CGC vs. SNDL
CGC (Canopy Growth Corporation) and SNDL (Sundial Growers Inc.) are both stocks. Both operate in the Drug Manufacturers - Specialty & Generic industry within the Healthcare sector. Over the past 5 years, CGC returned -66.76%/yr vs -32.51%/yr for SNDL. A 0.59 correlation means they provide meaningful diversification when combined.
Performance
CGC vs. SNDL - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with CGC having a -16.04% return and SNDL slightly higher at -15.66%.
CGC
- 1D
- -1.04%
- 1M
- -7.97%
- YTD
- -16.04%
- 6M
- -27.49%
- 1Y
- -22.81%
- 3Y*
- -43.03%
- 5Y*
- -66.76%
- 10Y*
- -26.81%
SNDL
- 1D
- -1.41%
- 1M
- -3.45%
- YTD
- -15.66%
- 6M
- -21.79%
- 1Y
- 12.00%
- 3Y*
- 3.85%
- 5Y*
- -32.51%
- 10Y*
- —
CGC vs. SNDL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
CGC Canopy Growth Corporation | -16.04% | -58.39% | -46.38% | -77.88% | -73.54% | -64.57% | 16.83% | -35.39% |
SNDL Sundial Growers Inc. | -15.66% | -7.26% | 9.15% | -21.53% | -63.86% | 22.13% | -84.27% | -76.88% |
Correlation
The correlation between CGC and SNDL is 0.62, 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 | 0.62 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.64 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.68 |
Correlation (All Time) Calculated using the full available price history since Aug 1, 2019 | 0.59 |
The correlation between CGC and SNDL has been stable across timeframes, ranging from 0.59 to 0.68 - a consistent structural relationship.
Fundamentals
CGC:
$368.47M
SNDL:
$365.82M
CGC:
-CA$1.23
SNDL:
-CA$0.04
CGC:
1.30
SNDL:
0.55
CGC:
0.75
SNDL:
0.48
CGC:
CA$312.34M
SNDL:
CA$940.66M
CGC:
CA$77.66M
SNDL:
CA$242.63M
CGC:
-CA$205.34M
SNDL:
CA$43.64M
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Return for Risk
CGC vs. SNDL — Risk / Return Rank
CGC
SNDL
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.
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 | SNDL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.40 | ||
| Sortino ratioReturn per unit of downside risk | -0.46 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.10 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | -0.41 | 0.22 | -0.64 |
| Martin ratioReturn relative to average drawdown | -0.65 | 0.33 | -0.98 |
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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.
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Drawdown Indicators
| CGC | SNDL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.85% | -99.07% | -0.78% |
Max Drawdown (1Y)Largest decline over 1 year | -55.38% | -54.17% | -1.21% |
Max Drawdown (3Y)Largest decline over 3 years | -95.10% | -54.34% | -40.76% |
Max Drawdown (5Y)Largest decline over 5 years | -99.67% | -87.90% | -11.77% |
Max Drawdown (10Y)Largest decline over 10 years | -99.85% | — | — |
Current DrawdownCurrent decline from peak | -99.83% | -98.92% | -0.91% |
Average DrawdownAverage peak-to-trough decline | -62.21% | -94.44% | +32.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 35.37% | 35.99% | -0.62% |
Volatility
CGC vs. SNDL - Volatility Comparison
Canopy Growth Corporation (CGC) has a higher volatility of 9.37% compared to Sundial Growers Inc. (SNDL) at 6.77%. 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.
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Volatility by Period
| CGC | SNDL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.37% | 6.77% | +2.60% |
Volatility (6M)Calculated over the trailing 6-month period | 48.00% | 30.79% | +17.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 103.30% | 68.40% | +34.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 124.27% | 70.52% | +53.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 103.40% | 114.79% | -11.39% |
Dividends
CGC vs. SNDL - Dividend Comparison
Neither CGC nor SNDL has paid dividends to shareholders.
Financials
CGC vs. SNDL - Financials Comparison
This section allows you to compare key financial metrics between Canopy Growth Corporation and Sundial Growers Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
Frequently Asked Questions
CGC and SNDL have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CGC has higher volatility (9.37%) compared to SNDL (6.77%). In terms of maximum drawdown, CGC dropped -99.85% vs SNDL's -99.07%.
SNDL currently has the higher Sharpe Ratio (0.18 vs -0.22), 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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