CCNE vs UVSP: Correlation
CNB Financial Corporation (CCNE) and Univest Financial Corporation (UVSP) show a very strong relationship: their 3-year correlation of weekly returns is 0.85.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CCNE and UVSP?
Over the past 3 years, CCNE and UVSP moved with a correlation of 0.85, which is very strong, meaning they move nearly in lockstep. Recent behaviour matches the longer record: 0.85 over 1 year against 0.85 over 3. Over 5 years the correlation is 0.80, and the annualized covariance of weekly returns is 725.4 %².
Among the 27 assets we track against CCNE, UVSP ranks #5 by 3-year correlation. Neither side won the trailing year by much: +30.2% 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.
CCNE vs UVSP: side by side
| CCNE (CNB Financial Corporation) | UVSP (Univest Financial Corporation) | |
|---|---|---|
| 1-year return | +30.2% | +34.0% |
| 5-year return | +61.1% | +81.7% |
| Volatility (ann.) | 29.0% | 29.4% |
| Beta vs S&P 500 | 0.84 | 0.81 |
| Max drawdown (3Y) | -29.7% | -20.9% |
| Market cap | $1.0B | $1.1B |
| P/E (trailing) | 10.6 | 12.0 |
| Dividend yield | 2.18% | 2.16% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CCNE | UVSP |
|---|---|---|
| 2022 | -7.8% | -9.9% |
| 2023 | -1.6% | -12.1% |
| 2024 | +13.6% | +38.8% |
| 2025 | +8.4% | +14.3% |
| 2026 | +31.5% | +29.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CCNE and UVSP good diversifiers for each other?
Not really. At 0.85, the two trade almost as one position, and owning both buys little extra protection.
FAQ
What is the correlation between CCNE and UVSP?
As of 2026-08-27, the correlation of weekly returns between CCNE and UVSP is 0.85 over 3 years, 0.85 over 1 year and 0.80 over 5 years.
Is UVSP a good diversifier for CCNE?
Not really. At 0.85, the two trade almost as one position, and owning both buys little extra protection.
What does a correlation of 0.85 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/ccne-vs-uvsp.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ccne-vs-uvsp/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CCNE correlations · UVSP correlations
