CBRE vs LICN: Correlation
CBRE Group (CBRE) and Lichen International Limited - Class A (LICN) show a negative relationship: their 3-year correlation of weekly returns is -0.16.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CBRE and LICN?
Over the past 3 years, CBRE and LICN moved with a correlation of -0.16, which is negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (0.02) than the 3-year average (-0.16). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -41989.3 %².
Among the 41 assets we track against CBRE, LICN ranks #32 by 3-year correlation. Correlation aside, the last 12 months split them widely, with CBRE ahead by 65.0 points (-9.7% versus -74.7%). One caveat on sizing: LICN is 280.5 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.
CBRE vs LICN: side by side
| CBRE (CBRE Group) | LICN (Lichen International Limited - Class A) | |
|---|---|---|
| 1-year return | -9.7% | -74.7% |
| 5-year return | +53.3% | n/a |
| Volatility (ann.) | 30.4% | 8528.0% |
| Beta vs S&P 500 | 1.04 | -80.22 |
| Max drawdown (3Y) | -27.4% | -98.4% |
| Market cap | $42.6B | – |
| P/E (trailing) | 34.4 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Real Estate | US Listed |
Year-by-year returns
| Year | CBRE | LICN |
|---|---|---|
| 2022 | -29.1% | – |
| 2023 | +21.0% | – |
| 2024 | +41.0% | -91.0% |
| 2025 | +22.5% | +1484.3% |
| 2026 | -8.4% | -56.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CBRE and LICN good diversifiers for each other?
Yes. With a correlation of -0.16, CBRE and LICN have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CBRE and LICN?
The CBRE/LICN correlation stands at -0.16 on a 3-year window (1 year: 0.02, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is LICN a good diversifier for CBRE?
Yes. With a correlation of -0.16, CBRE and LICN have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.16 mean?
A reading of -0.16 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/cbre-vs-licn.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cbre-vs-licn/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CBRE correlations · LICN correlations
