PGC vs UVSP: Correlation
Measured on weekly returns over the past three years, Peapack-Gl (PGC) and Univest Financial Corporation (UVSP) carry a correlation of 0.82, a very strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PGC and UVSP?
Over the past 3 years, PGC and UVSP moved with a correlation of 0.82, which is very strong, meaning they move nearly in lockstep. The relationship has been stable: the 1-year correlation (0.78) sits close to the 3-year figure. Over 5 years the correlation is 0.80, and the annualized covariance of weekly returns is 834.8 %².
Among the 12 assets we track against PGC, UVSP ranks #4 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months PGC outperformed by 23.7 percentage points (+57.7% for PGC against +34.0% for UVSP).
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.
PGC vs UVSP: side by side
| PGC (Peapack-Gl) | UVSP (Univest Financial Corporation) | |
|---|---|---|
| 1-year return | +57.7% | +34.0% |
| 5-year return | +41.8% | +81.7% |
| Volatility (ann.) | 34.4% | 29.4% |
| Beta vs S&P 500 | 0.88 | 0.81 |
| Max drawdown (3Y) | -34.2% | -20.9% |
| Market cap | $0.8B | $1.1B |
| P/E (trailing) | 15.7 | 12.0 |
| Dividend yield | 0.44% | 2.16% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PGC | UVSP |
|---|---|---|
| 2022 | +5.7% | -9.9% |
| 2023 | -19.3% | -12.1% |
| 2024 | +8.3% | +38.8% |
| 2025 | -12.5% | +14.3% |
| 2026 | +62.8% | +29.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PGC and UVSP good diversifiers for each other?
Not really. At 0.82, the two trade almost as one position, and owning both buys little extra protection.
FAQ
What is the correlation between PGC and UVSP?
Using weekly returns as of 2026-08-27: 0.82 over 3 years, with 0.78 over the last year and 0.80 over 5 years.
Is UVSP a good diversifier for PGC?
Not really. At 0.82, the two trade almost as one position, and owning both buys little extra protection.
What does a correlation of 0.82 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/pgc-vs-uvsp.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/pgc-vs-uvsp/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: PGC correlations · UVSP correlations
