GLAS vs TLRY: Correlation
Measured on weekly returns over the past three years, Glass House Brands Inc. Subordinate Voting Shares (GLAS) and Tilray Brands, Inc. (TLRY) carry a correlation of 0.49, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GLAS and TLRY?
Over the past 3 years, GLAS and TLRY moved with a correlation of 0.49, which is moderate. The link has tightened recently: the 1-year correlation (0.69) runs above the 3-year figure (0.49). Over 5 years the correlation is 0.35, and the annualized covariance of weekly returns is 2668.9 %².
In GLAS's tracked universe of 11 assets, TLRY sits right near the top at #2. Correlation aside, the last 12 months split them widely, with GLAS ahead by 85.3 points (+18.7% versus -66.6%).
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.
GLAS vs TLRY: side by side
| GLAS (Glass House Brands Inc. Subordinate Voting Shares) | TLRY (Tilray Brands, Inc.) | |
|---|---|---|
| 1-year return | +18.7% | -66.6% |
| 5-year return | +124.8% | -96.5% |
| Volatility (ann.) | 62.8% | 86.6% |
| Beta vs S&P 500 | 0.87 | 1.37 |
| Max drawdown (3Y) | -61.4% | -89.1% |
| Market cap | $0.9B | $0.6B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GLAS | TLRY |
|---|---|---|
| 2022 | -50.2% | -61.7% |
| 2023 | +147.6% | -14.5% |
| 2024 | +22.6% | -42.2% |
| 2025 | +52.6% | -32.1% |
| 2026 | +10.5% | -49.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GLAS and TLRY good diversifiers for each other?
Reasonably. At 0.49, GLAS and TLRY keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between GLAS and TLRY?
As of 2026-08-27, the correlation of weekly returns between GLAS and TLRY is 0.49 over 3 years, 0.69 over 1 year and 0.35 over 5 years.
Is TLRY a good diversifier for GLAS?
Reasonably. At 0.49, GLAS and TLRY keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.49 mean?
A reading of 0.49 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/glas-vs-tlry.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/glas-vs-tlry/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GLAS correlations · TLRY correlations
