C vs LICN: Correlation
Measured on weekly returns over the past three years, Citigroup (C) and Lichen International Limited - Class A (LICN) carry a correlation of -0.24, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are C and LICN?
On 3 years of weekly data the C/LICN correlation comes out at -0.24, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (0.06) than the 3-year average (-0.24). The 5-year figure is n/a, and annualized covariance runs at -62760.0 %².
Among the 33 assets we track against C, LICN sits near the bottom by co-movement, at rank #30. Correlation aside, the last 12 months split them widely, with C ahead by 114.6 points (+39.9% versus -74.7%). One caveat on sizing: LICN is 281.5 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
C vs LICN: side by side
| C (Citigroup) | LICN (Lichen International Limited - Class A) | |
|---|---|---|
| 1-year return | +39.9% | -74.7% |
| 5-year return | +119.6% | n/a |
| Volatility (ann.) | 30.3% | 8528.0% |
| Beta vs S&P 500 | 1.39 | -80.22 |
| Max drawdown (3Y) | -31.3% | -98.4% |
| Market cap | $222.6B | – |
| P/E (trailing) | 14.4 | – |
| Dividend yield | 1.80% | 0.00% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | C | LICN |
|---|---|---|
| 2022 | -22.1% | – |
| 2023 | +19.0% | – |
| 2024 | +41.9% | -91.0% |
| 2025 | +70.4% | +1484.3% |
| 2026 | +15.4% | -56.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are C and LICN good diversifiers for each other?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between C and LICN?
As of 2026-08-27, the correlation of weekly returns between C and LICN is -0.24 over 3 years, 0.06 over 1 year and n/a over 5 years.
Is LICN a good diversifier for C?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.24 mean?
A reading of -0.24 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/c-vs-licn.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/c-vs-licn/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: C correlations · LICN correlations
