GRWG vs TLRY: Correlation
GrowGeneration Corp. (GRWG) and Tilray Brands, Inc. (TLRY) show a moderate relationship: their 3-year correlation of weekly returns is 0.55.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GRWG and TLRY?
Across a 3-year window, the weekly returns of GRWG and TLRY correlate at 0.55, moderate. The relationship has been stable: the 1-year correlation (0.50) sits close to the 3-year figure. Stretching to 5 years gives 0.53, with an annualized covariance of 3822.3 %².
Few assets follow GRWG as closely as TLRY, which ranks #2 of 18 tracked partners. The last year tells two different stories: GRWG led by 65.4 percentage points, -1.2% for GRWG against -66.6% for TLRY.
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.
GRWG vs TLRY: side by side
| GRWG (GrowGeneration Corp.) | TLRY (Tilray Brands, Inc.) | |
|---|---|---|
| 1-year return | -1.2% | -66.6% |
| 5-year return | -94.6% | -96.5% |
| Volatility (ann.) | 79.8% | 86.6% |
| Beta vs S&P 500 | 1.88 | 1.37 |
| Max drawdown (3Y) | -76.3% | -89.1% |
| Market cap | $0.1B | $0.6B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GRWG | TLRY |
|---|---|---|
| 2022 | -70.0% | -61.7% |
| 2023 | -36.0% | -14.5% |
| 2024 | -32.7% | -42.2% |
| 2025 | -11.2% | -32.1% |
| 2026 | +10.7% | -49.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GRWG and TLRY good diversifiers for each other?
Only partially. A correlation of 0.55 means GRWG and TLRY share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between GRWG and TLRY?
As of 2026-08-27, the correlation of weekly returns between GRWG and TLRY is 0.55 over 3 years, 0.50 over 1 year and 0.53 over 5 years.
Is TLRY a good diversifier for GRWG?
Only partially. A correlation of 0.55 means GRWG and TLRY share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.55 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/grwg-vs-tlry.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/grwg-vs-tlry/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GRWG correlations · TLRY correlations
