CGC vs. SNDL

Last updated Apr 1, 2026

Compare and contrast key facts about Canopy Growth Corporation (CGC) and Sundial Growers Inc. (SNDL).

Performance

CGC vs. SNDL - Performance Comparison

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

CGC vs. SNDL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
CGC Canopy Growth Corporation	-16.74%	-58.39%	-46.38%	-77.88%	-73.54%	-64.57%	16.83%	-32.36%
SNDL Sundial Growers Inc.	-20.48%	-7.26%	9.15%	-21.53%	-63.86%	22.13%	-84.27%	-64.50%

Fundamentals

Market Cap CGC : $327.98M SNDL : $347.63M
EPS CGC : -$1.21 SNDL : -$0.06
PS Ratio CGC : 0.87 SNDL : 0.37
PB Ratio CGC : 0.43 SNDL : 0.32
Total Revenue (TTM) CGC : $294.24M SNDL : $942.38M
Gross Profit (TTM) CGC : $71.95M SNDL : $244.86M
EBITDA (TTM) CGC : -$225.88M SNDL : $43.35M

Returns By Period

In the year-to-date period, CGC achieves a -16.74% return, which is significantly higher than SNDL's -20.48% return.

CGC

• 1D: 10.80%
• 1M: -15.25%
• YTD: -16.74%
• 6M: -34.99%
• 1Y: 4.31%
• 3Y*: -62.15%
• 5Y*: -68.79%
• 10Y*: -26.31%

SNDL

• 1D: 2.33%
• 1M: -14.29%
• YTD: -20.48%
• 6M: -50.75%
• 1Y: -6.38%
• 3Y*: -6.21%
• 5Y*: -34.56%
• 10Y*: —

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

Return for Risk

CGC vs. SNDL — Risk / Return Rank

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

CGC

CGC Risk / Return Rank: 47
CGC Sharpe Ratio Rank: 43
CGC Sortino Ratio Rank: 58
CGC Omega Ratio Rank: 53
CGC Calmar Ratio Rank: 40
CGC Martin Ratio Rank: 40

SNDL

SNDL Risk / Return Rank: 38
SNDL Sharpe Ratio Rank: 37
SNDL Sortino Ratio Rank: 39
SNDL Omega Ratio Rank: 39
SNDL Calmar Ratio Rank: 37
SNDL Martin Ratio Rank: 37

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. SNDL - Risk-Adjusted Trends Comparison

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

	CGC	SNDL	Difference
Sharpe ratio Return per unit of total volatility	0.04	-0.10	+0.13
Sortino ratio Return per unit of downside risk	1.04	0.39	+0.65
Omega ratio Gain probability vs. loss probability	1.12	1.05	+0.07
Calmar ratio Return relative to maximum drawdown	-0.07	-0.17	+0.10
Martin ratio Return relative to average drawdown	-0.11	-0.32	+0.21
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CGC vs. SNDL - Sharpe Ratio Comparison

The current CGC Sharpe Ratio is 0.04, which is higher than the SNDL Sharpe Ratio of -0.10. The chart below compares the historical Sharpe Ratios of CGC and SNDL, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	CGC	SNDL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.04	-0.10	+0.13
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.56	-0.48	-0.08
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.26	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.26	-0.40	+0.14

Correlation

The correlation between CGC and SNDL is 0.59, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

CGC vs. SNDL - Dividend Comparison

Neither CGC nor SNDL has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

CGC vs. SNDL - Drawdown Comparison

The maximum CGC drawdown since its inception was -99.85%, roughly equal to the maximum SNDL drawdown of -99.07%. Use the drawdown chart below to compare losses from any high point for CGC and SNDL.

Drawdown Indicators

	CGC	SNDL	Difference
Max Drawdown Largest peak-to-trough decline	-99.85%	-99.07%	-0.78%
Max Drawdown (1Y) Largest decline over 1 year	-55.61%	-54.17%	-1.44%
Max Drawdown (5Y) Largest decline over 5 years	-99.74%	-90.62%	-9.12%
Max Drawdown (10Y) Largest decline over 10 years	-99.85%	—	—
Current Drawdown Current decline from peak	-99.83%	-98.98%	-0.85%
Average Drawdown Average peak-to-trough decline	-61.53%	-94.30%	+32.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	33.86%	28.23%	+5.63%

Volatility

CGC vs. SNDL - Volatility Comparison

Canopy Growth Corporation (CGC) has a higher volatility of 17.62% compared to Sundial Growers Inc. (SNDL) at 9.12%. This indicates that CGC's price experiences larger fluctuations and is considered to be riskier than SNDL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CGC	SNDL	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.62%	9.12%	+8.50%
Volatility (6M) Calculated over the trailing 6-month period	68.50%	45.37%	+23.13%
Volatility (1Y) Calculated over the trailing 1-year period	117.39%	67.31%	+50.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	123.85%	72.88%	+50.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	102.96%	115.60%	-12.64%

Financials

CGC vs. SNDL - Profitability Comparison

The chart below illustrates the profitability comparison between Canopy Growth Corporation and Sundial Growers Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

CGC - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Canopy Growth Corporation reported a gross profit of 21.47M and revenue of 90.39M. Therefore, the gross margin over that period was 23.8%.

SNDL - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Sundial Growers Inc. reported a gross profit of 56.44M and revenue of 248.47M. Therefore, the gross margin over that period was 22.7%.

CGC - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Canopy Growth Corporation reported an operating income of -26.35M and revenue of 90.39M, resulting in an operating margin of -29.2%.

SNDL - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Sundial Growers Inc. reported an operating income of 10.09M and revenue of 248.47M, resulting in an operating margin of 4.1%.

CGC - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Canopy Growth Corporation reported a net income of -62.63M and revenue of 90.39M, resulting in a net margin of -69.3%.

SNDL - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Sundial Growers Inc. reported a net income of 9.22M and revenue of 248.47M, resulting in a net margin of 3.7%.