LICN vs VMC: Correlation
How closely do Lichen International Limited - Class A (LICN) and Vulcan Materials Company (VMC) trade together? Their weekly returns over three years give a correlation of -0.25, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LICN and VMC?
Across a 3-year window, the weekly returns of LICN and VMC correlate at -0.25, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (0.04) than the 3-year average (-0.25). Stretching to 5 years gives n/a, with an annualized covariance of -53816.7 %².
By 3-year correlation, VMC places #71 of the 85 assets tracked against LICN. The last year tells two different stories: VMC led by 69.5 percentage points, -74.7% for LICN against -5.2% for VMC. Note the risk asymmetry: LICN runs 338.4 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 VMC: side by side
| LICN (Lichen International Limited - Class A) | VMC (Vulcan Materials Company) | |
|---|---|---|
| 1-year return | -74.7% | -5.2% |
| 5-year return | n/a | +53.2% |
| Volatility (ann.) | 8528.0% | 25.2% |
| Beta vs S&P 500 | -80.22 | 0.82 |
| Max drawdown (3Y) | -98.4% | -24.4% |
| Market cap | – | $35.5B |
| P/E (trailing) | – | 32.3 |
| Dividend yield | 0.00% | 0.74% |
| Sector / category | US Listed | Materials |
Year-by-year returns
| Year | LICN | VMC |
|---|---|---|
| 2022 | – | -14.9% |
| 2023 | – | +30.8% |
| 2024 | -91.0% | +14.1% |
| 2025 | +1484.3% | +11.7% |
| 2026 | -56.7% | -3.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LICN and VMC good diversifiers for each other?
Yes: at -0.25, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between LICN and VMC?
The LICN/VMC correlation stands at -0.25 on a 3-year window (1 year: 0.04, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is VMC a good diversifier for LICN?
Yes: at -0.25, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.25 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-vmc.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/licn-vs-vmc/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: LICN correlations · VMC correlations
