FITB vs LICN: Correlation
How closely do Fifth Third Bancorp (FITB) and Lichen International Limited - Class A (LICN) trade together? Their weekly returns over three years give a correlation of -0.17, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FITB and LICN?
Across a 3-year window, the weekly returns of FITB and LICN correlate at -0.17, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.06 versus -0.17 over 3 years. Stretching to 5 years gives n/a, with an annualized covariance of -41498.4 %².
Within FITB's tracked universe of 45 assets, LICN comes in at #40 by 3-year correlation. The last year tells two different stories: FITB led by 99.3 percentage points, +24.6% for FITB against -74.7% for LICN. Risk is not evenly split, since LICN carries 290.1 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.
FITB vs LICN: side by side
| FITB (Fifth Third Bancorp) | LICN (Lichen International Limited - Class A) | |
|---|---|---|
| 1-year return | +24.6% | -74.7% |
| 5-year return | +71.2% | n/a |
| Volatility (ann.) | 29.4% | 8528.0% |
| Beta vs S&P 500 | 1.03 | -80.22 |
| Max drawdown (3Y) | -29.9% | -98.4% |
| Market cap | $49.7B | – |
| P/E (trailing) | 18.5 | – |
| Dividend yield | 2.90% | 0.00% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | FITB | LICN |
|---|---|---|
| 2022 | -21.9% | – |
| 2023 | +10.4% | – |
| 2024 | +27.2% | -91.0% |
| 2025 | +14.8% | +1484.3% |
| 2026 | +19.1% | -56.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FITB and LICN good diversifiers for each other?
Yes. With a correlation of -0.17, FITB and LICN have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between FITB and LICN?
Using weekly returns as of 2026-08-27: -0.17 over 3 years, with -0.06 over the last year and n/a over 5 years.
Is LICN a good diversifier for FITB?
Yes. With a correlation of -0.17, FITB and LICN have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.17 mean?
On the −1 to +1 scale, -0.17 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/fitb-vs-licn.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fitb-vs-licn/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FITB correlations · LICN correlations
