ISRG vs LICN: Correlation
Measured on weekly returns over the past three years, Intuitive Surgical (ISRG) and Lichen International Limited - Class A (LICN) carry a correlation of -0.18, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ISRG and LICN?
On 3 years of weekly data the ISRG/LICN correlation comes out at -0.18, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.08 lands near the 3-year figure. The 5-year figure is n/a, and annualized covariance runs at -48289.9 %².
Within ISRG's tracked universe of 36 assets, LICN comes in at #29 by 3-year correlation. The last year tells two different stories: ISRG led by 52.6 percentage points, -22.1% for ISRG against -74.7% for LICN. One caveat on sizing: LICN is 274.2 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.
ISRG vs LICN: side by side
| ISRG (Intuitive Surgical) | LICN (Lichen International Limited - Class A) | |
|---|---|---|
| 1-year return | -22.1% | -74.7% |
| 5-year return | +4.0% | n/a |
| Volatility (ann.) | 31.1% | 8528.0% |
| Beta vs S&P 500 | 1.20 | -80.22 |
| Max drawdown (3Y) | -45.6% | -98.4% |
| Market cap | $131.5B | – |
| P/E (trailing) | 42.5 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Health Care | US Listed |
Year-by-year returns
| Year | ISRG | LICN |
|---|---|---|
| 2022 | -26.1% | – |
| 2023 | +27.1% | – |
| 2024 | +54.7% | -91.0% |
| 2025 | +8.5% | +1484.3% |
| 2026 | -35.2% | -56.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ISRG and LICN good diversifiers for each other?
Yes: at -0.18, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ISRG and LICN?
The ISRG/LICN correlation stands at -0.18 on a 3-year window (1 year: -0.08, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is LICN a good diversifier for ISRG?
Yes: at -0.18, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.18 mean?
On the −1 to +1 scale, -0.18 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/isrg-vs-licn.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/isrg-vs-licn/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ISRG correlations · LICN correlations
