URI vs UZX: Correlation
Measured on weekly returns over the past three years, United Rentals (URI) and Linkage Global Inc - Class A (UZX) carry a correlation of -0.15, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are URI and UZX?
On 3 years of weekly data the URI/UZX correlation comes out at -0.15, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.24) sits close to the 3-year figure. The 5-year figure is n/a, and annualized covariance runs at -806.6 %².
Among the 37 assets we track against URI, UZX ranks #29 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months URI outperformed by 104.8 percentage points (+10.2% for URI against -94.6% for UZX). Note the risk asymmetry: UZX runs 3.5 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.
URI vs UZX: side by side
| URI (United Rentals) | UZX (Linkage Global Inc - Class A) | |
|---|---|---|
| 1-year return | +10.2% | -94.6% |
| 5-year return | +204.1% | n/a |
| Volatility (ann.) | 39.5% | 137.7% |
| Beta vs S&P 500 | 1.42 | 0.09 |
| Max drawdown (3Y) | -37.0% | -99.8% |
| Market cap | $64.6B | – |
| P/E (trailing) | 25.4 | – |
| Dividend yield | 0.71% | 0.00% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | URI | UZX |
|---|---|---|
| 2022 | +7.0% | – |
| 2023 | +63.6% | – |
| 2024 | +24.0% | -71.7% |
| 2025 | +15.9% | -58.8% |
| 2026 | +29.0% | -93.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are URI and UZX good diversifiers for each other?
By historical standards, yes. A correlation of -0.15 means the two rarely move for the same reasons.
FAQ
What is the correlation between URI and UZX?
The URI/UZX correlation stands at -0.15 on a 3-year window (1 year: -0.24, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is UZX a good diversifier for URI?
By historical standards, yes. A correlation of -0.15 means the two rarely move for the same reasons.
What does a correlation of -0.15 mean?
On the −1 to +1 scale, -0.15 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/uri-vs-uzx.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/uri-vs-uzx/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: URI correlations · UZX correlations
