BTBD vs TLSI: Correlation
BT Brands, Inc. (BTBD) and TriSalus Life Sciences, Inc. (TLSI) show a moderate relationship: their 3-year correlation of weekly returns is 0.39.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BTBD and TLSI?
Over the past 3 years, BTBD and TLSI moved with a correlation of 0.39, which is moderate. The link has loosened recently: the 1-year correlation (0.16) runs below the 3-year figure (0.39). Over 5 years the correlation is 0.34, and the annualized covariance of weekly returns is 2844.8 %².
In BTBD's tracked universe of 12 assets, TLSI sits right near the top at #2. Correlation aside, the last 12 months split them widely, with TLSI ahead by 19.2 points (-22.5% versus -3.3%).
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.
BTBD vs TLSI: side by side
| BTBD (BT Brands, Inc.) | TLSI (TriSalus Life Sciences, Inc.) | |
|---|---|---|
| 1-year return | -22.5% | -3.3% |
| 5-year return | -67.8% | -49.6% |
| Volatility (ann.) | 82.0% | 89.7% |
| Beta vs S&P 500 | 0.39 | 1.13 |
| Max drawdown (3Y) | -65.7% | -75.4% |
| Market cap | – | $0.3B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BTBD | TLSI |
|---|---|---|
| 2022 | -38.1% | +1.5% |
| 2023 | +36.8% | -15.8% |
| 2024 | -42.4% | -40.7% |
| 2025 | -3.5% | +39.3% |
| 2026 | +2.1% | -29.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BTBD and TLSI good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.39 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between BTBD and TLSI?
The BTBD/TLSI correlation stands at 0.39 on a 3-year window (1 year: 0.16, 5 years: 0.34), computed from weekly returns as of 2026-08-27.
Is TLSI a good diversifier for BTBD?
Yes, to a useful degree: a correlation of 0.39 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.39 mean?
A reading of 0.39 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/btbd-vs-tlsi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/btbd-vs-tlsi/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BTBD correlations · TLSI correlations
