WEED vs. TLRY
WEED (Roundhill Cannabis ETF) is Cannabis fund actively managed by Roundhill, while TLRY (Tilray Brands, Inc.) is a stock. Over the past 3 years, WEED returned -6.56%/yr vs -42.43%/yr for TLRY. Their 0.54 correlation means they have sometimes moved together and sometimes differently.
Performance
WEED vs. TLRY - Performance Comparison
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Returns By Period
In the year-to-date period, WEED achieves a -4.55% return, which is significantly higher than TLRY's -49.72% return.
WEED
- 1D
- 1.12%
- 1M
- -11.61%
- 6M
- 11.61%
- YTD
- -4.55%
- 1Y
- 46.71%
- 3Y*
- -6.56%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -27.97%
TLRY
- 1D
- 8.10%
- 1M
- -1.73%
- 6M
- -39.14%
- YTD
- -49.72%
- 1Y
- -20.17%
- 3Y*
- -42.43%
- 5Y*
- -50.06%
- 10Y*
- —
- ALL TIME*
- -38.67%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $22.99M | $19.43M | $19.08M | |
| $134.43K | $200.90K | $425.04K |
WEED vs. TLRY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
WEED Roundhill Cannabis ETF | -4.55% | 19.40% | -44.93% | 0.87% | -61.19% |
TLRY Tilray Brands, Inc. | -49.72% | -32.11% | -42.17% | -14.50% | -53.86% |
Correlation
The correlation between WEED and TLRY is 0.60, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.60 |
Correlation (3Y) Balances recent behavior with more history. | 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 0.60 - a consistent structural relationship.
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Return for Risk
WEED vs. TLRY — Risk / Return Rank
WEED
TLRY
WEED vs. TLRY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Roundhill Cannabis ETF (WEED) and Tilray Brands, 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 ratioReturn per unit of total volatility | +0.71 | ||
| Sortino ratioReturn per unit of downside risk | +0.98 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.08 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.09 | -0.27 | +1.36 |
| Martin ratioReturn relative to average drawdown | 1.90 | -0.38 | +2.28 |
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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.
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Drawdown Indicators
| WEED | TLRY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -88.37% | -99.83% | +11.46% |
Max Drawdown (1Y)Largest decline over 1 year | -54.01% | -81.52% | +27.51% |
Max Drawdown (3Y)Largest decline over 3 years | -81.50% | -89.12% | +7.62% |
Max Drawdown (5Y)Largest decline over 5 years | — | -97.57% | — |
Current DrawdownCurrent decline from peak | -75.43% | -99.79% | +24.36% |
Average DrawdownAverage peak-to-trough decline | -63.95% | -91.53% | +27.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 31.02% | 57.91% | -26.89% |
Volatility
WEED vs. TLRY - Volatility Comparison
The current volatility for Roundhill Cannabis ETF (WEED) is 12.78%, while Tilray Brands, Inc. (TLRY) has a volatility of 14.15%. This indicates that WEED experiences smaller price fluctuations and is considered to be less risky 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 | TLRY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.78% | 14.15% | -1.37% |
Volatility (6M)Calculated over the trailing 6-month period | 55.58% | 39.06% | +16.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 111.46% | 123.40% | -11.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 81.80% | 94.05% | -12.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 81.80% | 111.08% | -29.28% |
Dividends
WEED vs. TLRY - Dividend Comparison
Neither WEED nor TLRY has paid dividends to shareholders.
Frequently Asked Questions
WEED and TLRY have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TLRY has higher volatility (14.15%) compared to WEED (12.78%). In terms of maximum drawdown, WEED dropped -88.37% vs TLRY's -99.83%.
WEED currently has the higher Sharpe Ratio (0.53 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.
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