TLRY vs. QS

Last updated Jun 9, 2026

TLRY (Tilray, Inc.) and QS (QuantumScape Corporation) are both stocks. TLRY operates in Drug Manufacturers - Specialty & Generic (Healthcare), while QS operates in Auto Parts (Consumer Cyclical). Over the past 5 years, TLRY returned -52.78%/yr vs -24.41%/yr for QS. At a 0.47 correlation, their price movements are largely independent.

Performance

TLRY vs. QS - Performance Comparison

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

Returns By Period

In the year-to-date period, TLRY achieves a -44.30% return, which is significantly lower than QS's -26.49% return.

TLRY

• 1D: 1.82%
• 1M: -9.53%
• YTD: -44.30%
• 6M: -30.14%
• 1Y: 24.01%
• 3Y*: -31.86%
• 5Y*: -52.78%
• 10Y*: —

QS

• 1D: -0.13%
• 1M: 1.59%
• YTD: -26.49%
• 6M: -39.21%
• 1Y: 85.47%
• 3Y*: 6.73%
• 5Y*: -24.41%
• 10Y*: —

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

TLRY vs. QS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
TLRY Tilray, Inc.	-44.30%	-32.11%	-42.17%	-14.50%	-61.74%	-14.89%	13.93%
QS QuantumScape Corporation	-26.49%	100.77%	-25.32%	22.57%	-74.45%	-73.72%	757.36%

Correlation

The correlation between TLRY and QS is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.42
Correlation (3Y) Calculated over the trailing 3-year period	0.43
Correlation (5Y) Calculated over the trailing 5-year period	0.51
Correlation (All Time) Calculated using the full available price history since Aug 17, 2020	0.47

The correlation between TLRY and QS has been stable across timeframes, ranging from 0.42 to 0.51 - a consistent structural relationship.

Fundamentals

EPS TLRY : -$25.09 QS : -$0.72
Total Revenue (TTM) TLRY : $1.11B QS : $0.00
Gross Profit (TTM) TLRY : $307.02M QS : -$49.03M
EBITDA (TTM) TLRY : -$1.84B QS : -$378.92M

Return for Risk

TLRY vs. QS — Risk / Return Rank

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

TLRY

TLRY Risk / Return Rank: 55
TLRY Sharpe Ratio Rank: 49
TLRY Sortino Ratio Rank: 67
TLRY Omega Ratio Rank: 62
TLRY Calmar Ratio Rank: 50
TLRY Martin Ratio Rank: 48

QS

QS Risk / Return Rank: 69
QS Sharpe Ratio Rank: 69
QS Sortino Ratio Rank: 75
QS Omega Ratio Rank: 71
QS Calmar Ratio Rank: 67
QS Martin Ratio Rank: 61

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. QS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tilray, Inc. (TLRY) and QuantumScape Corporation (QS). 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	QS	Difference
Sharpe ratio: Return per unit of total volatility	0.18	0.83	-0.65
Sortino ratio: Return per unit of downside risk	1.53	1.93	-0.39
Omega ratio: Gain probability vs. loss probability	1.17	1.23	-0.06
Calmar ratio: Return relative to maximum drawdown	0.32	1.27	-0.95
Martin ratio: Return relative to average drawdown	0.48	2.00	-1.51
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. QS - Sharpe Ratio Comparison

The current TLRY Sharpe Ratio is 0.18, which is lower than the QS Sharpe Ratio of 0.83. The chart below compares the historical Sharpe Ratios of TLRY and QS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	TLRY	QS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.18	0.83	-0.65
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.56	-0.29	-0.27
Sharpe Ratio (All Time) Calculated using the full available price history	-0.34	-0.04	-0.30

Drawdowns

TLRY vs. QS - Drawdown Comparison

The maximum TLRY drawdown since its inception was -99.83%, roughly equal to the maximum QS drawdown of -97.36%. Use the drawdown chart below to compare losses from any high point for TLRY and QS.

Drawdown Indicators

	TLRY	QS	Difference
Max Drawdown Largest peak-to-trough decline	-99.83%	-97.36%	-2.47%
Max Drawdown (1Y) Largest decline over 1 year	-76.48%	-67.68%	-8.80%
Max Drawdown (3Y) Largest decline over 3 years	-89.12%	-73.93%	-15.19%
Max Drawdown (5Y) Largest decline over 5 years	-98.20%	-91.45%	-6.75%
Current Drawdown Current decline from peak	-99.77%	-94.18%	-5.59%
Average Drawdown Average peak-to-trough decline	-91.42%	-85.55%	-5.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	49.70%	42.96%	+6.74%

Volatility

TLRY vs. QS - Volatility Comparison

The current volatility for Tilray, Inc. (TLRY) is 11.60%, while QuantumScape Corporation (QS) has a volatility of 26.40%. This indicates that TLRY experiences smaller price fluctuations and is considered to be less risky than QS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TLRY	QS	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.60%	26.40%	-14.80%
Volatility (6M) Calculated over the trailing 6-month period	63.70%	48.57%	+15.13%
Volatility (1Y) Calculated over the trailing 1-year period	131.48%	103.45%	+28.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	94.96%	85.88%	+9.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	111.98%	106.01%	+5.97%

Dividends

TLRY vs. QS - Dividend Comparison

Neither TLRY nor QS has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both TLRY and QS in my portfolio?

TLRY and QS have a correlation of 0.42, 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 QS?

QS has higher volatility (26.40%) compared to TLRY (11.60%). In terms of maximum drawdown, TLRY dropped -99.83% vs QS's -97.36%.

Which has better risk-adjusted returns?

QS currently has the higher Sharpe Ratio (0.83 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.