TLRY vs. BBAI

Last updated Jun 9, 2026

TLRY (Tilray, Inc.) and BBAI (BigBear.ai Holdings, Inc.) are both stocks. TLRY operates in Drug Manufacturers - Specialty & Generic (Healthcare), while BBAI operates in Information Technology Services (Technology). Over the past 3 years, TLRY returned -31.86%/yr vs 28.32%/yr for BBAI. At a 0.27 correlation, their price movements are largely independent.

Performance

TLRY vs. BBAI - Performance Comparison

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

Returns By Period

In the year-to-date period, TLRY achieves a -44.30% return, which is significantly lower than BBAI's -20.19% return.

TLRY

• 1D: 1.82%
• 1M: -9.53%
• YTD: -44.30%
• 6M: -30.14%
• 1Y: 24.01%
• 3Y*: -31.86%
• 5Y*: -52.78%
• 10Y*: —

BBAI

• 1D: 2.62%
• 1M: 3.11%
• YTD: -20.19%
• 6M: -34.30%
• 1Y: 11.95%
• 3Y*: 28.32%
• 5Y*: —
• 10Y*: —

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

TLRY vs. BBAI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
TLRY Tilray, Inc.	-44.30%	-32.11%	-42.17%	-14.50%	-61.74%	-10.79%
BBAI BigBear.ai Holdings, Inc.	-20.19%	21.35%	107.94%	217.65%	-88.10%	-27.90%

Correlation

The correlation between TLRY and BBAI is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.32
Correlation (3Y) Calculated over the trailing 3-year period	0.31
Correlation (All Time) Calculated using the full available price history since Dec 17, 2021	0.27

Fundamentals

EPS TLRY : -$25.09 BBAI : -$0.13
PS Ratio TLRY : 0.33 BBAI : 76.89
Total Revenue (TTM) TLRY : $1.11B BBAI : $127.35M
Gross Profit (TTM) TLRY : $307.02M BBAI : $32.81M
EBITDA (TTM) TLRY : -$1.84B BBAI : -$230.18M

Return for Risk

TLRY vs. BBAI — Risk / Return Rank

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

TLRY

TLRY Risk / Return Rank: 55
TLRY Sharpe Ratio Rank: 49
TLRY Sortino Ratio Rank: 67
TLRY Omega Ratio Rank: 62
TLRY Calmar Ratio Rank: 50
TLRY Martin Ratio Rank: 48

BBAI

BBAI Risk / Return Rank: 49
BBAI Sharpe Ratio Rank: 46
BBAI Sortino Ratio Rank: 55
BBAI Omega Ratio Rank: 51
BBAI Calmar Ratio Rank: 47
BBAI Martin Ratio Rank: 46

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 vs. BBAI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tilray, Inc. (TLRY) and BigBear.ai Holdings, Inc. (BBAI). 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	BBAI	Difference
Sharpe ratio: Return per unit of total volatility	0.18	0.12	+0.06
Sortino ratio: Return per unit of downside risk	1.53	1.00	+0.53
Omega ratio: Gain probability vs. loss probability	1.17	1.10	+0.06
Calmar ratio: Return relative to maximum drawdown	0.32	0.18	+0.13
Martin ratio: Return relative to average drawdown	0.48	0.31	+0.17
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 vs. BBAI - Sharpe Ratio Comparison

The current TLRY Sharpe Ratio is 0.18, which is higher than the BBAI Sharpe Ratio of 0.12. The chart below compares the historical Sharpe Ratios of TLRY and BBAI, 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	BBAI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.18	0.12	+0.06
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.56	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.34	-0.08	-0.26

Drawdowns

TLRY vs. BBAI - Drawdown Comparison

The maximum TLRY drawdown since its inception was -99.83%, which is greater than BBAI's maximum drawdown of -95.01%. Use the drawdown chart below to compare losses from any high point for TLRY and BBAI.

Drawdown Indicators

	TLRY	BBAI	Difference
Max Drawdown Largest peak-to-trough decline	-99.83%	-95.01%	-4.82%
Max Drawdown (1Y) Largest decline over 1 year	-76.48%	-65.88%	-10.60%
Max Drawdown (3Y) Largest decline over 3 years	-89.12%	-75.56%	-13.56%
Max Drawdown (5Y) Largest decline over 5 years	-98.20%	—	—
Current Drawdown Current decline from peak	-99.77%	-66.04%	-33.73%
Average Drawdown Average peak-to-trough decline	-91.42%	-70.87%	-20.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	49.70%	38.69%	+11.01%

Volatility

TLRY vs. BBAI - Volatility Comparison

The current volatility for Tilray, Inc. (TLRY) is 11.60%, while BigBear.ai Holdings, Inc. (BBAI) has a volatility of 24.69%. This indicates that TLRY experiences smaller price fluctuations and is considered to be less risky than BBAI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TLRY	BBAI	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.60%	24.69%	-13.09%
Volatility (6M) Calculated over the trailing 6-month period	63.70%	56.30%	+7.40%
Volatility (1Y) Calculated over the trailing 1-year period	131.48%	97.07%	+34.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	94.96%	174.91%	-79.95%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	111.98%	174.91%	-62.93%

Dividends

TLRY vs. BBAI - Dividend Comparison

Neither TLRY nor BBAI has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both TLRY and BBAI in my portfolio?

TLRY and BBAI have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TLRY or BBAI?

BBAI has higher volatility (24.69%) compared to TLRY (11.60%). In terms of maximum drawdown, TLRY dropped -99.83% vs BBAI's -95.01%.

Which has better risk-adjusted returns?

TLRY currently has the higher Sharpe Ratio (0.18 vs 0.12), 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.