CGC vs. SPY
Compare and contrast key facts about Canopy Growth Corporation (CGC) and State Street SPDR S&P 500 ETF (SPY).
SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Performance
CGC vs. SPY - Performance Comparison
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CGC vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CGC Canopy Growth Corporation | -14.53% | -58.39% | -46.38% | -77.88% | -73.54% | -64.57% | 16.83% | -21.51% | 13.58% | 246.87% |
SPY State Street SPDR S&P 500 ETF | -3.65% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% | -4.57% | 21.71% |
Returns By Period
In the year-to-date period, CGC achieves a -14.53% return, which is significantly lower than SPY's -3.65% return. Over the past 10 years, CGC has underperformed SPY with an annualized return of -26.12%, while SPY has yielded a comparatively higher 14.06% annualized return.
CGC
- 1D
- 2.65%
- 1M
- -8.93%
- YTD
- -14.53%
- 6M
- -29.39%
- 1Y
- -4.47%
- 3Y*
- -61.81%
- 5Y*
- -68.63%
- 10Y*
- -26.12%
SPY
- 1D
- 0.75%
- 1M
- -4.28%
- YTD
- -3.65%
- 6M
- -1.42%
- 1Y
- 18.14%
- 3Y*
- 18.48%
- 5Y*
- 11.86%
- 10Y*
- 14.06%
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Return for Risk
CGC vs. SPY — Risk / Return Rank
CGC
SPY
CGC vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Canopy Growth Corporation (CGC) and State Street SPDR S&P 500 ETF (SPY). 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 | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.04 | 0.96 | -0.99 |
Sortino ratioReturn per unit of downside risk | 0.90 | 1.49 | -0.59 |
Omega ratioGain probability vs. loss probability | 1.10 | 1.23 | -0.13 |
Calmar ratioReturn relative to maximum drawdown | 0.13 | 1.53 | -1.41 |
Martin ratioReturn relative to average drawdown | 0.21 | 7.27 | -7.06 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CGC | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.04 | 0.96 | -0.99 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.56 | 0.70 | -1.25 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.25 | 0.79 | -1.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.26 | 0.56 | -0.82 |
Correlation
The correlation between CGC and SPY is 0.30, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
CGC vs. SPY - Dividend Comparison
CGC has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.13%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
SPY State Street SPDR S&P 500 ETF | 1.13% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Drawdowns
CGC vs. SPY - Drawdown Comparison
The maximum CGC drawdown since its inception was -99.85%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for CGC and SPY.
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Drawdown Indicators
| CGC | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.85% | -55.19% | -44.66% |
Max Drawdown (1Y)Largest decline over 1 year | -55.61% | -12.05% | -43.56% |
Max Drawdown (5Y)Largest decline over 5 years | -99.74% | -24.50% | -75.24% |
Max Drawdown (10Y)Largest decline over 10 years | -99.85% | -33.72% | -66.13% |
Current DrawdownCurrent decline from peak | -99.83% | -5.53% | -94.30% |
Average DrawdownAverage peak-to-trough decline | -61.55% | -9.09% | -52.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 34.00% | 2.54% | +31.46% |
Volatility
CGC vs. SPY - Volatility Comparison
Canopy Growth Corporation (CGC) has a higher volatility of 17.89% compared to State Street SPDR S&P 500 ETF (SPY) at 5.35%. This indicates that CGC's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CGC | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.89% | 5.35% | +12.54% |
Volatility (6M)Calculated over the trailing 6-month period | 68.22% | 9.50% | +58.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 117.15% | 19.06% | +98.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 123.86% | 17.06% | +106.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 102.94% | 17.92% | +85.02% |