SNDL vs. SANW

Last updated Aug 1, 2026

SNDL (Sundial Growers Inc.) and SANW (S&W Seed Company) are both stocks. SNDL operates in Drug Manufacturers - Specialty & Generic (Healthcare), while SANW operates in Farm Products (Consumer Defensive). Over the past 5 years, SNDL returned -31.66%/yr vs -77.89%/yr for SANW. Their 0.14 correlation means their historical movements had little consistent relationship.

Performance

SNDL vs. SANW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Sundial Growers Inc. (SNDL) and S&W Seed Company (SANW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SNDL achieves a -25.90% return, which is significantly higher than SANW's -66.60% return.

SNDL

• 1D: -1.60%
• 1M: -10.55%
• 6M: -20.13%
• YTD: -25.90%
• 1Y: -25.45%
• 3Y*: -8.30%
• 5Y*: -31.66%
• 10Y*: —
• ALL TIME*: -48.63%

SANW

• 1D: 0.00%
• 1M: 2,683.33%
• 6M: -69.64%
• YTD: -66.60%
• 1Y: -96.47%
• 3Y*: -88.74%
• 5Y*: -77.89%
• 10Y*: -54.58%
• ALL TIME*: -38.44%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
SANW S&W Seed Company	$0.42	$0.36	$7.68
SNDL Sundial Growers Inc.	$2.52M	$2.41M	$2.77M

SNDL vs. SANW - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
SNDL Sundial Growers Inc.	-25.90%	-7.26%	9.15%	-21.53%	-63.86%	22.13%	-84.27%	-76.88%
SANW S&W Seed Company	-66.60%	-98.75%	-39.92%	-53.02%	-45.42%	-6.83%	39.52%	-29.05%

Correlation

The correlation between SNDL and SANW is -0.06, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.06
Correlation (3Y) Balances recent behavior with more history.	0.04
Correlation (5Y) Shows whether the relationship held over a longer period.	0.14
Correlation (All Time) Calculated using the full available price history since Aug 1, 2019	0.14

The correlation between SNDL and SANW shifts across timeframes, from -0.06 (1 year) to 0.14 (all time), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap SNDL : $320.17M SANW : $2.36K
Total Revenue (TTM) SNDL : CA$928.39M SANW : $37.76M
Gross Profit (TTM) SNDL : CA$243.57M SANW : $7.89M
EBITDA (TTM) SNDL : CA$37.40M SANW : -$14.24M

Return for Risk

SNDL vs. SANW — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

SNDL

SNDL Risk / Return Rank: 26
SNDL Sharpe Ratio Rank: 24
SNDL Sortino Ratio Rank: 25
SNDL Omega Ratio Rank: 25
SNDL Calmar Ratio Rank: 26
SNDL Martin Ratio Rank: 30

SANW

SANW Risk / Return Rank: 53
SANW Sharpe Ratio Rank: 43
SANW Sortino Ratio Rank: 100
SANW Omega Ratio Rank: 100
SANW Calmar Ratio Rank: 3
SANW Martin Ratio Rank: 17

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

SNDL vs. SANW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Sundial Growers Inc. (SNDL) and S&W Seed Company (SANW). 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	SANW	Difference
Sharpe ratio: Return per unit of total volatility	-0.45	-0.03	-0.42
Sortino ratio: Return per unit of downside risk	-0.34	18.39	-18.73
Omega ratio: Gain probability vs. loss probability	0.96	4.36	-3.40
Calmar ratio: Return relative to maximum drawdown	-0.50	-0.98	+0.48
Martin ratio: Return relative to average drawdown	-0.71	-1.14	+0.43

SNDL vs. SANW - Sharpe Ratio Comparison

The current SNDL Sharpe Ratio is -0.45, which is lower than the SANW Sharpe Ratio of -0.03. The chart below compares the historical Sharpe Ratios of SNDL and SANW, 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

SNDL vs. SANW - Drawdown Comparison

The maximum SNDL drawdown since its inception was -99.08%, roughly equal to the maximum SANW drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for SNDL and SANW.

Drawdown Indicators

	SNDL	SANW	Difference
Max Drawdown Largest peak-to-trough decline	-99.08%	-100.00%	+0.92%
Max Drawdown (1Y) Largest decline over 1 year	-57.37%	-99.88%	+42.51%
Max Drawdown (3Y) Largest decline over 3 years	-57.37%	-99.99%	+42.62%
Max Drawdown (5Y) Largest decline over 5 years	-86.96%	-100.00%	+13.04%
Max Drawdown (10Y) Largest decline over 10 years	—	-100.00%	—
Current Drawdown Current decline from peak	-99.06%	-99.98%	+0.92%
Average Drawdown Average peak-to-trough decline	-94.51%	-63.07%	-31.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	40.15%	90.98%	-50.83%

Volatility

SNDL vs. SANW - Volatility Comparison

The current volatility for Sundial Growers Inc. (SNDL) is 15.34%, while S&W Seed Company (SANW) has a volatility of 341.87%. This indicates that SNDL experiences smaller price fluctuations and is considered to be less risky than SANW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SNDL	SANW	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.34%	341.87%	-326.53%
Volatility (6M) Calculated over the trailing 6-month period	32.46%	733.37%	-700.91%
Volatility (1Y) Calculated over the trailing 1-year period	66.86%	3,113.90%	-3,047.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	70.17%	1,399.95%	-1,329.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	114.04%	990.20%	-876.16%

Dividends

SNDL vs. SANW - Dividend Comparison

Neither SNDL nor SANW has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both SNDL and SANW in my portfolio?

SNDL and SANW have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SNDL or SANW?

SANW has higher volatility (341.87%) compared to SNDL (15.34%). In terms of maximum drawdown, SNDL dropped -99.08% vs SANW's -100.00%.

Which has better risk-adjusted returns?

SANW currently has the higher Sharpe Ratio (-0.03 vs -0.45), 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.