COF vs LICN: Correlation
How closely do Capital One (COF) and Lichen International Limited - Class A (LICN) trade together? Their weekly returns over three years give a correlation of -0.27, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are COF and LICN?
Across a 3-year window, the weekly returns of COF and LICN correlate at -0.27, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.04) than the 3-year average (-0.27). Stretching to 5 years gives n/a, with an annualized covariance of -70121.3 %².
Among the 29 assets we track against COF, LICN sits near the bottom by co-movement, at rank #26. The last year tells two different stories: COF led by 72.7 percentage points, -2.0% for COF against -74.7% for LICN. Note the risk asymmetry: LICN runs 278.7 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
COF vs LICN: side by side
| COF (Capital One) | LICN (Lichen International Limited - Class A) | |
|---|---|---|
| 1-year return | -2.0% | -74.7% |
| 5-year return | +43.2% | n/a |
| Volatility (ann.) | 30.6% | 8528.0% |
| Beta vs S&P 500 | 1.28 | -80.22 |
| Max drawdown (3Y) | -31.5% | -98.4% |
| Market cap | $132.9B | – |
| P/E (trailing) | 12.0 | – |
| Dividend yield | 1.38% | 0.00% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | COF | LICN |
|---|---|---|
| 2022 | -34.6% | – |
| 2023 | +44.3% | – |
| 2024 | +38.2% | -91.0% |
| 2025 | +37.6% | +1484.3% |
| 2026 | -9.6% | -56.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are COF and LICN good diversifiers for each other?
Yes: at -0.27, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between COF and LICN?
As of 2026-08-27, the correlation of weekly returns between COF and LICN is -0.27 over 3 years, -0.04 over 1 year and n/a over 5 years.
Is LICN a good diversifier for COF?
Yes: at -0.27, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.27 mean?
A reading of -0.27 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/cof-vs-licn.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cof-vs-licn/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: COF correlations · LICN correlations
