BAC vs LICN: Correlation
Measured on weekly returns over the past three years, Bank of America (BAC) and Lichen International Limited - Class A (LICN) carry a correlation of -0.22, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BAC and LICN?
Across a 3-year window, the weekly returns of BAC and LICN correlate at -0.22, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.14) sits close to the 3-year figure. Stretching to 5 years gives n/a, with an annualized covariance of -50469.0 %².
Among the 45 assets we track against BAC, LICN sits near the bottom by co-movement, at rank #41. The last year tells two different stories: BAC led by 98.8 percentage points, +24.1% for BAC against -74.7% for LICN. Note the risk asymmetry: LICN runs 321.8 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
BAC vs LICN: side by side
| BAC (Bank of America) | LICN (Lichen International Limited - Class A) | |
|---|---|---|
| 1-year return | +24.1% | -74.7% |
| 5-year return | +66.0% | n/a |
| Volatility (ann.) | 26.5% | 8528.0% |
| Beta vs S&P 500 | 1.11 | -80.22 |
| Max drawdown (3Y) | -27.5% | -98.4% |
| Market cap | $427.7B | – |
| P/E (trailing) | 14.1 | – |
| Dividend yield | 1.80% | 0.00% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | BAC | LICN |
|---|---|---|
| 2022 | -23.8% | – |
| 2023 | +4.8% | – |
| 2024 | +33.9% | -91.0% |
| 2025 | +28.0% | +1484.3% |
| 2026 | +12.4% | -56.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BAC and LICN good diversifiers for each other?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between BAC and LICN?
Using weekly returns as of 2026-08-27: -0.22 over 3 years, with -0.14 over the last year and n/a over 5 years.
Is LICN a good diversifier for BAC?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.22 mean?
On the −1 to +1 scale, -0.22 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/bac-vs-licn.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bac-vs-licn/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BAC correlations · LICN correlations
