WEED vs. TLRY

Last updated Jul 14, 2026

WEED (Roundhill Cannabis ETF) is Cannabis fund actively managed by Roundhill, while TLRY (Tilray, Inc.) is a stock. Over the past 3 years, WEED returned -6.11%/yr vs -35.47%/yr for TLRY. A 0.54 correlation means they provide meaningful diversification when combined.

Performance

WEED vs. TLRY - Performance Comparison

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

Returns By Period

In the year-to-date period, WEED achieves a 3.46% return, which is significantly higher than TLRY's -50.61% return.

WEED

• 1D: 4.85%
• 1M: -5.56%
• 6M: -4.33%
• YTD: 3.46%
• 1Y: 62.98%
• 3Y*: -6.11%
• 5Y*: —
• 10Y*: —

TLRY

• 1D: 0.90%
• 1M: -10.44%
• 6M: -52.04%
• YTD: -50.61%
• 1Y: -23.17%
• 3Y*: -35.47%
• 5Y*: -50.50%
• 10Y*: —

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

WEED vs. TLRY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
WEED Roundhill Cannabis ETF	3.46%	19.40%	-44.93%	0.87%	-61.19%
TLRY Tilray, Inc.	-50.61%	-32.11%	-42.17%	-14.50%	-53.86%

Correlation

The correlation between WEED and TLRY is 0.58, 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	0.58
Correlation (3Y) Calculated over the trailing 3-year period	0.51
Correlation (All Time) Calculated using the full available price history since Apr 20, 2022	0.54

The correlation between WEED and TLRY has been stable across timeframes, ranging from 0.51 to 0.58 - a consistent structural relationship.

Return for Risk

WEED vs. TLRY — Risk / Return Rank

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

WEED

WEED Risk / Return Rank: 30
WEED Sharpe Ratio Rank: 20
WEED Sortino Ratio Rank: 41
WEED Omega Ratio Rank: 37
WEED Calmar Ratio Rank: 29
WEED Martin Ratio Rank: 22

TLRY

TLRY Risk / Return Rank: 43
TLRY Sharpe Ratio Rank: 38
TLRY Sortino Ratio Rank: 52
TLRY Omega Ratio Rank: 49
TLRY Calmar Ratio Rank: 36
TLRY 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.

WEED vs. TLRY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill Cannabis ETF (WEED) 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.

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.

	WEED	TLRY	Difference
Sharpe ratio: Return per unit of total volatility	0.56	-0.18	+0.74
Sortino ratio: Return per unit of downside risk	1.73	0.71	+1.02
Omega ratio: Gain probability vs. loss probability	1.20	1.08	+0.12
Calmar ratio: Return relative to maximum drawdown	1.17	-0.29	+1.46
Martin ratio: Return relative to average drawdown	2.11	-0.42	+2.53

WEED vs. TLRY - Sharpe Ratio Comparison

The current WEED Sharpe Ratio is 0.56, which is higher than the TLRY Sharpe Ratio of -0.18. The chart below compares the historical Sharpe Ratios of WEED and TLRY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

WEED vs. TLRY - Drawdown Comparison

The maximum WEED drawdown since its inception was -88.37%, smaller than the maximum TLRY drawdown of -99.83%. Use the drawdown chart below to compare losses from any high point for WEED and TLRY.

Drawdown Indicators

	WEED	TLRY	Difference
Max Drawdown Largest peak-to-trough decline	-88.37%	-99.83%	+11.46%
Max Drawdown (1Y) Largest decline over 1 year	-54.01%	-79.48%	+25.47%
Max Drawdown (3Y) Largest decline over 3 years	-81.50%	-89.12%	+7.62%
Max Drawdown (5Y) Largest decline over 5 years	—	-97.75%	—
Current Drawdown Current decline from peak	-73.37%	-99.79%	+26.42%
Average Drawdown Average peak-to-trough decline	-63.80%	-91.47%	+27.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	30.02%	54.94%	-24.92%

Volatility

WEED vs. TLRY - Volatility Comparison

Roundhill Cannabis ETF (WEED) has a higher volatility of 17.40% compared to Tilray, Inc. (TLRY) at 10.95%. This indicates that WEED'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.

Volatility by Period

	WEED	TLRY	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.40%	10.95%	+6.45%
Volatility (6M) Calculated over the trailing 6-month period	56.83%	39.77%	+17.06%
Volatility (1Y) Calculated over the trailing 1-year period	113.00%	127.21%	-14.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	82.25%	94.90%	-12.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	82.25%	111.39%	-29.14%

Dividends

WEED vs. TLRY - Dividend Comparison

Neither WEED nor TLRY has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both WEED and TLRY in my portfolio?

WEED and TLRY have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, WEED or TLRY?

WEED has higher volatility (17.40%) compared to TLRY (10.95%). In terms of maximum drawdown, WEED dropped -88.37% vs TLRY's -99.83%.

Which has better risk-adjusted returns?

WEED currently has the higher Sharpe Ratio (0.56 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.