LIEN vs SST: Correlation
How closely do Chicago Atlantic BDC, Inc. (LIEN) and System1, Inc. (SST) trade together? Their weekly returns over three years give a correlation of -0.21, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LIEN and SST?
On 3 years of weekly data the LIEN/SST correlation comes out at -0.21, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.18 over 1 year against -0.21 over 3. The 5-year figure is -0.12, and annualized covariance runs at -829.1 %².
Among the 13 assets we track against LIEN, SST sits near the bottom by co-movement, at rank #10. Correlation aside, the last 12 months split them widely, with LIEN ahead by 80.7 points (+5.2% versus -75.5%). Risk is not evenly split, since SST carries 5.7 times the volatility of the other side.
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.
LIEN vs SST: side by side
| LIEN (Chicago Atlantic BDC, Inc.) | SST (System1, Inc.) | |
|---|---|---|
| 1-year return | +5.2% | -75.5% |
| 5-year return | +11.0% | -98.1% |
| Volatility (ann.) | 26.5% | 151.9% |
| Beta vs S&P 500 | 0.23 | 0.94 |
| Max drawdown (3Y) | -22.5% | -95.2% |
| Market cap | $0.2B | – |
| P/E (trailing) | 7.3 | – |
| Dividend yield | 13.40% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LIEN | SST |
|---|---|---|
| 2022 | – | -52.9% |
| 2023 | -1.1% | -52.7% |
| 2024 | +58.6% | -59.5% |
| 2025 | -4.0% | -56.3% |
| 2026 | +5.2% | -52.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LIEN and SST good diversifiers for each other?
Yes: at -0.21, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between LIEN and SST?
The LIEN/SST correlation stands at -0.21 on a 3-year window (1 year: -0.18, 5 years: -0.12), computed from weekly returns as of 2026-08-27.
Is SST a good diversifier for LIEN?
Yes: at -0.21, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.21 mean?
On the −1 to +1 scale, -0.21 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/lien-vs-sst.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/lien-vs-sst/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: LIEN correlations · SST correlations
