FCF vs UVSP: Correlation
First Commonwealth Financial Corporation (FCF) and Univest Financial Corporation (UVSP) show a very strong relationship: their 3-year correlation of weekly returns is 0.89.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FCF and UVSP?
Over the past 3 years, FCF and UVSP moved with a correlation of 0.89, which is very strong, meaning they move nearly in lockstep. Recent behaviour matches the longer record: 0.84 over 1 year against 0.89 over 3. Over 5 years the correlation is 0.82, and the annualized covariance of weekly returns is 701.5 %².
By 3-year correlation, UVSP places #13 of the 64 assets tracked against FCF. Over the last 12 months UVSP came out ahead by 13.7 percentage points (+20.3% 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.
FCF vs UVSP: side by side
| FCF (First Commonwealth Financial Corporation) | UVSP (Univest Financial Corporation) | |
|---|---|---|
| 1-year return | +20.3% | +34.0% |
| 5-year return | +83.7% | +81.7% |
| Volatility (ann.) | 26.9% | 29.4% |
| Beta vs S&P 500 | 0.72 | 0.81 |
| Max drawdown (3Y) | -26.9% | -20.9% |
| Market cap | $2.1B | $1.1B |
| P/E (trailing) | 12.7 | 12.0 |
| Dividend yield | 2.64% | 2.16% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FCF | UVSP |
|---|---|---|
| 2022 | -10.3% | -9.9% |
| 2023 | +14.8% | -12.1% |
| 2024 | +13.4% | +38.8% |
| 2025 | +3.0% | +14.3% |
| 2026 | +26.0% | +29.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FCF and UVSP good diversifiers for each other?
No. With a correlation of 0.89, FCF and UVSP move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between FCF and UVSP?
The FCF/UVSP correlation stands at 0.89 on a 3-year window (1 year: 0.84, 5 years: 0.82), computed from weekly returns as of 2026-08-27.
Is UVSP a good diversifier for FCF?
No. With a correlation of 0.89, FCF and UVSP move nearly in lockstep, so holding both adds very little diversification.
What does a correlation of 0.89 mean?
A reading of 0.89 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/fcf-vs-uvsp.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fcf-vs-uvsp/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FCF correlations · UVSP correlations
