LICN vs RC: Correlation
Lichen International Limited - Class A (LICN) and Ready Capital Corporation (RC) show a negative relationship: their 3-year correlation of weekly returns is -0.33.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LICN and RC?
Across a 3-year window, the weekly returns of LICN and RC correlate at -0.33, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (0.12) runs above the 3-year figure (-0.33). Stretching to 5 years gives n/a, with an annualized covariance of -107350.8 %².
Out of 85 assets tracked against LICN, RC lands near the bottom at #82. Correlation aside, the last 12 months split them widely, with RC ahead by 20.7 points (-74.7% versus -54.0%). Risk is not evenly split, since LICN carries 222.7 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 RC: side by side
| LICN (Lichen International Limited - Class A) | RC (Ready Capital Corporation) | |
|---|---|---|
| 1-year return | -74.7% | -54.0% |
| 5-year return | n/a | -78.5% |
| Volatility (ann.) | 8528.0% | 38.3% |
| Beta vs S&P 500 | -80.22 | 1.11 |
| Max drawdown (3Y) | -98.4% | -83.7% |
| Market cap | – | $0.3B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 8.42% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LICN | RC |
|---|---|---|
| 2022 | – | -18.3% |
| 2023 | – | +5.9% |
| 2024 | -91.0% | -23.5% |
| 2025 | +1484.3% | -65.0% |
| 2026 | -56.7% | -14.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LICN and RC good diversifiers for each other?
Yes. With a correlation of -0.33, LICN and RC have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between LICN and RC?
Using weekly returns as of 2026-08-27: -0.33 over 3 years, with 0.12 over the last year and n/a over 5 years.
Is RC a good diversifier for LICN?
Yes. With a correlation of -0.33, LICN and RC have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.33 mean?
On the −1 to +1 scale, -0.33 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-rc.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/licn-vs-rc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: LICN correlations · RC correlations
