GSHD vs UZX: Correlation
Goosehead Insurance, Inc. (GSHD) and Linkage Global Inc - Class A (UZX) show a negative relationship: their 3-year correlation of weekly returns is -0.28.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GSHD and UZX?
On 3 years of weekly data the GSHD/UZX correlation comes out at -0.28, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.34 lands near the 3-year figure. The 5-year figure is n/a, and annualized covariance runs at -2232.4 %².
Out of 15 assets tracked against GSHD, UZX lands near the bottom at #14. Their recent paths diverged sharply: over the last 12 months GSHD outperformed by 76.1 percentage points (-18.5% for GSHD against -94.6% for UZX). Note the risk asymmetry: UZX runs 2.5 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.
GSHD vs UZX: side by side
| GSHD (Goosehead Insurance, Inc.) | UZX (Linkage Global Inc - Class A) | |
|---|---|---|
| 1-year return | -18.5% | -94.6% |
| 5-year return | -47.2% | n/a |
| Volatility (ann.) | 55.1% | 137.7% |
| Beta vs S&P 500 | 0.42 | 0.09 |
| Max drawdown (3Y) | -72.2% | -99.8% |
| Market cap | $2.5B | – |
| P/E (trailing) | 51.4 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GSHD | UZX |
|---|---|---|
| 2022 | -73.6% | – |
| 2023 | +120.7% | – |
| 2024 | +41.5% | -71.7% |
| 2025 | -27.4% | -58.8% |
| 2026 | -4.3% | -93.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GSHD and UZX good diversifiers for each other?
Yes. With a correlation of -0.28, GSHD and UZX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between GSHD and UZX?
Using weekly returns as of 2026-08-27: -0.28 over 3 years, with -0.34 over the last year and n/a over 5 years.
Is UZX a good diversifier for GSHD?
Yes. With a correlation of -0.28, GSHD and UZX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.28 mean?
A reading of -0.28 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/gshd-vs-uzx.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/gshd-vs-uzx/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: GSHD correlations · UZX correlations
