TLRY vs YCBD: Correlation
Tilray Brands, Inc. (TLRY) and cbdMD, Inc. (YCBD) show a moderate relationship: their 3-year correlation of weekly returns is 0.41.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TLRY and YCBD?
Over the past 3 years, TLRY and YCBD moved with a correlation of 0.41, which is moderate. The link has tightened recently: the 1-year correlation (0.68) runs above the 3-year figure (0.41). Over 5 years the correlation is 0.38, and the annualized covariance of weekly returns is 4326.4 %².
Within TLRY's tracked universe of 15 assets, YCBD comes in at #8 by 3-year correlation. Correlation aside, the last 12 months split them widely, with YCBD ahead by 38.1 points (-66.6% versus -28.5%).
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 YCBD: side by side
| TLRY (Tilray Brands, Inc.) | YCBD (cbdMD, Inc.) | |
|---|---|---|
| 1-year return | -66.6% | -28.5% |
| 5-year return | -96.5% | -99.9% |
| Volatility (ann.) | 86.6% | 122.3% |
| Beta vs S&P 500 | 1.37 | 0.80 |
| Max drawdown (3Y) | -89.1% | -95.8% |
| Market cap | $0.6B | – |
| P/E (trailing) | – | 2.3 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | TLRY | YCBD |
|---|---|---|
| 2022 | -61.7% | -79.0% |
| 2023 | -14.5% | -89.8% |
| 2024 | -42.2% | -63.9% |
| 2025 | -32.1% | -55.0% |
| 2026 | -49.4% | -63.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TLRY and YCBD good diversifiers for each other?
Reasonably. At 0.41, TLRY and YCBD keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between TLRY and YCBD?
Using weekly returns as of 2026-08-27: 0.41 over 3 years, with 0.68 over the last year and 0.38 over 5 years.
Is YCBD a good diversifier for TLRY?
Reasonably. At 0.41, TLRY and YCBD keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.41 mean?
A reading of 0.41 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/tlry-vs-ycbd.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/tlry-vs-ycbd/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: TLRY correlations · YCBD correlations
