TLRY vs. CRON
TLRY (Tilray, 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 -52.09%/yr vs -21.51%/yr for CRON. A 0.68 correlation means they provide meaningful diversification when combined.
Performance
TLRY vs. CRON - Performance Comparison
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Returns By Period
In the year-to-date period, TLRY achieves a -48.95% return, which is significantly lower than CRON's 2.28% return.
TLRY
- 1D
- 0.44%
- 1M
- -12.85%
- YTD
- -48.95%
- 6M
- -56.22%
- 1Y
- 27.88%
- 3Y*
- -32.81%
- 5Y*
- -52.09%
- 10Y*
- —
CRON
- 1D
- 1.51%
- 1M
- -1.82%
- YTD
- 2.28%
- 6M
- -2.18%
- 1Y
- 43.85%
- 3Y*
- 14.12%
- 5Y*
- -21.51%
- 10Y*
- —
TLRY vs. CRON - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
TLRY Tilray, Inc. | -48.95% | -32.11% | -42.17% | -14.50% | -61.74% | -14.89% | -51.78% | -75.72% | 206.03% |
CRON Cronos Group Inc. | 2.28% | 30.20% | -3.35% | -17.72% | -35.20% | -43.52% | -9.52% | -26.18% | 53.24% |
Correlation
The correlation between TLRY and CRON is 0.62, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.62 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.64 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.72 |
Correlation (All Time) Calculated using the full available price history since Jul 19, 2018 | 0.68 |
The correlation between TLRY and CRON has been stable across timeframes, ranging from 0.62 to 0.72 - a consistent structural relationship.
Fundamentals
TLRY:
-$25.09
CRON:
-$0.01
TLRY:
0.30
CRON:
3.53
TLRY:
$1.11B
CRON:
$220.07M
TLRY:
$307.02M
CRON:
$68.18M
TLRY:
-$1.84B
CRON:
$2.28M
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Return for Risk
TLRY vs. CRON — Risk / Return Rank
TLRY
CRON
TLRY vs. CRON - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tilray, 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 ratioReturn per unit of total volatility | -0.73 | ||
| Sortino ratioReturn per unit of downside risk | -0.16 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.20 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 0.36 | 1.64 | -1.28 |
| Martin ratioReturn relative to average drawdown | 0.54 | 2.82 | -2.29 |
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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.
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Drawdown Indicators
| TLRY | CRON | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.83% | -93.16% | -6.67% |
Max Drawdown (1Y)Largest decline over 1 year | -78.14% | -26.91% | -51.23% |
Max Drawdown (3Y)Largest decline over 3 years | -89.12% | -46.36% | -42.76% |
Max Drawdown (5Y)Largest decline over 5 years | -98.07% | -81.78% | -16.29% |
Current DrawdownCurrent decline from peak | -99.78% | -88.65% | -11.13% |
Average DrawdownAverage peak-to-trough decline | -91.41% | -63.67% | -27.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 51.97% | 15.57% | +36.40% |
Volatility
TLRY vs. CRON - Volatility Comparison
Tilray, Inc. (TLRY) has a higher volatility of 11.71% compared to Cronos Group Inc. (CRON) at 9.11%. 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.
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Volatility by Period
| TLRY | CRON | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.71% | 9.11% | +2.60% |
Volatility (6M)Calculated over the trailing 6-month period | 41.86% | 25.46% | +16.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 130.78% | 46.46% | +84.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 94.88% | 53.91% | +40.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 111.70% | 74.56% | +37.14% |
Dividends
TLRY vs. CRON - Dividend Comparison
Neither TLRY nor CRON has paid dividends to shareholders.
Financials
TLRY vs. CRON - Financials Comparison
This section allows you to compare key financial metrics between Tilray, Inc. and Cronos Group Inc.. 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
TLRY vs. CRON - Profitability Comparison
TLRY - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Tilray, Inc. reported a gross profit of 54.95M and revenue of 206.73M. Therefore, the gross margin over that period was 26.6%.
CRON - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Cronos Group Inc. reported a gross profit of 19.15M and revenue of 58.97M. Therefore, the gross margin over that period was 32.5%.
TLRY - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Tilray, Inc. reported an operating income of -26.39M and revenue of 206.73M, resulting in an operating margin of -12.8%.
CRON - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Cronos Group Inc. reported an operating income of -1.83M and revenue of 58.97M, resulting in an operating margin of -3.1%.
TLRY - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Tilray, Inc. reported a net income of 0.00 and revenue of 206.73M, resulting in a net margin of 0.0%.
CRON - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Cronos Group Inc. reported a net income of 13.75M and revenue of 58.97M, resulting in a net margin of 23.3%.
Frequently Asked Questions
TLRY and CRON have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TLRY has higher volatility (11.71%) compared to CRON (9.11%). In terms of maximum drawdown, TLRY dropped -99.83% vs CRON's -93.16%.
CRON currently has the higher Sharpe Ratio (0.95 vs 0.21), 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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