# Lichen International Limited (LICN) vs State Street SPDR S&P 500 ETF Trust (SPY) · total-return overlay

LOPJLB holding-return compare (5Y). Dividends and splits. Each path starts at 0% from the first adjusted close in the window.

Lichen International Limited (LICN) vs State Street SPDR S&P 500 ETF Trust (SPY) total return over 5Y: LICN -99.86%, SPY +91.57%. Regime LICN CRISIS · SPY BULL. As of Oct 9, 2026. Research only.

- Interactive: https://www.lopjlb.com/vs/LICN/SPY
- API: `GET /bff/api/bigfive/compare-series?symbols=LICN%2CSPY&range=5y`

## Window

| Symbol | Window % | Worst drawdown | YTD |
|---|---:|---:|---:|
| LICN | -99.86% | -99.91% | -67.22% |
| SPY | +91.57% | -24.49% | +14.86% |

## Periods (calendar lookback)

| Symbol | 1Y | 2Y | 3Y | 5Y |
|---|---:|---:|---:|---:|
| LICN | -80.00% | -99.74% | -99.66% | — |
| SPY | +17.26% | +38.01% | +86.77% | +91.57% |

## Annual

| Year | LICN | SPY |
|---|---:|---:|
| YTD | -67.22% | +14.86% |
| 2025 | -92.34% | +18.01% |
| 2024 | -90.19% | +25.59% |
| 2023 | -43.43% | +26.73% |
| 2022 | — | -18.64% |
| 2021 | — | +9.65% |

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Research context only. Not personalized investment advice.