TLRY vs. CRON

Last updated Aug 1, 2026

TLRY (Tilray Brands, Inc.) and CRON (Cronos Group Inc.) 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 -17.42%/yr for CRON. Their 0.68 correlation means they have sometimes moved together and sometimes differently.

Performance

TLRY vs. CRON - Performance Comparison

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

Returns By Period

In the year-to-date period, TLRY achieves a -49.72% return, which is significantly lower than CRON's 7.60% 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%

CRON

• 1D: -2.08%
• 1M: -1.05%
• 6M: 12.75%
• YTD: 7.60%
• 1Y: 45.13%
• 3Y*: 14.00%
• 5Y*: -17.42%
• 10Y*: 22.63%
• ALL TIME*: 32.60%

*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)
CRON Cronos Group Inc.	$2.52M	$2.26M	$3.17M
TLRY Tilray Brands, Inc.	$22.99M	$19.43M	$19.08M

TLRY vs. CRON - 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%
CRON Cronos Group Inc.	7.60%	30.20%	-3.35%	-17.72%	-35.20%	-43.52%	-9.52%	-26.18%	53.24%

Correlation

The correlation between TLRY and CRON is 0.61, 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.	0.61
Correlation (3Y) Balances recent behavior with more history.	0.64
Correlation (5Y) Shows whether the relationship held over a longer period.	0.71
Correlation (All Time) Calculated using the full available price history since Jul 19, 2018	0.68

The correlation between TLRY and CRON shifts across timeframes, from 0.61 (1 year) to 0.71 (5 years), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap TLRY : $544.81M CRON : $1.06B
EPS TLRY : -$0.95 CRON : -$0.01
PS Ratio TLRY : 0.55 CRON : 3.30
Total Revenue (TTM) TLRY : $915.45M CRON : $220.07M
Gross Profit (TTM) TLRY : $260.44M CRON : $68.18M
EBITDA (TTM) TLRY : -$41.47M CRON : $2.28M

Return for Risk

TLRY vs. CRON — Risk / Return Rank

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

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

CRON

CRON Risk / Return Rank: 73
CRON Sharpe Ratio Rank: 74
CRON Sortino Ratio Rank: 75
CRON Omega Ratio Rank: 72
CRON Calmar Ratio Rank: 75
CRON Martin Ratio Rank: 69

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.

TLRY vs. CRON - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tilray Brands, Inc. (TLRY) and Cronos Group Inc. (CRON). 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	CRON	Difference
Sharpe ratio: Return per unit of total volatility	-0.18	0.93	-1.11
Sortino ratio: Return per unit of downside risk	0.71	1.72	-1.01
Omega ratio: Gain probability vs. loss probability	1.08	1.20	-0.13
Calmar ratio: Return relative to maximum drawdown	-0.27	1.60	-1.87
Martin ratio: Return relative to average drawdown	-0.38	2.65	-3.03

TLRY vs. CRON - Sharpe Ratio Comparison

The current TLRY Sharpe Ratio is -0.18, which is lower than the CRON Sharpe Ratio of 0.93. The chart below compares the historical Sharpe Ratios of TLRY and CRON, 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

TLRY vs. CRON - Drawdown Comparison

The maximum TLRY drawdown since its inception was -99.83%, which is greater than CRON's maximum drawdown of -93.16%. Use the drawdown chart below to compare losses from any high point for TLRY and CRON.

Drawdown Indicators

	TLRY	CRON	Difference
Max Drawdown Largest peak-to-trough decline	-99.83%	-93.16%	-6.67%
Max Drawdown (1Y) Largest decline over 1 year	-81.52%	-26.91%	-54.61%
Max Drawdown (3Y) Largest decline over 3 years	-89.12%	-46.36%	-42.76%
Max Drawdown (5Y) Largest decline over 5 years	-97.57%	-78.14%	-19.43%
Max Drawdown (10Y) Largest decline over 10 years	—	-93.16%	—
Current Drawdown Current decline from peak	-99.79%	-88.06%	-11.73%
Average Drawdown Average peak-to-trough decline	-91.53%	-63.93%	-27.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	57.91%	16.26%	+41.65%

Volatility

TLRY vs. CRON - Volatility Comparison

Tilray Brands, Inc. (TLRY) has a higher volatility of 14.15% compared to Cronos Group Inc. (CRON) at 6.10%. This indicates that TLRY's price experiences larger fluctuations and is considered to be riskier than CRON based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TLRY	CRON	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.15%	6.10%	+8.05%
Volatility (6M) Calculated over the trailing 6-month period	39.06%	24.16%	+14.90%
Volatility (1Y) Calculated over the trailing 1-year period	123.40%	46.27%	+77.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	94.05%	53.66%	+40.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	111.08%	72.72%	+38.36%

Dividends

TLRY vs. CRON - Dividend Comparison

Neither TLRY nor CRON has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both TLRY and CRON in my portfolio?

TLRY and CRON have a correlation of 0.61, 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 CRON?

TLRY has higher volatility (14.15%) compared to CRON (6.10%). In terms of maximum drawdown, TLRY dropped -99.83% vs CRON's -93.16%.

Which has better risk-adjusted returns?

CRON currently has the higher Sharpe Ratio (0.93 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.