FMBH vs UVSP: Correlation
First Mid Bancshares, Inc. (FMBH) and Univest Financial Corporation (UVSP) show a very strong relationship: their 3-year correlation of weekly returns is 0.88.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FMBH and UVSP?
Across a 3-year window, the weekly returns of FMBH and UVSP correlate at 0.88, very strong, meaning they move nearly in lockstep. Little has changed lately, as the 1-year reading of 0.91 lands near the 3-year figure. Stretching to 5 years gives 0.82, with an annualized covariance of 675.4 %².
Among the 56 assets we track against FMBH, UVSP ranks #8 by 3-year correlation. The trailing year gives UVSP the advantage: +26.9% versus +34.0%, a 7.1-point spread.
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.
FMBH vs UVSP: side by side
| FMBH (First Mid Bancshares, Inc.) | UVSP (Univest Financial Corporation) | |
|---|---|---|
| 1-year return | +26.9% | +34.0% |
| 5-year return | +40.9% | +81.7% |
| Volatility (ann.) | 26.0% | 29.4% |
| Beta vs S&P 500 | 0.76 | 0.81 |
| Max drawdown (3Y) | -27.5% | -20.9% |
| Market cap | $1.3B | $1.1B |
| P/E (trailing) | 12.5 | 12.0 |
| Dividend yield | 1.99% | 2.16% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FMBH | UVSP |
|---|---|---|
| 2022 | -23.2% | -9.9% |
| 2023 | +11.6% | -12.1% |
| 2024 | +9.1% | +38.8% |
| 2025 | +8.7% | +14.3% |
| 2026 | +31.1% | +29.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FMBH and UVSP good diversifiers for each other?
No. With a correlation of 0.88, FMBH and UVSP move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between FMBH and UVSP?
Using weekly returns as of 2026-08-27: 0.88 over 3 years, with 0.91 over the last year and 0.82 over 5 years.
Is UVSP a good diversifier for FMBH?
No. With a correlation of 0.88, FMBH and UVSP move nearly in lockstep, so holding both adds very little diversification.
What does a correlation of 0.88 mean?
On the −1 to +1 scale, 0.88 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/fmbh-vs-uvsp.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fmbh-vs-uvsp/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FMBH correlations · UVSP correlations
