BY vs CHCO: Correlation
Byline Bancorp, Inc. (BY) and City Holding Company (CHCO) 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 CHCO?
Across a 3-year window, the weekly returns of BY and CHCO correlate at 0.85, very strong, meaning they move nearly in lockstep. Little has changed lately, as the 1-year reading of 0.82 lands near the 3-year figure. Stretching to 5 years gives 0.76, with an annualized covariance of 473.5 %².
Among the 70 assets we track against BY, CHCO ranks #22 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months BY outperformed by 19.2 percentage points (+32.5% for BY against +13.3% for CHCO).
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 CHCO: side by side
| BY (Byline Bancorp, Inc.) | CHCO (City Holding Company) | |
|---|---|---|
| 1-year return | +32.5% | +13.3% |
| 5-year return | +66.2% | +113.1% |
| Volatility (ann.) | 26.8% | 20.7% |
| Beta vs S&P 500 | 0.80 | 0.45 |
| Max drawdown (3Y) | -27.2% | -18.4% |
| Market cap | $1.7B | $2.0B |
| P/E (trailing) | 11.5 | 15.7 |
| Dividend yield | 1.15% | 2.41% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BY | CHCO |
|---|---|---|
| 2022 | -14.7% | +17.3% |
| 2023 | +4.3% | +22.0% |
| 2024 | +25.0% | +10.4% |
| 2025 | +2.0% | +3.4% |
| 2026 | +32.7% | +22.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BY and CHCO 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 CHCO?
As of 2026-08-27, the correlation of weekly returns between BY and CHCO is 0.85 over 3 years, 0.82 over 1 year and 0.76 over 5 years.
Is CHCO 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
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Related comparisons
Hubs: BY correlations · CHCO correlations
