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:
-0.28
SPY:
2.21
CGC:
0.55
SPY:
2.93
CGC:
1.06
SPY:
1.41
CGC:
-0.41
SPY:
3.26
CGC:
-0.79
SPY:
14.43
CGC:
52.05%
SPY:
1.90%
CGC:
148.10%
SPY:
12.41%
CGC:
-99.52%
SPY:
-55.19%
CGC:
-99.50%
SPY:
-2.74%
Returns By Period
In the year-to-date period, CGC achieves a -44.62% return, which is significantly lower than SPY's 25.54% return. Over the past 10 years, CGC has underperformed SPY with an annualized return of -16.86%, while SPY has yielded a comparatively higher 12.97% annualized return.
CGC
-44.62%
-24.73%
-58.69%
-37.25%
-57.40%
-16.86%
SPY
25.54%
-0.42%
8.90%
25.98%
14.66%
12.97%
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Risk-Adjusted Performance
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 0.86%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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 | 0.86% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
CGC vs. SPY - Drawdown Comparison
The maximum CGC drawdown since its inception was -99.52%, 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 17.33% compared to SPDR S&P 500 ETF (SPY) at 3.72%. 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.