BAP vs TLSI: Correlation
Credicorp Ltd. (BAP) and TriSalus Life Sciences, Inc. (TLSI) show a moderate relationship: their 3-year correlation of weekly returns is 0.45.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BAP and TLSI?
On 3 years of weekly data the BAP/TLSI correlation comes out at 0.45, moderate. The link has loosened recently: the 1-year correlation (0.34) runs below the 3-year figure (0.45). The 5-year figure is 0.32, and annualized covariance runs at 1063.0 %².
Within BAP's tracked universe of 11 assets, TLSI comes in at #6 by 3-year correlation. Correlation aside, the last 12 months split them widely, with BAP ahead by 58.2 points (+54.9% versus -3.3%). One caveat on sizing: TLSI is 3.4 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.
BAP vs TLSI: side by side
| BAP (Credicorp Ltd.) | TLSI (TriSalus Life Sciences, Inc.) | |
|---|---|---|
| 1-year return | +54.9% | -3.3% |
| 5-year return | +370.8% | -49.6% |
| Volatility (ann.) | 26.1% | 89.7% |
| Beta vs S&P 500 | 0.55 | 1.13 |
| Max drawdown (3Y) | -20.0% | -75.4% |
| Market cap | $29.6B | $0.3B |
| P/E (trailing) | 14.1 | – |
| Dividend yield | 13.07% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BAP | TLSI |
|---|---|---|
| 2022 | +14.6% | +1.5% |
| 2023 | +16.3% | -15.8% |
| 2024 | +31.4% | -40.7% |
| 2025 | +65.4% | +39.3% |
| 2026 | +36.2% | -29.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BAP and TLSI good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.45 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between BAP and TLSI?
Using weekly returns as of 2026-08-27: 0.45 over 3 years, with 0.34 over the last year and 0.32 over 5 years.
Is TLSI a good diversifier for BAP?
Yes, to a useful degree: a correlation of 0.45 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.45 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/bap-vs-tlsi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bap-vs-tlsi/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BAP correlations · TLSI correlations
