SRCE vs UVV: Correlation
How closely do 1st Source Corporation (SRCE) and Universal Corporation (UVV) trade together? Their weekly returns over three years give a correlation of 0.49, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SRCE and UVV?
Across a 3-year window, the weekly returns of SRCE and UVV correlate at 0.49, moderate. Little has changed lately, as the 1-year reading of 0.39 lands near the 3-year figure. Stretching to 5 years gives 0.42, with an annualized covariance of 339.7 %².
By 3-year correlation, UVV places #12 of the 20 assets tracked against SRCE. Correlation aside, the last 12 months split them widely, with SRCE ahead by 48.6 points (+37.0% 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.
SRCE vs UVV: side by side
| SRCE (1st Source Corporation) | UVV (Universal Corporation) | |
|---|---|---|
| 1-year return | +37.0% | -11.6% |
| 5-year return | +110.2% | +25.0% |
| Volatility (ann.) | 25.5% | 27.0% |
| Beta vs S&P 500 | 0.61 | 0.23 |
| Max drawdown (3Y) | -21.2% | -29.7% |
| Market cap | $2.1B | $1.1B |
| P/E (trailing) | 12.4 | 61.3 |
| Dividend yield | 0.93% | 7.05% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SRCE | UVV |
|---|---|---|
| 2022 | +9.8% | +1.8% |
| 2023 | +6.5% | +35.8% |
| 2024 | +9.0% | -13.4% |
| 2025 | +9.8% | +2.3% |
| 2026 | +40.7% | -8.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SRCE and UVV good diversifiers for each other?
A fair diversifier. At 0.49, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between SRCE and UVV?
The SRCE/UVV correlation stands at 0.49 on a 3-year window (1 year: 0.39, 5 years: 0.42), computed from weekly returns as of 2026-08-27.
Is UVV a good diversifier for SRCE?
A fair diversifier. At 0.49, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
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/srce-vs-uvv.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/srce-vs-uvv/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: SRCE correlations · UVV correlations
