GWH vs. TLRY

Last updated Apr 1, 2026

Compare and contrast key facts about ESS Tech, Inc. (GWH) and Tilray, Inc. (TLRY).

Performance

GWH vs. TLRY - Performance Comparison

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

GWH vs. TLRY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
GWH ESS Tech, Inc.	-37.77%	-68.03%	-65.61%	-53.09%	-78.76%	13.27%
TLRY Tilray, Inc.	-28.35%	-32.11%	-42.17%	-14.50%	-61.74%	-21.89%

Fundamentals

Market Cap GWH : $23.32M TLRY : $713.92M
EPS GWH : -$2.55 TLRY : -$27.99
PS Ratio GWH : 11.42 TLRY : 0.63
Total Revenue (TTM) GWH : $1.58M TLRY : $1.08B
Gross Profit (TTM) GWH : -$27.67M TLRY : $304.37M
EBITDA (TTM) GWH : -$52.94M TLRY : -$2.92B

Returns By Period

In the year-to-date period, GWH achieves a -37.77% return, which is significantly lower than TLRY's -28.35% return.

GWH

• 1D: 5.41%
• 1M: -26.42%
• YTD: -37.77%
• 6M: -23.03%
• 1Y: -64.11%
• 3Y*: -61.72%
• 5Y*: -61.97%
• 10Y*: —

TLRY

• 1D: 8.01%
• 1M: -17.79%
• YTD: -28.35%
• 6M: -62.60%
• 1Y: -1.60%
• 3Y*: -36.53%
• 5Y*: -50.75%
• 10Y*: —

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

Return for Risk

GWH vs. TLRY — Risk / Return Rank

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

GWH

GWH Risk / Return Rank: 37
GWH Sharpe Ratio Rank: 29
GWH Sortino Ratio Rank: 60
GWH Omega Ratio Rank: 56
GWH Calmar Ratio Rank: 15
GWH Martin Ratio Rank: 22

TLRY

TLRY Risk / Return Rank: 48
TLRY Sharpe Ratio Rank: 41
TLRY Sortino Ratio Rank: 61
TLRY Omega Ratio Rank: 55
TLRY Calmar Ratio Rank: 41
TLRY Martin Ratio Rank: 41

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.

GWH vs. TLRY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ESS Tech, Inc. (GWH) 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.

	GWH	TLRY	Difference
Sharpe ratio Return per unit of total volatility	-0.26	-0.01	-0.24
Sortino ratio Return per unit of downside risk	1.19	1.17	+0.02
Omega ratio Gain probability vs. loss probability	1.14	1.13	+0.01
Calmar ratio Return relative to maximum drawdown	-0.74	-0.03	-0.71
Martin ratio Return relative to average drawdown	-1.05	-0.06	-0.99
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GWH vs. TLRY - Sharpe Ratio Comparison

The current GWH Sharpe Ratio is -0.26, which is lower than the TLRY Sharpe Ratio of -0.01. The chart below compares the historical Sharpe Ratios of GWH and TLRY, 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

	GWH	TLRY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.26	-0.01	-0.24
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.41	-0.53	+0.12
Sharpe Ratio (All Time) Calculated using the full available price history	-0.41	-0.33	-0.08

Correlation

The correlation between GWH and TLRY is 0.31, 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

GWH vs. TLRY - Dividend Comparison

Neither GWH nor TLRY has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

GWH vs. TLRY - Drawdown Comparison

The maximum GWH drawdown since its inception was -99.77%, roughly equal to the maximum TLRY drawdown of -99.83%. Use the drawdown chart below to compare losses from any high point for GWH and TLRY.

Drawdown Indicators

	GWH	TLRY	Difference
Max Drawdown Largest peak-to-trough decline	-99.77%	-99.83%	+0.06%
Max Drawdown (1Y) Largest decline over 1 year	-87.73%	-71.48%	-16.25%
Max Drawdown (5Y) Largest decline over 5 years	-99.77%	-98.39%	-1.38%
Current Drawdown Current decline from peak	-99.67%	-99.70%	+0.03%
Average Drawdown Average peak-to-trough decline	-78.12%	-91.21%	+13.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	61.98%	42.25%	+19.73%

Volatility

GWH vs. TLRY - Volatility Comparison

ESS Tech, Inc. (GWH) and Tilray, Inc. (TLRY) have volatilities of 17.59% and 17.00%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GWH	TLRY	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.59%	17.00%	+0.59%
Volatility (6M) Calculated over the trailing 6-month period	147.85%	74.29%	+73.56%
Volatility (1Y) Calculated over the trailing 1-year period	251.40%	134.40%	+117.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	151.86%	95.79%	+56.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	148.39%	112.90%	+35.49%

Financials