ANGO vs LIEN: Correlation
AngioDynamics, Inc. (ANGO) and Chicago Atlantic BDC, Inc. (LIEN) 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 ANGO and LIEN?
Over the past 3 years, ANGO and LIEN moved with a correlation of -0.23, which is negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.05 versus -0.23 over 3 years. Over 5 years the correlation is -0.14, and the annualized covariance of weekly returns is -301.1 %².
LIEN is close to the least connected end of ANGO's tracked universe, ranking #9 of 11. The last year tells two different stories: ANGO led by 52.4 percentage points, +57.6% for ANGO against +5.2% for LIEN. Risk is not evenly split, since ANGO carries 1.9 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.
ANGO vs LIEN: side by side
| ANGO (AngioDynamics, Inc.) | LIEN (Chicago Atlantic BDC, Inc.) | |
|---|---|---|
| 1-year return | +57.6% | +5.2% |
| 5-year return | -44.6% | +11.0% |
| Volatility (ann.) | 50.1% | 26.5% |
| Beta vs S&P 500 | 0.26 | 0.23 |
| Max drawdown (3Y) | -37.3% | -22.5% |
| Market cap | $0.7B | $0.2B |
| P/E (trailing) | – | 7.3 |
| Dividend yield | 0.00% | 13.40% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ANGO | LIEN |
|---|---|---|
| 2022 | -50.1% | – |
| 2023 | -43.1% | -1.1% |
| 2024 | +16.8% | +58.6% |
| 2025 | +40.2% | -4.0% |
| 2026 | +22.9% | +5.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ANGO and LIEN good diversifiers for each other?
Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ANGO and LIEN?
The ANGO/LIEN correlation stands at -0.23 on a 3-year window (1 year: -0.05, 5 years: -0.14), computed from weekly returns as of 2026-08-27.
Is LIEN a good diversifier for ANGO?
Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.
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/ango-vs-lien.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ango-vs-lien/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ANGO correlations · LIEN correlations
