TORO vs UZX: Correlation
Toro Corp. (TORO) and Linkage Global Inc - Class A (UZX) show a negative relationship: their 3-year correlation of weekly returns is -0.20.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TORO and UZX?
Across a 3-year window, the weekly returns of TORO and UZX correlate at -0.20, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.32) than the 3-year average (-0.20). Stretching to 5 years gives n/a, with an annualized covariance of -2244.5 %².
Among the 13 assets we track against TORO, UZX sits near the bottom by co-movement, at rank #11. Their recent paths diverged sharply: over the last 12 months TORO outperformed by 370.9 percentage points (+276.3% for TORO against -94.6% for UZX). Note the risk asymmetry: UZX runs 1.8 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.
TORO vs UZX: side by side
| TORO (Toro Corp.) | UZX (Linkage Global Inc - Class A) | |
|---|---|---|
| 1-year return | +276.3% | -94.6% |
| 5-year return | n/a | n/a |
| Volatility (ann.) | 78.4% | 137.7% |
| Beta vs S&P 500 | 0.97 | 0.09 |
| Max drawdown (3Y) | -71.5% | -99.8% |
| Market cap | $0.2B | – |
| P/E (trailing) | 311.5 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | TORO | UZX |
|---|---|---|
| 2024 | -42.9% | -71.7% |
| 2025 | +87.9% | -58.8% |
| 2026 | +96.7% | -93.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TORO and UZX good diversifiers for each other?
Yes. With a correlation of -0.20, TORO and UZX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between TORO and UZX?
Using weekly returns as of 2026-08-27: -0.20 over 3 years, with -0.32 over the last year and n/a over 5 years.
Is UZX a good diversifier for TORO?
Yes. With a correlation of -0.20, TORO and UZX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.20 mean?
A reading of -0.20 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/toro-vs-uzx.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/toro-vs-uzx/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: TORO correlations · UZX correlations
