IVZ vs LICN: Correlation
Invesco (IVZ) and Lichen International Limited - Class A (LICN) show a negative relationship: their 3-year correlation of weekly returns is -0.19.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IVZ and LICN?
Over the past 3 years, IVZ and LICN moved with a correlation of -0.19, which is negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (0.41) runs above the 3-year figure (-0.19). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -52251.4 %².
Among the 33 assets we track against IVZ, LICN sits near the bottom by co-movement, at rank #29. Their recent paths diverged sharply: over the last 12 months IVZ outperformed by 130.6 percentage points (+55.9% for IVZ against -74.7% for LICN). Risk is not evenly split, since LICN carries 261.6 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.
IVZ vs LICN: side by side
| IVZ (Invesco) | LICN (Lichen International Limited - Class A) | |
|---|---|---|
| 1-year return | +55.9% | -74.7% |
| 5-year return | +63.7% | n/a |
| Volatility (ann.) | 32.6% | 8528.0% |
| Beta vs S&P 500 | 1.29 | -80.22 |
| Max drawdown (3Y) | -36.5% | -98.4% |
| Market cap | $14.7B | – |
| P/E (trailing) | – | – |
| Dividend yield | 2.58% | 0.00% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | IVZ | LICN |
|---|---|---|
| 2022 | -18.7% | – |
| 2023 | +4.2% | – |
| 2024 | +3.0% | -91.0% |
| 2025 | +56.9% | +1484.3% |
| 2026 | +29.7% | -56.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IVZ and LICN good diversifiers for each other?
Yes. With a correlation of -0.19, IVZ and LICN have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between IVZ and LICN?
As of 2026-08-27, the correlation of weekly returns between IVZ and LICN is -0.19 over 3 years, 0.41 over 1 year and n/a over 5 years.
Is LICN a good diversifier for IVZ?
Yes. With a correlation of -0.19, IVZ and LICN have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.19 mean?
On the −1 to +1 scale, -0.19 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/ivz-vs-licn.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ivz-vs-licn/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: IVZ correlations · LICN correlations
