CGC vs. SPY
Compare and contrast key facts about Canopy Growth Corporation (CGC) and 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CGC or SPY.
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.
Performance
CGC vs. SPY - Performance Comparison
Key characteristics
CGC:
-0.69
SPY:
0.68
CGC:
-1.82
SPY:
0.98
CGC:
0.79
SPY:
1.13
CGC:
-0.86
SPY:
0.95
CGC:
-1.27
SPY:
3.13
CGC:
67.52%
SPY:
3.03%
CGC:
124.85%
SPY:
13.89%
CGC:
-99.84%
SPY:
-55.19%
CGC:
-99.82%
SPY:
-7.62%
Returns By Period
In the year-to-date period, CGC achieves a -61.68% return, which is significantly lower than SPY's -3.39% return. Over the past 10 years, CGC has underperformed SPY with an annualized return of -24.16%, while SPY has yielded a comparatively higher 12.54% annualized return.
CGC
-61.68%
-15.32%
-76.24%
-87.43%
-62.15%
-24.16%
SPY
-3.39%
-3.01%
-0.13%
10.19%
19.68%
12.54%
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Risk-Adjusted Performance
CGC vs. SPY — Risk-Adjusted Performance Rank
CGC
SPY
CGC vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Canopy Growth Corporation (CGC) and 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.
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 1.27%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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 SPDR S&P 500 ETF | 1.27% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
CGC vs. SPY - Drawdown Comparison
The maximum CGC drawdown since its inception was -99.84%, 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. For additional features, visit the drawdowns tool.
Volatility
CGC vs. SPY - Volatility Comparison
Canopy Growth Corporation (CGC) has a higher volatility of 23.06% compared to SPDR S&P 500 ETF (SPY) at 5.76%. 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.