CRON vs. TLRY
CRON (Cronos Group 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, CRON returned -20.64%/yr vs -51.38%/yr for TLRY. A 0.68 correlation means they provide meaningful diversification when combined.
Performance
CRON vs. TLRY - Performance Comparison
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Returns By Period
In the year-to-date period, CRON achieves a 3.04% return, which is significantly higher than TLRY's -43.41% return.
CRON
- 1D
- -0.73%
- 1M
- 2.26%
- YTD
- 3.04%
- 6M
- 7.97%
- 1Y
- 40.41%
- 3Y*
- 15.69%
- 5Y*
- -20.64%
- 10Y*
- —
TLRY
- 1D
- -5.02%
- 1M
- -13.39%
- YTD
- -43.41%
- 6M
- -27.62%
- 1Y
- 27.62%
- 3Y*
- -33.27%
- 5Y*
- -51.38%
- 10Y*
- —
CRON vs. TLRY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
CRON Cronos Group Inc. | 3.04% | 30.20% | -3.35% | -17.72% | -35.20% | -43.52% | -9.52% | -26.18% | 52.12% |
TLRY Tilray, Inc. | -43.41% | -32.11% | -42.17% | -14.50% | -61.74% | -14.89% | -51.78% | -75.72% | 215.05% |
Correlation
The correlation between CRON and TLRY is 0.62, 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 | 0.62 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.65 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.72 |
Correlation (All Time) Calculated using the full available price history since Jul 20, 2018 | 0.68 |
The correlation between CRON and TLRY has been stable across timeframes, ranging from 0.62 to 0.72 - a consistent structural relationship.
Fundamentals
CRON:
-$0.01
TLRY:
-$25.09
CRON:
3.56
TLRY:
0.33
CRON:
$220.07M
TLRY:
$1.11B
CRON:
$68.18M
TLRY:
$307.02M
CRON:
$2.28M
TLRY:
-$1.84B
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Return for Risk
CRON vs. TLRY — Risk / Return Rank
CRON
TLRY
CRON vs. TLRY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Cronos Group Inc. (CRON) 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.
| CRON | TLRY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.67 | ||
| Sortino ratioReturn per unit of downside risk | +0.08 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.17 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.51 | 0.37 | +1.14 |
| Martin ratioReturn relative to average drawdown | 2.68 | 0.57 | +2.12 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CRON | TLRY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.88 | 0.21 | +0.67 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.38 | -0.54 | +0.16 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | -0.34 | +0.78 |
Drawdowns
CRON vs. TLRY - Drawdown Comparison
The maximum CRON drawdown since its inception was -93.16%, smaller than the maximum TLRY drawdown of -99.83%. Use the drawdown chart below to compare losses from any high point for CRON and TLRY.
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Drawdown Indicators
| CRON | TLRY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -93.16% | -99.83% | +6.67% |
Max Drawdown (1Y)Largest decline over 1 year | -26.91% | -75.67% | +48.76% |
Max Drawdown (3Y)Largest decline over 3 years | -46.36% | -89.12% | +42.76% |
Max Drawdown (5Y)Largest decline over 5 years | -82.12% | -98.32% | +16.20% |
Current DrawdownCurrent decline from peak | -88.57% | -99.76% | +11.19% |
Average DrawdownAverage peak-to-trough decline | -63.56% | -91.40% | +27.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.11% | 49.01% | -33.90% |
Volatility
CRON vs. TLRY - Volatility Comparison
Cronos Group Inc. (CRON) has a higher volatility of 11.65% compared to Tilray, Inc. (TLRY) at 10.87%. This indicates that CRON'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.
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Volatility by Period
| CRON | TLRY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.65% | 10.87% | +0.78% |
Volatility (6M)Calculated over the trailing 6-month period | 31.17% | 64.10% | -32.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 46.33% | 131.31% | -84.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 53.91% | 94.98% | -41.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 74.73% | 112.04% | -37.31% |
Dividends
CRON vs. TLRY - Dividend Comparison
Neither CRON nor TLRY has paid dividends to shareholders.
Financials
CRON vs. TLRY - Financials Comparison
This section allows you to compare key financial metrics between Cronos Group Inc. and Tilray, 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
CRON vs. TLRY - Profitability Comparison
CRON - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Cronos Group Inc. reported a gross profit of 19.15M and revenue of 58.97M. Therefore, the gross margin over that period was 32.5%.
TLRY - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Tilray, Inc. reported a gross profit of 54.95M and revenue of 206.73M. Therefore, the gross margin over that period was 26.6%.
CRON - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Cronos Group Inc. reported an operating income of -1.83M and revenue of 58.97M, resulting in an operating margin of -3.1%.
TLRY - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Tilray, Inc. reported an operating income of -26.39M and revenue of 206.73M, resulting in an operating margin of -12.8%.
CRON - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Cronos Group Inc. reported a net income of 13.75M and revenue of 58.97M, resulting in a net margin of 23.3%.
TLRY - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Tilray, Inc. reported a net income of 0.00 and revenue of 206.73M, resulting in a net margin of 0.0%.
Frequently Asked Questions
CRON and TLRY have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CRON has higher volatility (11.65%) compared to TLRY (10.87%). In terms of maximum drawdown, CRON dropped -93.16% vs TLRY's -99.83%.
CRON currently has the higher Sharpe Ratio (0.88 vs 0.21), 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.
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