L vs UZX: Correlation
Measured on weekly returns over the past three years, Loews Corporation (L) and Linkage Global Inc - Class A (UZX) carry a correlation of -0.20, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are L and UZX?
Over the past 3 years, L and UZX moved with a correlation of -0.20, which is negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.37) than the 3-year average (-0.20). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -461.0 %².
Among the 54 assets we track against L, UZX ranks #49 by 3-year correlation. The last year tells two different stories: L led by 108.8 percentage points, +14.2% for L against -94.6% for UZX. Note the risk asymmetry: UZX runs 8.3 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.
L vs UZX: side by side
| L (Loews Corporation) | UZX (Linkage Global Inc - Class A) | |
|---|---|---|
| 1-year return | +14.2% | -94.6% |
| 5-year return | +100.1% | n/a |
| Volatility (ann.) | 16.6% | 137.7% |
| Beta vs S&P 500 | 0.33 | 0.09 |
| Max drawdown (3Y) | -12.2% | -99.8% |
| Market cap | $22.5B | – |
| P/E (trailing) | 13.5 | – |
| Dividend yield | 0.23% | 0.00% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | L | UZX |
|---|---|---|
| 2022 | +1.4% | – |
| 2023 | +19.8% | – |
| 2024 | +22.1% | -71.7% |
| 2025 | +24.7% | -58.8% |
| 2026 | +4.5% | -93.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are L and UZX good diversifiers for each other?
Yes: at -0.20, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between L and UZX?
The L/UZX correlation stands at -0.20 on a 3-year window (1 year: -0.37, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is UZX a good diversifier for L?
Yes: at -0.20, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.20 mean?
A reading of -0.20 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/l-vs-uzx.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/l-vs-uzx/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: L correlations · UZX correlations
