LICN vs MRVL: Correlation
Lichen International Limited - Class A (LICN) and Marvell Technology (MRVL) show a negative relationship: their 3-year correlation of weekly returns is -0.24.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LICN and MRVL?
Over the past 3 years, LICN and MRVL moved with a correlation of -0.24, which is negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (0.14) than the 3-year average (-0.24). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -118423.2 %².
By 3-year correlation, MRVL places #66 of the 85 assets tracked against LICN. Their recent paths diverged sharply: over the last 12 months MRVL outperformed by 298.2 percentage points (-74.7% for LICN against +223.5% for MRVL). One caveat on sizing: LICN is 147.5 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.
LICN vs MRVL: side by side
| LICN (Lichen International Limited - Class A) | MRVL (Marvell Technology) | |
|---|---|---|
| 1-year return | -74.7% | +223.5% |
| 5-year return | n/a | +297.0% |
| Volatility (ann.) | 8528.0% | 57.8% |
| Beta vs S&P 500 | -80.22 | 2.19 |
| Max drawdown (3Y) | -98.4% | -60.8% |
| Market cap | – | $217.0B |
| P/E (trailing) | – | 82.7 |
| Dividend yield | 0.00% | 0.10% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | LICN | MRVL |
|---|---|---|
| 2022 | – | -57.5% |
| 2023 | – | +63.7% |
| 2024 | -91.0% | +83.8% |
| 2025 | +1484.3% | -22.8% |
| 2026 | -56.7% | +184.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LICN and MRVL good diversifiers for each other?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between LICN and MRVL?
The LICN/MRVL correlation stands at -0.24 on a 3-year window (1 year: 0.14, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is MRVL a good diversifier for LICN?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.24 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/licn-vs-mrvl.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/licn-vs-mrvl/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: LICN correlations · MRVL correlations
