BY vs CFBK: Correlation
Measured on weekly returns over the past three years, Byline Bancorp, Inc. (BY) and CF Bankshares Inc. (CFBK) carry a correlation of 0.55, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BY and CFBK?
Across a 3-year window, the weekly returns of BY and CFBK correlate at 0.55, moderate. The relationship has been stable: the 1-year correlation (0.57) sits close to the 3-year figure. Stretching to 5 years gives 0.43, with an annualized covariance of 448.0 %².
Among the 70 assets we track against BY, CFBK ranks #59 by 3-year correlation. The trailing year gives CFBK the advantage: +32.5% versus +42.5%, a 10.0-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 CFBK: side by side
| BY (Byline Bancorp, Inc.) | CFBK (CF Bankshares Inc.) | |
|---|---|---|
| 1-year return | +32.5% | +42.5% |
| 5-year return | +66.2% | +92.0% |
| Volatility (ann.) | 26.8% | 30.3% |
| Beta vs S&P 500 | 0.80 | 0.75 |
| Max drawdown (3Y) | -27.2% | -33.5% |
| Market cap | $1.7B | $0.2B |
| P/E (trailing) | 11.5 | 11.9 |
| Dividend yield | 1.15% | 0.98% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BY | CFBK |
|---|---|---|
| 2022 | -14.7% | +4.1% |
| 2023 | +4.3% | -6.7% |
| 2024 | +25.0% | +32.6% |
| 2025 | +2.0% | -1.0% |
| 2026 | +32.7% | +39.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BY and CFBK good diversifiers for each other?
Somewhat, no more. With 0.55 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between BY and CFBK?
As of 2026-08-27, the correlation of weekly returns between BY and CFBK is 0.55 over 3 years, 0.57 over 1 year and 0.43 over 5 years.
Is CFBK a good diversifier for BY?
Somewhat, no more. With 0.55 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.55 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.
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Related comparisons
Hubs: BY correlations · CFBK correlations
