OKE vs UZX: Correlation
Oneok (OKE) and Linkage Global Inc - Class A (UZX) show a negative relationship: their 3-year correlation of weekly returns is -0.27.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are OKE and UZX?
On 3 years of weekly data the OKE/UZX correlation comes out at -0.27, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.51) than the 3-year average (-0.27). The 5-year figure is n/a, and annualized covariance runs at -1081.1 %².
Among the 38 assets we track against OKE, UZX sits near the bottom by co-movement, at rank #36. Their recent paths diverged sharply: over the last 12 months OKE outperformed by 127.6 percentage points (+33.0% for OKE against -94.6% for UZX). Note the risk asymmetry: UZX runs 4.8 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.
OKE vs UZX: side by side
| OKE (Oneok) | UZX (Linkage Global Inc - Class A) | |
|---|---|---|
| 1-year return | +33.0% | -94.6% |
| 5-year return | +134.0% | n/a |
| Volatility (ann.) | 28.7% | 137.7% |
| Beta vs S&P 500 | 0.42 | 0.09 |
| Max drawdown (3Y) | -42.2% | -99.8% |
| Market cap | $59.7B | – |
| P/E (trailing) | 16.4 | – |
| Dividend yield | 4.47% | 0.00% |
| Sector / category | Energy | US Listed |
Year-by-year returns
| Year | OKE | UZX |
|---|---|---|
| 2022 | +18.9% | – |
| 2023 | +13.2% | – |
| 2024 | +50.1% | -71.7% |
| 2025 | -22.9% | -58.8% |
| 2026 | +33.8% | -93.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OKE 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 OKE and UZX?
The OKE/UZX correlation stands at -0.27 on a 3-year window (1 year: -0.51, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is UZX a good diversifier for OKE?
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?
On the −1 to +1 scale, -0.27 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/oke-vs-uzx.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/oke-vs-uzx/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: OKE correlations · UZX correlations
