MPB vs UVSP: Correlation
How closely do Mid Penn Bancorp (MPB) and Univest Financial Corporation (UVSP) trade together? Their weekly returns over three years give a correlation of 0.82, which is very strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MPB and UVSP?
Over the past 3 years, MPB and UVSP moved with a correlation of 0.82, which is very strong, meaning they move nearly in lockstep. Recent behaviour matches the longer record: 0.81 over 1 year against 0.82 over 3. Over 5 years the correlation is 0.76, and the annualized covariance of weekly returns is 667.5 %².
UVSP is one of the assets that tracks MPB most closely: it ranks #1 out of the 12 assets we track against MPB. Over the last 12 months UVSP came out ahead by 8.8 percentage points (+25.2% 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.
MPB vs UVSP: side by side
| MPB (Mid Penn Bancorp) | UVSP (Univest Financial Corporation) | |
|---|---|---|
| 1-year return | +25.2% | +34.0% |
| 5-year return | +61.4% | +81.7% |
| Volatility (ann.) | 27.8% | 29.4% |
| Beta vs S&P 500 | 0.71 | 0.81 |
| Max drawdown (3Y) | -26.8% | -20.9% |
| Market cap | $0.9B | $1.1B |
| P/E (trailing) | 12.8 | 12.0 |
| Dividend yield | 2.42% | 2.16% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MPB | UVSP |
|---|---|---|
| 2022 | -2.9% | -9.9% |
| 2023 | -16.1% | -12.1% |
| 2024 | +22.8% | +38.8% |
| 2025 | +10.7% | +14.3% |
| 2026 | +20.8% | +29.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MPB and UVSP good diversifiers for each other?
No: a correlation of 0.82 means MPB and UVSP tend to fall together, which is precisely when diversification is supposed to help.
FAQ
What is the correlation between MPB and UVSP?
As of 2026-08-27, the correlation of weekly returns between MPB and UVSP is 0.82 over 3 years, 0.81 over 1 year and 0.76 over 5 years.
Is UVSP a good diversifier for MPB?
No: a correlation of 0.82 means MPB and UVSP tend to fall together, which is precisely when diversification is supposed to help.
What does a correlation of 0.82 mean?
A reading of 0.82 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/mpb-vs-uvsp.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/mpb-vs-uvsp/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MPB correlations · UVSP correlations
