HLP vs TLSI: Correlation
How closely do Hongli Group Inc. - Class A (HLP) and TriSalus Life Sciences, Inc. (TLSI) trade together? Their weekly returns over three years give a correlation of -0.25, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HLP and TLSI?
Over the past 3 years, HLP and TLSI moved with a correlation of -0.25, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.28 over 1 year against -0.25 over 3. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -2817.1 %².
Out of 15 assets tracked against HLP, TLSI lands near the bottom at #13. The last year tells two different stories: HLP led by 93.0 percentage points, +89.7% for HLP against -3.3% for TLSI.
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.
HLP vs TLSI: side by side
| HLP (Hongli Group Inc. - Class A) | TLSI (TriSalus Life Sciences, Inc.) | |
|---|---|---|
| 1-year return | +89.7% | -3.3% |
| 5-year return | n/a | -49.6% |
| Volatility (ann.) | 127.2% | 89.7% |
| Beta vs S&P 500 | 0.02 | 1.13 |
| Max drawdown (3Y) | -91.9% | -75.4% |
| Market cap | $0.1B | $0.3B |
| P/E (trailing) | 43.0 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HLP | TLSI |
|---|---|---|
| 2022 | – | +1.5% |
| 2023 | – | -15.8% |
| 2024 | -22.0% | -40.7% |
| 2025 | -20.6% | +39.3% |
| 2026 | +24.0% | -29.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HLP and TLSI good diversifiers for each other?
By historical standards, yes. A correlation of -0.25 means the two rarely move for the same reasons.
FAQ
What is the correlation between HLP and TLSI?
The HLP/TLSI correlation stands at -0.25 on a 3-year window (1 year: -0.28, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is TLSI a good diversifier for HLP?
By historical standards, yes. A correlation of -0.25 means the two rarely move for the same reasons.
What does a correlation of -0.25 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/hlp-vs-tlsi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/hlp-vs-tlsi/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: HLP correlations · TLSI correlations
