MXC vs UVSP: Correlation
How closely do Mexco Energy Corporation (MXC) and Univest Financial Corporation (UVSP) trade together? Their weekly returns over three years give a correlation of -0.19, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MXC and UVSP?
Across a 3-year window, the weekly returns of MXC and UVSP correlate at -0.19, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.20 over 1 year against -0.19 over 3. Stretching to 5 years gives -0.10, with an annualized covariance of -344.4 %².
Among the 56 assets we track against MXC, UVSP ranks #30 by 3-year correlation. On 12-month performance UVSP holds a 12.4-point edge, +21.6% against +34.0%. Note the risk asymmetry: MXC runs 2.1 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
MXC vs UVSP: side by side
| MXC (Mexco Energy Corporation) | UVSP (Univest Financial Corporation) | |
|---|---|---|
| 1-year return | +21.6% | +34.0% |
| 5-year return | +7.2% | +81.7% |
| Volatility (ann.) | 62.1% | 29.4% |
| Beta vs S&P 500 | -0.31 | 0.81 |
| Max drawdown (3Y) | -60.6% | -20.9% |
| Market cap | – | $1.1B |
| P/E (trailing) | 13.0 | 12.0 |
| Dividend yield | 1.02% | 2.16% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MXC | UVSP |
|---|---|---|
| 2022 | +33.0% | -9.9% |
| 2023 | -26.2% | -12.1% |
| 2024 | +24.6% | +38.8% |
| 2025 | -10.8% | +14.3% |
| 2026 | -0.6% | +29.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MXC and UVSP good diversifiers for each other?
Yes. With a correlation of -0.19, MXC and UVSP have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between MXC and UVSP?
The MXC/UVSP correlation stands at -0.19 on a 3-year window (1 year: -0.20, 5 years: -0.10), computed from weekly returns as of 2026-08-27.
Is UVSP a good diversifier for MXC?
Yes. With a correlation of -0.19, MXC and UVSP have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.19 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/mxc-vs-uvsp.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/mxc-vs-uvsp/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MXC correlations · UVSP correlations
