LICN vs LYV: Correlation
Measured on weekly returns over the past three years, Lichen International Limited - Class A (LICN) and Live Nation Entertainment (LYV) carry a correlation of -0.24, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LICN and LYV?
On 3 years of weekly data the LICN/LYV correlation comes out at -0.24, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.07 versus -0.24 over 3 years. The 5-year figure is n/a, and annualized covariance runs at -57020.8 %².
Within LICN's tracked universe of 85 assets, LYV comes in at #65 by 3-year correlation. Correlation aside, the last 12 months split them widely, with LYV ahead by 83.8 points (-74.7% versus +9.1%). Risk is not evenly split, since LICN carries 303.5 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.
LICN vs LYV: side by side
| LICN (Lichen International Limited - Class A) | LYV (Live Nation Entertainment) | |
|---|---|---|
| 1-year return | -74.7% | +9.1% |
| 5-year return | n/a | +108.7% |
| Volatility (ann.) | 8528.0% | 28.1% |
| Beta vs S&P 500 | -80.22 | 1.02 |
| Max drawdown (3Y) | -98.4% | -27.8% |
| Market cap | – | $42.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Communication Services |
Year-by-year returns
| Year | LICN | LYV |
|---|---|---|
| 2022 | – | -41.7% |
| 2023 | – | +34.2% |
| 2024 | -91.0% | +38.4% |
| 2025 | +1484.3% | +10.0% |
| 2026 | -56.7% | +26.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LICN and LYV good diversifiers for each other?
Yes. With a correlation of -0.24, LICN and LYV have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between LICN and LYV?
As of 2026-08-27, the correlation of weekly returns between LICN and LYV is -0.24 over 3 years, 0.07 over 1 year and n/a over 5 years.
Is LYV a good diversifier for LICN?
Yes. With a correlation of -0.24, LICN and LYV have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.24 mean?
On the −1 to +1 scale, -0.24 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/licn-vs-lyv.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/licn-vs-lyv/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: LICN correlations · LYV correlations
