STBA vs UVSP: Correlation
How closely do S&T Bancorp, Inc. (STBA) and Univest Financial Corporation (UVSP) trade together? Their weekly returns over three years give a correlation of 0.88, which is very strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are STBA and UVSP?
Across a 3-year window, the weekly returns of STBA and UVSP correlate at 0.88, very strong, meaning they move nearly in lockstep. Little has changed lately, as the 1-year reading of 0.78 lands near the 3-year figure. Stretching to 5 years gives 0.84, with an annualized covariance of 740.8 %².
Few assets follow STBA as closely as UVSP, which ranks #2 of 25 tracked partners. Over the last 12 months UVSP came out ahead by 5.0 percentage points (+29.0% 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.
STBA vs UVSP: side by side
| STBA (S&T Bancorp, Inc.) | UVSP (Univest Financial Corporation) | |
|---|---|---|
| 1-year return | +29.0% | +34.0% |
| 5-year return | +102.2% | +81.7% |
| Volatility (ann.) | 28.7% | 29.4% |
| Beta vs S&P 500 | 0.68 | 0.81 |
| Max drawdown (3Y) | -26.1% | -20.9% |
| Market cap | $1.8B | $1.1B |
| P/E (trailing) | 13.3 | 12.0 |
| Dividend yield | 1.44% | 2.16% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | STBA | UVSP |
|---|---|---|
| 2022 | +12.6% | -9.9% |
| 2023 | +2.1% | -12.1% |
| 2024 | +18.7% | +38.8% |
| 2025 | +6.7% | +14.3% |
| 2026 | +29.7% | +29.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are STBA and UVSP good diversifiers for each other?
Not really. At 0.88, the two trade almost as one position, and owning both buys little extra protection.
FAQ
What is the correlation between STBA and UVSP?
As of 2026-08-27, the correlation of weekly returns between STBA and UVSP is 0.88 over 3 years, 0.78 over 1 year and 0.84 over 5 years.
Is UVSP a good diversifier for STBA?
Not really. At 0.88, the two trade almost as one position, and owning both buys little extra protection.
What does a correlation of 0.88 mean?
A reading of 0.88 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/stba-vs-uvsp.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/stba-vs-uvsp/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: STBA correlations · UVSP correlations
