CRON vs SNDL: Correlation
Measured on weekly returns over the past three years, Cronos Group Inc. - Common Share (CRON) and SNDL Inc. (SNDL) carry a correlation of 0.60, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRON and SNDL?
Over the past 3 years, CRON and SNDL moved with a correlation of 0.60, which is strong. The past 12 months show a tighter link (0.76) than the 3-year average (0.60). Over 5 years the correlation is 0.64, and the annualized covariance of weekly returns is 1286.5 %².
Few assets follow CRON as closely as SNDL, which ranks #2 of 13 tracked partners. Correlation aside, the last 12 months split them widely, with CRON ahead by 79.0 points (+32.4% versus -46.6%).
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 SNDL: side by side
| CRON (Cronos Group Inc. - Common Share) | SNDL (SNDL Inc.) | |
|---|---|---|
| 1-year return | +32.4% | -46.6% |
| 5-year return | -47.1% | -81.9% |
| Volatility (ann.) | 41.8% | 51.2% |
| Beta vs S&P 500 | 0.75 | 0.81 |
| Max drawdown (3Y) | -46.4% | -57.4% |
| Market cap | $1.2B | $0.3B |
| P/E (trailing) | 18.8 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CRON | SNDL |
|---|---|---|
| 2022 | -35.2% | -63.8% |
| 2023 | -17.7% | -21.5% |
| 2024 | -3.3% | +9.1% |
| 2025 | +30.2% | -7.3% |
| 2026 | +28.9% | -18.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRON and SNDL good diversifiers for each other?
To a limited degree. At 0.60 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 CRON and SNDL?
As of 2026-08-27, the correlation of weekly returns between CRON and SNDL is 0.60 over 3 years, 0.76 over 1 year and 0.64 over 5 years.
Is SNDL a good diversifier for CRON?
To a limited degree. At 0.60 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 0.60 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/cron-vs-sndl.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cron-vs-sndl/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CRON correlations · SNDL correlations
