UZX vs WIA: Correlation
Measured on weekly returns over the past three years, Linkage Global Inc - Class A (UZX) and Western Asset Inflation-Linked Income Fund (WIA) carry a correlation of -0.23, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are UZX and WIA?
Across a 3-year window, the weekly returns of UZX and WIA correlate at -0.23, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (0.13) than the 3-year average (-0.23). Stretching to 5 years gives n/a, with an annualized covariance of -192.8 %².
By 3-year correlation, WIA places #31 of the 49 assets tracked against UZX. Correlation aside, the last 12 months split them widely, with WIA ahead by 96.7 points (-94.6% versus +2.1%). Note the risk asymmetry: UZX runs 19.1 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.
UZX vs WIA: side by side
| UZX (Linkage Global Inc - Class A) | WIA (Western Asset Inflation-Linked Income Fund) | |
|---|---|---|
| 1-year return | -94.6% | +2.1% |
| 5-year return | n/a | -3.9% |
| Volatility (ann.) | 137.7% | 7.2% |
| Beta vs S&P 500 | 0.09 | 0.20 |
| Max drawdown (3Y) | -99.8% | -6.4% |
| Market cap | – | $0.2B |
| P/E (trailing) | – | 14.0 |
| Dividend yield | 0.00% | 7.83% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | UZX | WIA |
|---|---|---|
| 2022 | – | -25.8% |
| 2023 | – | +5.0% |
| 2024 | -71.7% | +6.1% |
| 2025 | -58.8% | +11.4% |
| 2026 | -93.3% | +1.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are UZX and WIA good diversifiers for each other?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
FAQ
What is the correlation between UZX and WIA?
As of 2026-08-27, the correlation of weekly returns between UZX and WIA is -0.23 over 3 years, 0.13 over 1 year and n/a over 5 years.
Is WIA a good diversifier for UZX?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
What does a correlation of -0.23 mean?
A reading of -0.23 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
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Embed this badge (it refreshes with the data), with attribution:
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Related comparisons
Hubs: UZX correlations · WIA correlations
