SCHW vs UZX: Correlation
How closely do Charles Schwab Corporation (SCHW) and Linkage Global Inc - Class A (UZX) trade together? Their weekly returns over three years give a correlation of -0.29, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SCHW and UZX?
On 3 years of weekly data the SCHW/UZX correlation comes out at -0.29, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.32 over 1 year against -0.29 over 3. The 5-year figure is n/a, and annualized covariance runs at -1023.5 %².
Among the 27 assets we track against SCHW, UZX sits near the bottom by co-movement, at rank #23. The last year tells two different stories: SCHW led by 107.6 percentage points, +13.0% for SCHW against -94.6% for UZX. Risk is not evenly split, since UZX carries 5.0 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.
SCHW vs UZX: side by side
| SCHW (Charles Schwab Corporation) | UZX (Linkage Global Inc - Class A) | |
|---|---|---|
| 1-year return | +13.0% | -94.6% |
| 5-year return | +57.3% | n/a |
| Volatility (ann.) | 27.8% | 137.7% |
| Beta vs S&P 500 | 0.93 | 0.09 |
| Max drawdown (3Y) | -21.4% | -99.8% |
| Market cap | $186.9B | – |
| P/E (trailing) | 19.9 | – |
| Dividend yield | 1.08% | 0.00% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | SCHW | UZX |
|---|---|---|
| 2022 | +0.1% | – |
| 2023 | -16.0% | – |
| 2024 | +9.2% | -71.7% |
| 2025 | +36.6% | -58.8% |
| 2026 | +9.2% | -93.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SCHW and UZX good diversifiers for each other?
Yes. With a correlation of -0.29, SCHW and UZX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between SCHW and UZX?
The SCHW/UZX correlation stands at -0.29 on a 3-year window (1 year: -0.32, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is UZX a good diversifier for SCHW?
Yes. With a correlation of -0.29, SCHW and UZX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.29 mean?
A reading of -0.29 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/schw-vs-uzx.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/schw-vs-uzx/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: SCHW correlations · UZX correlations
