GLAS vs TRLV: Correlation
How closely do Glass House Brands Inc. Subordinate Voting Shares (GLAS) and Trulieve Cannabis Corp. Subordinate Voting Shares (TRLV) trade together? Their weekly returns over three years give a correlation of 0.58, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GLAS and TRLV?
On 3 years of weekly data the GLAS/TRLV correlation comes out at 0.58, moderate. The past 12 months show a tighter link (0.71) than the 3-year average (0.58). The 5-year figure is 0.51, and annualized covariance runs at 3295.9 %².
In GLAS's tracked universe of 11 assets, TRLV sits right near the top at #1. Their 12-month results are close: +18.7% for GLAS against +22.7% for TRLV.
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 TRLV: side by side
| GLAS (Glass House Brands Inc. Subordinate Voting Shares) | TRLV (Trulieve Cannabis Corp. Subordinate Voting Shares) | |
|---|---|---|
| 1-year return | +18.7% | +22.7% |
| 5-year return | +124.8% | -59.1% |
| Volatility (ann.) | 62.8% | 89.9% |
| Beta vs S&P 500 | 0.87 | 1.02 |
| Max drawdown (3Y) | -61.4% | -77.5% |
| Market cap | $0.9B | $2.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GLAS | TRLV |
|---|---|---|
| 2022 | -50.2% | -70.9% |
| 2023 | +147.6% | -31.2% |
| 2024 | +22.6% | -0.5% |
| 2025 | +52.6% | +67.6% |
| 2026 | +10.5% | +26.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GLAS and TRLV good diversifiers for each other?
Somewhat, no more. With 0.58 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between GLAS and TRLV?
Using weekly returns as of 2026-08-27: 0.58 over 3 years, with 0.71 over the last year and 0.51 over 5 years.
Is TRLV a good diversifier for GLAS?
Somewhat, no more. With 0.58 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.58 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/glas-vs-trlv.json
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Related comparisons
Hubs: GLAS correlations · TRLV correlations
