HLT vs LICN: Correlation
Measured on weekly returns over the past three years, Hilton Worldwide (HLT) and Lichen International Limited - Class A (LICN) carry a correlation of -0.20, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HLT and LICN?
Across a 3-year window, the weekly returns of HLT and LICN correlate at -0.20, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (0.08) runs above the 3-year figure (-0.20). Stretching to 5 years gives n/a, with an annualized covariance of -35745.6 %².
Among the 40 assets we track against HLT, LICN ranks #32 by 3-year correlation. The last year tells two different stories: HLT led by 92.8 percentage points, +18.1% for HLT against -74.7% for LICN. One caveat on sizing: LICN is 412.0 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.
HLT vs LICN: side by side
| HLT (Hilton Worldwide) | LICN (Lichen International Limited - Class A) | |
|---|---|---|
| 1-year return | +18.1% | -74.7% |
| 5-year return | +162.7% | n/a |
| Volatility (ann.) | 20.7% | 8528.0% |
| Beta vs S&P 500 | 0.85 | -80.22 |
| Max drawdown (3Y) | -26.4% | -98.4% |
| Market cap | $73.3B | – |
| P/E (trailing) | 47.8 | – |
| Dividend yield | 0.18% | 0.00% |
| Sector / category | Consumer Discretionary | US Listed |
Year-by-year returns
| Year | HLT | LICN |
|---|---|---|
| 2022 | -18.7% | – |
| 2023 | +44.7% | – |
| 2024 | +36.1% | -91.0% |
| 2025 | +16.5% | +1484.3% |
| 2026 | +13.5% | -56.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HLT and LICN good diversifiers for each other?
Yes: at -0.20, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between HLT and LICN?
As of 2026-08-27, the correlation of weekly returns between HLT and LICN is -0.20 over 3 years, 0.08 over 1 year and n/a over 5 years.
Is LICN a good diversifier for HLT?
Yes: at -0.20, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.20 mean?
A reading of -0.20 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/hlt-vs-licn.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/hlt-vs-licn/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: HLT correlations · LICN correlations
