TRST vs UVSP: Correlation
TrustCo Bank Corp NY (TRST) and Univest Financial Corporation (UVSP) show a very strong relationship: their 3-year correlation of weekly returns is 0.87.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TRST and UVSP?
On 3 years of weekly data the TRST/UVSP correlation comes out at 0.87, very strong, meaning they move nearly in lockstep. The relationship has been stable: the 1-year correlation (0.79) sits close to the 3-year figure. The 5-year figure is 0.81, and annualized covariance runs at 669.6 %².
Few assets follow TRST as closely as UVSP, which ranks #3 of 14 tracked partners. Correlation aside, the last 12 months split them widely, with TRST ahead by 16.9 points (+50.9% versus +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.
TRST vs UVSP: side by side
| TRST (TrustCo Bank Corp NY) | UVSP (Univest Financial Corporation) | |
|---|---|---|
| 1-year return | +50.9% | +34.0% |
| 5-year return | +121.0% | +81.7% |
| Volatility (ann.) | 26.2% | 29.4% |
| Beta vs S&P 500 | 0.68 | 0.81 |
| Max drawdown (3Y) | -26.2% | -20.9% |
| Market cap | $1.0B | $1.1B |
| P/E (trailing) | 15.9 | 12.0 |
| Dividend yield | 2.66% | 2.16% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | TRST | UVSP |
|---|---|---|
| 2022 | +17.6% | -9.9% |
| 2023 | -13.3% | -12.1% |
| 2024 | +12.4% | +38.8% |
| 2025 | +29.3% | +14.3% |
| 2026 | +41.0% | +29.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TRST and UVSP good diversifiers for each other?
No. With a correlation of 0.87, TRST and UVSP move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between TRST and UVSP?
Using weekly returns as of 2026-08-27: 0.87 over 3 years, with 0.79 over the last year and 0.81 over 5 years.
Is UVSP a good diversifier for TRST?
No. With a correlation of 0.87, TRST and UVSP move nearly in lockstep, so holding both adds very little diversification.
What does a correlation of 0.87 mean?
A reading of 0.87 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/trst-vs-uvsp.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/trst-vs-uvsp/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: TRST correlations · UVSP correlations
