LICN vs VST: Correlation
Lichen International Limited - Class A (LICN) and Vistra Corp. (VST) show a negative relationship: their 3-year correlation of weekly returns is -0.17.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LICN and VST?
Over the past 3 years, LICN and VST moved with a correlation of -0.17, 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 -0.17 over 3 years. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -77208.2 %².
By 3-year correlation, VST places #29 of the 85 assets tracked against LICN. The last year tells two different stories: VST led by 46.9 percentage points, -74.7% for LICN against -27.8% for VST. Note the risk asymmetry: LICN runs 161.5 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 VST: side by side
| LICN (Lichen International Limited - Class A) | VST (Vistra Corp.) | |
|---|---|---|
| 1-year return | -74.7% | -27.8% |
| 5-year return | n/a | +713.7% |
| Volatility (ann.) | 8528.0% | 52.8% |
| Beta vs S&P 500 | -80.22 | 1.62 |
| Max drawdown (3Y) | -98.4% | -48.8% |
| Market cap | – | $46.9B |
| P/E (trailing) | – | 23.6 |
| Dividend yield | 0.00% | 0.65% |
| Sector / category | US Listed | Utilities |
Year-by-year returns
| Year | LICN | VST |
|---|---|---|
| 2022 | – | +5.1% |
| 2023 | – | +70.7% |
| 2024 | -91.0% | +261.5% |
| 2025 | +1484.3% | +17.7% |
| 2026 | -56.7% | -13.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LICN and VST good diversifiers for each other?
By historical standards, yes. A correlation of -0.17 means the two rarely move for the same reasons.
FAQ
What is the correlation between LICN and VST?
Using weekly returns as of 2026-08-27: -0.17 over 3 years, with -0.05 over the last year and n/a over 5 years.
Is VST a good diversifier for LICN?
By historical standards, yes. A correlation of -0.17 means the two rarely move for the same reasons.
What does a correlation of -0.17 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-vst.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/licn-vs-vst/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: LICN correlations · VST correlations
