LICN vs PNC: Correlation
Lichen International Limited - Class A (LICN) and PNC Financial Services (PNC) show a negative relationship: their 3-year correlation of weekly returns is -0.15.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LICN and PNC?
On 3 years of weekly data the LICN/PNC correlation comes out at -0.15, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.05) sits close to the 3-year figure. The 5-year figure is n/a, and annualized covariance runs at -33605.8 %².
Among the 85 assets we track against LICN, PNC ranks #16 by 3-year correlation. The last year tells two different stories: PNC led by 96.8 percentage points, -74.7% for LICN against +22.1% for PNC. Risk is not evenly split, since LICN carries 333.1 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 PNC: side by side
| LICN (Lichen International Limited - Class A) | PNC (PNC Financial Services) | |
|---|---|---|
| 1-year return | -74.7% | +22.1% |
| 5-year return | n/a | +53.5% |
| Volatility (ann.) | 8528.0% | 25.6% |
| Beta vs S&P 500 | -80.22 | 0.92 |
| Max drawdown (3Y) | -98.4% | -29.8% |
| Market cap | – | $97.1B |
| P/E (trailing) | – | 13.5 |
| Dividend yield | 0.00% | 2.78% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | LICN | PNC |
|---|---|---|
| 2022 | – | -18.6% |
| 2023 | – | +2.7% |
| 2024 | -91.0% | +29.4% |
| 2025 | +1484.3% | +12.2% |
| 2026 | -56.7% | +19.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LICN and PNC good diversifiers for each other?
Yes: at -0.15, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between LICN and PNC?
Using weekly returns as of 2026-08-27: -0.15 over 3 years, with -0.05 over the last year and n/a over 5 years.
Is PNC a good diversifier for LICN?
Yes: at -0.15, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.15 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-pnc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/licn-vs-pnc/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: LICN correlations · PNC correlations
