CARE vs UVSP: Correlation
Carter Bankshares, Inc. (CARE) and Univest Financial Corporation (UVSP) show a strong relationship: their 3-year correlation of weekly returns is 0.75.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CARE and UVSP?
On 3 years of weekly data the CARE/UVSP correlation comes out at 0.75, strong. Lately the two have drifted apart, with the 1-year correlation at 0.60 versus 0.75 over 3 years. The 5-year figure is 0.68, and annualized covariance runs at 680.6 %².
UVSP is one of the assets that tracks CARE most closely: it ranks #2 out of the 14 assets we track against CARE. The last year tells two different stories: CARE led by 31.7 percentage points, +65.7% for CARE 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.
CARE vs UVSP: side by side
| CARE (Carter Bankshares, Inc.) | UVSP (Univest Financial Corporation) | |
|---|---|---|
| 1-year return | +65.7% | +34.0% |
| 5-year return | +167.6% | +81.7% |
| Volatility (ann.) | 30.7% | 29.4% |
| Beta vs S&P 500 | 0.64 | 0.81 |
| Max drawdown (3Y) | -31.7% | -20.9% |
| Market cap | $0.7B | $1.1B |
| P/E (trailing) | 5.5 | 12.0 |
| Dividend yield | 0.32% | 2.16% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CARE | UVSP |
|---|---|---|
| 2022 | +7.8% | -9.9% |
| 2023 | -9.8% | -12.1% |
| 2024 | +17.5% | +38.8% |
| 2025 | +11.8% | +14.3% |
| 2026 | +64.1% | +29.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CARE and UVSP good diversifiers for each other?
Only partially. A correlation of 0.75 means CARE and UVSP share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between CARE and UVSP?
The CARE/UVSP correlation stands at 0.75 on a 3-year window (1 year: 0.60, 5 years: 0.68), computed from weekly returns as of 2026-08-27.
Is UVSP a good diversifier for CARE?
Only partially. A correlation of 0.75 means CARE and UVSP share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.75 mean?
On the −1 to +1 scale, 0.75 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/care-vs-uvsp.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/care-vs-uvsp/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CARE correlations · UVSP correlations
