TLRY vs. ET
TLRY (Tilray, Inc.) and ET (Energy Transfer LP) are both stocks. TLRY operates in Drug Manufacturers - Specialty & Generic (Healthcare), while ET operates in Oil & Gas Midstream (Energy). Over the past 5 years, TLRY returned -52.78%/yr vs 21.43%/yr for ET. At a 0.23 correlation, their price movements are largely independent.
Performance
TLRY vs. ET - Performance Comparison
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Returns By Period
In the year-to-date period, TLRY achieves a -44.30% return, which is significantly lower than ET's 21.54% return.
TLRY
- 1D
- 1.82%
- 1M
- -9.53%
- YTD
- -44.30%
- 6M
- -30.14%
- 1Y
- 24.01%
- 3Y*
- -31.86%
- 5Y*
- -52.78%
- 10Y*
- —
ET
- 1D
- -0.26%
- 1M
- -0.00%
- YTD
- 21.54%
- 6M
- 19.30%
- 1Y
- 16.21%
- 3Y*
- 24.40%
- 5Y*
- 21.43%
- 10Y*
- 13.08%
TLRY vs. ET - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
TLRY Tilray, Inc. | -44.30% | -32.11% | -42.17% | -14.50% | -61.74% | -14.89% | -51.78% | -75.72% | 206.03% |
ET Energy Transfer LP | 21.54% | -9.37% | 53.87% | 27.87% | 55.74% | 42.96% | -44.92% | 5.88% | -20.23% |
Correlation
The correlation between TLRY and ET is 0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Jul 19, 2018 | 0.23 |
The correlation between TLRY and ET shifts across timeframes, from 0.04 (1 year) to 0.23 (all time), reflecting how their relationship changes across market environments.
Fundamentals
TLRY:
-$25.09
ET:
$1.36
TLRY:
0.33
ET:
0.77
TLRY:
$1.11B
ET:
$89.38B
TLRY:
$307.02M
ET:
$20.48B
TLRY:
-$1.84B
ET:
$13.02B
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Return for Risk
TLRY vs. ET — Risk / Return Rank
TLRY
ET
TLRY vs. ET - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tilray, Inc. (TLRY) and Energy Transfer LP (ET). 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 | ET | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.83 | ||
| Sortino ratioReturn per unit of downside risk | -0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.18 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.32 | 1.62 | -1.31 |
| Martin ratioReturn relative to average drawdown | 0.48 | 3.55 | -3.07 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| TLRY | ET | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.18 | 1.01 | -0.83 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.56 | 0.87 | -1.42 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.38 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.34 | 0.36 | -0.70 |
Drawdowns
TLRY vs. ET - Drawdown Comparison
The maximum TLRY drawdown since its inception was -99.83%, which is greater than ET's maximum drawdown of -87.81%. Use the drawdown chart below to compare losses from any high point for TLRY and ET.
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Drawdown Indicators
| TLRY | ET | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.83% | -87.81% | -12.02% |
Max Drawdown (1Y)Largest decline over 1 year | -76.48% | -10.02% | -66.46% |
Max Drawdown (3Y)Largest decline over 3 years | -89.12% | -24.56% | -64.56% |
Max Drawdown (5Y)Largest decline over 5 years | -98.20% | -25.82% | -72.38% |
Max Drawdown (10Y)Largest decline over 10 years | — | -72.82% | — |
Current DrawdownCurrent decline from peak | -99.77% | -5.15% | -94.62% |
Average DrawdownAverage peak-to-trough decline | -91.42% | -25.74% | -65.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 49.70% | 4.57% | +45.13% |
Volatility
TLRY vs. ET - Volatility Comparison
Tilray, Inc. (TLRY) has a higher volatility of 11.60% compared to Energy Transfer LP (ET) at 5.27%. This indicates that TLRY's price experiences larger fluctuations and is considered to be riskier than ET based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TLRY | ET | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.60% | 5.27% | +6.33% |
Volatility (6M)Calculated over the trailing 6-month period | 63.70% | 11.84% | +51.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 131.48% | 16.12% | +115.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 94.96% | 24.87% | +70.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 111.98% | 35.02% | +76.96% |
Dividends
TLRY vs. ET - Dividend Comparison
TLRY has not paid dividends to shareholders, while ET's dividend yield for the trailing twelve months is around 6.90%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ET Energy Transfer LP | 6.90% | 7.97% | 6.51% | 8.95% | 7.33% | 7.41% | 17.27% | 9.51% | 9.24% | 6.66% | 5.90% | 7.42% |
TLRY Tilray, 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% |
Financials
TLRY vs. ET - Financials Comparison
This section allows you to compare key financial metrics between Tilray, Inc. and Energy Transfer LP. 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. ET - 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%.
ET - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Energy Transfer LP reported a gross profit of 6.62B and revenue of 27.77B. Therefore, the gross margin over that period was 23.9%.
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%.
ET - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Energy Transfer LP reported an operating income of 2.98B and revenue of 27.77B, resulting in an operating margin of 10.7%.
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%.
ET - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Energy Transfer LP reported a net income of 1.25B and revenue of 27.77B, resulting in a net margin of 4.5%.
Frequently Asked Questions
TLRY and ET have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TLRY has higher volatility (11.60%) compared to ET (5.27%). In terms of maximum drawdown, TLRY dropped -99.83% vs ET's -87.81%.
ET currently has the higher Sharpe Ratio (1.01 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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