LIEN vs TK: Correlation
How closely do Chicago Atlantic BDC, Inc. (LIEN) and Teekay Corporation Ltd. (TK) trade together? Their weekly returns over three years give a correlation of -0.22, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LIEN and TK?
On 3 years of weekly data the LIEN/TK correlation comes out at -0.22, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.09) runs above the 3-year figure (-0.22). The 5-year figure is -0.06, and annualized covariance runs at -209.8 %².
Out of 13 assets tracked against LIEN, TK lands near the bottom at #11. The last year tells two different stories: TK led by 65.2 percentage points, +5.2% for LIEN against +70.4% for TK.
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 TK: side by side
| LIEN (Chicago Atlantic BDC, Inc.) | TK (Teekay Corporation Ltd.) | |
|---|---|---|
| 1-year return | +5.2% | +70.4% |
| 5-year return | +11.0% | +508.0% |
| Volatility (ann.) | 26.5% | 36.4% |
| Beta vs S&P 500 | 0.23 | 0.60 |
| Max drawdown (3Y) | -22.5% | -32.2% |
| Market cap | $0.2B | $1.1B |
| P/E (trailing) | 7.3 | 5.9 |
| Dividend yield | 13.40% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LIEN | TK |
|---|---|---|
| 2022 | – | +44.6% |
| 2023 | -1.1% | +57.5% |
| 2024 | +58.6% | +11.5% |
| 2025 | -4.0% | +48.2% |
| 2026 | +5.2% | +52.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LIEN and TK good diversifiers for each other?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between LIEN and TK?
Using weekly returns as of 2026-08-27: -0.22 over 3 years, with -0.09 over the last year and -0.06 over 5 years.
Is TK a good diversifier for LIEN?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.22 mean?
On the −1 to +1 scale, -0.22 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-tk.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/lien-vs-tk/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: LIEN correlations · TK correlations
