CB vs UZX: Correlation
Measured on weekly returns over the past three years, Chubb Limited (CB) and Linkage Global Inc - Class A (UZX) carry a correlation of -0.21, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CB and UZX?
Across a 3-year window, the weekly returns of CB and UZX correlate at -0.21, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.31 over 1 year against -0.21 over 3. Stretching to 5 years gives n/a, with an annualized covariance of -514.5 %².
Among the 37 assets we track against CB, UZX ranks #29 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months CB outperformed by 119.3 percentage points (+24.7% for CB against -94.6% for UZX). Note the risk asymmetry: UZX runs 7.8 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
CB vs UZX: side by side
| CB (Chubb Limited) | UZX (Linkage Global Inc - Class A) | |
|---|---|---|
| 1-year return | +24.7% | -94.6% |
| 5-year return | +96.8% | n/a |
| Volatility (ann.) | 17.7% | 137.7% |
| Beta vs S&P 500 | 0.17 | 0.09 |
| Max drawdown (3Y) | -14.4% | -99.8% |
| Market cap | $130.5B | – |
| P/E (trailing) | 12.2 | – |
| Dividend yield | 1.14% | 0.00% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | CB | UZX |
|---|---|---|
| 2022 | +16.0% | – |
| 2023 | +4.2% | – |
| 2024 | +23.9% | -71.7% |
| 2025 | +13.7% | -58.8% |
| 2026 | +9.1% | -93.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CB and UZX good diversifiers for each other?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
FAQ
What is the correlation between CB and UZX?
The CB/UZX correlation stands at -0.21 on a 3-year window (1 year: -0.31, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is UZX a good diversifier for CB?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
What does a correlation of -0.21 mean?
A reading of -0.21 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/cb-vs-uzx.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cb-vs-uzx/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CB correlations · UZX correlations
