DB.V vs. TCNNF

Last updated Apr 1, 2026

Compare and contrast key facts about Decibel Cannabis Company Inc (DB.V) and Trulieve Cannabis Corp (TCNNF).

Performance

DB.V vs. TCNNF - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Decibel Cannabis Company Inc (DB.V) and Trulieve Cannabis Corp (TCNNF). The values are adjusted to include any dividend payments, if applicable.

DB.V vs. TCNNF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
DB.V Decibel Cannabis Company Inc	22.73%	57.14%	-46.15%	30.00%	-31.03%	107.14%	-65.00%	-52.94%
TCNNF Trulieve Cannabis Corp	-34.69%	59.96%	8.04%	-32.69%	-68.82%	-18.49%	162.56%	40.39%

Different Trading Currencies

DB.V is traded in CAD, while TCNNF is traded in USD. To make them comparable, the TCNNF values have been converted to CAD using the latest available exchange rates.

Fundamentals

Market Cap DB.V : CA$77.88M TCNNF : $1.07B
EPS DB.V : CA$0.01 TCNNF : -$0.61
PS Ratio DB.V : 0.71 TCNNF : 0.90
PB Ratio DB.V : 1.22 TCNNF : 0.93
Total Revenue (TTM) DB.V : CA$109.31M TCNNF : $1.19B
Gross Profit (TTM) DB.V : CA$39.86M TCNNF : $683.99M

Returns By Period

In the year-to-date period, DB.V achieves a 22.73% return, which is significantly higher than TCNNF's -34.69% return.

DB.V

• 1D: 8.00%
• 1M: 28.57%
• YTD: 22.73%
• 6M: -0.00%
• 1Y: 107.69%
• 3Y*: 0.00%
• 5Y*: -3.93%
• 10Y*: —

TCNNF

• 1D: 10.33%
• 1M: -10.63%
• YTD: -34.69%
• 6M: -30.58%
• 1Y: 40.24%
• 3Y*: 1.02%
• 5Y*: -32.78%
• 10Y*: —

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

Return for Risk

DB.V vs. TCNNF — Risk / Return Rank

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

DB.V

DB.V Risk / Return Rank: 81
DB.V Sharpe Ratio Rank: 82
DB.V Sortino Ratio Rank: 80
DB.V Omega Ratio Rank: 79
DB.V Calmar Ratio Rank: 84
DB.V Martin Ratio Rank: 81

TCNNF

TCNNF Risk / Return Rank: 62
TCNNF Sharpe Ratio Rank: 55
TCNNF Sortino Ratio Rank: 71
TCNNF Omega Ratio Rank: 64
TCNNF Calmar Ratio Rank: 60
TCNNF Martin Ratio Rank: 58

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.

DB.V vs. TCNNF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Decibel Cannabis Company Inc (DB.V) and Trulieve Cannabis Corp (TCNNF). 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.

	DB.V	TCNNF	Difference
Sharpe ratio Return per unit of total volatility	1.38	0.35	+1.03
Sortino ratio Return per unit of downside risk	2.13	1.60	+0.53
Omega ratio Gain probability vs. loss probability	1.28	1.18	+0.10
Calmar ratio Return relative to maximum drawdown	2.84	0.75	+2.09
Martin ratio Return relative to average drawdown	6.35	1.58	+4.77
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DB.V vs. TCNNF - Sharpe Ratio Comparison

The current DB.V Sharpe Ratio is 1.38, which is higher than the TCNNF Sharpe Ratio of 0.35. The chart below compares the historical Sharpe Ratios of DB.V and TCNNF, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	DB.V	TCNNF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.38	0.35	+1.03
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.04	-0.38	+0.34
Sharpe Ratio (All Time) Calculated using the full available price history	-0.17	-0.09	-0.08

Correlation

The correlation between DB.V and TCNNF is 0.05, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

DB.V vs. TCNNF - Dividend Comparison

Neither DB.V nor TCNNF has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

DB.V vs. TCNNF - Drawdown Comparison

The maximum DB.V drawdown since its inception was -91.84%, roughly equal to the maximum TCNNF drawdown of -93.16%. Use the drawdown chart below to compare losses from any high point for DB.V and TCNNF.

Drawdown Indicators

	DB.V	TCNNF	Difference
Max Drawdown Largest peak-to-trough decline	-91.84%	-93.88%	+2.04%
Max Drawdown (1Y) Largest decline over 1 year	-37.93%	-54.42%	+16.49%
Max Drawdown (5Y) Largest decline over 5 years	-88.73%	-92.86%	+4.13%
Current Drawdown Current decline from peak	-72.45%	-89.39%	+16.94%
Average Drawdown Average peak-to-trough decline	-73.51%	-60.62%	-12.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.97%	25.66%	-8.69%

Volatility

DB.V vs. TCNNF - Volatility Comparison

Decibel Cannabis Company Inc (DB.V) has a higher volatility of 24.81% compared to Trulieve Cannabis Corp (TCNNF) at 20.49%. This indicates that DB.V's price experiences larger fluctuations and is considered to be riskier than TCNNF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DB.V	TCNNF	Difference
Volatility (1M) Calculated over the trailing 1-month period	24.81%	20.49%	+4.32%
Volatility (6M) Calculated over the trailing 6-month period	53.15%	82.84%	-29.69%
Volatility (1Y) Calculated over the trailing 1-year period	78.61%	117.15%	-38.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	88.39%	85.84%	+2.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	96.37%	80.65%	+15.72%

Financials

DB.V vs. TCNNF - Profitability Comparison

The chart below illustrates the profitability comparison between Decibel Cannabis Company Inc and Trulieve Cannabis Corp over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

DB.V - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Decibel Cannabis Company Inc reported a gross profit of 10.26M and revenue of 32.91M. Therefore, the gross margin over that period was 31.2%.

TCNNF - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Trulieve Cannabis Corp reported a gross profit of 147.98M and revenue of 297.65M. Therefore, the gross margin over that period was 49.7%.

DB.V - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Decibel Cannabis Company Inc reported an operating income of -893.00K and revenue of 32.91M, resulting in an operating margin of -2.7%.

TCNNF - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Trulieve Cannabis Corp reported an operating income of 21.72M and revenue of 297.65M, resulting in an operating margin of 7.3%.

DB.V - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Decibel Cannabis Company Inc reported a net income of -1.34M and revenue of 32.91M, resulting in a net margin of -4.1%.

TCNNF - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Trulieve Cannabis Corp reported a net income of -43.56M and revenue of 297.65M, resulting in a net margin of -14.6%.