LICN vs PHIN: Correlation
Measured on weekly returns over the past three years, Lichen International Limited - Class A (LICN) and PHINIA Inc. (PHIN) carry a correlation of -0.23, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LICN and PHIN?
Over the past 3 years, LICN and PHIN moved with a correlation of -0.23, which is negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (0.19) runs above the 3-year figure (-0.23). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -64249.3 %².
By 3-year correlation, PHIN places #61 of the 85 assets tracked against LICN. Correlation aside, the last 12 months split them widely, with PHIN ahead by 91.6 points (-74.7% versus +16.9%). One caveat on sizing: LICN is 258.4 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 PHIN: side by side
| LICN (Lichen International Limited - Class A) | PHIN (PHINIA Inc.) | |
|---|---|---|
| 1-year return | -74.7% | +16.9% |
| 5-year return | n/a | n/a |
| Volatility (ann.) | 8528.0% | 33.0% |
| Beta vs S&P 500 | -80.22 | 1.01 |
| Max drawdown (3Y) | -98.4% | -32.9% |
| Market cap | – | $2.5B |
| P/E (trailing) | – | 20.1 |
| Dividend yield | 0.00% | 1.63% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LICN | PHIN |
|---|---|---|
| 2024 | -91.0% | +62.7% |
| 2025 | +1484.3% | +33.0% |
| 2026 | -56.7% | +9.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LICN and PHIN good diversifiers for each other?
Yes. With a correlation of -0.23, LICN and PHIN have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between LICN and PHIN?
Using weekly returns as of 2026-08-27: -0.23 over 3 years, with 0.19 over the last year and n/a over 5 years.
Is PHIN a good diversifier for LICN?
Yes. With a correlation of -0.23, LICN and PHIN have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.23 mean?
On the −1 to +1 scale, -0.23 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-phin.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/licn-vs-phin/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: LICN correlations · PHIN correlations
