NTRS vs UZX: Correlation
How closely do Northern Trust (NTRS) and Linkage Global Inc - Class A (UZX) trade together? Their weekly returns over three years give a correlation of -0.17, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NTRS and UZX?
Over the past 3 years, NTRS and UZX moved with a correlation of -0.17, which is negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.33 versus -0.17 over 3 years. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -522.0 %².
Among the 33 assets we track against NTRS, UZX sits near the bottom by co-movement, at rank #30. The last year tells two different stories: NTRS led by 139.4 percentage points, +44.8% for NTRS against -94.6% for UZX. Risk is not evenly split, since UZX carries 5.8 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.
NTRS vs UZX: side by side
| NTRS (Northern Trust) | UZX (Linkage Global Inc - Class A) | |
|---|---|---|
| 1-year return | +44.8% | -94.6% |
| 5-year return | +83.2% | n/a |
| Volatility (ann.) | 23.7% | 137.7% |
| Beta vs S&P 500 | 1.08 | 0.09 |
| Max drawdown (3Y) | -25.2% | -99.8% |
| Market cap | $34.1B | – |
| P/E (trailing) | 16.1 | – |
| Dividend yield | 1.71% | 0.00% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | NTRS | UZX |
|---|---|---|
| 2022 | -23.8% | – |
| 2023 | -1.0% | – |
| 2024 | +25.6% | -71.7% |
| 2025 | +36.9% | -58.8% |
| 2026 | +37.8% | -93.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NTRS and UZX good diversifiers for each other?
By historical standards, yes. A correlation of -0.17 means the two rarely move for the same reasons.
FAQ
What is the correlation between NTRS and UZX?
Using weekly returns as of 2026-08-27: -0.17 over 3 years, with -0.33 over the last year and n/a over 5 years.
Is UZX a good diversifier for NTRS?
By historical standards, yes. A correlation of -0.17 means the two rarely move for the same reasons.
What does a correlation of -0.17 mean?
A reading of -0.17 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/ntrs-vs-uzx.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ntrs-vs-uzx/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: NTRS correlations · UZX correlations
