HITI vs TLRY: Correlation
High Tide Inc. (HITI) and Tilray Brands, Inc. (TLRY) show a moderate relationship: their 3-year correlation of weekly returns is 0.37.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HITI and TLRY?
On 3 years of weekly data the HITI/TLRY correlation comes out at 0.37, moderate. The past 12 months show a tighter link (0.63) than the 3-year average (0.37). The 5-year figure is 0.40, and annualized covariance runs at 1821.4 %².
Among the 10 assets we track against HITI, TLRY ranks #4 by 3-year correlation. The last year tells two different stories: HITI led by 38.0 percentage points, -28.6% for HITI against -66.6% for TLRY. Risk is not evenly split, since TLRY carries 1.5 times the volatility of the other side.
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.
HITI vs TLRY: side by side
| HITI (High Tide Inc.) | TLRY (Tilray Brands, Inc.) | |
|---|---|---|
| 1-year return | -28.6% | -66.6% |
| 5-year return | -64.1% | -96.5% |
| Volatility (ann.) | 57.1% | 86.6% |
| Beta vs S&P 500 | 0.73 | 1.37 |
| Max drawdown (3Y) | -51.6% | -89.1% |
| Market cap | $0.2B | $0.6B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HITI | TLRY |
|---|---|---|
| 2022 | -63.8% | -61.7% |
| 2023 | +5.8% | -14.5% |
| 2024 | +89.6% | -42.2% |
| 2025 | -14.2% | -32.1% |
| 2026 | -3.0% | -49.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HITI and TLRY good diversifiers for each other?
A fair diversifier. At 0.37, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between HITI and TLRY?
As of 2026-08-27, the correlation of weekly returns between HITI and TLRY is 0.37 over 3 years, 0.63 over 1 year and 0.40 over 5 years.
Is TLRY a good diversifier for HITI?
A fair diversifier. At 0.37, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.37 mean?
On the −1 to +1 scale, 0.37 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/hiti-vs-tlry.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/hiti-vs-tlry/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: HITI correlations · TLRY correlations
