TLRY vs. WEED.TO

Last updated Apr 1, 2026

Compare and contrast key facts about Tilray, Inc. (TLRY) and Canopy Growth Corporation (WEED.TO).

Performance

TLRY vs. WEED.TO - Performance Comparison

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

TLRY vs. WEED.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
TLRY Tilray, Inc.	-28.35%	-32.11%	-42.17%	-14.50%	-61.74%	-14.89%	-51.78%	-75.72%	215.05%
WEED.TO Canopy Growth Corporation	-16.47%	-58.51%	-46.32%	-77.98%	-73.46%	-64.49%	16.98%	-21.68%	5.61%

Different Trading Currencies

TLRY is traded in USD, while WEED.TO is traded in CAD. To make them comparable, the WEED.TO values have been converted to USD using the latest available exchange rates.

Fundamentals

Market Cap TLRY : $713.92M WEED.TO : CA$456.11M
EPS TLRY : -$27.99 WEED.TO : -CA$1.21
PS Ratio TLRY : 0.63 WEED.TO : 1.28
Total Revenue (TTM) TLRY : $1.08B WEED.TO : CA$278.39M
Gross Profit (TTM) TLRY : $304.37M WEED.TO : CA$67.17M
EBITDA (TTM) TLRY : -$2.92B WEED.TO : -CA$245.54M

Returns By Period

In the year-to-date period, TLRY achieves a -28.35% return, which is significantly lower than WEED.TO's -16.47% return.

TLRY

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

WEED.TO

• 1D: 10.12%
• 1M: -15.88%
• YTD: -16.47%
• 6M: -34.90%
• 1Y: 2.68%
• 3Y*: -62.17%
• 5Y*: -68.79%
• 10Y*: -26.24%

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

Return for Risk

TLRY vs. WEED.TO — 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

WEED.TO

WEED.TO Risk / Return Rank: 44
WEED.TO Sharpe Ratio Rank: 41
WEED.TO Sortino Ratio Rank: 55
WEED.TO Omega Ratio Rank: 51
WEED.TO Calmar Ratio Rank: 38
WEED.TO Martin Ratio Rank: 38

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. WEED.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tilray, Inc. (TLRY) and Canopy Growth Corporation (WEED.TO). 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	WEED.TO	Difference
Sharpe ratio Return per unit of total volatility	-0.01	0.02	-0.04
Sortino ratio Return per unit of downside risk	1.17	1.00	+0.17
Omega ratio Gain probability vs. loss probability	1.13	1.11	+0.02
Calmar ratio Return relative to maximum drawdown	-0.03	-0.08	+0.04
Martin ratio Return relative to average drawdown	-0.06	-0.13	+0.07
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TLRY vs. WEED.TO - Sharpe Ratio Comparison

The current TLRY Sharpe Ratio is -0.01, which is lower than the WEED.TO Sharpe Ratio of 0.02. The chart below compares the historical Sharpe Ratios of TLRY and WEED.TO, 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	WEED.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.01	0.02	-0.04
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.53	-0.56	+0.03
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	-0.26	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.33	0.00	-0.33

Correlation

The correlation between TLRY and WEED.TO is 0.68, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

TLRY vs. WEED.TO - Dividend Comparison

Neither TLRY nor WEED.TO has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

TLRY vs. WEED.TO - Drawdown Comparison

The maximum TLRY drawdown since its inception was -99.83%, roughly equal to the maximum WEED.TO drawdown of -99.86%. Use the drawdown chart below to compare losses from any high point for TLRY and WEED.TO.

Drawdown Indicators

	TLRY	WEED.TO	Difference
Max Drawdown Largest peak-to-trough decline	-99.83%	-99.84%	+0.01%
Max Drawdown (1Y) Largest decline over 1 year	-71.48%	-55.39%	-16.09%
Max Drawdown (5Y) Largest decline over 5 years	-98.39%	-99.71%	+1.32%
Max Drawdown (10Y) Largest decline over 10 years	—	-99.84%	—
Current Drawdown Current decline from peak	-99.70%	-99.82%	+0.12%
Average Drawdown Average peak-to-trough decline	-91.21%	-59.65%	-31.56%
Ulcer Index Depth and duration of drawdowns from previous peaks	42.25%	34.19%	+8.06%

Volatility

TLRY vs. WEED.TO - Volatility Comparison

The current volatility for Tilray, Inc. (TLRY) is 17.00%, while Canopy Growth Corporation (WEED.TO) has a volatility of 18.34%. This indicates that TLRY experiences smaller price fluctuations and is considered to be less risky than WEED.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TLRY	WEED.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.00%	18.34%	-1.34%
Volatility (6M) Calculated over the trailing 6-month period	74.29%	66.36%	+7.93%
Volatility (1Y) Calculated over the trailing 1-year period	134.40%	115.12%	+19.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	95.79%	122.70%	-26.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	112.90%	102.69%	+10.21%

Financials

TLRY vs. WEED.TO - Profitability Comparison

The chart below illustrates the profitability comparison between Tilray, Inc. and Canopy Growth Corporation 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%.

WEED.TO - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Canopy Growth Corporation reported a gross profit of 16.68M and revenue of 74.54M. Therefore, the gross margin over that period was 22.4%.

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%.

WEED.TO - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Canopy Growth Corporation reported an operating income of -13.10M and revenue of 74.54M, resulting in an operating margin of -17.6%.

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%.

WEED.TO - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Canopy Growth Corporation reported a net income of -62.63M and revenue of 74.54M, resulting in a net margin of -84.0%.