ACB vs CGC: Correlation
Measured on weekly returns over the past three years, Aurora Cannabis Inc. (ACB) and Canopy Growth Corporation (CGC) carry a correlation of 0.61, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ACB and CGC?
Over the past 3 years, ACB and CGC moved with a correlation of 0.61, which is strong. Little has changed lately, as the 1-year reading of 0.63 lands near the 3-year figure. Over 5 years the correlation is 0.63, and the annualized covariance of weekly returns is 7663.0 %².
CGC is one of the assets that tracks ACB most closely: it ranks #1 out of the 15 assets we track against ACB. The trailing year gives ACB the advantage: -24.8% versus -33.1%, a 8.3-point spread.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
ACB vs CGC: side by side
| ACB (Aurora Cannabis Inc.) | CGC (Canopy Growth Corporation) | |
|---|---|---|
| 1-year return | -24.8% | -33.1% |
| 5-year return | -94.4% | -99.4% |
| Volatility (ann.) | 94.9% | 133.1% |
| Beta vs S&P 500 | 1.23 | 1.82 |
| Max drawdown (3Y) | -73.8% | -95.1% |
| Market cap | $0.3B | $0.5B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ACB | CGC |
|---|---|---|
| 2022 | -82.9% | -73.5% |
| 2023 | -48.4% | -77.9% |
| 2024 | -10.7% | -46.4% |
| 2025 | -0.7% | -58.4% |
| 2026 | -5.0% | -11.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ACB and CGC good diversifiers for each other?
Somewhat, no more. With 0.61 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between ACB and CGC?
Using weekly returns as of 2026-08-27: 0.61 over 3 years, with 0.63 over the last year and 0.63 over 5 years.
Is CGC a good diversifier for ACB?
Somewhat, no more. With 0.61 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.61 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/acb-vs-cgc.json
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[](https://www.pairbook.io/pair/acb-vs-cgc/)
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Related comparisons
Hubs: ACB correlations · CGC correlations
