LICN vs WFC: Correlation
How closely do Lichen International Limited - Class A (LICN) and Wells Fargo (WFC) 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 WFC?
Over the past 3 years, LICN and WFC moved with a correlation of -0.19, which is negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.15) sits close to the 3-year figure. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -48795.0 %².
Within LICN's tracked universe of 85 assets, WFC comes in at #42 by 3-year correlation. The last year tells two different stories: WFC led by 79.9 percentage points, -74.7% for LICN against +5.2% for WFC. Note the risk asymmetry: LICN runs 287.1 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 WFC: side by side
| LICN (Lichen International Limited - Class A) | WFC (Wells Fargo) | |
|---|---|---|
| 1-year return | -74.7% | +5.2% |
| 5-year return | n/a | +98.3% |
| Volatility (ann.) | 8528.0% | 29.7% |
| Beta vs S&P 500 | -80.22 | 0.98 |
| Max drawdown (3Y) | -98.4% | -24.7% |
| Market cap | – | $256.9B |
| P/E (trailing) | – | 12.4 |
| Dividend yield | 0.00% | 2.11% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | LICN | WFC |
|---|---|---|
| 2022 | – | -11.9% |
| 2023 | – | +22.9% |
| 2024 | -91.0% | +46.5% |
| 2025 | +1484.3% | +35.6% |
| 2026 | -56.7% | -7.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LICN and WFC good diversifiers for each other?
Yes. With a correlation of -0.19, LICN and WFC have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between LICN and WFC?
As of 2026-08-27, the correlation of weekly returns between LICN and WFC is -0.19 over 3 years, -0.15 over 1 year and n/a over 5 years.
Is WFC a good diversifier for LICN?
Yes. With a correlation of -0.19, LICN and WFC have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.19 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.
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Related comparisons
Hubs: LICN correlations · WFC correlations
