CRON vs TRLV: Correlation
How closely do Cronos Group Inc. - Common Share (CRON) and Trulieve Cannabis Corp. Subordinate Voting Shares (TRLV) trade together? Their weekly returns over three years give a correlation of 0.51, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRON and TRLV?
Over the past 3 years, CRON and TRLV moved with a correlation of 0.51, which is moderate. The relationship has been stable: the 1-year correlation (0.58) sits close to the 3-year figure. Over 5 years the correlation is 0.51, and the annualized covariance of weekly returns is 1908.3 %².
Within CRON's tracked universe of 13 assets, TRLV comes in at #5 by 3-year correlation. The trailing year gives CRON the advantage: +32.4% versus +22.7%, a 9.7-point spread. Note the risk asymmetry: TRLV runs 2.2 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
CRON vs TRLV: side by side
| CRON (Cronos Group Inc. - Common Share) | TRLV (Trulieve Cannabis Corp. Subordinate Voting Shares) | |
|---|---|---|
| 1-year return | +32.4% | +22.7% |
| 5-year return | -47.1% | -59.1% |
| Volatility (ann.) | 41.8% | 89.9% |
| Beta vs S&P 500 | 0.75 | 1.02 |
| Max drawdown (3Y) | -46.4% | -77.5% |
| Market cap | $1.2B | $2.1B |
| P/E (trailing) | 18.8 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CRON | TRLV |
|---|---|---|
| 2022 | -35.2% | -70.9% |
| 2023 | -17.7% | -31.2% |
| 2024 | -3.3% | -0.5% |
| 2025 | +30.2% | +67.6% |
| 2026 | +28.9% | +26.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRON and TRLV good diversifiers for each other?
Somewhat, no more. With 0.51 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between CRON and TRLV?
The CRON/TRLV correlation stands at 0.51 on a 3-year window (1 year: 0.58, 5 years: 0.51), computed from weekly returns as of 2026-08-27.
Is TRLV a good diversifier for CRON?
Somewhat, no more. With 0.51 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.51 mean?
On the −1 to +1 scale, 0.51 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/cron-vs-trlv.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cron-vs-trlv/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CRON correlations · TRLV correlations
