BX vs LICN: Correlation
Blackstone Inc. (BX) and Lichen International Limited - Class A (LICN) show a negative relationship: their 3-year correlation of weekly returns is -0.17.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BX and LICN?
Across a 3-year window, the weekly returns of BX and LICN correlate at -0.17, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (0.19) runs above the 3-year figure (-0.17). Stretching to 5 years gives n/a, with an annualized covariance of -49927.4 %².
Out of 35 assets tracked against BX, LICN lands near the bottom at #31. Their recent paths diverged sharply: over the last 12 months BX outperformed by 61.8 percentage points (-12.9% for BX against -74.7% for LICN). Risk is not evenly split, since LICN carries 250.8 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.
BX vs LICN: side by side
| BX (Blackstone Inc.) | LICN (Lichen International Limited - Class A) | |
|---|---|---|
| 1-year return | -12.9% | -74.7% |
| 5-year return | +37.5% | n/a |
| Volatility (ann.) | 34.0% | 8528.0% |
| Beta vs S&P 500 | 1.36 | -80.22 |
| Max drawdown (3Y) | -46.5% | -98.4% |
| Market cap | $171.7B | – |
| P/E (trailing) | 32.1 | – |
| Dividend yield | 3.65% | 0.00% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | BX | LICN |
|---|---|---|
| 2022 | -40.0% | – |
| 2023 | +82.7% | – |
| 2024 | +35.1% | -91.0% |
| 2025 | -7.8% | +1484.3% |
| 2026 | -3.9% | -56.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BX and LICN good diversifiers for each other?
Yes. With a correlation of -0.17, BX and LICN have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between BX and LICN?
The BX/LICN correlation stands at -0.17 on a 3-year window (1 year: 0.19, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is LICN a good diversifier for BX?
Yes. With a correlation of -0.17, BX and LICN have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.17 mean?
On the −1 to +1 scale, -0.17 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/bx-vs-licn.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bx-vs-licn/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BX correlations · LICN correlations
