HBAN vs LICN: Correlation
Measured on weekly returns over the past three years, Huntington Bancshares (HBAN) and Lichen International Limited - Class A (LICN) carry a correlation of -0.16, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HBAN and LICN?
Across a 3-year window, the weekly returns of HBAN and LICN correlate at -0.16, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (0.01) runs above the 3-year figure (-0.16). Stretching to 5 years gives n/a, with an annualized covariance of -41554.5 %².
Among the 55 assets we track against HBAN, LICN ranks #50 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months HBAN outperformed by 73.0 percentage points (-1.7% for HBAN against -74.7% for LICN). Note the risk asymmetry: LICN runs 286.2 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.
HBAN vs LICN: side by side
| HBAN (Huntington Bancshares) | LICN (Lichen International Limited - Class A) | |
|---|---|---|
| 1-year return | -1.7% | -74.7% |
| 5-year return | +36.8% | n/a |
| Volatility (ann.) | 29.8% | 8528.0% |
| Beta vs S&P 500 | 1.07 | -80.22 |
| Max drawdown (3Y) | -30.0% | -98.4% |
| Market cap | $34.1B | – |
| P/E (trailing) | 13.1 | – |
| Dividend yield | 3.64% | 0.00% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | HBAN | LICN |
|---|---|---|
| 2022 | -4.4% | – |
| 2023 | -4.7% | – |
| 2024 | +33.7% | -91.0% |
| 2025 | +10.8% | +1484.3% |
| 2026 | -0.9% | -56.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HBAN and LICN good diversifiers for each other?
Yes: at -0.16, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between HBAN and LICN?
Using weekly returns as of 2026-08-27: -0.16 over 3 years, with 0.01 over the last year and n/a over 5 years.
Is LICN a good diversifier for HBAN?
Yes: at -0.16, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.16 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/hban-vs-licn.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/hban-vs-licn/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: HBAN correlations · LICN correlations
