CGC vs VFF: Correlation
Canopy Growth Corporation (CGC) and Village Farms International, Inc. (VFF) show a moderate relationship: their 3-year correlation of weekly returns is 0.52.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CGC and VFF?
Across a 3-year window, the weekly returns of CGC and VFF correlate at 0.52, moderate. Little has changed lately, as the 1-year reading of 0.50 lands near the 3-year figure. Stretching to 5 years gives 0.46, with an annualized covariance of 5369.7 %².
Among the 17 assets we track against CGC, VFF ranks #4 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months VFF outperformed by 27.5 percentage points (-33.1% for CGC against -5.6% for VFF). Note the risk asymmetry: CGC runs 1.7 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 VFF: side by side
| CGC (Canopy Growth Corporation) | VFF (Village Farms International, Inc.) | |
|---|---|---|
| 1-year return | -33.1% | -5.6% |
| 5-year return | -99.4% | -69.7% |
| Volatility (ann.) | 133.1% | 78.2% |
| Beta vs S&P 500 | 1.82 | 1.61 |
| Max drawdown (3Y) | -95.1% | -68.6% |
| Market cap | $0.5B | $0.3B |
| P/E (trailing) | – | 15.9 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CGC | VFF |
|---|---|---|
| 2022 | -73.5% | -79.1% |
| 2023 | -77.9% | -43.2% |
| 2024 | -46.4% | +1.3% |
| 2025 | -58.4% | +373.4% |
| 2026 | -11.4% | -21.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CGC and VFF good diversifiers for each other?
To a limited degree. At 0.52 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 CGC and VFF?
The CGC/VFF correlation stands at 0.52 on a 3-year window (1 year: 0.50, 5 years: 0.46), computed from weekly returns as of 2026-08-27.
Is VFF a good diversifier for CGC?
To a limited degree. At 0.52 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 0.52 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/cgc-vs-vff.json
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Related comparisons
Hubs: CGC correlations · VFF correlations
