SIGI vs UZX: Correlation
Selective Insurance Group, Inc. (SIGI) and Linkage Global Inc - Class A (UZX) show a negative relationship: their 3-year correlation of weekly returns is -0.32.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SIGI and UZX?
Over the past 3 years, SIGI and UZX moved with a correlation of -0.32, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.29 lands near the 3-year figure. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -1164.7 %².
Out of 16 assets tracked against SIGI, UZX lands near the bottom at #16. Correlation aside, the last 12 months split them widely, with SIGI ahead by 113.7 points (+19.1% versus -94.6%). Risk is not evenly split, since UZX carries 5.4 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.
SIGI vs UZX: side by side
| SIGI (Selective Insurance Group, Inc.) | UZX (Linkage Global Inc - Class A) | |
|---|---|---|
| 1-year return | +19.1% | -94.6% |
| 5-year return | +18.8% | n/a |
| Volatility (ann.) | 25.4% | 137.7% |
| Beta vs S&P 500 | 0.32 | 0.09 |
| Max drawdown (3Y) | -30.5% | -99.8% |
| Market cap | $5.5B | – |
| P/E (trailing) | 11.5 | – |
| Dividend yield | 1.81% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SIGI | UZX |
|---|---|---|
| 2022 | +9.7% | – |
| 2023 | +13.7% | – |
| 2024 | -4.6% | -71.7% |
| 2025 | -8.8% | -58.8% |
| 2026 | +11.9% | -93.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SIGI and UZX good diversifiers for each other?
Yes: at -0.32, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between SIGI and UZX?
The SIGI/UZX correlation stands at -0.32 on a 3-year window (1 year: -0.29, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is UZX a good diversifier for SIGI?
Yes: at -0.32, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.32 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/sigi-vs-uzx.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/sigi-vs-uzx/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: SIGI correlations · UZX correlations
