BY vs CCNE: Correlation
Byline Bancorp, Inc. (BY) and CNB Financial Corporation (CCNE) 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 CCNE?
Over the past 3 years, BY and CCNE moved with a correlation of 0.85, which is very strong, meaning they move nearly in lockstep. Recent behaviour matches the longer record: 0.85 over 1 year against 0.85 over 3. Over 5 years the correlation is 0.79, and the annualized covariance of weekly returns is 661.7 %².
By 3-year correlation, CCNE places #21 of the 70 assets tracked against BY. Their 12-month results are close: +32.5% for BY against +30.2% for CCNE.
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 CCNE: side by side
| BY (Byline Bancorp, Inc.) | CCNE (CNB Financial Corporation) | |
|---|---|---|
| 1-year return | +32.5% | +30.2% |
| 5-year return | +66.2% | +61.1% |
| Volatility (ann.) | 26.8% | 29.0% |
| Beta vs S&P 500 | 0.80 | 0.84 |
| Max drawdown (3Y) | -27.2% | -29.7% |
| Market cap | $1.7B | $1.0B |
| P/E (trailing) | 11.5 | 10.6 |
| Dividend yield | 1.15% | 2.18% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BY | CCNE |
|---|---|---|
| 2022 | -14.7% | -7.8% |
| 2023 | +4.3% | -1.6% |
| 2024 | +25.0% | +13.6% |
| 2025 | +2.0% | +8.4% |
| 2026 | +32.7% | +31.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BY and CCNE 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 CCNE?
Using weekly returns as of 2026-08-27: 0.85 over 3 years, with 0.85 over the last year and 0.79 over 5 years.
Is CCNE 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?
A reading of 0.85 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/by-vs-ccne.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/by-vs-ccne/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BY correlations · CCNE correlations
