ACB vs CRON: Correlation
Measured on weekly returns over the past three years, Aurora Cannabis Inc. (ACB) and Cronos Group Inc. - Common Share (CRON) carry a correlation of 0.47, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ACB and CRON?
Across a 3-year window, the weekly returns of ACB and CRON correlate at 0.47, moderate. Recent behaviour matches the longer record: 0.55 over 1 year against 0.47 over 3. Stretching to 5 years gives 0.56, with an annualized covariance of 1865.0 %².
Within ACB's tracked universe of 15 assets, CRON comes in at #4 by 3-year correlation. The last year tells two different stories: CRON led by 57.2 percentage points, -24.8% for ACB against +32.4% for CRON. Note the risk asymmetry: ACB runs 2.3 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 CRON: side by side
| ACB (Aurora Cannabis Inc.) | CRON (Cronos Group Inc. - Common Share) | |
|---|---|---|
| 1-year return | -24.8% | +32.4% |
| 5-year return | -94.4% | -47.1% |
| Volatility (ann.) | 94.9% | 41.8% |
| Beta vs S&P 500 | 1.23 | 0.75 |
| Max drawdown (3Y) | -73.8% | -46.4% |
| Market cap | $0.3B | $1.2B |
| P/E (trailing) | – | 18.8 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ACB | CRON |
|---|---|---|
| 2022 | -82.9% | -35.2% |
| 2023 | -48.4% | -17.7% |
| 2024 | -10.7% | -3.3% |
| 2025 | -0.7% | +30.2% |
| 2026 | -5.0% | +28.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ACB and CRON good diversifiers for each other?
Reasonably. At 0.47, ACB and CRON keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ACB and CRON?
The ACB/CRON correlation stands at 0.47 on a 3-year window (1 year: 0.55, 5 years: 0.56), computed from weekly returns as of 2026-08-27.
Is CRON a good diversifier for ACB?
Reasonably. At 0.47, ACB and CRON keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.47 mean?
On the −1 to +1 scale, 0.47 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/acb-vs-cron.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/acb-vs-cron/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ACB correlations · CRON correlations
