FULT vs UVSP: Correlation
Measured on weekly returns over the past three years, Fulton Financial Corporation (FULT) and Univest Financial Corporation (UVSP) carry a correlation of 0.88, a very strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FULT and UVSP?
Over the past 3 years, FULT and UVSP moved with a correlation of 0.88, which is very strong, meaning they move nearly in lockstep. Recent behaviour matches the longer record: 0.88 over 1 year against 0.88 over 3. Over 5 years the correlation is 0.86, and the annualized covariance of weekly returns is 788.4 %².
Among the 45 assets we track against FULT, UVSP ranks #14 by 3-year correlation. The trailing year gives UVSP the advantage: +24.1% versus +34.0%, a 9.9-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.
FULT vs UVSP: side by side
| FULT (Fulton Financial Corporation) | UVSP (Univest Financial Corporation) | |
|---|---|---|
| 1-year return | +24.1% | +34.0% |
| 5-year return | +85.0% | +81.7% |
| Volatility (ann.) | 30.3% | 29.4% |
| Beta vs S&P 500 | 1.03 | 0.81 |
| Max drawdown (3Y) | -29.9% | -20.9% |
| Market cap | $4.5B | $1.1B |
| P/E (trailing) | 11.4 | 12.0 |
| Dividend yield | 3.15% | 2.16% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FULT | UVSP |
|---|---|---|
| 2022 | +3.1% | -9.9% |
| 2023 | +2.5% | -12.1% |
| 2024 | +21.9% | +38.8% |
| 2025 | +4.3% | +14.3% |
| 2026 | +25.0% | +29.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FULT and UVSP good diversifiers for each other?
No. With a correlation of 0.88, FULT and UVSP move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between FULT and UVSP?
Using weekly returns as of 2026-08-27: 0.88 over 3 years, with 0.88 over the last year and 0.86 over 5 years.
Is UVSP a good diversifier for FULT?
No. With a correlation of 0.88, FULT and UVSP move nearly in lockstep, so holding both adds very little diversification.
What does a correlation of 0.88 mean?
A reading of 0.88 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/fult-vs-uvsp.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fult-vs-uvsp/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FULT correlations · UVSP correlations
