LICN vs RCL: Correlation
How closely do Lichen International Limited - Class A (LICN) and Royal Caribbean Group (RCL) trade together? Their weekly returns over three years give a correlation of -0.19, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LICN and RCL?
On 3 years of weekly data the LICN/RCL correlation comes out at -0.19, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (0.09) than the 3-year average (-0.19). The 5-year figure is n/a, and annualized covariance runs at -67062.8 %².
By 3-year correlation, RCL places #39 of the 85 assets tracked against LICN. Their recent paths diverged sharply: over the last 12 months RCL outperformed by 55.4 percentage points (-74.7% for LICN against -19.3% for RCL). One caveat on sizing: LICN is 206.5 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 RCL: side by side
| LICN (Lichen International Limited - Class A) | RCL (Royal Caribbean Group) | |
|---|---|---|
| 1-year return | -74.7% | -19.3% |
| 5-year return | n/a | +257.6% |
| Volatility (ann.) | 8528.0% | 41.3% |
| Beta vs S&P 500 | -80.22 | 1.46 |
| Max drawdown (3Y) | -98.4% | -35.0% |
| Market cap | – | $76.2B |
| P/E (trailing) | – | 17.9 |
| Dividend yield | 0.00% | 1.72% |
| Sector / category | US Listed | Consumer Discretionary |
Year-by-year returns
| Year | LICN | RCL |
|---|---|---|
| 2022 | – | -35.7% |
| 2023 | – | +162.0% |
| 2024 | -91.0% | +79.0% |
| 2025 | +1484.3% | +22.5% |
| 2026 | -56.7% | +3.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LICN and RCL good diversifiers for each other?
By historical standards, yes. A correlation of -0.19 means the two rarely move for the same reasons.
FAQ
What is the correlation between LICN and RCL?
As of 2026-08-27, the correlation of weekly returns between LICN and RCL is -0.19 over 3 years, 0.09 over 1 year and n/a over 5 years.
Is RCL a good diversifier for LICN?
By historical standards, yes. A correlation of -0.19 means the two rarely move for the same reasons.
What does a correlation of -0.19 mean?
On the −1 to +1 scale, -0.19 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-rcl.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/licn-vs-rcl/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: LICN correlations · RCL correlations
