TLRY.TO vs. VPMAX

Last updated Jun 5, 2026

TLRY.TO (Tilray Brands, Inc.) is a stock, while VPMAX (Vanguard PRIMECAP Fund Admiral Shares) is Large Cap Blend Equities fund managed by Vanguard. Over the past 5 years, TLRY.TO returned -49.83%/yr vs 19.64%/yr for VPMAX. At a 0.37 correlation, their price movements are largely independent.

Performance

TLRY.TO vs. VPMAX - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Tilray Brands, Inc. (TLRY.TO) and Vanguard PRIMECAP Fund Admiral Shares (VPMAX). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

TLRY.TO is traded in CAD, while VPMAX is traded in USD. To make them comparable, the VPMAX values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, TLRY.TO achieves a -41.82% return, which is significantly lower than VPMAX's 27.29% return.

TLRY.TO

• 1D: 0.84%
• 1M: -8.26%
• YTD: -41.82%
• 6M: -29.01%
• 1Y: 33.70%
• 3Y*: -31.74%
• 5Y*: -49.83%
• 10Y*: —

VPMAX

• 1D: -0.00%
• 1M: 9.84%
• YTD: 27.29%
• 6M: 27.65%
• 1Y: 61.73%
• 3Y*: 29.72%
• 5Y*: 19.64%
• 10Y*: 18.59%

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

TLRY.TO vs. VPMAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
TLRY.TO Tilray Brands, Inc.	-41.82%	-34.68%	-37.91%	-16.62%	-58.86%	-53.93%
VPMAX Vanguard PRIMECAP Fund Admiral Shares	27.29%	23.75%	23.04%	25.43%	-9.11%	11.05%

Correlation

The correlation between TLRY.TO and VPMAX is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.21
Correlation (3Y) Calculated over the trailing 3-year period	0.27
Correlation (5Y) Calculated over the trailing 5-year period	0.38
Correlation (All Time) Calculated using the full available price history since May 6, 2021	0.37

The correlation between TLRY.TO and VPMAX shifts across timeframes, from 0.21 (1 year) to 0.38 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

TLRY.TO vs. VPMAX — Risk / Return Rank

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

TLRY.TO

TLRY.TO Risk / Return Rank: 55
TLRY.TO Sharpe Ratio Rank: 50
TLRY.TO Sortino Ratio Rank: 68
TLRY.TO Omega Ratio Rank: 62
TLRY.TO Calmar Ratio Rank: 50
TLRY.TO Martin Ratio Rank: 48

VPMAX

VPMAX Risk / Return Rank: 94
VPMAX Sharpe Ratio Rank: 97
VPMAX Sortino Ratio Rank: 95
VPMAX Omega Ratio Rank: 89
VPMAX Calmar Ratio Rank: 93
VPMAX Martin Ratio Rank: 96

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.

TLRY.TO vs. VPMAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tilray Brands, Inc. (TLRY.TO) and Vanguard PRIMECAP Fund Admiral Shares (VPMAX). 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.

	TLRY.TO	VPMAX	Difference
Sharpe ratio: Return per unit of total volatility	0.22	3.91	-3.69
Sortino ratio: Return per unit of downside risk	1.62	5.30	-3.68
Omega ratio: Gain probability vs. loss probability	1.17	1.70	-0.52
Calmar ratio: Return relative to maximum drawdown	0.38	5.97	-5.58
Martin ratio: Return relative to average drawdown	0.58	25.81	-25.22
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TLRY.TO vs. VPMAX - Sharpe Ratio Comparison

The current TLRY.TO Sharpe Ratio is 0.22, which is lower than the VPMAX Sharpe Ratio of 3.91. The chart below compares the historical Sharpe Ratios of TLRY.TO and VPMAX, 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

	TLRY.TO	VPMAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.22	3.91	-3.69
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.54	1.21	-1.74
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	1.07	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.51	1.15	-1.66

Drawdowns

TLRY.TO vs. VPMAX - Drawdown Comparison

The maximum TLRY.TO drawdown since its inception was -98.08%, which is greater than VPMAX's maximum drawdown of -26.33%. Use the drawdown chart below to compare losses from any high point for TLRY.TO and VPMAX.

Drawdown Indicators

	TLRY.TO	VPMAX	Difference
Max Drawdown Largest peak-to-trough decline	-98.08%	-26.33%	-71.75%
Max Drawdown (1Y) Largest decline over 1 year	-75.65%	-10.30%	-65.35%
Max Drawdown (3Y) Largest decline over 3 years	-88.81%	-20.24%	-68.57%
Max Drawdown (5Y) Largest decline over 5 years	-98.08%	-20.24%	-77.84%
Max Drawdown (10Y) Largest decline over 10 years	—	-26.33%	—
Current Drawdown Current decline from peak	-97.22%	-0.00%	-97.22%
Average Drawdown Average peak-to-trough decline	-81.64%	-3.58%	-78.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	49.65%	2.38%	+47.27%

Volatility

TLRY.TO vs. VPMAX - Volatility Comparison

Tilray Brands, Inc. (TLRY.TO) has a higher volatility of 9.41% compared to Vanguard PRIMECAP Fund Admiral Shares (VPMAX) at 5.77%. This indicates that TLRY.TO's price experiences larger fluctuations and is considered to be riskier than VPMAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TLRY.TO	VPMAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.41%	5.77%	+3.64%
Volatility (6M) Calculated over the trailing 6-month period	63.60%	12.66%	+50.94%
Volatility (1Y) Calculated over the trailing 1-year period	130.00%	15.70%	+114.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	93.19%	16.37%	+76.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	93.29%	17.45%	+75.84%

Dividends

TLRY.TO vs. VPMAX - Dividend Comparison

TLRY.TO has not paid dividends to shareholders, while VPMAX's dividend yield for the trailing twelve months is around 13.11%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
TLRY.TO Tilray Brands, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VPMAX Vanguard PRIMECAP Fund Admiral Shares	13.11%	16.46%	6.71%	7.24%	9.94%	10.18%	9.82%	7.23%	8.43%	4.52%	5.13%	5.99%

Frequently Asked Questions

Can I hold both TLRY.TO and VPMAX in my portfolio?

TLRY.TO and VPMAX have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.