SNDL vs VFF: Correlation
How closely do SNDL Inc. (SNDL) and Village Farms International, Inc. (VFF) trade together? Their weekly returns over three years give a correlation of 0.55, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SNDL and VFF?
Over the past 3 years, SNDL and VFF moved with a correlation of 0.55, which is moderate. Recent behaviour matches the longer record: 0.49 over 1 year against 0.55 over 3. Over 5 years the correlation is 0.52, and the annualized covariance of weekly returns is 2222.7 %².
By 3-year correlation, VFF places #5 of the 18 assets tracked against SNDL. The last year tells two different stories: VFF led by 41.0 percentage points, -46.6% for SNDL against -5.6% for VFF. Note the risk asymmetry: VFF runs 1.5 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.
SNDL vs VFF: side by side
| SNDL (SNDL Inc.) | VFF (Village Farms International, Inc.) | |
|---|---|---|
| 1-year return | -46.6% | -5.6% |
| 5-year return | -81.9% | -69.7% |
| Volatility (ann.) | 51.2% | 78.2% |
| Beta vs S&P 500 | 0.81 | 1.61 |
| Max drawdown (3Y) | -57.4% | -68.6% |
| Market cap | $0.3B | $0.3B |
| P/E (trailing) | – | 15.9 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SNDL | VFF |
|---|---|---|
| 2022 | -63.8% | -79.1% |
| 2023 | -21.5% | -43.2% |
| 2024 | +9.1% | +1.3% |
| 2025 | -7.3% | +373.4% |
| 2026 | -18.7% | -21.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SNDL and VFF good diversifiers for each other?
Somewhat, no more. With 0.55 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between SNDL and VFF?
Using weekly returns as of 2026-08-27: 0.55 over 3 years, with 0.49 over the last year and 0.52 over 5 years.
Is VFF a good diversifier for SNDL?
Somewhat, no more. With 0.55 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.55 mean?
On the −1 to +1 scale, 0.55 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/sndl-vs-vff.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/sndl-vs-vff/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: SNDL correlations · VFF correlations
