BNY vs UZX: Correlation
Measured on weekly returns over the past three years, BNY Mellon (BNY) and Linkage Global Inc - Class A (UZX) carry a correlation of -0.18, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BNY and UZX?
On 3 years of weekly data the BNY/UZX correlation comes out at -0.18, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.21) sits close to the 3-year figure. The 5-year figure is n/a, and annualized covariance runs at -490.2 %².
UZX is close to the least connected end of BNY's tracked universe, ranking #28 of 31. Their recent paths diverged sharply: over the last 12 months BNY outperformed by 151.8 percentage points (+57.2% for BNY against -94.6% for UZX). Risk is not evenly split, since UZX carries 6.8 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.
BNY vs UZX: side by side
| BNY (BNY Mellon) | UZX (Linkage Global Inc - Class A) | |
|---|---|---|
| 1-year return | +57.2% | -94.6% |
| 5-year return | +236.7% | n/a |
| Volatility (ann.) | 20.2% | 137.7% |
| Beta vs S&P 500 | 0.89 | 0.09 |
| Max drawdown (3Y) | -17.6% | -99.8% |
| Market cap | $110.1B | – |
| P/E (trailing) | 19.0 | – |
| Dividend yield | 1.30% | 0.00% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | BNY | UZX |
|---|---|---|
| 2022 | -19.1% | – |
| 2023 | +18.5% | – |
| 2024 | +51.9% | -71.7% |
| 2025 | +54.4% | -58.8% |
| 2026 | +41.5% | -93.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BNY and UZX good diversifiers for each other?
Yes. With a correlation of -0.18, BNY and UZX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between BNY and UZX?
As of 2026-08-27, the correlation of weekly returns between BNY and UZX is -0.18 over 3 years, -0.21 over 1 year and n/a over 5 years.
Is UZX a good diversifier for BNY?
Yes. With a correlation of -0.18, BNY and UZX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.18 mean?
On the −1 to +1 scale, -0.18 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/bny-vs-uzx.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/bny-vs-uzx/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BNY correlations · UZX correlations
