TLRY vs. NU

Last updated Apr 1, 2026

Compare and contrast key facts about Tilray, Inc. (TLRY) and Nu Holdings Ltd. (NU).

Performance

TLRY vs. NU - Performance Comparison

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

TLRY vs. NU - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
TLRY Tilray, Inc.	-28.35%	-32.11%	-42.17%	-14.50%	-61.74%	-21.36%
NU Nu Holdings Ltd.	-14.16%	61.58%	24.37%	104.67%	-56.61%	-9.20%

Fundamentals

Market Cap TLRY : $713.92M NU : $70.65B
EPS TLRY : -$27.99 NU : $0.58
PS Ratio TLRY : 0.63 NU : 4.58
Total Revenue (TTM) TLRY : $1.08B NU : $15.40B
Gross Profit (TTM) TLRY : $304.37M NU : $6.61B
EBITDA (TTM) TLRY : -$2.92B NU : $3.94B

Returns By Period

In the year-to-date period, TLRY achieves a -28.35% return, which is significantly lower than NU's -14.16% return.

TLRY

• 1D: 8.01%
• 1M: -17.79%
• YTD: -28.35%
• 6M: -62.60%
• 1Y: -1.60%
• 3Y*: -36.53%
• 5Y*: -50.75%
• 10Y*: —

NU

• 1D: 6.37%
• 1M: -4.07%
• YTD: -14.16%
• 6M: -10.24%
• 1Y: 40.33%
• 3Y*: 44.53%
• 5Y*: —
• 10Y*: —

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

Return for Risk

TLRY vs. NU — Risk / Return Rank

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

TLRY

TLRY Risk / Return Rank: 48
TLRY Sharpe Ratio Rank: 41
TLRY Sortino Ratio Rank: 61
TLRY Omega Ratio Rank: 55
TLRY Calmar Ratio Rank: 41
TLRY Martin Ratio Rank: 41

NU

NU Risk / Return Rank: 72
NU Sharpe Ratio Rank: 76
NU Sortino Ratio Rank: 69
NU Omega Ratio Rank: 69
NU Calmar Ratio Rank: 70
NU Martin Ratio Rank: 75

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. NU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tilray, Inc. (TLRY) and Nu Holdings Ltd. (NU). 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	NU	Difference
Sharpe ratio Return per unit of total volatility	-0.01	1.01	-1.03
Sortino ratio Return per unit of downside risk	1.17	1.53	-0.36
Omega ratio Gain probability vs. loss probability	1.13	1.20	-0.08
Calmar ratio Return relative to maximum drawdown	-0.03	1.39	-1.42
Martin ratio Return relative to average drawdown	-0.06	4.16	-4.21
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. NU - Sharpe Ratio Comparison

The current TLRY Sharpe Ratio is -0.01, which is lower than the NU Sharpe Ratio of 1.01. The chart below compares the historical Sharpe Ratios of TLRY and NU, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	TLRY	NU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.01	1.01	-1.03
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.53	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.33	0.14	-0.46

Correlation

The correlation between TLRY and NU is 0.34, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

TLRY vs. NU - Dividend Comparison

Neither TLRY nor NU has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

TLRY vs. NU - Drawdown Comparison

The maximum TLRY drawdown since its inception was -99.83%, which is greater than NU's maximum drawdown of -72.07%. Use the drawdown chart below to compare losses from any high point for TLRY and NU.

Drawdown Indicators

	TLRY	NU	Difference
Max Drawdown Largest peak-to-trough decline	-99.83%	-72.07%	-27.76%
Max Drawdown (1Y) Largest decline over 1 year	-71.48%	-27.99%	-43.49%
Max Drawdown (5Y) Largest decline over 5 years	-98.39%	—	—
Current Drawdown Current decline from peak	-99.70%	-23.40%	-76.30%
Average Drawdown Average peak-to-trough decline	-91.21%	-29.90%	-61.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	42.25%	9.34%	+32.91%

Volatility

TLRY vs. NU - Volatility Comparison

Tilray, Inc. (TLRY) has a higher volatility of 17.00% compared to Nu Holdings Ltd. (NU) at 12.28%. This indicates that TLRY's price experiences larger fluctuations and is considered to be riskier than NU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TLRY	NU	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.00%	12.28%	+4.72%
Volatility (6M) Calculated over the trailing 6-month period	74.29%	27.59%	+46.70%
Volatility (1Y) Calculated over the trailing 1-year period	134.40%	39.99%	+94.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	95.79%	59.14%	+36.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	112.90%	59.14%	+53.76%

Financials

TLRY vs. NU - Profitability Comparison

The chart below illustrates the profitability comparison between Tilray, Inc. and Nu Holdings Ltd. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

TLRY - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Tilray, Inc. reported a gross profit of 57.50M and revenue of 217.51M. Therefore, the gross margin over that period was 26.4%.

NU - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Nu Holdings Ltd. reported a gross profit of 2.09B and revenue of 4.70B. Therefore, the gross margin over that period was 44.3%.

TLRY - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Tilray, Inc. reported an operating income of -22.28M and revenue of 217.51M, resulting in an operating margin of -10.2%.

NU - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Nu Holdings Ltd. reported an operating income of 1.08B and revenue of 4.70B, resulting in an operating margin of 22.9%.

TLRY - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Tilray, Inc. reported a net income of -43.51M and revenue of 217.51M, resulting in a net margin of -20.0%.

NU - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Nu Holdings Ltd. reported a net income of 892.38M and revenue of 4.70B, resulting in a net margin of 19.0%.