UZX vs WRB: Correlation
How closely do Linkage Global Inc - Class A (UZX) and W. R. Berkley Corporation (WRB) trade together? Their weekly returns over three years give a correlation of -0.23, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are UZX and WRB?
On 3 years of weekly data the UZX/WRB correlation comes out at -0.23, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.30 over 1 year against -0.23 over 3. The 5-year figure is n/a, and annualized covariance runs at -734.9 %².
Within UZX's tracked universe of 49 assets, WRB comes in at #32 by 3-year correlation. Correlation aside, the last 12 months split them widely, with WRB ahead by 92.6 points (-94.6% versus -2.0%). Risk is not evenly split, since UZX carries 6.1 times the volatility of the other side.
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 WRB: side by side
| UZX (Linkage Global Inc - Class A) | WRB (W. R. Berkley Corporation) | |
|---|---|---|
| 1-year return | -94.6% | -2.0% |
| 5-year return | n/a | +130.5% |
| Volatility (ann.) | 137.7% | 22.5% |
| Beta vs S&P 500 | 0.09 | 0.19 |
| Max drawdown (3Y) | -99.8% | -17.6% |
| Market cap | – | $25.4B |
| P/E (trailing) | – | 14.1 |
| Dividend yield | 0.00% | 0.54% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | UZX | WRB |
|---|---|---|
| 2022 | – | +33.9% |
| 2023 | – | +0.2% |
| 2024 | -71.7% | +27.2% |
| 2025 | -58.8% | +23.0% |
| 2026 | -93.3% | -1.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are UZX and WRB good diversifiers for each other?
Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between UZX and WRB?
The UZX/WRB correlation stands at -0.23 on a 3-year window (1 year: -0.30, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is WRB a good diversifier for UZX?
Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.23 mean?
On the −1 to +1 scale, -0.23 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/uzx-vs-wrb.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/uzx-vs-wrb/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: UZX correlations · WRB correlations
