BA vs LICN: Correlation
Measured on weekly returns over the past three years, Boeing (BA) and Lichen International Limited - Class A (LICN) carry a correlation of -0.19, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BA and LICN?
Across a 3-year window, the weekly returns of BA and LICN correlate at -0.19, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.14 versus -0.19 over 3 years. Stretching to 5 years gives n/a, with an annualized covariance of -57886.4 %².
Among the 37 assets we track against BA, LICN sits near the bottom by co-movement, at rank #33. Correlation aside, the last 12 months split them widely, with BA ahead by 63.8 points (-10.9% versus -74.7%). Risk is not evenly split, since LICN carries 234.3 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.
BA vs LICN: side by side
| BA (Boeing) | LICN (Lichen International Limited - Class A) | |
|---|---|---|
| 1-year return | -10.9% | -74.7% |
| 5-year return | -3.6% | n/a |
| Volatility (ann.) | 36.4% | 8528.0% |
| Beta vs S&P 500 | 1.43 | -80.22 |
| Max drawdown (3Y) | -48.3% | -98.4% |
| Market cap | $165.9B | – |
| P/E (trailing) | 76.3 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | BA | LICN |
|---|---|---|
| 2022 | -5.4% | – |
| 2023 | +36.8% | – |
| 2024 | -32.1% | -91.0% |
| 2025 | +22.7% | +1484.3% |
| 2026 | -3.3% | -56.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BA and LICN good diversifiers for each other?
Yes. With a correlation of -0.19, BA and LICN have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between BA and LICN?
The BA/LICN correlation stands at -0.19 on a 3-year window (1 year: 0.14, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is LICN a good diversifier for BA?
Yes. With a correlation of -0.19, BA and LICN have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.19 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/ba-vs-licn.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ba-vs-licn/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BA correlations · LICN correlations
