LICN vs RL: Correlation
Lichen International Limited - Class A (LICN) and Ralph Lauren Corporation (RL) show a negative relationship: their 3-year correlation of weekly returns is -0.26.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LICN and RL?
Over the past 3 years, LICN and RL moved with a correlation of -0.26, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.24 over 1 year against -0.26 over 3. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -74823.5 %².
Within LICN's tracked universe of 85 assets, RL comes in at #73 by 3-year correlation. Correlation aside, the last 12 months split them widely, with RL ahead by 95.4 points (-74.7% versus +20.7%). One caveat on sizing: LICN is 253.8 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 RL: side by side
| LICN (Lichen International Limited - Class A) | RL (Ralph Lauren Corporation) | |
|---|---|---|
| 1-year return | -74.7% | +20.7% |
| 5-year return | n/a | +232.5% |
| Volatility (ann.) | 8528.0% | 33.6% |
| Beta vs S&P 500 | -80.22 | 1.07 |
| Max drawdown (3Y) | -98.4% | -36.2% |
| Market cap | – | $21.0B |
| P/E (trailing) | – | 22.8 |
| Dividend yield | 0.00% | 1.03% |
| Sector / category | US Listed | Consumer Discretionary |
Year-by-year returns
| Year | LICN | RL |
|---|---|---|
| 2022 | – | -8.4% |
| 2023 | – | +39.8% |
| 2024 | -91.0% | +62.9% |
| 2025 | +1484.3% | +55.0% |
| 2026 | -56.7% | +0.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LICN and RL good diversifiers for each other?
Yes: at -0.26, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between LICN and RL?
The LICN/RL correlation stands at -0.26 on a 3-year window (1 year: -0.24, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is RL a good diversifier for LICN?
Yes: at -0.26, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.26 mean?
On the −1 to +1 scale, -0.26 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-rl.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/licn-vs-rl/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: LICN correlations · RL correlations
