A tolerance ring including a sidewall having a first and a second opposite major surfaces spaced apart by a thickness, wherein the first major surface defines an inner diameter of the tolerance ring at a first location of the sidewall and an outer diameter of the tolerance ring at a second location of the sidewall. A method of forming a tolerance ring including providing a strip of material comprising a first, a second, a third, and a fourth edge, shaping the first edge of the strip toward the third edge, and shaping the second edge of the strip toward the fourth edge.