TLRY vs VFF: Correlation
How closely do Tilray Brands, Inc. (TLRY) and Village Farms International, Inc. (VFF) trade together? Their weekly returns over three years give a correlation of 0.57, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TLRY and VFF?
Across a 3-year window, the weekly returns of TLRY and VFF correlate at 0.57, moderate. The link has loosened recently: the 1-year correlation (0.46) runs below the 3-year figure (0.57). Stretching to 5 years gives 0.55, with an annualized covariance of 3864.1 %².
VFF is one of the assets that tracks TLRY most closely: it ranks #2 out of the 15 assets we track against TLRY. The last year tells two different stories: VFF led by 61.0 percentage points, -66.6% for TLRY against -5.6% for VFF.
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.
TLRY vs VFF: side by side
| TLRY (Tilray Brands, Inc.) | VFF (Village Farms International, Inc.) | |
|---|---|---|
| 1-year return | -66.6% | -5.6% |
| 5-year return | -96.5% | -69.7% |
| Volatility (ann.) | 86.6% | 78.2% |
| Beta vs S&P 500 | 1.37 | 1.61 |
| Max drawdown (3Y) | -89.1% | -68.6% |
| Market cap | $0.6B | $0.3B |
| P/E (trailing) | – | 15.9 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | TLRY | VFF |
|---|---|---|
| 2022 | -61.7% | -79.1% |
| 2023 | -14.5% | -43.2% |
| 2024 | -42.2% | +1.3% |
| 2025 | -32.1% | +373.4% |
| 2026 | -49.4% | -21.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TLRY and VFF good diversifiers for each other?
To a limited degree. At 0.57 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between TLRY and VFF?
Using weekly returns as of 2026-08-27: 0.57 over 3 years, with 0.46 over the last year and 0.55 over 5 years.
Is VFF a good diversifier for TLRY?
To a limited degree. At 0.57 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.57 mean?
On the −1 to +1 scale, 0.57 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/tlry-vs-vff.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/tlry-vs-vff/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: TLRY correlations · VFF correlations
