BY vs UVSP: Correlation
Measured on weekly returns over the past three years, Byline Bancorp, Inc. (BY) and Univest Financial Corporation (UVSP) carry a correlation of 0.89, a very strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BY and UVSP?
Across a 3-year window, the weekly returns of BY and UVSP correlate at 0.89, very strong, meaning they move nearly in lockstep. The relationship has been stable: the 1-year correlation (0.89) sits close to the 3-year figure. Stretching to 5 years gives 0.82, with an annualized covariance of 704.6 %².
Among the 70 assets we track against BY, UVSP ranks #7 by 3-year correlation. Twelve-month performance is nearly a tie, at +32.5% for BY and +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.
BY vs UVSP: side by side
| BY (Byline Bancorp, Inc.) | UVSP (Univest Financial Corporation) | |
|---|---|---|
| 1-year return | +32.5% | +34.0% |
| 5-year return | +66.2% | +81.7% |
| Volatility (ann.) | 26.8% | 29.4% |
| Beta vs S&P 500 | 0.80 | 0.81 |
| Max drawdown (3Y) | -27.2% | -20.9% |
| Market cap | $1.7B | $1.1B |
| P/E (trailing) | 11.5 | 12.0 |
| Dividend yield | 1.15% | 2.16% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BY | UVSP |
|---|---|---|
| 2022 | -14.7% | -9.9% |
| 2023 | +4.3% | -12.1% |
| 2024 | +25.0% | +38.8% |
| 2025 | +2.0% | +14.3% |
| 2026 | +32.7% | +29.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BY and UVSP good diversifiers for each other?
Not really. At 0.89, the two trade almost as one position, and owning both buys little extra protection.
FAQ
What is the correlation between BY and UVSP?
The BY/UVSP correlation stands at 0.89 on a 3-year window (1 year: 0.89, 5 years: 0.82), computed from weekly returns as of 2026-08-27.
Is UVSP a good diversifier for BY?
Not really. At 0.89, the two trade almost as one position, and owning both buys little extra protection.
What does a correlation of 0.89 mean?
On the −1 to +1 scale, 0.89 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/by-vs-uvsp.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/by-vs-uvsp/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BY correlations · UVSP correlations
