MYFW vs UVSP: Correlation
Measured on weekly returns over the past three years, First Western Financial, Inc. (MYFW) and Univest Financial Corporation (UVSP) carry a correlation of 0.64, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MYFW and UVSP?
Across a 3-year window, the weekly returns of MYFW and UVSP correlate at 0.64, strong. The link has loosened recently: the 1-year correlation (0.44) runs below the 3-year figure (0.64). Stretching to 5 years gives 0.63, with an annualized covariance of 651.4 %².
Within MYFW's tracked universe of 12 assets, UVSP comes in at #5 by 3-year correlation. Neither side won the trailing year by much: +33.1% 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.
MYFW vs UVSP: side by side
| MYFW (First Western Financial, Inc.) | UVSP (Univest Financial Corporation) | |
|---|---|---|
| 1-year return | +33.1% | +34.0% |
| 5-year return | +13.7% | +81.7% |
| Volatility (ann.) | 34.7% | 29.4% |
| Beta vs S&P 500 | 1.08 | 0.81 |
| Max drawdown (3Y) | -37.4% | -20.9% |
| Market cap | $0.3B | $1.1B |
| P/E (trailing) | 16.5 | 12.0 |
| Dividend yield | 0.00% | 2.16% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MYFW | UVSP |
|---|---|---|
| 2022 | -7.3% | -9.9% |
| 2023 | -29.6% | -12.1% |
| 2024 | -1.4% | +38.8% |
| 2025 | +37.1% | +14.3% |
| 2026 | +15.1% | +29.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MYFW and UVSP good diversifiers for each other?
Only partially. A correlation of 0.64 means MYFW and UVSP share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between MYFW and UVSP?
As of 2026-08-27, the correlation of weekly returns between MYFW and UVSP is 0.64 over 3 years, 0.44 over 1 year and 0.63 over 5 years.
Is UVSP a good diversifier for MYFW?
Only partially. A correlation of 0.64 means MYFW and UVSP share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.64 mean?
On the −1 to +1 scale, 0.64 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/myfw-vs-uvsp.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/myfw-vs-uvsp/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MYFW correlations · UVSP correlations
