CNO vs UZX: Correlation
Measured on weekly returns over the past three years, CNO Financial Group, Inc. (CNO) and Linkage Global Inc - Class A (UZX) carry a correlation of -0.25, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CNO and UZX?
On 3 years of weekly data the CNO/UZX correlation comes out at -0.25, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.24 lands near the 3-year figure. The 5-year figure is n/a, and annualized covariance runs at -777.4 %².
Among the 25 assets we track against CNO, UZX sits near the bottom by co-movement, at rank #23. The last year tells two different stories: CNO led by 136.2 percentage points, +41.6% for CNO against -94.6% for UZX. One caveat on sizing: UZX is 6.1 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.
CNO vs UZX: side by side
| CNO (CNO Financial Group, Inc.) | UZX (Linkage Global Inc - Class A) | |
|---|---|---|
| 1-year return | +41.6% | -94.6% |
| 5-year return | +150.0% | n/a |
| Volatility (ann.) | 22.5% | 137.7% |
| Beta vs S&P 500 | 0.69 | 0.09 |
| Max drawdown (3Y) | -15.9% | -99.8% |
| Market cap | $5.1B | – |
| P/E (trailing) | 18.9 | – |
| Dividend yield | 1.26% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CNO | UZX |
|---|---|---|
| 2022 | -1.6% | – |
| 2023 | +25.1% | – |
| 2024 | +36.1% | -71.7% |
| 2025 | +16.1% | -58.8% |
| 2026 | +30.9% | -93.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CNO and UZX good diversifiers for each other?
By historical standards, yes. A correlation of -0.25 means the two rarely move for the same reasons.
FAQ
What is the correlation between CNO and UZX?
As of 2026-08-27, the correlation of weekly returns between CNO and UZX is -0.25 over 3 years, -0.24 over 1 year and n/a over 5 years.
Is UZX a good diversifier for CNO?
By historical standards, yes. A correlation of -0.25 means the two rarely move for the same reasons.
What does a correlation of -0.25 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/cno-vs-uzx.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cno-vs-uzx/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CNO correlations · UZX correlations
