TSNDF vs. GTBIF
TSNDF (TerrAscend Corp) and GTBIF (Green Thumb Industries Inc) are both stocks. Both operate in the Drug Manufacturers - Specialty & Generic industry within the Healthcare sector. Over the past 5 years, TSNDF returned -42.10%/yr vs -25.77%/yr for GTBIF. At a 0.49 correlation, their price movements are largely independent.
Performance
TSNDF vs. GTBIF - Performance Comparison
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Returns By Period
In the year-to-date period, TSNDF achieves a -10.97% return, which is significantly lower than GTBIF's -10.41% return.
TSNDF
- 1D
- -7.10%
- 1M
- -1.38%
- YTD
- -10.97%
- 6M
- -11.76%
- 1Y
- 156.40%
- 3Y*
- -26.98%
- 5Y*
- -42.10%
- 10Y*
- —
GTBIF
- 1D
- -1.64%
- 1M
- 0.84%
- YTD
- -10.41%
- 6M
- -7.10%
- 1Y
- 49.69%
- 3Y*
- -1.85%
- 5Y*
- -25.77%
- 10Y*
- 82.57%
TSNDF vs. GTBIF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TSNDF TerrAscend Corp | -10.97% | 10.77% | -60.12% | 44.25% | -81.52% | -39.15% | 358.90% | -48.83% | 73.63% | 54.81% |
GTBIF Green Thumb Industries Inc | -10.41% | -1.64% | -27.64% | 30.67% | -61.01% | -9.55% | 151.28% | 21.42% | 40,051.00% | -24.53% |
Correlation
The correlation between TSNDF and GTBIF is 0.78, 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 | 0.78 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.68 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.64 |
Correlation (All Time) Calculated using the full available price history since Nov 17, 2017 | 0.49 |
Over the past year, TSNDF and GTBIF have become more correlated (0.78) than their long-term average of 0.49, meaning their price movements have been converging.
Fundamentals
TSNDF:
$197.77M
GTBIF:
$1.67B
TSNDF:
-$0.27
GTBIF:
$0.52
TSNDF:
0.76
GTBIF:
1.41
TSNDF:
2.17
GTBIF:
0.88
TSNDF:
$255.10M
GTBIF:
$1.20B
TSNDF:
$134.12M
GTBIF:
$575.26M
TSNDF:
$40.73M
GTBIF:
$438.97M
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Return for Risk
TSNDF vs. GTBIF — Risk / Return Rank
TSNDF
GTBIF
TSNDF vs. GTBIF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TerrAscend Corp (TSNDF) and Green Thumb Industries Inc (GTBIF). 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.
| TSNDF | GTBIF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.41 | ||
| Sortino ratioReturn per unit of downside risk | +0.86 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.18 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 2.35 | 1.18 | +1.17 |
| Martin ratioReturn relative to average drawdown | 3.88 | 2.28 | +1.60 |
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Drawdowns
TSNDF vs. GTBIF - Drawdown Comparison
The maximum TSNDF drawdown since its inception was -98.47%, roughly equal to the maximum GTBIF drawdown of -99.97%. Use the drawdown chart below to compare losses from any high point for TSNDF and GTBIF.
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Drawdown Indicators
| TSNDF | GTBIF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.47% | -99.97% | +1.50% |
Max Drawdown (1Y)Largest decline over 1 year | -66.96% | -42.24% | -24.72% |
Max Drawdown (3Y)Largest decline over 3 years | -89.57% | -68.66% | -20.91% |
Max Drawdown (5Y)Largest decline over 5 years | -97.90% | -85.71% | -12.19% |
Max Drawdown (10Y)Largest decline over 10 years | — | -92.86% | — |
Current DrawdownCurrent decline from peak | -95.91% | -81.27% | -14.64% |
Average DrawdownAverage peak-to-trough decline | -66.79% | -78.97% | +12.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 40.47% | 21.82% | +18.65% |
Volatility
TSNDF vs. GTBIF - Volatility Comparison
TerrAscend Corp (TSNDF) has a higher volatility of 19.75% compared to Green Thumb Industries Inc (GTBIF) at 15.45%. This indicates that TSNDF's price experiences larger fluctuations and is considered to be riskier than GTBIF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TSNDF | GTBIF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.75% | 15.45% | +4.30% |
Volatility (6M)Calculated over the trailing 6-month period | 100.58% | 47.21% | +53.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 171.48% | 97.08% | +74.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 107.16% | 71.99% | +35.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 94.95% | 46,700.56% | -46,605.61% |
Dividends
TSNDF vs. GTBIF - Dividend Comparison
Neither TSNDF nor GTBIF has paid dividends to shareholders.
Financials
TSNDF vs. GTBIF - Financials Comparison
This section allows you to compare key financial metrics between TerrAscend Corp and Green Thumb Industries 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
TSNDF vs. GTBIF - Profitability Comparison
TSNDF - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, TerrAscend Corp reported a gross profit of 34.60M and revenue of 65.54M. Therefore, the gross margin over that period was 52.8%.
GTBIF - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Green Thumb Industries Inc reported a gross profit of 143.65M and revenue of 300.19M. Therefore, the gross margin over that period was 47.9%.
TSNDF - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, TerrAscend Corp reported an operating income of 11.52M and revenue of 65.54M, resulting in an operating margin of 17.6%.
GTBIF - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Green Thumb Industries Inc reported an operating income of 40.73M and revenue of 300.19M, resulting in an operating margin of 13.6%.
TSNDF - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, TerrAscend Corp reported a net income of -8.00M and revenue of 65.54M, resulting in a net margin of -12.2%.
GTBIF - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Green Thumb Industries Inc reported a net income of 15.40M and revenue of 300.19M, resulting in a net margin of 5.1%.
Frequently Asked Questions
TSNDF and GTBIF have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TSNDF has higher volatility (19.75%) compared to GTBIF (15.45%). In terms of maximum drawdown, TSNDF dropped -98.47% vs GTBIF's -99.97%.
TSNDF currently has the higher Sharpe Ratio (0.92 vs 0.51), 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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