BMI vs UVSP: Correlation
How closely do Badger Meter, Inc. (BMI) and Univest Financial Corporation (UVSP) trade together? Their weekly returns over three years give a correlation of 0.44, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BMI and UVSP?
Across a 3-year window, the weekly returns of BMI and UVSP correlate at 0.44, moderate. The past 12 months show a weaker link (0.27) than the 3-year average (0.44). Stretching to 5 years gives 0.39, with an annualized covariance of 468.9 %².
Within BMI's tracked universe of 15 assets, UVSP comes in at #5 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months UVSP outperformed by 60.1 percentage points (-26.1% for BMI against +34.0% for UVSP).
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.
BMI vs UVSP: side by side
| BMI (Badger Meter, Inc.) | UVSP (Univest Financial Corporation) | |
|---|---|---|
| 1-year return | -26.1% | +34.0% |
| 5-year return | +33.9% | +81.7% |
| Volatility (ann.) | 35.9% | 29.4% |
| Beta vs S&P 500 | 0.62 | 0.81 |
| Max drawdown (3Y) | -55.1% | -20.9% |
| Market cap | $4.0B | $1.1B |
| P/E (trailing) | 32.1 | 12.0 |
| Dividend yield | 1.17% | 2.16% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BMI | UVSP |
|---|---|---|
| 2022 | +3.2% | -9.9% |
| 2023 | +42.6% | -12.1% |
| 2024 | +38.3% | +38.8% |
| 2025 | -17.2% | +14.3% |
| 2026 | -20.3% | +29.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BMI and UVSP good diversifiers for each other?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between BMI and UVSP?
As of 2026-08-27, the correlation of weekly returns between BMI and UVSP is 0.44 over 3 years, 0.27 over 1 year and 0.39 over 5 years.
Is UVSP a good diversifier for BMI?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.44 mean?
On the −1 to +1 scale, 0.44 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/bmi-vs-uvsp.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bmi-vs-uvsp/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BMI correlations · UVSP correlations
