RJF vs UZX: Correlation
How closely do Raymond James Financial (RJF) and Linkage Global Inc - Class A (UZX) trade together? Their weekly returns over three years give a correlation of -0.27, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RJF and UZX?
Across a 3-year window, the weekly returns of RJF and UZX correlate at -0.27, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.44) runs below the 3-year figure (-0.27). Stretching to 5 years gives n/a, with an annualized covariance of -925.2 %².
Out of 29 assets tracked against RJF, UZX lands near the bottom at #26. Their recent paths diverged sharply: over the last 12 months RJF outperformed by 100.9 percentage points (+6.3% for RJF against -94.6% for UZX). Note the risk asymmetry: UZX runs 5.6 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.
RJF vs UZX: side by side
| RJF (Raymond James Financial) | UZX (Linkage Global Inc - Class A) | |
|---|---|---|
| 1-year return | +6.3% | -94.6% |
| 5-year return | +102.1% | n/a |
| Volatility (ann.) | 24.8% | 137.7% |
| Beta vs S&P 500 | 1.03 | 0.09 |
| Max drawdown (3Y) | -28.1% | -99.8% |
| Market cap | $33.8B | – |
| P/E (trailing) | 15.4 | – |
| Dividend yield | 1.20% | 0.00% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | RJF | UZX |
|---|---|---|
| 2022 | +8.3% | – |
| 2023 | +6.1% | – |
| 2024 | +40.8% | -71.7% |
| 2025 | +4.7% | -58.8% |
| 2026 | +10.8% | -93.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RJF and UZX good diversifiers for each other?
Yes: at -0.27, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between RJF and UZX?
As of 2026-08-27, the correlation of weekly returns between RJF and UZX is -0.27 over 3 years, -0.44 over 1 year and n/a over 5 years.
Is UZX a good diversifier for RJF?
Yes: at -0.27, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.27 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/rjf-vs-uzx.json
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Hubs: RJF correlations · UZX correlations
