UZX vs WTI: Correlation
Measured on weekly returns over the past three years, Linkage Global Inc - Class A (UZX) and W&T Offshore, Inc. (WTI) carry a correlation of -0.25, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are UZX and WTI?
Across a 3-year window, the weekly returns of UZX and WTI correlate at -0.25, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.53) runs below the 3-year figure (-0.25). Stretching to 5 years gives n/a, with an annualized covariance of -2286.4 %².
Among the 49 assets we track against UZX, WTI ranks #38 by 3-year correlation. Correlation aside, the last 12 months split them widely, with WTI ahead by 199.5 points (-94.6% versus +104.9%). One caveat on sizing: UZX is 2.1 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 WTI: side by side
| UZX (Linkage Global Inc - Class A) | WTI (W&T Offshore, Inc.) | |
|---|---|---|
| 1-year return | -94.6% | +104.9% |
| 5-year return | n/a | +18.8% |
| Volatility (ann.) | 137.7% | 64.6% |
| Beta vs S&P 500 | 0.09 | 0.24 |
| Max drawdown (3Y) | -99.8% | -74.3% |
| Market cap | – | $0.6B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 1.12% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | UZX | WTI |
|---|---|---|
| 2022 | – | +72.8% |
| 2023 | – | -41.4% |
| 2024 | -71.7% | -48.2% |
| 2025 | -58.8% | +0.6% |
| 2026 | -93.3% | +126.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are UZX and WTI good diversifiers for each other?
Yes. With a correlation of -0.25, UZX and WTI have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between UZX and WTI?
The UZX/WTI correlation stands at -0.25 on a 3-year window (1 year: -0.53, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is WTI a good diversifier for UZX?
Yes. With a correlation of -0.25, UZX and WTI have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.25 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/uzx-vs-wti.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/uzx-vs-wti/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: UZX correlations · WTI correlations
