HITI vs. SNDL

Last updated Jun 3, 2026

HITI (High Tide Inc) and SNDL (Sundial Growers Inc.) are both stocks. Both are in the Healthcare sector — HITI in Pharmaceutical Retailers, SNDL in Drug Manufacturers - Specialty & Generic. Over the past 5 years, HITI returned -22.93%/yr vs -35.50%/yr for SNDL. At a 0.34 correlation, their price movements are largely independent.

Performance

HITI vs. SNDL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in High Tide Inc (HITI) and Sundial Growers Inc. (SNDL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HITI achieves a -9.81% return, which is significantly higher than SNDL's -13.25% return.

HITI

• 1D: -1.65%
• 1M: -2.45%
• YTD: -9.81%
• 6M: -9.47%
• 1Y: 4.37%
• 3Y*: 22.50%
• 5Y*: -22.93%
• 10Y*: —

SNDL

• 1D: -1.37%
• 1M: 2.13%
• YTD: -13.25%
• 6M: -15.29%
• 1Y: 13.39%
• 3Y*: -0.91%
• 5Y*: -35.50%
• 10Y*: —

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

HITI vs. SNDL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
HITI High Tide Inc	-9.81%	-14.24%	89.57%	5.84%	-63.76%	41.45%	47.39%	-53.55%
SNDL Sundial Growers Inc.	-13.25%	-7.26%	9.15%	-21.53%	-63.86%	22.13%	-84.27%	-64.50%

Correlation

The correlation between HITI and SNDL is 0.52, 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	0.52
Correlation (3Y) Calculated over the trailing 3-year period	0.45
Correlation (5Y) Calculated over the trailing 5-year period	0.46
Correlation (All Time) Calculated using the full available price history since Aug 2, 2019	0.34

The correlation between HITI and SNDL shifts across timeframes, from 0.34 (all time) to 0.52 (1 year), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap HITI : $209.64M SNDL : $376.27M
EPS HITI : -$0.53 SNDL : -$0.04
PS Ratio HITI : 0.33 SNDL : 0.40
PB Ratio HITI : 2.37 SNDL : 0.35
Total Revenue (TTM) HITI : $630.13M SNDL : $940.66M
Gross Profit (TTM) HITI : $133.02M SNDL : $242.63M
EBITDA (TTM) HITI : -$8.26M SNDL : $43.64M

Return for Risk

HITI vs. SNDL — Risk / Return Rank

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

HITI

HITI Risk / Return Rank: 42
HITI Sharpe Ratio Rank: 43
HITI Sortino Ratio Rank: 42
HITI Omega Ratio Rank: 40
HITI Calmar Ratio Rank: 43
HITI Martin Ratio Rank: 43

SNDL

SNDL Risk / Return Rank: 47
SNDL Sharpe Ratio Rank: 47
SNDL Sortino Ratio Rank: 51
SNDL Omega Ratio Rank: 49
SNDL Calmar Ratio Rank: 46
SNDL Martin Ratio Rank: 44

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.

HITI vs. SNDL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for High Tide Inc (HITI) and Sundial Growers Inc. (SNDL). 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.

	HITI	SNDL	Difference
Sharpe ratio Return per unit of total volatility	0.09	0.20	-0.11
Sortino ratio Return per unit of downside risk	0.53	0.89	-0.35
Omega ratio Gain probability vs. loss probability	1.06	1.11	-0.05
Calmar ratio Return relative to maximum drawdown	0.14	0.25	-0.11
Martin ratio Return relative to average drawdown	0.22	0.39	-0.17
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HITI vs. SNDL - Sharpe Ratio Comparison

The current HITI Sharpe Ratio is 0.09, which is lower than the SNDL Sharpe Ratio of 0.20. The chart below compares the historical Sharpe Ratios of HITI and SNDL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	HITI	SNDL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.09	0.20	-0.11
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.37	-0.50	+0.13
Sharpe Ratio (All Time) Calculated using the full available price history	-0.09	-0.39	+0.31

Drawdowns

HITI vs. SNDL - Drawdown Comparison

The maximum HITI drawdown since its inception was -91.20%, smaller than the maximum SNDL drawdown of -99.07%. Use the drawdown chart below to compare losses from any high point for HITI and SNDL.

Drawdown Indicators

	HITI	SNDL	Difference
Max Drawdown Largest peak-to-trough decline	-91.20%	-99.07%	+7.87%
Max Drawdown (1Y) Largest decline over 1 year	-44.22%	-54.17%	+9.95%
Max Drawdown (3Y) Largest decline over 3 years	-51.56%	-54.34%	+2.78%
Max Drawdown (5Y) Largest decline over 5 years	-87.81%	-89.57%	+1.76%
Current Drawdown Current decline from peak	-79.78%	-98.89%	+19.11%
Average Drawdown Average peak-to-trough decline	-68.43%	-94.42%	+25.99%
Ulcer Index Depth and duration of drawdowns from previous peaks	28.65%	34.26%	-5.61%

Volatility

HITI vs. SNDL - Volatility Comparison

High Tide Inc (HITI) has a higher volatility of 9.56% compared to Sundial Growers Inc. (SNDL) at 8.37%. This indicates that HITI's price experiences larger fluctuations and is considered to be riskier than SNDL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HITI	SNDL	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.56%	8.37%	+1.19%
Volatility (6M) Calculated over the trailing 6-month period	30.75%	42.83%	-12.08%
Volatility (1Y) Calculated over the trailing 1-year period	49.57%	68.50%	-18.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	62.83%	71.37%	-8.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	81.50%	114.47%	-32.97%

Dividends

HITI vs. SNDL - Dividend Comparison

Neither HITI nor SNDL has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

HITI vs. SNDL - Profitability Comparison

The chart below illustrates the profitability comparison between High Tide Inc and Sundial Growers Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

HITI - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, High Tide Inc reported a gross profit of 14.93M and revenue of 178.61M. Therefore, the gross margin over that period was 8.4%.

SNDL - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Sundial Growers Inc. reported a gross profit of 40.62M and revenue of 199.17M. Therefore, the gross margin over that period was 20.4%.

HITI - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, High Tide Inc reported an operating income of 4.14M and revenue of 178.61M, resulting in an operating margin of 2.3%.

SNDL - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Sundial Growers Inc. reported an operating income of -11.47M and revenue of 199.17M, resulting in an operating margin of -5.8%.

HITI - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, High Tide Inc reported a net income of 1.21M and revenue of 178.61M, resulting in a net margin of 0.7%.

SNDL - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Sundial Growers Inc. reported a net income of -10.08M and revenue of 199.17M, resulting in a net margin of -5.1%.

Frequently Asked Questions

Can I hold both HITI and SNDL in my portfolio?

HITI and SNDL have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HITI or SNDL?

HITI has higher volatility (9.56%) compared to SNDL (8.37%). In terms of maximum drawdown, HITI dropped -91.20% vs SNDL's -99.07%.

Which has better risk-adjusted returns?

SNDL currently has the higher Sharpe Ratio (0.20 vs 0.09), 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.