TAP vs. CRON

Last updated Jun 13, 2026

TAP (Molson Coors Brewing Company) and CRON (Cronos Group Inc.) are both stocks. TAP operates in Beverages - Brewers (Consumer Defensive), while CRON operates in Drug Manufacturers - Specialty & Generic (Healthcare). Over the past 5 years, TAP returned -4.02%/yr vs -21.36%/yr for CRON. At a 0.17 correlation, their price movements are largely independent.

Performance

TAP vs. CRON - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Molson Coors Brewing Company (TAP) and Cronos Group Inc. (CRON). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TAP achieves a -8.93% return, which is significantly lower than CRON's 1.90% return.

TAP

• 1D: 1.59%
• 1M: 3.03%
• YTD: -8.93%
• 6M: -10.69%
• 1Y: -14.29%
• 3Y*: -12.05%
• 5Y*: -4.02%
• 10Y*: -6.04%

CRON

• 1D: -2.55%
• 1M: 1.90%
• YTD: 1.90%
• 6M: -18.04%
• 1Y: 38.86%
• 3Y*: 15.05%
• 5Y*: -21.36%
• 10Y*: —

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

TAP vs. CRON - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TAP Molson Coors Brewing Company	-8.93%	-15.53%	-3.43%	22.15%	14.39%	4.12%	-15.20%	-0.44%	-29.88%	-14.11%
CRON Cronos Group Inc.	1.90%	30.20%	-3.35%	-17.72%	-35.20%	-43.52%	-9.52%	-26.18%	34.43%	600.87%

Correlation

The correlation between TAP and CRON is 0.09, 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	0.09
Correlation (3Y) Calculated over the trailing 3-year period	0.17
Correlation (5Y) Calculated over the trailing 5-year period	0.20
Correlation (All Time) Calculated using the full available price history since Jul 12, 2016	0.17

The correlation between TAP and CRON shifts across timeframes, from 0.09 (1 year) to 0.20 (5 years), reflecting how their relationship changes across market environments.

Fundamentals

EPS TAP : -$10.76 CRON : -$0.01
PS Ratio TAP : 0.73 CRON : 3.52
Total Revenue (TTM) TAP : $11.19B CRON : $220.07M
Gross Profit (TTM) TAP : $4.23B CRON : $68.18M
EBITDA (TTM) TAP : -$1.54B CRON : $2.28M

Return for Risk

TAP vs. CRON — Risk / Return Rank

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

TAP

TAP Risk / Return Rank: 18
TAP Sharpe Ratio Rank: 16
TAP Sortino Ratio Rank: 17
TAP Omega Ratio Rank: 18
TAP Calmar Ratio Rank: 23
TAP Martin Ratio Rank: 16

CRON

CRON Risk / Return Rank: 66
CRON Sharpe Ratio Rank: 67
CRON Sortino Ratio Rank: 68
CRON Omega Ratio Rank: 64
CRON Calmar Ratio Rank: 68
CRON Martin Ratio Rank: 64

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.

TAP vs. CRON - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Molson Coors Brewing Company (TAP) and Cronos Group Inc. (CRON). 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.

	TAP	CRON	Difference
Sharpe ratio: Return per unit of total volatility	-0.61	0.75	-1.36
Sortino ratio: Return per unit of downside risk	-0.73	1.49	-2.22
Omega ratio: Gain probability vs. loss probability	0.92	1.17	-0.25
Calmar ratio: Return relative to maximum drawdown	-0.57	1.29	-1.87
Martin ratio: Return relative to average drawdown	-1.18	2.27	-3.45

TAP vs. CRON - Sharpe Ratio Comparison

The current TAP Sharpe Ratio is -0.61, which is lower than the CRON Sharpe Ratio of 0.75. The chart below compares the historical Sharpe Ratios of TAP and CRON, 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

TAP vs. CRON - Drawdown Comparison

The maximum TAP drawdown since its inception was -67.73%, smaller than the maximum CRON drawdown of -93.16%. Use the drawdown chart below to compare losses from any high point for TAP and CRON.

Drawdown Indicators

	TAP	CRON	Difference
Max Drawdown Largest peak-to-trough decline	-67.73%	-93.16%	+25.43%
Max Drawdown (1Y) Largest decline over 1 year	-27.75%	-26.91%	-0.84%
Max Drawdown (3Y) Largest decline over 3 years	-39.73%	-46.36%	+6.63%
Max Drawdown (5Y) Largest decline over 5 years	-39.73%	-82.06%	+42.33%
Max Drawdown (10Y) Largest decline over 10 years	-67.73%	—	—
Current Drawdown Current decline from peak	-51.73%	-88.69%	+36.96%
Average Drawdown Average peak-to-trough decline	-22.80%	-63.61%	+40.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.49%	15.34%	-1.85%

Volatility

TAP vs. CRON - Volatility Comparison

The current volatility for Molson Coors Brewing Company (TAP) is 7.28%, while Cronos Group Inc. (CRON) has a volatility of 9.44%. This indicates that TAP experiences smaller price fluctuations and is considered to be less risky than CRON based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TAP	CRON	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.28%	9.44%	-2.16%
Volatility (6M) Calculated over the trailing 6-month period	19.54%	30.10%	-10.56%
Volatility (1Y) Calculated over the trailing 1-year period	26.09%	46.46%	-20.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.65%	53.86%	-28.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.50%	74.63%	-46.13%

Dividends

TAP vs. CRON - Dividend Comparison

TAP's dividend yield for the trailing twelve months is around 4.57%, while CRON has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CRON Cronos Group Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
TAP Molson Coors Brewing Company	4.57%	4.03%	3.07%	2.68%	2.95%	1.47%	1.26%	3.64%	2.92%	2.00%	1.69%	1.75%

Financials

TAP vs. CRON - Profitability Comparison

The chart below illustrates the profitability comparison between Molson Coors Brewing Company and Cronos Group Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

TAP - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Molson Coors Brewing Company reported a gross profit of 897.20M and revenue of 2.35B. Therefore, the gross margin over that period was 38.2%.

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%.

TAP - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Molson Coors Brewing Company reported an operating income of 258.30M and revenue of 2.35B, resulting in an operating margin of 11.0%.

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%.

TAP - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Molson Coors Brewing Company reported a net income of 151.30M and revenue of 2.35B, resulting in a net margin of 6.4%.

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%.

Frequently Asked Questions

Can I hold both TAP and CRON in my portfolio?

TAP and CRON have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TAP or CRON?

CRON has higher volatility (9.44%) compared to TAP (7.28%). In terms of maximum drawdown, TAP dropped -67.73% vs CRON's -93.16%.

Which has better risk-adjusted returns?

CRON currently has the higher Sharpe Ratio (0.75 vs -0.61), 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.