AXP vs LICN: Correlation
How closely do American Express (AXP) and Lichen International Limited - Class A (LICN) trade together? Their weekly returns over three years give a correlation of -0.21, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AXP and LICN?
On 3 years of weekly data the AXP/LICN correlation comes out at -0.21, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.06 versus -0.21 over 3 years. The 5-year figure is n/a, and annualized covariance runs at -48037.8 %².
LICN is close to the least connected end of AXP's tracked universe, ranking #31 of 35. Correlation aside, the last 12 months split them widely, with AXP ahead by 79.4 points (+4.7% versus -74.7%). One caveat on sizing: LICN is 320.6 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
AXP vs LICN: side by side
| AXP (American Express) | LICN (Lichen International Limited - Class A) | |
|---|---|---|
| 1-year return | +4.7% | -74.7% |
| 5-year return | +116.2% | n/a |
| Volatility (ann.) | 26.6% | 8528.0% |
| Beta vs S&P 500 | 1.20 | -80.22 |
| Max drawdown (3Y) | -28.8% | -98.4% |
| Market cap | $225.7B | – |
| P/E (trailing) | 20.4 | – |
| Dividend yield | 1.05% | 0.00% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | AXP | LICN |
|---|---|---|
| 2022 | -8.5% | – |
| 2023 | +28.7% | – |
| 2024 | +60.3% | -91.0% |
| 2025 | +26.0% | +1484.3% |
| 2026 | -8.9% | -56.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AXP and LICN good diversifiers for each other?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
FAQ
What is the correlation between AXP and LICN?
Using weekly returns as of 2026-08-27: -0.21 over 3 years, with 0.06 over the last year and n/a over 5 years.
Is LICN a good diversifier for AXP?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
What does a correlation of -0.21 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/axp-vs-licn.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/axp-vs-licn/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AXP correlations · LICN correlations
