WEED vs. TLRY
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 -3.49%/yr vs -32.91%/yr for TLRY. A 0.54 correlation means they provide meaningful diversification when combined.
Performance
WEED vs. TLRY - Performance Comparison
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Returns By Period
In the year-to-date period, WEED achieves a 1.75% return, which is significantly higher than TLRY's -49.17% return.
WEED
- 1D
- -5.54%
- 1M
- 3.43%
- YTD
- 1.75%
- 6M
- 5.21%
- 1Y
- 121.95%
- 3Y*
- -3.49%
- 5Y*
- —
- 10Y*
- —
TLRY
- 1D
- -2.96%
- 1M
- -13.23%
- YTD
- -49.17%
- 6M
- -55.95%
- 1Y
- 27.50%
- 3Y*
- -32.91%
- 5Y*
- -51.78%
- 10Y*
- —
WEED vs. TLRY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
WEED Roundhill Cannabis ETF | 1.75% | 19.40% | -44.93% | 0.87% | -61.19% |
TLRY Tilray, Inc. | -49.17% | -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.
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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, 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 | +0.87 | ||
| Sortino ratioReturn per unit of downside risk | +0.67 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.17 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 2.27 | 0.35 | +1.92 |
| Martin ratioReturn relative to average drawdown | 4.20 | 0.53 | +3.67 |
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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% | -78.14% | +24.13% |
Max Drawdown (3Y)Largest decline over 3 years | -81.50% | -89.12% | +7.62% |
Max Drawdown (5Y)Largest decline over 5 years | — | -98.07% | — |
Current DrawdownCurrent decline from peak | -73.81% | -99.79% | +25.98% |
Average DrawdownAverage peak-to-trough decline | -63.67% | -91.41% | +27.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 29.15% | 51.73% | -22.58% |
Volatility
WEED vs. TLRY - Volatility Comparison
Roundhill Cannabis ETF (WEED) has a higher volatility of 21.13% compared to Tilray, Inc. (TLRY) at 11.77%. 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.
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Volatility by Period
| WEED | TLRY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 21.13% | 11.77% | +9.36% |
Volatility (6M)Calculated over the trailing 6-month period | 65.25% | 41.98% | +23.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 113.63% | 131.04% | -17.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 82.52% | 94.88% | -12.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 82.52% | 111.73% | -29.21% |
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 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WEED has higher volatility (21.13%) compared to TLRY (11.77%). In terms of maximum drawdown, WEED dropped -88.37% vs TLRY's -99.83%.
WEED currently has the higher Sharpe Ratio (1.08 vs 0.21), 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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