ACB vs SNDL: Correlation
Measured on weekly returns over the past three years, Aurora Cannabis Inc. (ACB) and SNDL Inc. (SNDL) carry a correlation of 0.53, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ACB and SNDL?
Across a 3-year window, the weekly returns of ACB and SNDL correlate at 0.53, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.69 versus 0.53 over 3 years. Stretching to 5 years gives 0.57, with an annualized covariance of 2581.6 %².
Few assets follow ACB as closely as SNDL, which ranks #2 of 15 tracked partners. Correlation aside, the last 12 months split them widely, with ACB ahead by 21.8 points (-24.8% versus -46.6%). Risk is not evenly split, since ACB carries 1.9 times the volatility of the other side.
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 SNDL: side by side
| ACB (Aurora Cannabis Inc.) | SNDL (SNDL Inc.) | |
|---|---|---|
| 1-year return | -24.8% | -46.6% |
| 5-year return | -94.4% | -81.9% |
| Volatility (ann.) | 94.9% | 51.2% |
| Beta vs S&P 500 | 1.23 | 0.81 |
| Max drawdown (3Y) | -73.8% | -57.4% |
| Market cap | $0.3B | $0.3B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ACB | SNDL |
|---|---|---|
| 2022 | -82.9% | -63.8% |
| 2023 | -48.4% | -21.5% |
| 2024 | -10.7% | +9.1% |
| 2025 | -0.7% | -7.3% |
| 2026 | -5.0% | -18.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ACB and SNDL good diversifiers for each other?
To a limited degree. At 0.53 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between ACB and SNDL?
The ACB/SNDL correlation stands at 0.53 on a 3-year window (1 year: 0.69, 5 years: 0.57), computed from weekly returns as of 2026-08-27.
Is SNDL a good diversifier for ACB?
To a limited degree. At 0.53 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.53 mean?
A reading of 0.53 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/acb-vs-sndl.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/acb-vs-sndl/)
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Related comparisons
Hubs: ACB correlations · SNDL correlations
