BBY vs LICN: Correlation
Best Buy (BBY) and Lichen International Limited - Class A (LICN) show a negative relationship: their 3-year correlation of weekly returns is -0.18.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BBY and LICN?
Over the past 3 years, BBY and LICN moved with a correlation of -0.18, which is negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.20 versus -0.18 over 3 years. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -58280.0 %².
Among the 33 assets we track against BBY, LICN ranks #25 by 3-year correlation. Correlation aside, the last 12 months split them widely, with BBY ahead by 91.6 points (+16.9% versus -74.7%). Note the risk asymmetry: LICN runs 226.8 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.
BBY vs LICN: side by side
| BBY (Best Buy) | LICN (Lichen International Limited - Class A) | |
|---|---|---|
| 1-year return | +16.9% | -74.7% |
| 5-year return | -11.2% | n/a |
| Volatility (ann.) | 37.6% | 8528.0% |
| Beta vs S&P 500 | 0.97 | -80.22 |
| Max drawdown (3Y) | -44.3% | -98.4% |
| Market cap | – | – |
| P/E (trailing) | 16.2 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Consumer Discretionary | US Listed |
Year-by-year returns
| Year | BBY | LICN |
|---|---|---|
| 2022 | -17.5% | – |
| 2023 | +2.5% | – |
| 2024 | +14.4% | -91.0% |
| 2025 | -17.8% | +1484.3% |
| 2026 | +28.4% | -56.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BBY and LICN good diversifiers for each other?
By historical standards, yes. A correlation of -0.18 means the two rarely move for the same reasons.
FAQ
What is the correlation between BBY and LICN?
Using weekly returns as of 2026-08-27: -0.18 over 3 years, with 0.20 over the last year and n/a over 5 years.
Is LICN a good diversifier for BBY?
By historical standards, yes. A correlation of -0.18 means the two rarely move for the same reasons.
What does a correlation of -0.18 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/bby-vs-licn.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bby-vs-licn/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BBY correlations · LICN correlations
