CFG vs LICN: Correlation
Measured on weekly returns over the past three years, Citizens Financial Group (CFG) and Lichen International Limited - Class A (LICN) carry a correlation of -0.18, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CFG and LICN?
Over the past 3 years, CFG and LICN moved with a correlation of -0.18, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.11 lands near the 3-year figure. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -47953.3 %².
Among the 46 assets we track against CFG, LICN sits near the bottom by co-movement, at rank #42. Correlation aside, the last 12 months split them widely, with CFG ahead by 114.0 points (+39.3% versus -74.7%). One caveat on sizing: LICN is 275.1 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.
CFG vs LICN: side by side
| CFG (Citizens Financial Group) | LICN (Lichen International Limited - Class A) | |
|---|---|---|
| 1-year return | +39.3% | -74.7% |
| 5-year return | +98.3% | n/a |
| Volatility (ann.) | 31.0% | 8528.0% |
| Beta vs S&P 500 | 1.16 | -80.22 |
| Max drawdown (3Y) | -29.1% | -98.4% |
| Market cap | $29.6B | – |
| P/E (trailing) | 15.4 | – |
| Dividend yield | 2.55% | 0.00% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | CFG | LICN |
|---|---|---|
| 2022 | -13.4% | – |
| 2023 | -11.0% | – |
| 2024 | +38.0% | -91.0% |
| 2025 | +38.6% | +1484.3% |
| 2026 | +22.7% | -56.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CFG 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 CFG and LICN?
The CFG/LICN correlation stands at -0.18 on a 3-year window (1 year: -0.11, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is LICN a good diversifier for CFG?
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?
A reading of -0.18 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/cfg-vs-licn.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cfg-vs-licn/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CFG correlations · LICN correlations
