CRON vs. CGC

Last updated Jun 24, 2026

CRON (Cronos Group Inc.) and CGC (Canopy Growth Corporation) are both stocks. Both operate in the Drug Manufacturers - Specialty & Generic industry within the Healthcare sector. Over the past 5 years, CRON returned -21.51%/yr vs -67.15%/yr for CGC. A 0.66 correlation means they provide meaningful diversification when combined.

Performance

CRON vs. CGC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Cronos Group Inc. (CRON) and Canopy Growth Corporation (CGC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CRON achieves a 2.28% return, which is significantly higher than CGC's -17.00% return.

CRON

• 1D: 1.51%
• 1M: -1.82%
• YTD: 2.28%
• 6M: -2.18%
• 1Y: 43.85%
• 3Y*: 14.12%
• 5Y*: -21.51%
• 10Y*: —

CGC

• 1D: -1.14%
• 1M: -9.02%
• YTD: -17.00%
• 6M: -32.41%
• 1Y: -20.49%
• 3Y*: -43.24%
• 5Y*: -67.15%
• 10Y*: -26.89%

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

CRON vs. CGC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CRON Cronos Group Inc.	2.28%	30.20%	-3.35%	-17.72%	-35.20%	-43.52%	-9.52%	-26.18%	34.43%	600.87%
CGC Canopy Growth Corporation	-17.00%	-58.39%	-46.38%	-77.88%	-73.54%	-64.57%	16.83%	-21.51%	13.58%	246.87%

Correlation

The correlation between CRON and CGC is 0.63, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.63
Correlation (3Y) Calculated over the trailing 3-year period	0.62
Correlation (5Y) Calculated over the trailing 5-year period	0.68
Correlation (All Time) Calculated using the full available price history since Jul 12, 2016	0.66

The correlation between CRON and CGC has been stable across timeframes, ranging from 0.62 to 0.68 - a consistent structural relationship.

Fundamentals

EPS CRON : -$0.01 CGC : -CA$1.23
PS Ratio CRON : 3.53 CGC : 1.28
Total Revenue (TTM) CRON : $220.07M CGC : CA$312.34M
Gross Profit (TTM) CRON : $68.18M CGC : CA$77.66M
EBITDA (TTM) CRON : $2.28M CGC : -CA$205.34M

Return for Risk

CRON vs. CGC — Risk / Return Rank

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

CRON

CRON Risk / Return Rank: 70
CRON Sharpe Ratio Rank: 71
CRON Sortino Ratio Rank: 72
CRON Omega Ratio Rank: 68
CRON Calmar Ratio Rank: 72
CRON Martin Ratio Rank: 67

CGC

CGC Risk / Return Rank: 36
CGC Sharpe Ratio Rank: 34
CGC Sortino Ratio Rank: 42
CGC Omega Ratio Rank: 41
CGC Calmar Ratio Rank: 31
CGC Martin Ratio Rank: 32

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.

CRON vs. CGC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Cronos Group Inc. (CRON) and Canopy Growth Corporation (CGC). 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.

	CRON	CGC	Difference
Sharpe ratio: Return per unit of total volatility	0.95	-0.20	+1.15
Sortino ratio: Return per unit of downside risk	1.75	0.45	+1.30
Omega ratio: Gain probability vs. loss probability	1.20	1.05	+0.15
Calmar ratio: Return relative to maximum drawdown	1.64	-0.37	+2.01
Martin ratio: Return relative to average drawdown	2.82	-0.58	+3.40

CRON vs. CGC - Sharpe Ratio Comparison

The current CRON Sharpe Ratio is 0.95, which is higher than the CGC Sharpe Ratio of -0.20. The chart below compares the historical Sharpe Ratios of CRON and CGC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

CRON vs. CGC - Drawdown Comparison

The maximum CRON drawdown since its inception was -93.16%, smaller than the maximum CGC drawdown of -99.85%. Use the drawdown chart below to compare losses from any high point for CRON and CGC.

Drawdown Indicators

	CRON	CGC	Difference
Max Drawdown Largest peak-to-trough decline	-93.16%	-99.85%	+6.69%
Max Drawdown (1Y) Largest decline over 1 year	-26.91%	-55.38%	+28.47%
Max Drawdown (3Y) Largest decline over 3 years	-46.36%	-95.10%	+48.74%
Max Drawdown (5Y) Largest decline over 5 years	-81.78%	-99.67%	+17.89%
Max Drawdown (10Y) Largest decline over 10 years	—	-99.85%	—
Current Drawdown Current decline from peak	-88.65%	-99.83%	+11.18%
Average Drawdown Average peak-to-trough decline	-63.67%	-62.22%	-1.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	15.57%	35.51%	-19.94%

Volatility

CRON vs. CGC - Volatility Comparison

Cronos Group Inc. (CRON) has a higher volatility of 9.11% compared to Canopy Growth Corporation (CGC) at 8.31%. This indicates that CRON's price experiences larger fluctuations and is considered to be riskier than CGC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CRON	CGC	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.11%	8.31%	+0.80%
Volatility (6M) Calculated over the trailing 6-month period	25.46%	46.40%	-20.94%
Volatility (1Y) Calculated over the trailing 1-year period	46.46%	103.10%	-56.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	53.91%	124.27%	-70.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	74.56%	103.39%	-28.83%

Dividends

CRON vs. CGC - Dividend Comparison

Neither CRON nor CGC has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both CRON and CGC in my portfolio?

CRON and CGC have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CRON or CGC?

CRON has higher volatility (9.11%) compared to CGC (8.31%). In terms of maximum drawdown, CRON dropped -93.16% vs CGC's -99.85%.

Which has better risk-adjusted returns?

CRON currently has the higher Sharpe Ratio (0.95 vs -0.20), 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.