NWN vs UVV: Correlation
Measured on weekly returns over the past three years, Northwest Natural Holding Company (NWN) and Universal Corporation (UVV) carry a correlation of 0.49, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NWN and UVV?
Across a 3-year window, the weekly returns of NWN and UVV correlate at 0.49, moderate. The link has loosened recently: the 1-year correlation (0.26) runs below the 3-year figure (0.49). Stretching to 5 years gives 0.49, with an annualized covariance of 277.0 %².
By 3-year correlation, UVV places #8 of the 16 assets tracked against NWN. Correlation aside, the last 12 months split them widely, with NWN ahead by 36.0 points (+24.4% versus -11.6%).
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.
NWN vs UVV: side by side
| NWN (Northwest Natural Holding Company) | UVV (Universal Corporation) | |
|---|---|---|
| 1-year return | +24.4% | -11.6% |
| 5-year return | +20.2% | +25.0% |
| Volatility (ann.) | 20.8% | 27.0% |
| Beta vs S&P 500 | 0.17 | 0.23 |
| Max drawdown (3Y) | -13.5% | -29.7% |
| Market cap | $2.1B | $1.1B |
| P/E (trailing) | 16.9 | 61.3 |
| Dividend yield | 3.91% | 7.05% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NWN | UVV |
|---|---|---|
| 2022 | +1.5% | +1.8% |
| 2023 | -14.4% | +35.8% |
| 2024 | +6.8% | -13.4% |
| 2025 | +23.7% | +2.3% |
| 2026 | +9.2% | -8.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NWN and UVV good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.49 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between NWN and UVV?
Using weekly returns as of 2026-08-27: 0.49 over 3 years, with 0.26 over the last year and 0.49 over 5 years.
Is UVV a good diversifier for NWN?
Yes, to a useful degree: a correlation of 0.49 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.49 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/nwn-vs-uvv.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/nwn-vs-uvv/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: NWN correlations · UVV correlations
