NSC vs UZX: Correlation
Measured on weekly returns over the past three years, Norfolk Southern (NSC) 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 NSC and UZX?
Over the past 3 years, NSC and UZX moved with a correlation of -0.21, which is negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.36) runs below the 3-year figure (-0.21). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -586.5 %².
Out of 32 assets tracked against NSC, UZX lands near the bottom at #30. The last year tells two different stories: NSC led by 124.6 percentage points, +30.0% for NSC against -94.6% for UZX. One caveat on sizing: UZX is 6.3 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.
NSC vs UZX: side by side
| NSC (Norfolk Southern) | UZX (Linkage Global Inc - Class A) | |
|---|---|---|
| 1-year return | +30.0% | -94.6% |
| 5-year return | +49.6% | n/a |
| Volatility (ann.) | 22.0% | 137.7% |
| Beta vs S&P 500 | 0.69 | 0.09 |
| Max drawdown (3Y) | -25.1% | -99.8% |
| Market cap | $78.1B | – |
| P/E (trailing) | 30.1 | – |
| Dividend yield | 1.53% | 0.00% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | NSC | UZX |
|---|---|---|
| 2022 | -15.6% | – |
| 2023 | -1.6% | – |
| 2024 | +1.6% | -71.7% |
| 2025 | +25.6% | -58.8% |
| 2026 | +22.0% | -93.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NSC 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 NSC and UZX?
Using weekly returns as of 2026-08-27: -0.21 over 3 years, with -0.36 over the last year and n/a over 5 years.
Is UZX a good diversifier for NSC?
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/nsc-vs-uzx.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/nsc-vs-uzx/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: NSC correlations · UZX correlations
