TLRY vs. CGC
TLRY (Tilray Brands, Inc.) and CGC (Canopy Growth Corporation) are both stocks. Both operate in the Drug Manufacturers - Specialty & Generic industry within the Healthcare sector. Over the past 5 years, TLRY returned -50.06%/yr vs -65.55%/yr for CGC. Their 0.70 correlation means they have sometimes moved together and sometimes differently.
Performance
TLRY vs. CGC - Performance Comparison
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Returns By Period
In the year-to-date period, TLRY achieves a -49.72% return, which is significantly lower than CGC's -19.54% return.
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%
CGC
- 1D
- -0.08%
- 1M
- -8.27%
- 6M
- -15.84%
- YTD
- -19.54%
- 1Y
- -12.64%
- 3Y*
- -42.07%
- 5Y*
- -65.55%
- 10Y*
- -28.19%
- ALL TIME*
- -23.41%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.09M | $2.86M | $5.51M | |
| $22.99M | $19.43M | $19.08M |
TLRY vs. CGC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
TLRY Tilray Brands, Inc. | -49.72% | -32.11% | -42.17% | -14.50% | -61.74% | -14.89% | -51.78% | -75.72% | 206.03% |
CGC Canopy Growth Corporation | -19.54% | -58.39% | -46.38% | -77.88% | -73.54% | -64.57% | 16.83% | -21.51% | 0.98% |
Correlation
The correlation between TLRY and CGC is 0.72, 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. | 0.72 |
Correlation (3Y) Balances recent behavior with more history. | 0.69 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.74 |
Correlation (All Time) Calculated using the full available price history since Jul 19, 2018 | 0.70 |
The correlation between TLRY and CGC has been stable across timeframes, ranging from 0.69 to 0.74 - a consistent structural relationship.
Fundamentals
TLRY:
$544.81M
CGC:
$387.24M
TLRY:
-$0.95
CGC:
-CA$1.09
TLRY:
0.55
CGC:
1.38
TLRY:
0.31
CGC:
0.71
TLRY:
$915.45M
CGC:
CA$312.34M
TLRY:
$260.44M
CGC:
CA$77.66M
TLRY:
-$41.47M
CGC:
-CA$205.34M
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Return for Risk
TLRY vs. CGC — Risk / Return Rank
TLRY
CGC
TLRY vs. CGC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tilray Brands, Inc. (TLRY) and Canopy Growth Corporation (CGC). 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.
| TLRY | CGC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.07 | ||
| Sortino ratioReturn per unit of downside risk | +0.07 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.07 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | -0.27 | -0.20 | -0.07 |
| Martin ratioReturn relative to average drawdown | -0.38 | -0.28 | -0.10 |
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Drawdowns
TLRY vs. CGC - Drawdown Comparison
The maximum TLRY drawdown since its inception was -99.83%, roughly equal to the maximum CGC drawdown of -99.85%. Use the drawdown chart below to compare losses from any high point for TLRY and CGC.
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Drawdown Indicators
| TLRY | CGC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.83% | -99.85% | +0.02% |
Max Drawdown (1Y)Largest decline over 1 year | -81.52% | -55.38% | -26.14% |
Max Drawdown (3Y)Largest decline over 3 years | -89.12% | -95.10% | +5.98% |
Max Drawdown (5Y)Largest decline over 5 years | -97.57% | -99.57% | +2.00% |
Max Drawdown (10Y)Largest decline over 10 years | — | -99.85% | — |
Current DrawdownCurrent decline from peak | -99.79% | -99.84% | +0.05% |
Average DrawdownAverage peak-to-trough decline | -91.53% | -62.55% | -28.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 57.91% | 39.03% | +18.88% |
Volatility
TLRY vs. CGC - Volatility Comparison
Tilray Brands, Inc. (TLRY) has a higher volatility of 14.15% compared to Canopy Growth Corporation (CGC) at 10.63%. This indicates that TLRY's price experiences larger fluctuations and is considered to be riskier than CGC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TLRY | CGC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.15% | 10.63% | +3.52% |
Volatility (6M)Calculated over the trailing 6-month period | 39.06% | 41.04% | -1.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 123.40% | 100.77% | +22.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 94.05% | 124.17% | -30.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 111.08% | 103.27% | +7.81% |
Dividends
TLRY vs. CGC - Dividend Comparison
Neither TLRY nor CGC has paid dividends to shareholders.
Financials
TLRY vs. CGC - Financials Comparison
This section allows you to compare key financial metrics between Tilray Brands, Inc. and Canopy Growth Corporation. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
Frequently Asked Questions
TLRY and CGC have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TLRY has higher volatility (14.15%) compared to CGC (10.63%). In terms of maximum drawdown, TLRY dropped -99.83% vs CGC's -99.85%.
CGC currently has the higher Sharpe Ratio (-0.11 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.
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