TRV vs UZX: Correlation
How closely do Travelers Companies (The) (TRV) and Linkage Global Inc - Class A (UZX) trade together? Their weekly returns over three years give a correlation of -0.21, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TRV and UZX?
On 3 years of weekly data the TRV/UZX correlation comes out at -0.21, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.25 over 1 year against -0.21 over 3. The 5-year figure is n/a, and annualized covariance runs at -610.8 %².
UZX is close to the least connected end of TRV's tracked universe, ranking #26 of 29. The last year tells two different stories: TRV led by 132.4 percentage points, +37.8% for TRV against -94.6% for UZX. Note the risk asymmetry: UZX runs 6.6 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.
TRV vs UZX: side by side
| TRV (Travelers Companies (The)) | UZX (Linkage Global Inc - Class A) | |
|---|---|---|
| 1-year return | +37.8% | -94.6% |
| 5-year return | +155.3% | n/a |
| Volatility (ann.) | 20.8% | 137.7% |
| Beta vs S&P 500 | 0.36 | 0.09 |
| Max drawdown (3Y) | -12.5% | -99.8% |
| Market cap | $77.0B | – |
| P/E (trailing) | 10.0 | – |
| Dividend yield | 1.23% | 0.00% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | TRV | UZX |
|---|---|---|
| 2022 | +22.4% | – |
| 2023 | +3.9% | – |
| 2024 | +28.8% | -71.7% |
| 2025 | +22.4% | -58.8% |
| 2026 | +28.3% | -93.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TRV and UZX good diversifiers for each other?
Yes: at -0.21, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between TRV and UZX?
Using weekly returns as of 2026-08-27: -0.21 over 3 years, with -0.25 over the last year and n/a over 5 years.
Is UZX a good diversifier for TRV?
Yes: at -0.21, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.21 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/trv-vs-uzx.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/trv-vs-uzx/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: TRV correlations · UZX correlations
