PSX vs UZX: Correlation
Measured on weekly returns over the past three years, Phillips 66 (PSX) and Linkage Global Inc - Class A (UZX) carry a correlation of -0.17, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PSX and UZX?
On 3 years of weekly data the PSX/UZX correlation comes out at -0.17, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.24 over 1 year against -0.17 over 3. The 5-year figure is n/a, and annualized covariance runs at -771.5 %².
Within PSX's tracked universe of 34 assets, UZX comes in at #26 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months PSX outperformed by 180.8 percentage points (+86.2% for PSX against -94.6% for UZX). One caveat on sizing: UZX is 4.1 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.
PSX vs UZX: side by side
| PSX (Phillips 66) | UZX (Linkage Global Inc - Class A) | |
|---|---|---|
| 1-year return | +86.2% | -94.6% |
| 5-year return | +301.8% | n/a |
| Volatility (ann.) | 33.4% | 137.7% |
| Beta vs S&P 500 | 0.58 | 0.09 |
| Max drawdown (3Y) | -44.4% | -99.8% |
| Market cap | $96.1B | – |
| P/E (trailing) | 13.8 | – |
| Dividend yield | 2.04% | 0.00% |
| Sector / category | Energy | US Listed |
Year-by-year returns
| Year | PSX | UZX |
|---|---|---|
| 2022 | +49.6% | – |
| 2023 | +33.1% | – |
| 2024 | -11.6% | -71.7% |
| 2025 | +17.5% | -58.8% |
| 2026 | +89.7% | -93.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PSX and UZX good diversifiers for each other?
Yes. With a correlation of -0.17, PSX and UZX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between PSX and UZX?
Using weekly returns as of 2026-08-27: -0.17 over 3 years, with -0.24 over the last year and n/a over 5 years.
Is UZX a good diversifier for PSX?
Yes. With a correlation of -0.17, PSX and UZX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.17 mean?
On the −1 to +1 scale, -0.17 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/psx-vs-uzx.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/psx-vs-uzx/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: PSX correlations · UZX correlations
