BBVA vs TLSA: Correlation
Banco Bilbao Vizcaya Argentaria S.A. (BBVA) and Tiziana Life Sciences Ltd (TLSA) show a weak relationship: their 3-year correlation of weekly returns is 0.26.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BBVA and TLSA?
Over the past 3 years, BBVA and TLSA moved with a correlation of 0.26, which is weak. The link has loosened recently: the 1-year correlation (0.15) runs below the 3-year figure (0.26). Over 5 years the correlation is 0.09, and the annualized covariance of weekly returns is 723.5 %².
Among the 12 assets we track against BBVA, TLSA sits near the bottom by co-movement, at rank #9. Correlation aside, the last 12 months split them widely, with BBVA ahead by 109.4 points (+67.8% versus -41.6%). One caveat on sizing: TLSA is 3.1 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.
BBVA vs TLSA: side by side
| BBVA (Banco Bilbao Vizcaya Argentaria S.A.) | TLSA (Tiziana Life Sciences Ltd) | |
|---|---|---|
| 1-year return | +67.8% | -41.6% |
| 5-year return | +503.8% | -31.6% |
| Volatility (ann.) | 29.9% | 92.1% |
| Beta vs S&P 500 | 0.88 | -0.48 |
| Max drawdown (3Y) | -22.1% | -64.4% |
| Market cap | $158.3B | $0.1B |
| P/E (trailing) | 13.2 | – |
| Dividend yield | 2.07% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BBVA | TLSA |
|---|---|---|
| 2022 | +10.1% | -37.5% |
| 2023 | +62.5% | -6.7% |
| 2024 | +14.2% | +25.0% |
| 2025 | +154.0% | +112.9% |
| 2026 | +26.9% | -27.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BBVA and TLSA good diversifiers for each other?
Reasonably. At 0.26, BBVA and TLSA keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between BBVA and TLSA?
The BBVA/TLSA correlation stands at 0.26 on a 3-year window (1 year: 0.15, 5 years: 0.09), computed from weekly returns as of 2026-08-27.
Is TLSA a good diversifier for BBVA?
Reasonably. At 0.26, BBVA and TLSA keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.26 mean?
A reading of 0.26 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/bbva-vs-tlsa.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bbva-vs-tlsa/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BBVA correlations · TLSA correlations
