ASR vs TLSI: Correlation
How closely do Grupo Aeroportuario del Sureste, S.A. de C.V. (ASR) and TriSalus Life Sciences, Inc. (TLSI) trade together? Their weekly returns over three years give a correlation of 0.46, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASR and TLSI?
Across a 3-year window, the weekly returns of ASR and TLSI correlate at 0.46, moderate. The link has loosened recently: the 1-year correlation (0.30) runs below the 3-year figure (0.46). Stretching to 5 years gives 0.36, with an annualized covariance of 1339.3 %².
Among the 13 assets we track against ASR, TLSI ranks #6 by 3-year correlation. Correlation aside, the last 12 months split them widely, with TLSI ahead by 16.1 points (-19.4% versus -3.3%). One caveat on sizing: TLSI is 2.8 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
ASR vs TLSI: side by side
| ASR (Grupo Aeroportuario del Sureste, S.A. de C.V.) | TLSI (TriSalus Life Sciences, Inc.) | |
|---|---|---|
| 1-year return | -19.4% | -3.3% |
| 5-year return | +83.2% | -49.6% |
| Volatility (ann.) | 32.3% | 89.7% |
| Beta vs S&P 500 | 0.77 | 1.13 |
| Max drawdown (3Y) | -31.1% | -75.4% |
| Market cap | – | $0.3B |
| P/E (trailing) | 13.6 | – |
| Dividend yield | 3.81% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ASR | TLSI |
|---|---|---|
| 2022 | +17.0% | +1.5% |
| 2023 | +32.1% | -15.8% |
| 2024 | -9.2% | -40.7% |
| 2025 | +35.6% | +39.3% |
| 2026 | -18.1% | -29.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASR and TLSI good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.46 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ASR and TLSI?
Using weekly returns as of 2026-08-27: 0.46 over 3 years, with 0.30 over the last year and 0.36 over 5 years.
Is TLSI a good diversifier for ASR?
Yes, to a useful degree: a correlation of 0.46 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.46 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/asr-vs-tlsi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/asr-vs-tlsi/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ASR correlations · TLSI correlations
