TLSI vs WHWK: Correlation
TriSalus Life Sciences, Inc. (TLSI) and Whitehawk Therapeutics, Inc. (WHWK) 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 TLSI and WHWK?
Across a 3-year window, the weekly returns of TLSI and WHWK correlate at -0.23, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (0.12) than the 3-year average (-0.23). Stretching to 5 years gives -0.19, with an annualized covariance of -1427.5 %².
WHWK is close to the least connected end of TLSI's tracked universe, ranking #14 of 17. Correlation aside, the last 12 months split them widely, with WHWK ahead by 172.4 points (-3.3% versus +169.1%).
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.
TLSI vs WHWK: side by side
| TLSI (TriSalus Life Sciences, Inc.) | WHWK (Whitehawk Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | -3.3% | +169.1% |
| 5-year return | -49.6% | -80.9% |
| Volatility (ann.) | 89.7% | 69.1% |
| Beta vs S&P 500 | 1.13 | 1.03 |
| Max drawdown (3Y) | -75.4% | -80.6% |
| Market cap | $0.3B | $0.3B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | TLSI | WHWK |
|---|---|---|
| 2022 | +1.5% | -46.9% |
| 2023 | -15.8% | -84.3% |
| 2024 | -40.7% | +56.2% |
| 2025 | +39.3% | -23.3% |
| 2026 | -29.4% | +101.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TLSI and WHWK good diversifiers for each other?
Yes. With a correlation of -0.23, TLSI and WHWK have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between TLSI and WHWK?
The TLSI/WHWK correlation stands at -0.23 on a 3-year window (1 year: 0.12, 5 years: -0.19), computed from weekly returns as of 2026-08-27.
Is WHWK a good diversifier for TLSI?
Yes. With a correlation of -0.23, TLSI and WHWK 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.
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Related comparisons
Hubs: TLSI correlations · WHWK correlations
