CGON vs. CANC

Last updated Apr 1, 2026

Compare and contrast key facts about CG Oncology, Inc (CGON) and Tema Oncology ETF (CANC).

CANC is an actively managed fund by Tema. It was launched on Aug 14, 2023.

Performance

CGON vs. CANC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in CG Oncology, Inc (CGON) and Tema Oncology ETF (CANC). The values are adjusted to include any dividend payments, if applicable.

CGON vs. CANC - Yearly Performance Comparison

	2026 (YTD)	2025	2024
CGON CG Oncology, Inc	63.01%	44.77%	-22.84%
CANC Tema Oncology ETF	5.69%	42.92%	-4.51%

Returns By Period

In the year-to-date period, CGON achieves a 63.01% return, which is significantly higher than CANC's 5.69% return.

CGON

• 1D: 5.82%
• 1M: 15.10%
• YTD: 63.01%
• 6M: 68.02%
• 1Y: 176.36%
• 3Y*: —
• 5Y*: —
• 10Y*: —

CANC

• 1D: 4.66%
• 1M: -2.88%
• YTD: 5.69%
• 6M: 27.93%
• 1Y: 52.46%
• 3Y*: 140.00%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

CGON vs. CANC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CGON

CGON Risk / Return Rank: 92
CGON Sharpe Ratio Rank: 94
CGON Sortino Ratio Rank: 91
CGON Omega Ratio Rank: 91
CGON Calmar Ratio Rank: 91
CGON Martin Ratio Rank: 94

CANC

CANC Risk / Return Rank: 90
CANC Sharpe Ratio Rank: 89
CANC Sortino Ratio Rank: 90
CANC Omega Ratio Rank: 82
CANC Calmar Ratio Rank: 94
CANC Martin Ratio Rank: 93

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CGON vs. CANC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for CG Oncology, Inc (CGON) and Tema Oncology ETF (CANC). 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.

	CGON	CANC	Difference
Sharpe ratio Return per unit of total volatility	2.50	1.94	+0.56
Sortino ratio Return per unit of downside risk	3.00	2.59	+0.41
Omega ratio Gain probability vs. loss probability	1.42	1.32	+0.09
Calmar ratio Return relative to maximum drawdown	4.30	3.86	+0.44
Martin ratio Return relative to average drawdown	15.60	13.76	+1.84
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CGON vs. CANC - Sharpe Ratio Comparison

The current CGON Sharpe Ratio is 2.50, which is comparable to the CANC Sharpe Ratio of 1.94. The chart below compares the historical Sharpe Ratios of CGON and CANC, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	CGON	CANC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.50	1.94	+0.56
Sharpe Ratio (All Time) Calculated using the full available price history	0.49	-0.04	+0.52

Correlation

The correlation between CGON and CANC is 0.52, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

CGON vs. CANC - Dividend Comparison

CGON has not paid dividends to shareholders, while CANC's dividend yield for the trailing twelve months is around 0.05%.

	TTM	2025	2024	2023
CGON CG Oncology, Inc	0.00%	0.00%	0.00%	0.00%
CANC Tema Oncology ETF	0.05%	0.06%	3.00%	0.56%

Drawdowns

CGON vs. CANC - Drawdown Comparison

The maximum CGON drawdown since its inception was -67.47%, smaller than the maximum CANC drawdown of -97.53%. Use the drawdown chart below to compare losses from any high point for CGON and CANC.

Drawdown Indicators

	CGON	CANC	Difference
Max Drawdown Largest peak-to-trough decline	-67.47%	-97.53%	+30.06%
Max Drawdown (1Y) Largest decline over 1 year	-29.90%	-12.40%	-17.50%
Current Drawdown Current decline from peak	-1.40%	-56.19%	+54.79%
Average Drawdown Average peak-to-trough decline	-27.36%	-73.91%	+46.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.01%	3.61%	+6.40%

Volatility

CGON vs. CANC - Volatility Comparison

CG Oncology, Inc (CGON) has a higher volatility of 13.55% compared to Tema Oncology ETF (CANC) at 8.36%. This indicates that CGON's price experiences larger fluctuations and is considered to be riskier than CANC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CGON	CANC	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.55%	8.36%	+5.19%
Volatility (6M) Calculated over the trailing 6-month period	42.77%	16.34%	+26.43%
Volatility (1Y) Calculated over the trailing 1-year period	71.55%	27.24%	+44.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	65.29%	285.66%	-220.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	65.29%	285.66%	-220.37%