CURLF vs. NLCP

Last updated Jun 3, 2026

CURLF (Curaleaf Holdings, Inc.) and NLCP (NewLake Capital Partners, Inc.) are both stocks. CURLF operates in Drug Manufacturers - Specialty & Generic (Healthcare), while NLCP operates in REIT - Specialty (Real Estate). Over the past 3 years, CURLF returned 8.19%/yr vs 18.18%/yr for NLCP. At a 0.09 correlation, their price movements are largely independent.

Performance

CURLF vs. NLCP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Curaleaf Holdings, Inc. (CURLF) and NewLake Capital Partners, Inc. (NLCP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CURLF achieves a 42.46% return, which is significantly higher than NLCP's -3.96% return.

CURLF

• 1D: -1.37%
• 1M: 5.90%
• YTD: 42.46%
• 6M: 54.08%
• 1Y: 333.84%
• 3Y*: 8.19%
• 5Y*: -24.70%
• 10Y*: —

NLCP

• 1D: -4.01%
• 1M: 3.48%
• YTD: -3.96%
• 6M: 24.88%
• 1Y: 16.03%
• 3Y*: 18.18%
• 5Y*: —
• 10Y*: —

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

CURLF vs. NLCP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
CURLF Curaleaf Holdings, Inc.	42.46%	61.54%	-61.58%	-5.52%	-52.25%	-19.47%
NLCP NewLake Capital Partners, Inc.	-3.96%	2.42%	19.43%	11.85%	-39.27%	-2.96%

Correlation

The correlation between CURLF and NLCP is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.13
Correlation (3Y) Calculated over the trailing 3-year period	0.05
Correlation (All Time) Calculated using the full available price history since Aug 23, 2021	0.09

Fundamentals

Market Cap CURLF : $2.78B NLCP : $312.14M
EPS CURLF : -$0.13 NLCP : $1.23
PS Ratio CURLF : 2.12 NLCP : 6.21
PB Ratio CURLF : 3.38 NLCP : 0.81
Total Revenue (TTM) CURLF : $1.30B NLCP : $50.17M
Gross Profit (TTM) CURLF : $528.91M NLCP : $6.26M
EBITDA (TTM) CURLF : $188.46M NLCP : $42.43M

Return for Risk

CURLF vs. NLCP — Risk / Return Rank

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

CURLF

CURLF Risk / Return Rank: 89
CURLF Sharpe Ratio Rank: 92
CURLF Sortino Ratio Rank: 88
CURLF Omega Ratio Rank: 87
CURLF Calmar Ratio Rank: 92
CURLF Martin Ratio Rank: 87

NLCP

NLCP Risk / Return Rank: 60
NLCP Sharpe Ratio Rank: 62
NLCP Sortino Ratio Rank: 58
NLCP Omega Ratio Rank: 55
NLCP Calmar Ratio Rank: 63
NLCP Martin Ratio Rank: 61

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.

CURLF vs. NLCP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Curaleaf Holdings, Inc. (CURLF) and NewLake Capital Partners, Inc. (NLCP). 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.

	CURLF	NLCP	Difference
Sharpe ratio Return per unit of total volatility	2.63	0.68	+1.95
Sortino ratio Return per unit of downside risk	3.09	1.22	+1.86
Omega ratio Gain probability vs. loss probability	1.39	1.14	+0.25
Calmar ratio Return relative to maximum drawdown	5.56	1.14	+4.43
Martin ratio Return relative to average drawdown	10.47	2.35	+8.12
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CURLF vs. NLCP - Sharpe Ratio Comparison

The current CURLF Sharpe Ratio is 2.63, which is higher than the NLCP Sharpe Ratio of 0.68. The chart below compares the historical Sharpe Ratios of CURLF and NLCP, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	CURLF	NLCP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.63	0.68	+1.95
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.28	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.07	-0.17	+0.10

Drawdowns

CURLF vs. NLCP - Drawdown Comparison

The maximum CURLF drawdown since its inception was -95.70%, which is greater than NLCP's maximum drawdown of -58.59%. Use the drawdown chart below to compare losses from any high point for CURLF and NLCP.

Drawdown Indicators

	CURLF	NLCP	Difference
Max Drawdown Largest peak-to-trough decline	-95.70%	-58.59%	-37.11%
Max Drawdown (1Y) Largest decline over 1 year	-59.79%	-14.78%	-45.01%
Max Drawdown (3Y) Largest decline over 3 years	-88.28%	-35.06%	-53.22%
Max Drawdown (5Y) Largest decline over 5 years	-95.06%	—	—
Current Drawdown Current decline from peak	-79.01%	-27.36%	-51.65%
Average Drawdown Average peak-to-trough decline	-58.25%	-33.76%	-24.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	31.77%	7.16%	+24.61%

Volatility

CURLF vs. NLCP - Volatility Comparison

Curaleaf Holdings, Inc. (CURLF) has a higher volatility of 25.73% compared to NewLake Capital Partners, Inc. (NLCP) at 8.87%. This indicates that CURLF's price experiences larger fluctuations and is considered to be riskier than NLCP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CURLF	NLCP	Difference
Volatility (1M) Calculated over the trailing 1-month period	25.73%	8.87%	+16.86%
Volatility (6M) Calculated over the trailing 6-month period	87.03%	19.39%	+67.64%
Volatility (1Y) Calculated over the trailing 1-year period	128.02%	23.68%	+104.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	87.93%	29.97%	+57.96%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	84.26%	29.97%	+54.29%

Dividends

CURLF vs. NLCP - Dividend Comparison

CURLF has not paid dividends to shareholders, while NLCP's dividend yield for the trailing twelve months is around 11.58%.

Position	TTM	2025	2024	2023	2022	2021
CURLF Curaleaf Holdings, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
NLCP NewLake Capital Partners, Inc.	11.58%	10.80%	9.71%	9.81%	8.99%	1.50%

Financials

CURLF vs. NLCP - Profitability Comparison

The chart below illustrates the profitability comparison between Curaleaf Holdings, Inc. and NewLake Capital Partners, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

CURLF - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Curaleaf Holdings, Inc. reported a gross profit of 121.91M and revenue of 319.74M. Therefore, the gross margin over that period was 38.1%.

NLCP - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, NewLake Capital Partners, Inc. reported a gross profit of 0.00 and revenue of 12.31M. Therefore, the gross margin over that period was 0.0%.

CURLF - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Curaleaf Holdings, Inc. reported an operating income of 742.57K and revenue of 319.74M, resulting in an operating margin of 0.2%.

NLCP - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, NewLake Capital Partners, Inc. reported an operating income of 6.01M and revenue of 12.31M, resulting in an operating margin of 48.9%.

CURLF - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Curaleaf Holdings, Inc. reported a net income of 68.83M and revenue of 319.74M, resulting in a net margin of 21.5%.

NLCP - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, NewLake Capital Partners, Inc. reported a net income of 5.78M and revenue of 12.31M, resulting in a net margin of 46.9%.

Frequently Asked Questions

Can I hold both CURLF and NLCP in my portfolio?

CURLF and NLCP have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CURLF or NLCP?

CURLF has higher volatility (25.73%) compared to NLCP (8.87%). In terms of maximum drawdown, CURLF dropped -95.70% vs NLCP's -58.59%.

Which has better risk-adjusted returns?

CURLF currently has the higher Sharpe Ratio (2.63 vs 0.68), 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.