SNDL vs. OGI
SNDL (Sundial Growers Inc.) and OGI (OrganiGram Holdings Inc.) are both stocks. Both operate in the Drug Manufacturers - Specialty & Generic industry within the Healthcare sector. Over the past 5 years, SNDL returned -32.23%/yr vs -40.05%/yr for OGI. A 0.58 correlation means they provide meaningful diversification when combined.
Performance
SNDL vs. OGI - Performance Comparison
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Returns By Period
In the year-to-date period, SNDL achieves a -13.86% return, which is significantly higher than OGI's -43.39% return.
SNDL
- 1D
- 2.14%
- 1M
- -1.38%
- YTD
- -13.86%
- 6M
- -19.66%
- 1Y
- 15.32%
- 3Y*
- 4.59%
- 5Y*
- -32.23%
- 10Y*
- —
OGI
- 1D
- -0.94%
- 1M
- -15.09%
- YTD
- -43.39%
- 6M
- -45.34%
- 1Y
- -25.70%
- 3Y*
- -15.93%
- 5Y*
- -40.05%
- 10Y*
- -11.42%
SNDL vs. OGI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
SNDL Sundial Growers Inc. | -13.86% | -7.26% | 9.15% | -21.53% | -63.86% | 22.13% | -84.27% | -76.88% |
OGI OrganiGram Holdings Inc. | -43.39% | 4.35% | 22.90% | -59.06% | -54.29% | 31.58% | -45.71% | -59.10% |
Correlation
The correlation between SNDL and OGI is 0.59, 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 | 0.59 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.61 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.64 |
Correlation (All Time) Calculated using the full available price history since Aug 1, 2019 | 0.58 |
The correlation between SNDL and OGI has been stable across timeframes, ranging from 0.58 to 0.64 - a consistent structural relationship.
Fundamentals
SNDL:
$373.66M
OGI:
$125.12M
SNDL:
-CA$0.04
OGI:
-CA$0.19
SNDL:
0.56
OGI:
0.66
SNDL:
0.49
OGI:
0.48
SNDL:
CA$940.66M
OGI:
CA$274.29M
SNDL:
CA$242.63M
OGI:
CA$72.27M
SNDL:
CA$43.64M
OGI:
-CA$17.68M
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Return for Risk
SNDL vs. OGI — Risk / Return Rank
SNDL
OGI
SNDL vs. OGI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Sundial Growers Inc. (SNDL) and OrganiGram Holdings Inc. (OGI). 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.
| SNDL | OGI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.65 | ||
| Sortino ratioReturn per unit of downside risk | +1.22 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 0.97 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 0.28 | -0.47 | +0.75 |
| Martin ratioReturn relative to average drawdown | 0.43 | -0.97 | +1.39 |
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Drawdowns
SNDL vs. OGI - Drawdown Comparison
The maximum SNDL drawdown since its inception was -99.07%, roughly equal to the maximum OGI drawdown of -97.37%. Use the drawdown chart below to compare losses from any high point for SNDL and OGI.
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Drawdown Indicators
| SNDL | OGI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.07% | -97.37% | -1.70% |
Max Drawdown (1Y)Largest decline over 1 year | -54.17% | -54.93% | +0.76% |
Max Drawdown (3Y)Largest decline over 3 years | -54.34% | -67.65% | +13.31% |
Max Drawdown (5Y)Largest decline over 5 years | -87.64% | -92.52% | +4.88% |
Max Drawdown (10Y)Largest decline over 10 years | — | -97.37% | — |
Current DrawdownCurrent decline from peak | -98.90% | -97.15% | -1.75% |
Average DrawdownAverage peak-to-trough decline | -94.44% | -67.05% | -27.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 36.12% | 26.65% | +9.47% |
Volatility
SNDL vs. OGI - Volatility Comparison
The current volatility for Sundial Growers Inc. (SNDL) is 6.79%, while OrganiGram Holdings Inc. (OGI) has a volatility of 7.87%. This indicates that SNDL experiences smaller price fluctuations and is considered to be less risky than OGI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SNDL | OGI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.79% | 7.87% | -1.08% |
Volatility (6M)Calculated over the trailing 6-month period | 30.86% | 40.42% | -9.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 68.30% | 60.89% | +7.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 70.32% | 68.64% | +1.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 114.76% | 80.18% | +34.58% |
Dividends
SNDL vs. OGI - Dividend Comparison
Neither SNDL nor OGI has paid dividends to shareholders.
Financials
SNDL vs. OGI - Financials Comparison
This section allows you to compare key financial metrics between Sundial Growers Inc. and OrganiGram Holdings Inc.. 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
SNDL vs. OGI - Profitability Comparison
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%.
OGI - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, OrganiGram Holdings Inc. reported a gross profit of -9.03M and revenue of 59.95M. Therefore, the gross margin over that period was -15.1%.
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%.
OGI - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, OrganiGram Holdings Inc. reported an operating income of -33.13M and revenue of 59.95M, resulting in an operating margin of -55.3%.
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%.
OGI - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, OrganiGram Holdings Inc. reported a net income of -923.38K and revenue of 59.95M, resulting in a net margin of -1.5%.
Frequently Asked Questions
SNDL and OGI have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
OGI has higher volatility (7.87%) compared to SNDL (6.79%). In terms of maximum drawdown, SNDL dropped -99.07% vs OGI's -97.37%.
SNDL currently has the higher Sharpe Ratio (0.23 vs -0.42), 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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