PEO vs UZX: Correlation
Measured on weekly returns over the past three years, Adams Natural Resources Fund, Inc. (PEO) and Linkage Global Inc - Class A (UZX) carry a correlation of -0.22, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PEO and UZX?
On 3 years of weekly data the PEO/UZX correlation comes out at -0.22, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.41) than the 3-year average (-0.22). The 5-year figure is n/a, and annualized covariance runs at -611.7 %².
UZX is close to the least connected end of PEO's tracked universe, ranking #40 of 42. Correlation aside, the last 12 months split them widely, with PEO ahead by 136.2 points (+41.6% versus -94.6%). Risk is not evenly split, since UZX carries 6.8 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.
PEO vs UZX: side by side
| PEO (Adams Natural Resources Fund, Inc.) | UZX (Linkage Global Inc - Class A) | |
|---|---|---|
| 1-year return | +41.6% | -94.6% |
| 5-year return | +179.3% | n/a |
| Volatility (ann.) | 20.2% | 137.7% |
| Beta vs S&P 500 | 0.30 | 0.09 |
| Max drawdown (3Y) | -18.9% | -99.8% |
| Market cap | $0.8B | – |
| P/E (trailing) | 4.8 | – |
| Dividend yield | 7.09% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PEO | UZX |
|---|---|---|
| 2022 | +41.8% | – |
| 2023 | +0.9% | – |
| 2024 | +13.6% | -71.7% |
| 2025 | +10.0% | -58.8% |
| 2026 | +38.5% | -93.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PEO and UZX good diversifiers for each other?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between PEO and UZX?
As of 2026-08-27, the correlation of weekly returns between PEO and UZX is -0.22 over 3 years, -0.41 over 1 year and n/a over 5 years.
Is UZX a good diversifier for PEO?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.22 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/peo-vs-uzx.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/peo-vs-uzx/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: PEO correlations · UZX correlations
