CGC vs SFWL: Correlation
Canopy Growth Corporation (CGC) and Shengfeng Development Limited - Class A (SFWL) show a moderate relationship: their 3-year correlation of weekly returns is 0.31.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CGC and SFWL?
Over the past 3 years, CGC and SFWL moved with a correlation of 0.31, which is moderate. Lately the two have drifted apart, with the 1-year correlation at -0.21 versus 0.31 over 3 years. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 3848.4 %².
By 3-year correlation, SFWL places #12 of the 17 assets tracked against CGC. Correlation aside, the last 12 months split them widely, with SFWL ahead by 18.7 points (-33.1% versus -14.4%).
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 SFWL: side by side
| CGC (Canopy Growth Corporation) | SFWL (Shengfeng Development Limited - Class A) | |
|---|---|---|
| 1-year return | -33.1% | -14.4% |
| 5-year return | -99.4% | n/a |
| Volatility (ann.) | 133.1% | 94.3% |
| Beta vs S&P 500 | 1.82 | 0.08 |
| Max drawdown (3Y) | -95.1% | -95.9% |
| Market cap | $0.5B | $0.1B |
| P/E (trailing) | – | 6.2 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CGC | SFWL |
|---|---|---|
| 2022 | -73.5% | – |
| 2023 | -77.9% | – |
| 2024 | -46.4% | -63.3% |
| 2025 | -58.4% | -12.0% |
| 2026 | -11.4% | -8.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CGC and SFWL good diversifiers for each other?
Reasonably. At 0.31, CGC and SFWL keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CGC and SFWL?
As of 2026-08-27, the correlation of weekly returns between CGC and SFWL is 0.31 over 3 years, -0.21 over 1 year and n/a over 5 years.
Is SFWL a good diversifier for CGC?
Reasonably. At 0.31, CGC and SFWL keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.31 mean?
On the −1 to +1 scale, 0.31 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.
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Related comparisons
Hubs: CGC correlations · SFWL correlations
