diff --git a/src/compiler/checker.ts b/src/compiler/checker.ts
index a016383a505..a4986a77200 100644
--- a/src/compiler/checker.ts
+++ b/src/compiler/checker.ts
@@ -12981,13 +12981,16 @@ namespace ts {
                 return result;
             }
 
-            function propegateSidebandVarianceFlags(variances: VarianceFlags[]) {
+            function propegateSidebandVarianceFlags(typeArguments: readonly Type[], variances: VarianceFlags[]) {
                 if (outofbandVarianceMarkerHandler) {
-                    if (some(variances, v => !!(v & VarianceFlags.Unmeasurable))) {
-                        outofbandVarianceMarkerHandler(/*onlyUnreliable*/ false);
-                    }
-                    if (some(variances, v => !!(v & VarianceFlags.Unreliable))) {
-                        outofbandVarianceMarkerHandler(/*onlyUnreliable*/ true);
+                    for (let i = 0; i < variances.length; i++) {
+                        const v = variances[i];
+                        if (v & VarianceFlags.Unmeasurable) {
+                            instantiateType(typeArguments[i], reportUnmeasurableMarkers);
+                        }
+                        if (v & VarianceFlags.Unreliable) {
+                            instantiateType(typeArguments[i], reportUnreliableMarkers);
+                        }
                     }
                 }
             }
@@ -13013,10 +13016,10 @@ namespace ts {
                             // We're in the middle of variance checking - integrate any unmeasurable/unreliable flags from this cached component
                             if (source.flags & (TypeFlags.Object | TypeFlags.Conditional) && source.aliasSymbol &&
                             source.aliasTypeArguments && source.aliasSymbol === target.aliasSymbol) {
-                                propegateSidebandVarianceFlags(getAliasVariances(source.aliasSymbol));
+                                propegateSidebandVarianceFlags(source.aliasTypeArguments, getAliasVariances(source.aliasSymbol));
                             }
-                            if (getObjectFlags(source) & ObjectFlags.Reference && getObjectFlags(target) & ObjectFlags.Reference && (<TypeReference>source).target === (<TypeReference>target).target) {
-                                propegateSidebandVarianceFlags(getVariances((<TypeReference>source).target));
+                            if (getObjectFlags(source) & ObjectFlags.Reference && getObjectFlags(target) & ObjectFlags.Reference && (<TypeReference>source).target === (<TypeReference>target).target && length((<TypeReference>source).typeArguments)) {
+                                propegateSidebandVarianceFlags((<TypeReference>source).typeArguments!, getVariances((<TypeReference>source).target));
                             }
                         }
                         return related === RelationComparisonResult.Succeeded ? Ternary.True : Ternary.False;