LICN vs TFC: Correlation
How closely do Lichen International Limited - Class A (LICN) and Truist Financial (TFC) 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 TFC?
Over the past 3 years, LICN and TFC moved with a correlation of -0.19, which is negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.05 versus -0.19 over 3 years. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -46500.2 %².
Within LICN's tracked universe of 85 assets, TFC comes in at #41 by 3-year correlation. The last year tells two different stories: TFC led by 86.8 percentage points, -74.7% for LICN against +12.1% for TFC. One caveat on sizing: LICN is 304.6 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 TFC: side by side
| LICN (Lichen International Limited - Class A) | TFC (Truist Financial) | |
|---|---|---|
| 1-year return | -74.7% | +12.1% |
| 5-year return | n/a | +12.7% |
| Volatility (ann.) | 8528.0% | 28.0% |
| Beta vs S&P 500 | -80.22 | 1.07 |
| Max drawdown (3Y) | -98.4% | -26.9% |
| Market cap | – | $61.4B |
| P/E (trailing) | – | 11.6 |
| Dividend yield | 0.00% | 4.10% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | LICN | TFC |
|---|---|---|
| 2022 | – | -23.5% |
| 2023 | – | -8.6% |
| 2024 | -91.0% | +23.7% |
| 2025 | +1484.3% | +19.0% |
| 2026 | -56.7% | +5.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LICN and TFC good diversifiers for each other?
Yes. With a correlation of -0.19, LICN and TFC have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between LICN and TFC?
The LICN/TFC correlation stands at -0.19 on a 3-year window (1 year: -0.05, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is TFC a good diversifier for LICN?
Yes. With a correlation of -0.19, LICN and TFC have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
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-tfc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/licn-vs-tfc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: LICN correlations · TFC correlations
