BY vs CBAN: Correlation
Byline Bancorp, Inc. (BY) and Colony Bankcorp, Inc. (CBAN) show a very strong relationship: their 3-year correlation of weekly returns is 0.85.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BY and CBAN?
Over the past 3 years, BY and CBAN moved with a correlation of 0.85, which is very strong, meaning they move nearly in lockstep. Recent behaviour matches the longer record: 0.80 over 1 year against 0.85 over 3. Over 5 years the correlation is 0.78, and the annualized covariance of weekly returns is 654.7 %².
By 3-year correlation, CBAN places #20 of the 70 assets tracked against BY. The trailing year gives BY the advantage: +32.5% versus +27.4%, a 5.1-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.
BY vs CBAN: side by side
| BY (Byline Bancorp, Inc.) | CBAN (Colony Bankcorp, Inc.) | |
|---|---|---|
| 1-year return | +32.5% | +27.4% |
| 5-year return | +66.2% | +36.8% |
| Volatility (ann.) | 26.8% | 28.8% |
| Beta vs S&P 500 | 0.80 | 0.83 |
| Max drawdown (3Y) | -27.2% | -20.9% |
| Market cap | $1.7B | $0.5B |
| P/E (trailing) | 11.5 | 12.7 |
| Dividend yield | 1.15% | 2.22% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BY | CBAN |
|---|---|---|
| 2022 | -14.7% | -23.5% |
| 2023 | +4.3% | +9.2% |
| 2024 | +25.0% | +25.7% |
| 2025 | +2.0% | +13.6% |
| 2026 | +32.7% | +21.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BY and CBAN good diversifiers for each other?
Not really. At 0.85, the two trade almost as one position, and owning both buys little extra protection.
FAQ
What is the correlation between BY and CBAN?
Using weekly returns as of 2026-08-27: 0.85 over 3 years, with 0.80 over the last year and 0.78 over 5 years.
Is CBAN a good diversifier for BY?
Not really. At 0.85, the two trade almost as one position, and owning both buys little extra protection.
What does a correlation of 0.85 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/by-vs-cban.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/by-vs-cban/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BY correlations · CBAN correlations
