LICN vs QQQ: Correlation
Lichen International Limited - Class A (LICN) and Invesco QQQ Trust (QQQ) show a negative relationship: their 3-year correlation of weekly returns is -0.11.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LICN and QQQ?
Across a 3-year window, the weekly returns of LICN and QQQ correlate at -0.11, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.19 versus -0.11 over 3 years. Stretching to 5 years gives n/a, with an annualized covariance of -17697.0 %².
Within LICN's tracked universe of 85 assets, QQQ comes in at #9 by 3-year correlation. Correlation aside, the last 12 months split them widely, with QQQ ahead by 101.0 points (-74.7% versus +26.3%). Risk is not evenly split, since LICN carries 435.1 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 QQQ: side by side
| LICN (Lichen International Limited - Class A) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -74.7% | +26.3% |
| 5-year return | n/a | +95.4% |
| Volatility (ann.) | 8528.0% | 19.6% |
| Beta vs S&P 500 | -80.22 | 1.28 |
| Max drawdown (3Y) | -98.4% | -22.8% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.44% |
| Expense ratio | – | 0.18% |
| Assets under management | – | $452.8B |
| Sector / category | US Listed | ETF · US Growth & Tech |
QQQ is a Large Growth fund from Invesco: $452.8B under management, 104 holdings, a 0.18% expense ratio, a 0.44% trailing dividend yield.
Year-by-year returns
| Year | LICN | QQQ |
|---|---|---|
| 2022 | – | -32.6% |
| 2023 | – | +54.9% |
| 2024 | -91.0% | +25.6% |
| 2025 | +1484.3% | +20.8% |
| 2026 | -56.7% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LICN and QQQ good diversifiers for each other?
By historical standards, yes. A correlation of -0.11 means the two rarely move for the same reasons.
FAQ
What is the correlation between LICN and QQQ?
Using weekly returns as of 2026-08-27: -0.11 over 3 years, with 0.19 over the last year and n/a over 5 years.
Is QQQ a good diversifier for LICN?
By historical standards, yes. A correlation of -0.11 means the two rarely move for the same reasons.
What does a correlation of -0.11 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-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/licn-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: LICN correlations · QQQ correlations
