ONDS vs TLSA: Correlation
Ondas Inc (ONDS) and Tiziana Life Sciences Ltd (TLSA) show a negative relationship: their 3-year correlation of weekly returns is -0.23.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ONDS and TLSA?
On 3 years of weekly data the ONDS/TLSA correlation comes out at -0.23, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.10) runs above the 3-year figure (-0.23). The 5-year figure is -0.12, and annualized covariance runs at -2888.8 %².
Out of 10 assets tracked against ONDS, TLSA lands near the bottom at #8. The last year tells two different stories: ONDS led by 114.2 percentage points, +72.6% for ONDS against -41.6% for TLSA.
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.
ONDS vs TLSA: side by side
| ONDS (Ondas Inc) | TLSA (Tiziana Life Sciences Ltd) | |
|---|---|---|
| 1-year return | +72.6% | -41.6% |
| 5-year return | +23.8% | -31.6% |
| Volatility (ann.) | 135.8% | 92.1% |
| Beta vs S&P 500 | 2.31 | -0.48 |
| Max drawdown (3Y) | -75.8% | -64.4% |
| Market cap | $5.0B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ONDS | TLSA |
|---|---|---|
| 2022 | -76.3% | -37.5% |
| 2023 | -3.8% | -6.7% |
| 2024 | +67.3% | +25.0% |
| 2025 | +281.3% | +112.9% |
| 2026 | -10.3% | -27.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ONDS and TLSA good diversifiers for each other?
Yes. With a correlation of -0.23, ONDS and TLSA have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ONDS and TLSA?
The ONDS/TLSA correlation stands at -0.23 on a 3-year window (1 year: -0.10, 5 years: -0.12), computed from weekly returns as of 2026-08-27.
Is TLSA a good diversifier for ONDS?
Yes. With a correlation of -0.23, ONDS and TLSA have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.23 mean?
A reading of -0.23 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/onds-vs-tlsa.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/onds-vs-tlsa/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ONDS correlations · TLSA correlations
