UZX vs WKC: Correlation
Linkage Global Inc - Class A (UZX) and World Kinect Corporation (WKC) show a negative relationship: their 3-year correlation of weekly returns is -0.25.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are UZX and WKC?
Across a 3-year window, the weekly returns of UZX and WKC correlate at -0.25, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.30 over 1 year against -0.25 over 3. Stretching to 5 years gives n/a, with an annualized covariance of -1023.1 %².
Within UZX's tracked universe of 49 assets, WKC comes in at #37 by 3-year correlation. Correlation aside, the last 12 months split them widely, with WKC ahead by 131.1 points (-94.6% versus +36.5%). One caveat on sizing: UZX is 4.4 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 WKC: side by side
| UZX (Linkage Global Inc - Class A) | WKC (World Kinect Corporation) | |
|---|---|---|
| 1-year return | -94.6% | +36.5% |
| 5-year return | n/a | +26.9% |
| Volatility (ann.) | 137.7% | 31.0% |
| Beta vs S&P 500 | 0.09 | 0.78 |
| Max drawdown (3Y) | -99.8% | -25.4% |
| Market cap | – | $1.8B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 2.30% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | UZX | WKC |
|---|---|---|
| 2022 | – | +5.3% |
| 2023 | – | -14.6% |
| 2024 | -71.7% | +23.8% |
| 2025 | -58.8% | -12.3% |
| 2026 | -93.3% | +55.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are UZX and WKC good diversifiers for each other?
Yes: at -0.25, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between UZX and WKC?
As of 2026-08-27, the correlation of weekly returns between UZX and WKC is -0.25 over 3 years, -0.30 over 1 year and n/a over 5 years.
Is WKC a good diversifier for UZX?
Yes: at -0.25, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.25 mean?
A reading of -0.25 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/uzx-vs-wkc.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/uzx-vs-wkc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: UZX correlations · WKC correlations
