KNSL vs UZX: Correlation
How closely do Kinsale Capital Group, Inc. (KNSL) and Linkage Global Inc - Class A (UZX) trade together? Their weekly returns over three years give a correlation of -0.27, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KNSL and UZX?
Over the past 3 years, KNSL and UZX moved with a correlation of -0.27, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.21 lands near the 3-year figure. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -1384.8 %².
Among the 15 assets we track against KNSL, UZX sits near the bottom by co-movement, at rank #14. Correlation aside, the last 12 months split them widely, with KNSL ahead by 78.7 points (-15.9% versus -94.6%). Risk is not evenly split, since UZX carries 3.7 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.
KNSL vs UZX: side by side
| KNSL (Kinsale Capital Group, Inc.) | UZX (Linkage Global Inc - Class A) | |
|---|---|---|
| 1-year return | -15.9% | -94.6% |
| 5-year return | +110.8% | n/a |
| Volatility (ann.) | 37.5% | 137.7% |
| Beta vs S&P 500 | 0.36 | 0.09 |
| Max drawdown (3Y) | -46.8% | -99.8% |
| Market cap | $8.7B | – |
| P/E (trailing) | 15.7 | – |
| Dividend yield | 0.22% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | KNSL | UZX |
|---|---|---|
| 2022 | +10.2% | – |
| 2023 | +28.3% | – |
| 2024 | +39.1% | -71.7% |
| 2025 | -15.8% | -58.8% |
| 2026 | -2.2% | -93.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KNSL and UZX good diversifiers for each other?
By historical standards, yes. A correlation of -0.27 means the two rarely move for the same reasons.
FAQ
What is the correlation between KNSL and UZX?
Using weekly returns as of 2026-08-27: -0.27 over 3 years, with -0.21 over the last year and n/a over 5 years.
Is UZX a good diversifier for KNSL?
By historical standards, yes. A correlation of -0.27 means the two rarely move for the same reasons.
What does a correlation of -0.27 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/knsl-vs-uzx.json
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Related comparisons
Hubs: KNSL correlations · UZX correlations
