WEED.TO vs. TLRY
WEED.TO (Canopy Growth Corporation) and TLRY (Tilray, Inc.) are both stocks. Both operate in the Drug Manufacturers - Specialty & Generic industry within the Healthcare sector. Over the past 5 years, WEED.TO returned -65.32%/yr vs -50.29%/yr for TLRY. A 0.67 correlation means they provide meaningful diversification when combined.
Performance
WEED.TO vs. TLRY - Performance Comparison
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Different Trading Currencies
WEED.TO is traded in CAD, while TLRY is traded in USD. To make them comparable, the TLRY values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, WEED.TO achieves a -5.77% return, which is significantly higher than TLRY's -44.43% return.
WEED.TO
- 1D
- 2.80%
- 1M
- -7.55%
- YTD
- -5.77%
- 6M
- -8.13%
- 1Y
- -20.97%
- 3Y*
- -48.08%
- 5Y*
- -65.32%
- 10Y*
- -25.00%
TLRY
- 1D
- -4.62%
- 1M
- -12.32%
- YTD
- -44.43%
- 6M
- -32.19%
- 1Y
- 29.71%
- 3Y*
- -33.79%
- 5Y*
- -50.29%
- 10Y*
- —
WEED.TO vs. TLRY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
WEED.TO Canopy Growth Corporation | -5.77% | -60.41% | -41.72% | -78.47% | -71.56% | -64.75% | 14.68% | -25.40% | 8.60% |
TLRY Tilray, Inc. | -44.43% | -35.22% | -37.21% | -16.38% | -59.01% | -15.66% | -52.60% | -76.91% | 223.93% |
Correlation
The correlation between WEED.TO and TLRY is 0.70, 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 | 0.70 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.66 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.71 |
Correlation (All Time) Calculated using the full available price history since Jul 20, 2018 | 0.67 |
The correlation between WEED.TO and TLRY has been stable across timeframes, ranging from 0.66 to 0.71 - a consistent structural relationship.
Fundamentals
WEED.TO:
-CA$1.21
TLRY:
-$25.09
WEED.TO:
1.42
TLRY:
0.32
WEED.TO:
CA$278.39M
TLRY:
$1.11B
WEED.TO:
CA$67.17M
TLRY:
$307.02M
WEED.TO:
-CA$245.54M
TLRY:
-$1.84B
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Return for Risk
WEED.TO vs. TLRY — Risk / Return Rank
WEED.TO
TLRY
WEED.TO vs. TLRY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Canopy Growth Corporation (WEED.TO) and Tilray, Inc. (TLRY). 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.
| WEED.TO | TLRY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.39 | ||
| Sortino ratioReturn per unit of downside risk | -1.06 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.18 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | -0.31 | 0.39 | -0.70 |
| Martin ratioReturn relative to average drawdown | -0.48 | 0.60 | -1.08 |
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
| WEED.TO | TLRY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.16 | 0.23 | -0.39 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.54 | -0.54 | 0.00 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.25 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.00 | -0.34 | +0.34 |
Drawdowns
WEED.TO vs. TLRY - Drawdown Comparison
The maximum WEED.TO drawdown since its inception was -99.84%, roughly equal to the maximum TLRY drawdown of -99.82%. Use the drawdown chart below to compare losses from any high point for WEED.TO and TLRY.
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Drawdown Indicators
| WEED.TO | TLRY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.84% | -99.82% | -0.02% |
Max Drawdown (1Y)Largest decline over 1 year | -54.72% | -76.61% | +21.89% |
Max Drawdown (3Y)Largest decline over 3 years | -94.91% | -88.99% | -5.92% |
Max Drawdown (5Y)Largest decline over 5 years | -99.63% | -98.09% | -1.54% |
Max Drawdown (10Y)Largest decline over 10 years | -99.84% | — | — |
Current DrawdownCurrent decline from peak | -99.80% | -99.75% | -0.05% |
Average DrawdownAverage peak-to-trough decline | -60.10% | -91.30% | +31.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 35.40% | 49.88% | -14.48% |
Volatility
WEED.TO vs. TLRY - Volatility Comparison
Canopy Growth Corporation (WEED.TO) has a higher volatility of 14.65% compared to Tilray, Inc. (TLRY) at 11.05%. This indicates that WEED.TO's price experiences larger fluctuations and is considered to be riskier than TLRY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WEED.TO | TLRY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.65% | 11.05% | +3.60% |
Volatility (6M)Calculated over the trailing 6-month period | 65.53% | 63.30% | +2.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 104.58% | 130.85% | -26.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 122.27% | 94.20% | +28.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 102.20% | 110.78% | -8.58% |
Dividends
WEED.TO vs. TLRY - Dividend Comparison
Neither WEED.TO nor TLRY has paid dividends to shareholders.
Financials
WEED.TO vs. TLRY - Financials Comparison
This section allows you to compare key financial metrics between Canopy Growth Corporation and Tilray, 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
WEED.TO vs. TLRY - Profitability Comparison
WEED.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 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 - 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%.
WEED.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 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 - 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%.
WEED.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Canopy Growth Corporation reported a net income of -62.63M and revenue of 74.54M, resulting in a net margin of -84.0%.
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%.
Frequently Asked Questions
WEED.TO and TLRY have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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