HAFC vs UVSP: Correlation
Hanmi Financial Corporation (HAFC) and Univest Financial Corporation (UVSP) show a very strong relationship: their 3-year correlation of weekly returns is 0.84.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HAFC and UVSP?
Over the past 3 years, HAFC and UVSP moved with a correlation of 0.84, which is very strong, meaning they move nearly in lockstep. Recent behaviour matches the longer record: 0.79 over 1 year against 0.84 over 3. Over 5 years the correlation is 0.79, and the annualized covariance of weekly returns is 800.8 %².
Few assets follow HAFC as closely as UVSP, which ranks #1 of 13 tracked partners. Over the last 12 months UVSP came out ahead by 6.7 percentage points (+27.3% 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.
HAFC vs UVSP: side by side
| HAFC (Hanmi Financial Corporation) | UVSP (Univest Financial Corporation) | |
|---|---|---|
| 1-year return | +27.3% | +34.0% |
| 5-year return | +104.5% | +81.7% |
| Volatility (ann.) | 32.5% | 29.4% |
| Beta vs S&P 500 | 0.90 | 0.81 |
| Max drawdown (3Y) | -26.9% | -20.9% |
| Market cap | $0.9B | $1.1B |
| P/E (trailing) | 10.5 | 12.0 |
| Dividend yield | 3.54% | 2.16% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HAFC | UVSP |
|---|---|---|
| 2022 | +8.5% | -9.9% |
| 2023 | -17.0% | -12.1% |
| 2024 | +28.7% | +38.8% |
| 2025 | +19.7% | +14.3% |
| 2026 | +18.5% | +29.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HAFC and UVSP good diversifiers for each other?
No: a correlation of 0.84 means HAFC and UVSP tend to fall together, which is precisely when diversification is supposed to help.
FAQ
What is the correlation between HAFC and UVSP?
As of 2026-08-27, the correlation of weekly returns between HAFC and UVSP is 0.84 over 3 years, 0.79 over 1 year and 0.79 over 5 years.
Is UVSP a good diversifier for HAFC?
No: a correlation of 0.84 means HAFC and UVSP tend to fall together, which is precisely when diversification is supposed to help.
What does a correlation of 0.84 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/hafc-vs-uvsp.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/hafc-vs-uvsp/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: HAFC correlations · UVSP correlations
