CCBG vs UVSP: Correlation
Capital City Bank Group (CCBG) and Univest Financial Corporation (UVSP) show a very strong relationship: their 3-year correlation of weekly returns is 0.83.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CCBG and UVSP?
On 3 years of weekly data the CCBG/UVSP correlation comes out at 0.83, very strong, meaning they move nearly in lockstep. The relationship has been stable: the 1-year correlation (0.76) sits close to the 3-year figure. The 5-year figure is 0.73, and annualized covariance runs at 628.4 %².
UVSP is one of the assets that tracks CCBG most closely: it ranks #1 out of the 13 assets we track against CCBG. On 12-month performance UVSP holds a 14.1-point edge, +19.9% against +34.0%.
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.
CCBG vs UVSP: side by side
| CCBG (Capital City Bank Group) | UVSP (Univest Financial Corporation) | |
|---|---|---|
| 1-year return | +19.9% | +34.0% |
| 5-year return | +154.3% | +81.7% |
| Volatility (ann.) | 25.9% | 29.4% |
| Beta vs S&P 500 | 0.53 | 0.81 |
| Max drawdown (3Y) | -16.5% | -20.9% |
| Market cap | $0.9B | $1.1B |
| P/E (trailing) | 14.2 | 12.0 |
| Dividend yield | 2.08% | 2.16% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CCBG | UVSP |
|---|---|---|
| 2022 | +25.8% | -9.9% |
| 2023 | -7.1% | -12.1% |
| 2024 | +28.1% | +38.8% |
| 2025 | +19.1% | +14.3% |
| 2026 | +21.7% | +29.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CCBG and UVSP good diversifiers for each other?
No: a correlation of 0.83 means CCBG and UVSP tend to fall together, which is precisely when diversification is supposed to help.
FAQ
What is the correlation between CCBG and UVSP?
As of 2026-08-27, the correlation of weekly returns between CCBG and UVSP is 0.83 over 3 years, 0.76 over 1 year and 0.73 over 5 years.
Is UVSP a good diversifier for CCBG?
No: a correlation of 0.83 means CCBG and UVSP tend to fall together, which is precisely when diversification is supposed to help.
What does a correlation of 0.83 mean?
A reading of 0.83 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ccbg-vs-uvsp.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ccbg-vs-uvsp/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CCBG correlations · UVSP correlations
