CGC vs IHT: Correlation
Measured on weekly returns over the past three years, Canopy Growth Corporation (CGC) and InnSuites Hospitality Trust Shares of Beneficial Interest (IHT) carry a correlation of -0.24, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CGC and IHT?
On 3 years of weekly data the CGC/IHT correlation comes out at -0.24, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.22 versus -0.24 over 3 years. The 5-year figure is -0.17, and annualized covariance runs at -1740.1 %².
Out of 17 assets tracked against CGC, IHT lands near the bottom at #16. Neither side won the trailing year by much: -33.1% against -33.8%. Note the risk asymmetry: CGC runs 2.4 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.
CGC vs IHT: side by side
| CGC (Canopy Growth Corporation) | IHT (InnSuites Hospitality Trust Shares of Beneficial Interest) | |
|---|---|---|
| 1-year return | -33.1% | -33.8% |
| 5-year return | -99.4% | -63.6% |
| Volatility (ann.) | 133.1% | 55.0% |
| Beta vs S&P 500 | 1.82 | 0.07 |
| Max drawdown (3Y) | -95.1% | -69.6% |
| Market cap | $0.5B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 1.44% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CGC | IHT |
|---|---|---|
| 2022 | -73.5% | -22.9% |
| 2023 | -77.9% | +2.3% |
| 2024 | -46.4% | +29.5% |
| 2025 | -58.4% | -37.4% |
| 2026 | -11.4% | -3.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CGC and IHT good diversifiers for each other?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
FAQ
What is the correlation between CGC and IHT?
The CGC/IHT correlation stands at -0.24 on a 3-year window (1 year: 0.22, 5 years: -0.17), computed from weekly returns as of 2026-08-27.
Is IHT a good diversifier for CGC?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
What does a correlation of -0.24 mean?
A reading of -0.24 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/cgc-vs-iht.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cgc-vs-iht/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CGC correlations · IHT correlations
