BRT vs BY: Correlation
BRT Apartments Corp. (MD) (BRT) and Byline Bancorp, Inc. (BY) show a strong relationship: their 3-year correlation of weekly returns is 0.66.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BRT and BY?
On 3 years of weekly data the BRT/BY correlation comes out at 0.66, strong. Recent behaviour matches the longer record: 0.57 over 1 year against 0.66 over 3. The 5-year figure is 0.55, and annualized covariance runs at 423.6 %².
In BRT's tracked universe of 14 assets, BY sits right near the top at #3. The last year tells two different stories: BY led by 35.7 percentage points, -3.2% for BRT against +32.5% for BY.
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.
BRT vs BY: side by side
| BRT (BRT Apartments Corp. (MD)) | BY (Byline Bancorp, Inc.) | |
|---|---|---|
| 1-year return | -3.2% | +32.5% |
| 5-year return | -1.1% | +66.2% |
| Volatility (ann.) | 24.0% | 26.8% |
| Beta vs S&P 500 | 0.68 | 0.80 |
| Max drawdown (3Y) | -27.6% | -27.2% |
| Market cap | $0.3B | $1.7B |
| P/E (trailing) | – | 11.5 |
| Dividend yield | 5.48% | 1.15% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BRT | BY |
|---|---|---|
| 2022 | -14.4% | -14.7% |
| 2023 | -0.0% | +4.3% |
| 2024 | +2.7% | +25.0% |
| 2025 | -13.3% | +2.0% |
| 2026 | +1.1% | +32.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BRT and BY good diversifiers for each other?
Somewhat, no more. With 0.66 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between BRT and BY?
Using weekly returns as of 2026-08-27: 0.66 over 3 years, with 0.57 over the last year and 0.55 over 5 years.
Is BY a good diversifier for BRT?
Somewhat, no more. With 0.66 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.66 mean?
On the −1 to +1 scale, 0.66 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/brt-vs-by.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/brt-vs-by/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BRT correlations · BY correlations
