OGI vs SNDL: Correlation
How closely do Organigram Global Inc. (OGI) and SNDL Inc. (SNDL) trade together? Their weekly returns over three years give a correlation of 0.45, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are OGI and SNDL?
Across a 3-year window, the weekly returns of OGI and SNDL correlate at 0.45, moderate. Little has changed lately, as the 1-year reading of 0.53 lands near the 3-year figure. Stretching to 5 years gives 0.52, with an annualized covariance of 1479.4 %².
By 3-year correlation, SNDL places #4 of the 11 assets tracked against OGI. Their recent paths diverged sharply: over the last 12 months OGI outperformed by 20.3 percentage points (-26.3% for OGI against -46.6% for SNDL).
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.
OGI vs SNDL: side by side
| OGI (Organigram Global Inc.) | SNDL (SNDL Inc.) | |
|---|---|---|
| 1-year return | -26.3% | -46.6% |
| 5-year return | -88.1% | -81.9% |
| Volatility (ann.) | 64.6% | 51.2% |
| Beta vs S&P 500 | 1.67 | 0.81 |
| Max drawdown (3Y) | -68.0% | -57.4% |
| Market cap | $0.2B | $0.3B |
| P/E (trailing) | 2.9 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | OGI | SNDL |
|---|---|---|
| 2022 | -54.3% | -63.8% |
| 2023 | -59.1% | -21.5% |
| 2024 | +22.9% | +9.1% |
| 2025 | +4.3% | -7.3% |
| 2026 | -26.8% | -18.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OGI and SNDL good diversifiers for each other?
A fair diversifier. At 0.45, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between OGI and SNDL?
Using weekly returns as of 2026-08-27: 0.45 over 3 years, with 0.53 over the last year and 0.52 over 5 years.
Is SNDL a good diversifier for OGI?
A fair diversifier. At 0.45, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.45 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/ogi-vs-sndl.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ogi-vs-sndl/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: OGI correlations · SNDL correlations
