CRON vs GLAS: Correlation
Measured on weekly returns over the past three years, Cronos Group Inc. - Common Share (CRON) and Glass House Brands Inc. Subordinate Voting Shares (GLAS) carry a correlation of 0.39, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRON and GLAS?
Across a 3-year window, the weekly returns of CRON and GLAS correlate at 0.39, moderate. The link has tightened recently: the 1-year correlation (0.53) runs above the 3-year figure (0.39). Stretching to 5 years gives 0.25, with an annualized covariance of 1030.6 %².
Among the 13 assets we track against CRON, GLAS ranks #8 by 3-year correlation. On 12-month performance CRON holds a 13.7-point edge, +32.4% against +18.7%. Risk is not evenly split, since GLAS carries 1.5 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.
CRON vs GLAS: side by side
| CRON (Cronos Group Inc. - Common Share) | GLAS (Glass House Brands Inc. Subordinate Voting Shares) | |
|---|---|---|
| 1-year return | +32.4% | +18.7% |
| 5-year return | -47.1% | +124.8% |
| Volatility (ann.) | 41.8% | 62.8% |
| Beta vs S&P 500 | 0.75 | 0.87 |
| Max drawdown (3Y) | -46.4% | -61.4% |
| Market cap | $1.2B | $0.9B |
| P/E (trailing) | 18.8 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CRON | GLAS |
|---|---|---|
| 2022 | -35.2% | -50.2% |
| 2023 | -17.7% | +147.6% |
| 2024 | -3.3% | +22.6% |
| 2025 | +30.2% | +52.6% |
| 2026 | +28.9% | +10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRON and GLAS good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.39 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CRON and GLAS?
As of 2026-08-27, the correlation of weekly returns between CRON and GLAS is 0.39 over 3 years, 0.53 over 1 year and 0.25 over 5 years.
Is GLAS a good diversifier for CRON?
Yes, to a useful degree: a correlation of 0.39 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.39 mean?
A reading of 0.39 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/cron-vs-glas.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cron-vs-glas/)
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Related comparisons
Hubs: CRON correlations · GLAS correlations
