LICN vs STT: Correlation
How closely do Lichen International Limited - Class A (LICN) and State Street Corporation (STT) trade together? Their weekly returns over three years give a correlation of -0.26, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LICN and STT?
On 3 years of weekly data the LICN/STT correlation comes out at -0.26, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (0.06) than the 3-year average (-0.26). The 5-year figure is n/a, and annualized covariance runs at -51229.1 %².
Among the 85 assets we track against LICN, STT ranks #74 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months STT outperformed by 147.4 percentage points (-74.7% for LICN against +72.7% for STT). Note the risk asymmetry: LICN runs 372.4 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 STT: side by side
| LICN (Lichen International Limited - Class A) | STT (State Street Corporation) | |
|---|---|---|
| 1-year return | -74.7% | +72.7% |
| 5-year return | n/a | +144.9% |
| Volatility (ann.) | 8528.0% | 22.9% |
| Beta vs S&P 500 | -80.22 | 0.97 |
| Max drawdown (3Y) | -98.4% | -25.7% |
| Market cap | – | $53.1B |
| P/E (trailing) | – | 17.1 |
| Dividend yield | 0.00% | 1.74% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | LICN | STT |
|---|---|---|
| 2022 | – | -13.8% |
| 2023 | – | +3.5% |
| 2024 | -91.0% | +30.2% |
| 2025 | +1484.3% | +35.5% |
| 2026 | -56.7% | +52.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LICN and STT good diversifiers for each other?
By historical standards, yes. A correlation of -0.26 means the two rarely move for the same reasons.
FAQ
What is the correlation between LICN and STT?
Using weekly returns as of 2026-08-27: -0.26 over 3 years, with 0.06 over the last year and n/a over 5 years.
Is STT a good diversifier for LICN?
By historical standards, yes. A correlation of -0.26 means the two rarely move for the same reasons.
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.
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Related comparisons
Hubs: LICN correlations · STT correlations
