ETR vs LICN: Correlation
How closely do Entergy (ETR) and Lichen International Limited - Class A (LICN) trade together? Their weekly returns over three years give a correlation of -0.22, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ETR and LICN?
Across a 3-year window, the weekly returns of ETR and LICN correlate at -0.22, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.06) runs above the 3-year figure (-0.22). Stretching to 5 years gives n/a, with an annualized covariance of -36859.0 %².
Among the 38 assets we track against ETR, LICN sits near the bottom by co-movement, at rank #35. Their recent paths diverged sharply: over the last 12 months ETR outperformed by 96.6 percentage points (+21.9% for ETR against -74.7% for LICN). Risk is not evenly split, since LICN carries 432.9 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.
ETR vs LICN: side by side
| ETR (Entergy) | LICN (Lichen International Limited - Class A) | |
|---|---|---|
| 1-year return | +21.9% | -74.7% |
| 5-year return | +132.0% | n/a |
| Volatility (ann.) | 19.7% | 8528.0% |
| Beta vs S&P 500 | 0.22 | -80.22 |
| Max drawdown (3Y) | -10.6% | -98.4% |
| Market cap | $49.7B | – |
| P/E (trailing) | 27.2 | – |
| Dividend yield | 2.35% | 0.00% |
| Sector / category | Utilities | US Listed |
Year-by-year returns
| Year | ETR | LICN |
|---|---|---|
| 2022 | +3.6% | – |
| 2023 | -6.1% | – |
| 2024 | +56.0% | -91.0% |
| 2025 | +25.3% | +1484.3% |
| 2026 | +17.3% | -56.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ETR and LICN good diversifiers for each other?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ETR and LICN?
The ETR/LICN correlation stands at -0.22 on a 3-year window (1 year: -0.06, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is LICN a good diversifier for ETR?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.22 mean?
On the −1 to +1 scale, -0.22 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/etr-vs-licn.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/etr-vs-licn/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ETR correlations · LICN correlations
