STTK vs TLSI: Correlation
Measured on weekly returns over the past three years, Shattuck Labs, Inc. (STTK) and TriSalus Life Sciences, Inc. (TLSI) carry a correlation of 0.55, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are STTK and TLSI?
Over the past 3 years, STTK and TLSI moved with a correlation of 0.55, which is moderate. The link has loosened recently: the 1-year correlation (0.06) runs below the 3-year figure (0.55). Over 5 years the correlation is 0.48, and the annualized covariance of weekly returns is 7167.7 %².
Few assets follow STTK as closely as TLSI, which ranks #2 of 17 tracked partners. The last year tells two different stories: STTK led by 668.3 percentage points, +665.0% for STTK against -3.3% for TLSI. Risk is not evenly split, since STTK carries 1.6 times the volatility of the other side.
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.
STTK vs TLSI: side by side
| STTK (Shattuck Labs, Inc.) | TLSI (TriSalus Life Sciences, Inc.) | |
|---|---|---|
| 1-year return | +665.0% | -3.3% |
| 5-year return | -63.7% | -49.6% |
| Volatility (ann.) | 145.0% | 89.7% |
| Beta vs S&P 500 | 2.32 | 1.13 |
| Max drawdown (3Y) | -93.5% | -75.4% |
| Market cap | $0.8B | $0.3B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | STTK | TLSI |
|---|---|---|
| 2022 | -73.0% | +1.5% |
| 2023 | +210.0% | -15.8% |
| 2024 | -83.0% | -40.7% |
| 2025 | +201.7% | +39.3% |
| 2026 | +109.6% | -29.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are STTK and TLSI good diversifiers for each other?
Only partially. A correlation of 0.55 means STTK and TLSI share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between STTK and TLSI?
Using weekly returns as of 2026-08-27: 0.55 over 3 years, with 0.06 over the last year and 0.48 over 5 years.
Is TLSI a good diversifier for STTK?
Only partially. A correlation of 0.55 means STTK and TLSI share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.55 mean?
On the −1 to +1 scale, 0.55 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/sttk-vs-tlsi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/sttk-vs-tlsi/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: STTK correlations · TLSI correlations
