LICN vs OKE: Correlation
How closely do Lichen International Limited - Class A (LICN) and Oneok (OKE) trade together? Their weekly returns over three years give a correlation of -0.22, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LICN and OKE?
On 3 years of weekly data the LICN/OKE correlation comes out at -0.22, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.08) than the 3-year average (-0.22). The 5-year figure is n/a, and annualized covariance runs at -54981.1 %².
Among the 85 assets we track against LICN, OKE ranks #52 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months OKE outperformed by 107.7 percentage points (-74.7% for LICN against +33.0% for OKE). One caveat on sizing: LICN is 297.1 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 OKE: side by side
| LICN (Lichen International Limited - Class A) | OKE (Oneok) | |
|---|---|---|
| 1-year return | -74.7% | +33.0% |
| 5-year return | n/a | +134.0% |
| Volatility (ann.) | 8528.0% | 28.7% |
| Beta vs S&P 500 | -80.22 | 0.42 |
| Max drawdown (3Y) | -98.4% | -42.2% |
| Market cap | – | $59.7B |
| P/E (trailing) | – | 16.4 |
| Dividend yield | 0.00% | 4.47% |
| Sector / category | US Listed | Energy |
Year-by-year returns
| Year | LICN | OKE |
|---|---|---|
| 2022 | – | +18.9% |
| 2023 | – | +13.2% |
| 2024 | -91.0% | +50.1% |
| 2025 | +1484.3% | -22.9% |
| 2026 | -56.7% | +33.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LICN and OKE good diversifiers for each other?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between LICN and OKE?
Using weekly returns as of 2026-08-27: -0.22 over 3 years, with -0.08 over the last year and n/a over 5 years.
Is OKE a good diversifier for LICN?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.22 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-oke.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/licn-vs-oke/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: LICN correlations · OKE correlations
