SOY.TO vs. OTLY

Last updated Jun 5, 2026

SOY.TO (SunOpta Inc.) and OTLY (Oatly Group AB) are both stocks. Both are in the Consumer Defensive sector — SOY.TO in Packaged Foods, OTLY in Beverages - Non-Alcoholic. At a 0.25 correlation, their price movements are largely independent.

Performance

SOY.TO vs. OTLY - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in SunOpta Inc. (SOY.TO) and Oatly Group AB (OTLY). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

SOY.TO is traded in CAD, while OTLY is traded in USD. To make them comparable, the OTLY values have been converted to CAD using the latest available exchange rates.

Returns By Period

SOY.TO

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

OTLY

• 1D: -4.35%
• 1M: -22.55%
• YTD: -22.18%
• 6M: -32.05%
• 1Y: -27.22%
• 3Y*: -38.04%
• 5Y*: -54.34%
• 10Y*: —

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

SOY.TO vs. OTLY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
SOY.TO SunOpta Inc.	69.02%	-52.88%	53.53%	-36.47%	29.76%	-43.93%
OTLY Oatly Group AB	-22.18%	-23.06%	-39.01%	-33.68%	-76.58%	-58.69%

Correlation

The correlation between SOY.TO and OTLY is 0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.02
Correlation (3Y) Calculated over the trailing 3-year period	0.10
Correlation (5Y) Calculated over the trailing 5-year period	0.25
Correlation (All Time) Calculated using the full available price history since May 21, 2021	0.25

Over the past year, the correlation between SOY.TO and OTLY has dropped to 0.02 - well below their long-term average of 0.25, suggesting their price drivers have been diverging.

Fundamentals

Market Cap SOY.TO : CA$1.05B OTLY : $255.73M
EPS SOY.TO : CA$0.13 OTLY : -$4.97
PS Ratio SOY.TO : 1.32 OTLY : 0.28
PB Ratio SOY.TO : 6.12 OTLY : 72.38
Total Revenue (TTM) SOY.TO : CA$817.71M OTLY : $893.25M
Gross Profit (TTM) SOY.TO : CA$116.55M OTLY : $291.07M
EBITDA (TTM) SOY.TO : CA$79.43M OTLY : -$70.91M

Return for Risk

SOY.TO vs. OTLY — Risk / Return Rank

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

SOY.TO

SOY.TO Risk / Return Rank: 61
SOY.TO Sharpe Ratio Rank: 59
SOY.TO Sortino Ratio Rank: 63
SOY.TO Omega Ratio Rank: 68
SOY.TO Calmar Ratio Rank: 57
SOY.TO Martin Ratio Rank: 57

OTLY

OTLY Risk / Return Rank: 22
OTLY Sharpe Ratio Rank: 20
OTLY Sortino Ratio Rank: 22
OTLY Omega Ratio Rank: 23
OTLY Calmar Ratio Rank: 24
OTLY Martin Ratio Rank: 23

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.

SOY.TO vs. OTLY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SunOpta Inc. (SOY.TO) and Oatly Group AB (OTLY). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	SOY.TO	OTLY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-0.46	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.70	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	-0.68	—

Drawdowns

Drawdown Indicators

	SOY.TO	OTLY	Difference
Max Drawdown Largest peak-to-trough decline	—	-98.60%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-55.51%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-83.55%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-98.60%	—
Current Drawdown Current decline from peak	—	-98.37%	—
Average Drawdown Average peak-to-trough decline	—	-87.00%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	30.98%	—

Volatility

Volatility by Period

	SOY.TO	OTLY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	18.56%	—
Volatility (6M) Calculated over the trailing 6-month period	—	44.22%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	59.07%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	77.43%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	77.55%	—

Dividends

SOY.TO vs. OTLY - Dividend Comparison

Neither SOY.TO nor OTLY has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

SOY.TO vs. OTLY - Profitability Comparison

The chart below illustrates the profitability comparison between SunOpta Inc. and Oatly Group AB over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

SOY.TO - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, SunOpta Inc. reported a gross profit of 29.84M and revenue of 219.19M. Therefore, the gross margin over that period was 13.6%.

OTLY - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Oatly Group AB reported a gross profit of 76.34M and revenue of 228.33M. Therefore, the gross margin over that period was 33.4%.

SOY.TO - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, SunOpta Inc. reported an operating income of 12.45M and revenue of 219.19M, resulting in an operating margin of 5.7%.

OTLY - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Oatly Group AB reported an operating income of -11.35M and revenue of 228.33M, resulting in an operating margin of -5.0%.

SOY.TO - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, SunOpta Inc. reported a net income of 5.79M and revenue of 219.19M, resulting in a net margin of 2.6%.

OTLY - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Oatly Group AB reported a net income of -12.01M and revenue of 228.33M, resulting in a net margin of -5.3%.

Frequently Asked Questions

Can I hold both SOY.TO and OTLY in my portfolio?

SOY.TO and OTLY have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.