BY vs EBMT: Correlation
How closely do Byline Bancorp, Inc. (BY) and Eagle Bancorp Montana, Inc. (EBMT) trade together? Their weekly returns over three years give a correlation of 0.67, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BY and EBMT?
On 3 years of weekly data the BY/EBMT correlation comes out at 0.67, strong. The relationship has been stable: the 1-year correlation (0.75) sits close to the 3-year figure. The 5-year figure is 0.52, and annualized covariance runs at 455.2 %².
Within BY's tracked universe of 70 assets, EBMT comes in at #52 by 3-year correlation. Their 12-month results are close: +32.5% for BY against +32.2% for EBMT.
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 EBMT: side by side
| BY (Byline Bancorp, Inc.) | EBMT (Eagle Bancorp Montana, Inc.) | |
|---|---|---|
| 1-year return | +32.5% | +32.2% |
| 5-year return | +66.2% | +21.5% |
| Volatility (ann.) | 26.8% | 25.2% |
| Beta vs S&P 500 | 0.80 | 0.51 |
| Max drawdown (3Y) | -27.2% | -22.2% |
| Market cap | $1.7B | $0.2B |
| P/E (trailing) | 11.5 | 11.0 |
| Dividend yield | 1.15% | 2.56% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BY | EBMT |
|---|---|---|
| 2022 | -14.7% | -27.8% |
| 2023 | +4.3% | +1.9% |
| 2024 | +25.0% | +1.1% |
| 2025 | +2.0% | +34.4% |
| 2026 | +32.7% | +14.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BY and EBMT good diversifiers for each other?
Somewhat, no more. With 0.67 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between BY and EBMT?
The BY/EBMT correlation stands at 0.67 on a 3-year window (1 year: 0.75, 5 years: 0.52), computed from weekly returns as of 2026-08-27.
Is EBMT a good diversifier for BY?
Somewhat, no more. With 0.67 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.67 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-ebmt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/by-vs-ebmt/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BY correlations · EBMT correlations
