ACB vs. TLRY

Last updated Jun 23, 2026

ACB (Aurora Cannabis Inc.) and TLRY (Tilray, Inc.) are both stocks. Both operate in the Drug Manufacturers - Specialty & Generic industry within the Healthcare sector. Over the past 5 years, ACB returned -49.82%/yr vs -51.78%/yr for TLRY. A 0.68 correlation means they provide meaningful diversification when combined.

Performance

ACB vs. TLRY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Aurora Cannabis Inc. (ACB) and Tilray, Inc. (TLRY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ACB achieves a -31.99% return, which is significantly higher than TLRY's -49.17% return.

ACB

• 1D: -2.05%
• 1M: -17.05%
• YTD: -31.99%
• 6M: -38.81%
• 1Y: -29.66%
• 3Y*: -19.55%
• 5Y*: -49.82%
• 10Y*: -23.86%

TLRY

• 1D: -2.96%
• 1M: -13.23%
• YTD: -49.17%
• 6M: -55.95%
• 1Y: 27.50%
• 3Y*: -32.91%
• 5Y*: -51.78%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ACB vs. TLRY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
ACB Aurora Cannabis Inc.	-31.99%	-0.71%	-10.75%	-48.38%	-82.95%	-34.90%	-67.94%	-56.45%	-18.02%
TLRY Tilray, Inc.	-49.17%	-32.11%	-42.17%	-14.50%	-61.74%	-14.89%	-51.78%	-75.72%	206.03%

Correlation

The correlation between ACB and TLRY is 0.73, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.73
Correlation (3Y) Calculated over the trailing 3-year period	0.65
Correlation (5Y) Calculated over the trailing 5-year period	0.73
Correlation (All Time) Calculated using the full available price history since Jul 19, 2018	0.68

The correlation between ACB and TLRY has been stable across timeframes, ranging from 0.65 to 0.73 - a consistent structural relationship.

Fundamentals

EPS ACB : -CA$1.33 TLRY : -$25.09
PS Ratio ACB : 0.74 TLRY : 0.30
Total Revenue (TTM) ACB : CA$310.87M TLRY : $1.11B
Gross Profit (TTM) ACB : CA$176.08M TLRY : $307.02M
EBITDA (TTM) ACB : CA$10.48M TLRY : -$1.84B

Return for Risk

ACB vs. TLRY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ACB

ACB Risk / Return Rank: 23
ACB Sharpe Ratio Rank: 22
ACB Sortino Ratio Rank: 24
ACB Omega Ratio Rank: 24
ACB Calmar Ratio Rank: 22
ACB Martin Ratio Rank: 23

TLRY

TLRY Risk / Return Rank: 56
TLRY Sharpe Ratio Rank: 50
TLRY Sortino Ratio Rank: 68
TLRY Omega Ratio Rank: 63
TLRY Calmar Ratio Rank: 51
TLRY Martin Ratio Rank: 49

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ACB vs. TLRY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Aurora Cannabis Inc. (ACB) and Tilray, Inc. (TLRY). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	ACB	TLRY	Difference
Sharpe ratio: Return per unit of total volatility	-0.46	0.21	-0.67
Sortino ratio: Return per unit of downside risk	-0.35	1.59	-1.94
Omega ratio: Gain probability vs. loss probability	0.96	1.17	-0.21
Calmar ratio: Return relative to maximum drawdown	-0.55	0.35	-0.91
Martin ratio: Return relative to average drawdown	-0.94	0.53	-1.47

ACB vs. TLRY - Sharpe Ratio Comparison

The current ACB Sharpe Ratio is -0.46, which is lower than the TLRY Sharpe Ratio of 0.21. The chart below compares the historical Sharpe Ratios of ACB and TLRY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ACB vs. TLRY - Drawdown Comparison

The maximum ACB drawdown since its inception was -99.80%, roughly equal to the maximum TLRY drawdown of -99.83%. Use the drawdown chart below to compare losses from any high point for ACB and TLRY.

Drawdown Indicators

	ACB	TLRY	Difference
Max Drawdown Largest peak-to-trough decline	-99.80%	-99.83%	+0.03%
Max Drawdown (1Y) Largest decline over 1 year	-53.93%	-78.14%	+24.21%
Max Drawdown (3Y) Largest decline over 3 years	-70.80%	-89.12%	+18.32%
Max Drawdown (5Y) Largest decline over 5 years	-96.93%	-98.07%	+1.14%
Max Drawdown (10Y) Largest decline over 10 years	-99.80%	—	—
Current Drawdown Current decline from peak	-99.80%	-99.79%	-0.01%
Average Drawdown Average peak-to-trough decline	-70.71%	-91.41%	+20.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	31.63%	51.73%	-20.10%

Volatility

ACB vs. TLRY - Volatility Comparison

Aurora Cannabis Inc. (ACB) has a higher volatility of 12.65% compared to Tilray, Inc. (TLRY) at 11.77%. This indicates that ACB's price experiences larger fluctuations and is considered to be riskier than TLRY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ACB	TLRY	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.65%	11.77%	+0.88%
Volatility (6M) Calculated over the trailing 6-month period	37.60%	41.98%	-4.38%
Volatility (1Y) Calculated over the trailing 1-year period	65.40%	131.04%	-65.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	89.74%	94.88%	-5.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	97.78%	111.73%	-13.95%

Dividends

ACB vs. TLRY - Dividend Comparison

Neither ACB nor TLRY has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both ACB and TLRY in my portfolio?

ACB and TLRY have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ACB or TLRY?

ACB has higher volatility (12.65%) compared to TLRY (11.77%). In terms of maximum drawdown, ACB dropped -99.80% vs TLRY's -99.83%.

Which has better risk-adjusted returns?

TLRY currently has the higher Sharpe Ratio (0.21 vs -0.46), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.