BGR vs UZX: Correlation
Measured on weekly returns over the past three years, BlackRock Energy and Resources Trust (BGR) and Linkage Global Inc - Class A (UZX) carry a correlation of -0.22, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BGR and UZX?
Across a 3-year window, the weekly returns of BGR and UZX correlate at -0.22, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.40) than the 3-year average (-0.22). Stretching to 5 years gives n/a, with an annualized covariance of -591.3 %².
UZX is close to the least connected end of BGR's tracked universe, ranking #17 of 19. The last year tells two different stories: BGR led by 129.9 percentage points, +35.3% for BGR against -94.6% for UZX. One caveat on sizing: UZX is 7.0 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
BGR vs UZX: side by side
| BGR (BlackRock Energy and Resources Trust) | UZX (Linkage Global Inc - Class A) | |
|---|---|---|
| 1-year return | +35.3% | -94.6% |
| 5-year return | +165.0% | n/a |
| Volatility (ann.) | 19.7% | 137.7% |
| Beta vs S&P 500 | 0.21 | 0.09 |
| Max drawdown (3Y) | -18.3% | -99.8% |
| Market cap | $0.4B | – |
| P/E (trailing) | 10.8 | – |
| Dividend yield | 6.86% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BGR | UZX |
|---|---|---|
| 2022 | +38.9% | – |
| 2023 | +5.8% | – |
| 2024 | +8.1% | -71.7% |
| 2025 | +17.3% | -58.8% |
| 2026 | +30.7% | -93.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BGR and UZX 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 BGR and UZX?
The BGR/UZX correlation stands at -0.22 on a 3-year window (1 year: -0.40, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is UZX a good diversifier for BGR?
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?
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/bgr-vs-uzx.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/bgr-vs-uzx/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BGR correlations · UZX correlations
