LICN vs VFC: Correlation
Lichen International Limited - Class A (LICN) and V.F. Corporation (VFC) show a negative relationship: their 3-year correlation of weekly returns is -0.24.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LICN and VFC?
On 3 years of weekly data the LICN/VFC correlation comes out at -0.24, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (0.14) runs above the 3-year figure (-0.24). The 5-year figure is n/a, and annualized covariance runs at -114227.4 %².
By 3-year correlation, VFC places #68 of the 85 assets tracked against LICN. Correlation aside, the last 12 months split them widely, with VFC ahead by 68.0 points (-74.7% versus -6.7%). One caveat on sizing: LICN is 155.3 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 VFC: side by side
| LICN (Lichen International Limited - Class A) | VFC (V.F. Corporation) | |
|---|---|---|
| 1-year return | -74.7% | -6.7% |
| 5-year return | n/a | -79.1% |
| Volatility (ann.) | 8528.0% | 54.9% |
| Beta vs S&P 500 | -80.22 | 1.25 |
| Max drawdown (3Y) | -98.4% | -63.7% |
| Market cap | – | $5.4B |
| P/E (trailing) | – | 20.1 |
| Dividend yield | 0.00% | 12.96% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LICN | VFC |
|---|---|---|
| 2022 | – | -60.4% |
| 2023 | – | -28.5% |
| 2024 | -91.0% | +16.6% |
| 2025 | +1484.3% | -13.8% |
| 2026 | -56.7% | -23.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LICN and VFC good diversifiers for each other?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
FAQ
What is the correlation between LICN and VFC?
The LICN/VFC correlation stands at -0.24 on a 3-year window (1 year: 0.14, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is VFC a good diversifier for LICN?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
What does a correlation of -0.24 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/licn-vs-vfc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/licn-vs-vfc/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: LICN correlations · VFC correlations
