LICN vs RETO: Correlation
Lichen International Limited - Class A (LICN) and ReTo Eco-Solutions, Inc. - Class A Shares (RETO) show a very strong relationship: their 3-year correlation of weekly returns is 0.94.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LICN and RETO?
Over the past 3 years, LICN and RETO moved with a correlation of 0.94, which is very strong, meaning they move nearly in lockstep. The past 12 months show a weaker link (0.16) than the 3-year average (0.94). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 3194176.1 %².
RETO is one of the assets that tracks LICN most closely: it ranks #1 out of the 85 assets we track against LICN. The last year tells two different stories: LICN led by 21.6 percentage points, -74.7% for LICN against -96.3% for RETO. Note the risk asymmetry: LICN runs 21.3 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 RETO: side by side
| LICN (Lichen International Limited - Class A) | RETO (ReTo Eco-Solutions, Inc. - Class A Shares) | |
|---|---|---|
| 1-year return | -74.7% | -96.3% |
| 5-year return | n/a | -100.0% |
| Volatility (ann.) | 8528.0% | 399.9% |
| Beta vs S&P 500 | -80.22 | -2.83 |
| Max drawdown (3Y) | -98.4% | -99.5% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LICN | RETO |
|---|---|---|
| 2022 | – | -75.9% |
| 2023 | – | -99.1% |
| 2024 | -91.0% | -74.9% |
| 2025 | +1484.3% | -57.1% |
| 2026 | -56.7% | -81.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LICN and RETO good diversifiers for each other?
No: a correlation of 0.94 means LICN and RETO tend to fall together, which is precisely when diversification is supposed to help.
FAQ
What is the correlation between LICN and RETO?
As of 2026-08-27, the correlation of weekly returns between LICN and RETO is 0.94 over 3 years, 0.16 over 1 year and n/a over 5 years.
Is RETO a good diversifier for LICN?
No: a correlation of 0.94 means LICN and RETO tend to fall together, which is precisely when diversification is supposed to help.
What does a correlation of 0.94 mean?
On the −1 to +1 scale, 0.94 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-reto.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/licn-vs-reto/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: LICN correlations · RETO correlations
