CGC vs. URTH
CGC (Canopy Growth Corporation) is a stock, while URTH (iShares MSCI World ETF) is Global Equities fund tracking the MSCI World Index (Net). Over the past 10 years, CGC returned -27.08%/yr vs 13.42%/yr for URTH. At a 0.33 correlation, their price movements are largely independent.
Performance
CGC vs. URTH - Performance Comparison
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Returns By Period
In the year-to-date period, CGC achieves a -19.15% return, which is significantly lower than URTH's 7.84% return. Over the past 10 years, CGC has underperformed URTH with an annualized return of -27.08%, while URTH has yielded a comparatively higher 13.42% annualized return.
CGC
- 1D
- -2.59%
- 1M
- -11.37%
- YTD
- -19.15%
- 6M
- -29.64%
- 1Y
- -26.26%
- 3Y*
- -43.74%
- 5Y*
- -67.29%
- 10Y*
- -27.08%
URTH
- 1D
- -0.22%
- 1M
- -1.09%
- YTD
- 7.84%
- 6M
- 6.72%
- 1Y
- 21.36%
- 3Y*
- 19.58%
- 5Y*
- 11.18%
- 10Y*
- 13.42%
CGC vs. URTH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CGC Canopy Growth Corporation | -19.15% | -58.39% | -46.38% | -77.88% | -73.54% | -64.57% | 16.83% | -21.51% | 13.58% | 246.87% |
URTH iShares MSCI World ETF | 7.84% | 21.36% | 18.66% | 23.95% | -17.97% | 22.27% | 15.78% | 28.15% | -8.56% | 22.95% |
Correlation
The correlation between CGC and URTH is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.34 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.41 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since Apr 7, 2014 | 0.33 |
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Return for Risk
CGC vs. URTH — Risk / Return Rank
CGC
URTH
CGC vs. URTH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Canopy Growth Corporation (CGC) and iShares MSCI World ETF (URTH). 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 | URTH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.96 | ||
| Sortino ratioReturn per unit of downside risk | -2.06 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.31 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | -0.48 | 2.37 | -2.84 |
| Martin ratioReturn relative to average drawdown | -0.74 | 10.42 | -11.16 |
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Drawdowns
CGC vs. URTH - Drawdown Comparison
The maximum CGC drawdown since its inception was -99.85%, which is greater than URTH's maximum drawdown of -34.01%. Use the drawdown chart below to compare losses from any high point for CGC and URTH.
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Drawdown Indicators
| CGC | URTH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.85% | -34.01% | -65.84% |
Max Drawdown (1Y)Largest decline over 1 year | -55.38% | -9.06% | -46.32% |
Max Drawdown (3Y)Largest decline over 3 years | -95.10% | -16.94% | -78.16% |
Max Drawdown (5Y)Largest decline over 5 years | -99.67% | -26.05% | -73.62% |
Max Drawdown (10Y)Largest decline over 10 years | -99.85% | -34.01% | -65.84% |
Current DrawdownCurrent decline from peak | -99.84% | -2.84% | -97.00% |
Average DrawdownAverage peak-to-trough decline | -62.24% | -4.36% | -57.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 35.66% | 2.05% | +33.61% |
Volatility
CGC vs. URTH - Volatility Comparison
Canopy Growth Corporation (CGC) has a higher volatility of 8.25% compared to iShares MSCI World ETF (URTH) at 4.70%. This indicates that CGC's price experiences larger fluctuations and is considered to be riskier than URTH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CGC | URTH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.25% | 4.70% | +3.55% |
Volatility (6M)Calculated over the trailing 6-month period | 44.63% | 10.23% | +34.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 103.05% | 12.64% | +90.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 124.26% | 16.27% | +107.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 103.38% | 17.20% | +86.18% |
Dividends
CGC vs. URTH - Dividend Comparison
CGC has not paid dividends to shareholders, while URTH's dividend yield for the trailing twelve months is around 1.43%.
| Position | 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% |
URTH iShares MSCI World ETF | 1.43% | 1.48% | 1.47% | 1.70% | 1.68% | 1.50% | 1.52% | 2.16% | 2.30% | 1.88% | 2.15% | 2.35% |
Frequently Asked Questions
CGC and URTH have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CGC has higher volatility (8.25%) compared to URTH (4.70%). In terms of maximum drawdown, CGC dropped -99.85% vs URTH's -34.01%.
URTH currently has the higher Sharpe Ratio (1.70 vs -0.26), 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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