CPF vs UVSP: Correlation
Measured on weekly returns over the past three years, Central Pacific Financial Corp New (CPF) and Univest Financial Corporation (UVSP) carry a correlation of 0.86, a very strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CPF and UVSP?
Across a 3-year window, the weekly returns of CPF and UVSP correlate at 0.86, very strong, meaning they move nearly in lockstep. Little has changed lately, as the 1-year reading of 0.85 lands near the 3-year figure. Stretching to 5 years gives 0.78, with an annualized covariance of 672.1 %².
Among the 19 assets we track against CPF, UVSP ranks #5 by 3-year correlation. Over the last 12 months UVSP came out ahead by 9.6 percentage points (+24.4% 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.
CPF vs UVSP: side by side
| CPF (Central Pacific Financial Corp New) | UVSP (Univest Financial Corporation) | |
|---|---|---|
| 1-year return | +24.4% | +34.0% |
| 5-year return | +85.5% | +81.7% |
| Volatility (ann.) | 26.5% | 29.4% |
| Beta vs S&P 500 | 0.84 | 0.81 |
| Max drawdown (3Y) | -25.2% | -20.9% |
| Market cap | $1.0B | $1.1B |
| P/E (trailing) | 12.2 | 12.0 |
| Dividend yield | 2.97% | 2.16% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CPF | UVSP |
|---|---|---|
| 2022 | -24.7% | -9.9% |
| 2023 | +2.9% | -12.1% |
| 2024 | +54.3% | +38.8% |
| 2025 | +11.3% | +14.3% |
| 2026 | +23.5% | +29.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CPF and UVSP good diversifiers for each other?
No. With a correlation of 0.86, CPF and UVSP move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between CPF and UVSP?
As of 2026-08-27, the correlation of weekly returns between CPF and UVSP is 0.86 over 3 years, 0.85 over 1 year and 0.78 over 5 years.
Is UVSP a good diversifier for CPF?
No. With a correlation of 0.86, CPF and UVSP move nearly in lockstep, so holding both adds very little diversification.
What does a correlation of 0.86 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/cpf-vs-uvsp.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cpf-vs-uvsp/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CPF correlations · UVSP correlations
