GTBIF vs. TLRY

Last updated Aug 1, 2026

GTBIF (Green Thumb Industries Inc) 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, GTBIF returned -24.71%/yr vs -50.06%/yr for TLRY. Their 0.43 correlation means their historical movements had little consistent relationship.

Performance

GTBIF vs. TLRY - Performance Comparison

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

Returns By Period

In the year-to-date period, GTBIF achieves a -11.65% return, which is significantly higher than TLRY's -49.72% return.

GTBIF

• 1D: 1.43%
• 1M: -6.58%
• 6M: 6.61%
• YTD: -11.65%
• 1Y: 5.19%
• 3Y*: -0.05%
• 5Y*: -24.71%
• 10Y*: 70.90%
• ALL TIME*: -2.93%

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%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
GTBIF Green Thumb Industries Inc	$3.25M	$4.27M	$3.97M
TLRY Tilray Brands, Inc.	$22.99M	$19.43M	$19.08M

GTBIF vs. TLRY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
GTBIF Green Thumb Industries Inc	-11.65%	-1.64%	-27.64%	30.67%	-61.01%	-9.55%	151.28%	21.42%	-6.91%
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 GTBIF and TLRY is 0.52, 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.	0.52
Correlation (3Y) Balances recent behavior with more history.	0.45
Correlation (5Y) Shows whether the relationship held over a longer period.	0.45
Correlation (All Time) Calculated using the full available price history since Jul 19, 2018	0.43

The correlation between GTBIF and TLRY has been stable across timeframes, ranging from 0.43 to 0.52 - a consistent structural relationship.

Fundamentals

Market Cap GTBIF : $1.65B TLRY : $544.81M
EPS GTBIF : $0.52 TLRY : -$0.95
PS Ratio GTBIF : 1.38 TLRY : 0.55
PB Ratio GTBIF : 0.87 TLRY : 0.31
Total Revenue (TTM) GTBIF : $1.20B TLRY : $915.45M
Gross Profit (TTM) GTBIF : $575.26M TLRY : $260.44M
EBITDA (TTM) GTBIF : $438.97M TLRY : -$41.47M

Return for Risk

GTBIF vs. TLRY — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

GTBIF

GTBIF Risk / Return Rank: 57
GTBIF Sharpe Ratio Rank: 52
GTBIF Sortino Ratio Rank: 62
GTBIF Omega Ratio Rank: 58
GTBIF Calmar Ratio Rank: 57
GTBIF Martin Ratio Rank: 55

TLRY

TLRY Risk / Return Rank: 42
TLRY Sharpe Ratio Rank: 37
TLRY Sortino Ratio Rank: 52
TLRY Omega Ratio Rank: 49
TLRY Calmar Ratio Rank: 36
TLRY Martin Ratio Rank: 37

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

GTBIF vs. TLRY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Green Thumb Industries Inc (GTBIF) 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.

	GTBIF	TLRY	Difference
Sharpe ratio: Return per unit of total volatility	0.21	-0.18	+0.39
Sortino ratio: Return per unit of downside risk	1.15	0.71	+0.45
Omega ratio: Gain probability vs. loss probability	1.13	1.08	+0.05
Calmar ratio: Return relative to maximum drawdown	0.48	-0.27	+0.75
Martin ratio: Return relative to average drawdown	0.87	-0.38	+1.25

GTBIF vs. TLRY - Sharpe Ratio Comparison

The current GTBIF Sharpe Ratio is 0.21, which is higher than the TLRY Sharpe Ratio of -0.18. The chart below compares the historical Sharpe Ratios of GTBIF 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

GTBIF vs. TLRY - Drawdown Comparison

The maximum GTBIF drawdown since its inception was -99.97%, roughly equal to the maximum TLRY drawdown of -99.83%. Use the drawdown chart below to compare losses from any high point for GTBIF and TLRY.

Drawdown Indicators

	GTBIF	TLRY	Difference
Max Drawdown Largest peak-to-trough decline	-99.97%	-99.83%	-0.14%
Max Drawdown (1Y) Largest decline over 1 year	-42.24%	-81.52%	+39.28%
Max Drawdown (3Y) Largest decline over 3 years	-68.66%	-89.12%	+20.46%
Max Drawdown (5Y) Largest decline over 5 years	-85.40%	-97.57%	+12.17%
Max Drawdown (10Y) Largest decline over 10 years	-92.86%	—	—
Current Drawdown Current decline from peak	-81.53%	-99.79%	+18.26%
Average Drawdown Average peak-to-trough decline	-78.98%	-91.53%	+12.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	23.23%	57.91%	-34.68%

Volatility

GTBIF vs. TLRY - Volatility Comparison

The current volatility for Green Thumb Industries Inc (GTBIF) is 11.50%, while Tilray Brands, Inc. (TLRY) has a volatility of 14.15%. This indicates that GTBIF 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.

Volatility by Period

	GTBIF	TLRY	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.50%	14.15%	-2.65%
Volatility (6M) Calculated over the trailing 6-month period	46.09%	39.06%	+7.03%
Volatility (1Y) Calculated over the trailing 1-year period	96.24%	123.40%	-27.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	72.05%	94.05%	-22.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	46,681.98%	111.08%	+46,570.90%

Dividends

GTBIF vs. TLRY - Dividend Comparison

Neither GTBIF nor TLRY has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both GTBIF and TLRY in my portfolio?

GTBIF and TLRY have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GTBIF or TLRY?

TLRY has higher volatility (14.15%) compared to GTBIF (11.50%). In terms of maximum drawdown, GTBIF dropped -99.97% vs TLRY's -99.83%.

Which has better risk-adjusted returns?

GTBIF currently has the higher Sharpe Ratio (0.21 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.