CRON vs. CGC
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 -20.64%/yr vs -66.39%/yr for CGC. A 0.66 correlation means they provide meaningful diversification when combined.
Performance
CRON vs. CGC - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, CRON achieves a 3.04% return, which is significantly higher than CGC's -8.77% return.
CRON
- 1D
- -0.73%
- 1M
- 2.26%
- YTD
- 3.04%
- 6M
- 7.97%
- 1Y
- 40.41%
- 3Y*
- 15.69%
- 5Y*
- -20.64%
- 10Y*
- —
CGC
- 1D
- -1.89%
- 1M
- -5.45%
- YTD
- -8.77%
- 6M
- -10.34%
- 1Y
- -14.05%
- 3Y*
- -49.86%
- 5Y*
- -66.39%
- 10Y*
- -25.74%
CRON vs. CGC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CRON Cronos Group Inc. | 3.04% | 30.20% | -3.35% | -17.72% | -35.20% | -43.52% | -9.52% | -26.18% | 34.43% | 600.87% |
CGC Canopy Growth Corporation | -8.77% | -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 0.62, 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 | 0.62 |
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 13, 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
CRON:
-$0.01
CGC:
-$1.21
CRON:
3.56
CGC:
0.95
CRON:
$220.07M
CGC:
$294.24M
CRON:
$68.18M
CGC:
$71.95M
CRON:
$2.28M
CGC:
-$225.88M
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
CRON vs. CGC — Risk / Return Rank
CRON
CGC
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.
| CRON | CGC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.01 | ||
| Sortino ratioReturn per unit of downside risk | +1.02 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.07 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.51 | -0.25 | +1.76 |
| Martin ratioReturn relative to average drawdown | 2.68 | -0.39 | +3.08 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| CRON | CGC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.88 | -0.13 | +1.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.38 | -0.54 | +0.15 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.25 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | -0.25 | +0.69 |
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.
Loading charts...
Drawdown Indicators
| CRON | CGC | Difference | |
|---|---|---|---|
Max DrawdownLargest 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 | -82.12% | -99.68% | +17.56% |
Max Drawdown (10Y)Largest decline over 10 years | — | -99.85% | — |
Current DrawdownCurrent decline from peak | -88.57% | -99.82% | +11.25% |
Average DrawdownAverage peak-to-trough decline | -63.56% | -62.08% | -1.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.11% | 35.79% | -20.68% |
Volatility
CRON vs. CGC - Volatility Comparison
The current volatility for Cronos Group Inc. (CRON) is 11.65%, while Canopy Growth Corporation (CGC) has a volatility of 13.73%. This indicates that CRON experiences smaller price fluctuations and is considered to be less risky than CGC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| CRON | CGC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.65% | 13.73% | -2.08% |
Volatility (6M)Calculated over the trailing 6-month period | 31.17% | 66.74% | -35.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 46.33% | 107.19% | -60.86% |
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 | 74.73% | 103.36% | -28.63% |
Dividends
CRON vs. CGC - Dividend Comparison
Neither CRON nor CGC has paid dividends to shareholders.
Financials
CRON vs. CGC - Financials Comparison
This section allows you to compare key financial metrics between Cronos Group Inc. and Canopy Growth Corporation. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
CRON vs. CGC - Profitability Comparison
CRON - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Cronos Group Inc. reported a gross profit of 19.15M and revenue of 58.97M. Therefore, the gross margin over that period was 32.5%.
CGC - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Canopy Growth Corporation reported a gross profit of 21.47M and revenue of 90.39M. Therefore, the gross margin over that period was 23.8%.
CRON - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Cronos Group Inc. reported an operating income of -1.83M and revenue of 58.97M, resulting in an operating margin of -3.1%.
CGC - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Canopy Growth Corporation reported an operating income of -26.35M and revenue of 90.39M, resulting in an operating margin of -29.2%.
CRON - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Cronos Group Inc. reported a net income of 13.75M and revenue of 58.97M, resulting in a net margin of 23.3%.
CGC - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Canopy Growth Corporation reported a net income of -62.63M and revenue of 90.39M, resulting in a net margin of -69.3%.
Frequently Asked Questions
CRON and CGC have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CGC has higher volatility (13.73%) compared to CRON (11.65%). In terms of maximum drawdown, CRON dropped -93.16% vs CGC's -99.85%.
CRON currently has the higher Sharpe Ratio (0.88 vs -0.13), 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.
Find the right allocation for CRON and CGC
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer