CGC vs. TLRY
CGC (Canopy Growth Corporation) and TLRY (Tilray Brands, Inc.) are both stocks. Both operate in the Drug Manufacturers - Specialty & Generic industry within the Healthcare sector. Over the past 5 years, CGC returned -65.55%/yr vs -50.06%/yr for TLRY. Their 0.70 correlation means they have sometimes moved together and sometimes differently.
Performance
CGC vs. TLRY - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, CGC achieves a -19.54% return, which is significantly higher than TLRY's -49.72% return.
CGC
- 1D
- -0.08%
- 1M
- -8.27%
- 6M
- -15.84%
- YTD
- -19.54%
- 1Y
- -12.64%
- 3Y*
- -42.07%
- 5Y*
- -65.55%
- 10Y*
- -28.19%
- ALL TIME*
- -23.41%
TLRY
- 1D
- 8.10%
- 1M
- -1.73%
- 6M
- -39.14%
- YTD
- -49.72%
- 1Y
- -20.17%
- 3Y*
- -42.43%
- 5Y*
- -50.06%
- 10Y*
- —
- ALL TIME*
- -38.67%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.09M | $2.86M | $5.51M | |
| $22.99M | $19.43M | $19.08M |
CGC vs. TLRY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
CGC Canopy Growth Corporation | -19.54% | -58.39% | -46.38% | -77.88% | -73.54% | -64.57% | 16.83% | -21.51% | 0.98% |
TLRY Tilray Brands, Inc. | -49.72% | -32.11% | -42.17% | -14.50% | -61.74% | -14.89% | -51.78% | -75.72% | 206.03% |
Correlation
The correlation between CGC and TLRY is 0.72, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.72 |
Correlation (3Y) Balances recent behavior with more history. | 0.69 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.74 |
Correlation (All Time) Calculated using the full available price history since Jul 19, 2018 | 0.70 |
The correlation between CGC and TLRY has been stable across timeframes, ranging from 0.69 to 0.74 - a consistent structural relationship.
Fundamentals
CGC:
$387.24M
TLRY:
$544.81M
CGC:
-CA$1.09
TLRY:
-$0.95
CGC:
1.38
TLRY:
0.55
CGC:
0.71
TLRY:
0.31
CGC:
CA$312.34M
TLRY:
$915.45M
CGC:
CA$77.66M
TLRY:
$260.44M
CGC:
-CA$205.34M
TLRY:
-$41.47M
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
CGC vs. TLRY — Risk / Return Rank
CGC
TLRY
CGC vs. TLRY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Canopy Growth Corporation (CGC) and Tilray Brands, 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.
| CGC | TLRY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.07 | ||
| Sortino ratioReturn per unit of downside risk | -0.07 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.08 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | -0.20 | -0.27 | +0.07 |
| Martin ratioReturn relative to average drawdown | -0.28 | -0.38 | +0.10 |
Loading charts...
Drawdowns
CGC vs. TLRY - Drawdown Comparison
The maximum CGC drawdown since its inception was -99.85%, roughly equal to the maximum TLRY drawdown of -99.83%. Use the drawdown chart below to compare losses from any high point for CGC and TLRY.
Loading charts...
Drawdown Indicators
| CGC | TLRY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.85% | -99.83% | -0.02% |
Max Drawdown (1Y)Largest decline over 1 year | -55.38% | -81.52% | +26.14% |
Max Drawdown (3Y)Largest decline over 3 years | -95.10% | -89.12% | -5.98% |
Max Drawdown (5Y)Largest decline over 5 years | -99.57% | -97.57% | -2.00% |
Max Drawdown (10Y)Largest decline over 10 years | -99.85% | — | — |
Current DrawdownCurrent decline from peak | -99.84% | -99.79% | -0.05% |
Average DrawdownAverage peak-to-trough decline | -62.55% | -91.53% | +28.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 39.03% | 57.91% | -18.88% |
Volatility
CGC vs. TLRY - Volatility Comparison
The current volatility for Canopy Growth Corporation (CGC) is 10.63%, while Tilray Brands, Inc. (TLRY) has a volatility of 14.15%. This indicates that CGC experiences smaller price fluctuations and is considered to be less risky than TLRY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| CGC | TLRY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.63% | 14.15% | -3.52% |
Volatility (6M)Calculated over the trailing 6-month period | 41.04% | 39.06% | +1.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 100.77% | 123.40% | -22.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 124.17% | 94.05% | +30.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 103.27% | 111.08% | -7.81% |
Dividends
CGC vs. TLRY - Dividend Comparison
Neither CGC nor TLRY has paid dividends to shareholders.
Financials
CGC vs. TLRY - Financials Comparison
This section allows you to compare key financial metrics between Canopy Growth Corporation and Tilray Brands, Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
Frequently Asked Questions
CGC and TLRY have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TLRY has higher volatility (14.15%) compared to CGC (10.63%). In terms of maximum drawdown, CGC dropped -99.85% vs TLRY's -99.83%.
CGC currently has the higher Sharpe Ratio (-0.11 vs -0.18), 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.
Find the right allocation for CGC and TLRY
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer