UVSP vs VMD: Correlation
Univest Financial Corporation (UVSP) and Viemed Healthcare, Inc. (VMD) show a moderate relationship: their 3-year correlation of weekly returns is 0.47.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are UVSP and VMD?
On 3 years of weekly data the UVSP/VMD correlation comes out at 0.47, moderate. Recent behaviour matches the longer record: 0.39 over 1 year against 0.47 over 3. The 5-year figure is 0.31, and annualized covariance runs at 558.6 %².
By 3-year correlation, VMD places #25 of the 33 assets tracked against UVSP. The trailing year gives UVSP the advantage: +34.0% versus +25.5%, a 8.5-point spread.
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.
UVSP vs VMD: side by side
| UVSP (Univest Financial Corporation) | VMD (Viemed Healthcare, Inc.) | |
|---|---|---|
| 1-year return | +34.0% | +25.5% |
| 5-year return | +81.7% | +43.9% |
| Volatility (ann.) | 29.4% | 40.5% |
| Beta vs S&P 500 | 0.81 | 0.73 |
| Max drawdown (3Y) | -20.9% | -40.6% |
| Market cap | $1.1B | $0.3B |
| P/E (trailing) | 12.0 | 25.7 |
| Dividend yield | 2.16% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | UVSP | VMD |
|---|---|---|
| 2022 | -9.9% | +44.8% |
| 2023 | -12.1% | +3.8% |
| 2024 | +38.8% | +2.2% |
| 2025 | +14.3% | -7.4% |
| 2026 | +29.6% | +21.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are UVSP and VMD good diversifiers for each other?
Reasonably. At 0.47, UVSP and VMD keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between UVSP and VMD?
Using weekly returns as of 2026-08-27: 0.47 over 3 years, with 0.39 over the last year and 0.31 over 5 years.
Is VMD a good diversifier for UVSP?
Reasonably. At 0.47, UVSP and VMD keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.47 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/uvsp-vs-vmd.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/uvsp-vs-vmd/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: UVSP correlations · VMD correlations
