporation (CGC) and Apple Inc (AAPL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CGC achieves a -19.90% return, which is significantly lower than AAPL's 1.40% return. Over the past 10 years, CGC has underperformed AAPL with an annualized return of -26.56%, while AAPL has yielded a comparatively higher 29.37% annualized return.

CGC

• 1D: -0.93%
• 1M: -13.04%
• YTD: -19.90%
• 6M: -30.30%
• 1Y: -25.76%
• 3Y*: -43.91%
• 5Y*: -67.35%
• 10Y*: -26.56%

AAPL

• 1D: -6.12%
• 1M: -10.76%
• YTD: 1.40%
• 6M: 0.68%
• 1Y: 37.05%
• 3Y*: 14.62%
• 5Y*: 16.22%
• 10Y*: 29.37%

*Multi-year figures are annualized to reflect compound growth (CAGR)

CGC vs. AAPL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CGC Canopy Growth Corporation	-19.90%	-58.39%	-46.38%	-77.88%	-73.54%	-64.57%	16.83%	-21.51%	13.58%	246.87%
AAPL Apple Inc	1.40%	9.05%	30.71%	49.01%	-26.40%	34.65%	82.31%	88.96%	-5.39%	48.46%

Correlation

The correlation between CGC and AAPL is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.21
Correlation (3Y) Calculated over the trailing 3-year period	0.20
Correlation (5Y) Calculated over the trailing 5-year period	0.28
Correlation (10Y) Calculated over the trailing 10-year period	0.22
Correlation (All Time) Calculated using the full available price history since Apr 7, 2014	0.20

Fundamentals

Market Cap CGC : $351.53M AAPL : $4.06T
EPS CGC : -CA$1.23 AAPL : $8.24
PS Ratio CGC : 1.24 AAPL : 9.07
PB Ratio CGC : 0.72 AAPL : 38.16
Total Revenue (TTM) CGC : CA$312.34M AAPL : $451.44B
Gross Profit (TTM) CGC : CA$77.66M AAPL : $216.07B
EBITDA (TTM) CGC : -CA$205.34M AAPL : $153.63B

Return for Risk

CGC vs. AAPL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CGC

CGC Risk / Return Rank: 34
CGC Sharpe Ratio Rank: 33
CGC Sortino Ratio Rank: 40
CGC Omega Ratio Rank: 39
CGC Calmar Ratio Rank: 27
CGC Martin Ratio Rank: 30

AAPL

AAPL Risk / Return Rank: 83
AAPL Sharpe Ratio Rank: 85
AAPL Sortino Ratio Rank: 82
AAPL Omega Ratio Rank: 82
AAPL Calmar Ratio Rank: 83
AAPL Martin Ratio Rank: 82

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CGC vs. AAPL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Canopy Growth Corporation (CGC) and Apple Inc (AAPL). 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.

	CGC	AAPL	Difference
Sharpe ratio: Return per unit of total volatility	-0.25	1.59	-1.84
Sortino ratio: Return per unit of downside risk	0.32	2.26	-1.93
Omega ratio: Gain probability vs. loss probability	1.04	1.30	-0.26
Calmar ratio: Return relative to maximum drawdown	-0.47	2.70	-3.16
Martin ratio: Return relative to average drawdown	-0.72	6.54	-7.26

CGC vs. AAPL - Sharpe Ratio Comparison

The current CGC Sharpe Ratio is -0.25, which is lower than the AAPL Sharpe Ratio of 1.59. The chart below compares the historical Sharpe Ratios of CGC and AAPL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

CGC vs. AAPL - Drawdown Comparison

The maximum CGC drawdown since its inception was -99.85%, which is greater than AAPL's maximum drawdown of -81.80%. Use the drawdown chart below to compare losses from any high point for CGC and AAPL.

Drawdown Indicators

	CGC	AAPL	Difference
Max Drawdown Largest peak-to-trough decline	-99.85%	-81.80%	-18.05%
Max Drawdown (1Y) Largest decline over 1 year	-55.38%	-13.80%	-41.58%
Max Drawdown (3Y) Largest decline over 3 years	-95.10%	-33.36%	-61.74%
Max Drawdown (5Y) Largest decline over 5 years	-99.67%	-33.36%	-66.31%
Max Drawdown (10Y) Largest decline over 10 years	-99.85%	-38.52%	-61.33%
Current Drawdown Current decline from peak	-99.84%	-12.71%	-87.13%
Average Drawdown Average peak-to-trough decline	-62.25%	-29.58%	-32.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	35.81%	5.68%	+30.13%

Volatility

CGC vs. AAPL - Volatility Comparison

The current volatility for Canopy Growth Corporation (CGC) is 8.09%, while Apple Inc (AAPL) has a volatility of 9.12%. This indicates that CGC experiences smaller price fluctuations and is considered to be less risky than AAPL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CGC	AAPL	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.09%	9.12%	-1.03%
Volatility (6M) Calculated over the trailing 6-month period	43.22%	17.77%	+25.45%
Volatility (1Y) Calculated over the trailing 1-year period	102.93%	23.42%	+79.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	124.26%	27.66%	+96.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	103.36%	28.98%	+74.38%

Dividends

CGC vs. AAPL - Dividend Comparison

CGC has not paid dividends to shareholders, while AAPL's dividend yield for the trailing twelve months is around 0.38%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AAPL Apple Inc	0.38%	0.38%	0.40%	0.49%	0.70%	0.49%	0.61%	1.04%	1.79%	1.45%	1.93%	1.93%
CGC Canopy Growth Corporation	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials

Frequently Asked Questions

Can I hold both CGC and AAPL in my portfolio?

CGC and AAPL have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CGC or AAPL?

AAPL has higher volatility (9.12%) compared to CGC (8.09%). In terms of maximum drawdown, CGC dropped -99.85% vs AAPL's -81.80%.

Which has better risk-adjusted returns?

AAPL currently has the higher Sharpe Ratio (1.59 vs -0.25), 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.