SMBK vs UVSP: Correlation
How closely do SmartFinancial, Inc. (SMBK) and Univest Financial Corporation (UVSP) trade together? Their weekly returns over three years give a correlation of 0.83, which is very strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SMBK and UVSP?
Over the past 3 years, SMBK and UVSP moved with a correlation of 0.83, which is very strong, meaning they move nearly in lockstep. Recent behaviour matches the longer record: 0.82 over 1 year against 0.83 over 3. Over 5 years the correlation is 0.78, and the annualized covariance of weekly returns is 705.9 %².
By 3-year correlation, UVSP places #5 of the 26 assets tracked against SMBK. Twelve-month performance is nearly a tie, at +37.6% for SMBK and +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.
SMBK vs UVSP: side by side
| SMBK (SmartFinancial, Inc.) | UVSP (Univest Financial Corporation) | |
|---|---|---|
| 1-year return | +37.6% | +34.0% |
| 5-year return | +113.7% | +81.7% |
| Volatility (ann.) | 28.9% | 29.4% |
| Beta vs S&P 500 | 0.84 | 0.81 |
| Max drawdown (3Y) | -26.4% | -20.9% |
| Market cap | $0.9B | $1.1B |
| P/E (trailing) | 14.9 | 12.0 |
| Dividend yield | 0.65% | 2.16% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SMBK | UVSP |
|---|---|---|
| 2022 | +1.6% | -9.9% |
| 2023 | -9.7% | -12.1% |
| 2024 | +28.1% | +38.8% |
| 2025 | +20.5% | +14.3% |
| 2026 | +37.6% | +29.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SMBK and UVSP good diversifiers for each other?
Not really. At 0.83, the two trade almost as one position, and owning both buys little extra protection.
FAQ
What is the correlation between SMBK and UVSP?
Using weekly returns as of 2026-08-27: 0.83 over 3 years, with 0.82 over the last year and 0.78 over 5 years.
Is UVSP a good diversifier for SMBK?
Not really. At 0.83, the two trade almost as one position, and owning both buys little extra protection.
What does a correlation of 0.83 mean?
A reading of 0.83 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/smbk-vs-uvsp.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/smbk-vs-uvsp/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: SMBK correlations · UVSP correlations
