BY vs ECPG: Correlation
How closely do Byline Bancorp, Inc. (BY) and Encore Capital Group Inc (ECPG) trade together? Their weekly returns over three years give a correlation of 0.52, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BY and ECPG?
Across a 3-year window, the weekly returns of BY and ECPG correlate at 0.52, moderate. The link has loosened recently: the 1-year correlation (0.23) runs below the 3-year figure (0.52). Stretching to 5 years gives 0.52, with an annualized covariance of 495.3 %².
By 3-year correlation, ECPG places #62 of the 70 assets tracked against BY. Their recent paths diverged sharply: over the last 12 months ECPG outperformed by 111.8 percentage points (+32.5% for BY against +144.3% for ECPG).
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 ECPG: side by side
| BY (Byline Bancorp, Inc.) | ECPG (Encore Capital Group Inc) | |
|---|---|---|
| 1-year return | +32.5% | +144.3% |
| 5-year return | +66.2% | +114.1% |
| Volatility (ann.) | 26.8% | 35.6% |
| Beta vs S&P 500 | 0.80 | 0.85 |
| Max drawdown (3Y) | -27.2% | -49.2% |
| Market cap | $1.7B | $2.2B |
| P/E (trailing) | 11.5 | 7.7 |
| Dividend yield | 1.15% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BY | ECPG |
|---|---|---|
| 2022 | -14.7% | -22.8% |
| 2023 | +4.3% | +5.9% |
| 2024 | +25.0% | -5.9% |
| 2025 | +2.0% | +13.8% |
| 2026 | +32.7% | +87.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BY and ECPG good diversifiers for each other?
Somewhat, no more. With 0.52 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between BY and ECPG?
As of 2026-08-27, the correlation of weekly returns between BY and ECPG is 0.52 over 3 years, 0.23 over 1 year and 0.52 over 5 years.
Is ECPG a good diversifier for BY?
Somewhat, no more. With 0.52 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.52 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 · ECPG correlations
