IPWR vs LIEN: Correlation
Ideal Power Inc. (IPWR) and Chicago Atlantic BDC, Inc. (LIEN) show a moderate relationship: their 3-year correlation of weekly returns is 0.34.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IPWR and LIEN?
Across a 3-year window, the weekly returns of IPWR and LIEN correlate at 0.34, moderate. Little has changed lately, as the 1-year reading of 0.28 lands near the 3-year figure. Stretching to 5 years gives 0.17, with an annualized covariance of 770.8 %².
Within IPWR's tracked universe of 13 assets, LIEN comes in at #4 by 3-year correlation. The trailing year gives LIEN the advantage: -3.7% versus +5.2%, a 8.9-point spread. Note the risk asymmetry: IPWR runs 3.3 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.
IPWR vs LIEN: side by side
| IPWR (Ideal Power Inc.) | LIEN (Chicago Atlantic BDC, Inc.) | |
|---|---|---|
| 1-year return | -3.7% | +5.2% |
| 5-year return | -68.3% | +11.0% |
| Volatility (ann.) | 86.2% | 26.5% |
| Beta vs S&P 500 | 1.72 | 0.23 |
| Max drawdown (3Y) | -80.0% | -22.5% |
| Market cap | $0.1B | $0.2B |
| P/E (trailing) | – | 7.3 |
| Dividend yield | 0.00% | 13.40% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IPWR | LIEN |
|---|---|---|
| 2022 | -11.3% | – |
| 2023 | -27.4% | -1.1% |
| 2024 | -2.8% | +58.6% |
| 2025 | -59.1% | -4.0% |
| 2026 | +60.5% | +5.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IPWR and LIEN good diversifiers for each other?
A fair diversifier. At 0.34, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between IPWR and LIEN?
As of 2026-08-27, the correlation of weekly returns between IPWR and LIEN is 0.34 over 3 years, 0.28 over 1 year and 0.17 over 5 years.
Is LIEN a good diversifier for IPWR?
A fair diversifier. At 0.34, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.34 mean?
On the −1 to +1 scale, 0.34 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/ipwr-vs-lien.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ipwr-vs-lien/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: IPWR correlations · LIEN correlations
