SLB vs UZX: Correlation
Measured on weekly returns over the past three years, Schlumberger (SLB) and Linkage Global Inc - Class A (UZX) carry a correlation of -0.16, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SLB and UZX?
Over the past 3 years, SLB and UZX moved with a correlation of -0.16, which is negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.26) sits close to the 3-year figure. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -796.7 %².
Within SLB's tracked universe of 35 assets, UZX comes in at #28 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months SLB outperformed by 151.7 percentage points (+57.1% for SLB against -94.6% for UZX). Note the risk asymmetry: UZX runs 3.9 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.
SLB vs UZX: side by side
| SLB (Schlumberger) | UZX (Linkage Global Inc - Class A) | |
|---|---|---|
| 1-year return | +57.1% | -94.6% |
| 5-year return | +117.1% | n/a |
| Volatility (ann.) | 35.1% | 137.7% |
| Beta vs S&P 500 | 0.57 | 0.09 |
| Max drawdown (3Y) | -46.6% | -99.8% |
| Market cap | $81.6B | – |
| P/E (trailing) | 26.2 | – |
| Dividend yield | 2.16% | 0.00% |
| Sector / category | Energy | US Listed |
Year-by-year returns
| Year | SLB | UZX |
|---|---|---|
| 2022 | +81.2% | – |
| 2023 | -0.8% | – |
| 2024 | -24.5% | -71.7% |
| 2025 | +3.3% | -58.8% |
| 2026 | +44.9% | -93.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SLB and UZX good diversifiers for each other?
By historical standards, yes. A correlation of -0.16 means the two rarely move for the same reasons.
FAQ
What is the correlation between SLB and UZX?
Using weekly returns as of 2026-08-27: -0.16 over 3 years, with -0.26 over the last year and n/a over 5 years.
Is UZX a good diversifier for SLB?
By historical standards, yes. A correlation of -0.16 means the two rarely move for the same reasons.
What does a correlation of -0.16 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/slb-vs-uzx.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/slb-vs-uzx/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: SLB correlations · UZX correlations
