BJ vs LICN: Correlation
Measured on weekly returns over the past three years, BJ's Wholesale Club Holdings, Inc. (BJ) and Lichen International Limited - Class A (LICN) carry a correlation of 0.31, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BJ and LICN?
Over the past 3 years, BJ and LICN moved with a correlation of 0.31, which is moderate. The relationship has been stable: the 1-year correlation (0.24) sits close to the 3-year figure. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 68950.4 %².
By 3-year correlation, LICN places #5 of the 43 assets tracked against BJ. The last year tells two different stories: BJ led by 67.8 percentage points, -6.9% for BJ against -74.7% for LICN. Risk is not evenly split, since LICN carries 323.0 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.
BJ vs LICN: side by side
| BJ (BJ's Wholesale Club Holdings, Inc.) | LICN (Lichen International Limited - Class A) | |
|---|---|---|
| 1-year return | -6.9% | -74.7% |
| 5-year return | +59.5% | n/a |
| Volatility (ann.) | 26.4% | 8528.0% |
| Beta vs S&P 500 | -0.14 | -80.22 |
| Max drawdown (3Y) | -30.1% | -98.4% |
| Market cap | $11.4B | – |
| P/E (trailing) | 20.4 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BJ | LICN |
|---|---|---|
| 2022 | -1.2% | – |
| 2023 | +0.8% | – |
| 2024 | +34.0% | -91.0% |
| 2025 | +0.8% | +1484.3% |
| 2026 | +0.5% | -56.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BJ and LICN good diversifiers for each other?
A fair diversifier. At 0.31, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between BJ and LICN?
As of 2026-08-27, the correlation of weekly returns between BJ and LICN is 0.31 over 3 years, 0.24 over 1 year and n/a over 5 years.
Is LICN a good diversifier for BJ?
A fair diversifier. At 0.31, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.31 mean?
On the −1 to +1 scale, 0.31 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/bj-vs-licn.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bj-vs-licn/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BJ correlations · LICN correlations
