BY vs FULT: Correlation
Measured on weekly returns over the past three years, Byline Bancorp, Inc. (BY) and Fulton Financial Corporation (FULT) carry a correlation of 0.89, a very strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BY and FULT?
Over the past 3 years, BY and FULT moved with a correlation of 0.89, which is very strong, meaning they move nearly in lockstep. The relationship has been stable: the 1-year correlation (0.89) sits close to the 3-year figure. Over 5 years the correlation is 0.82, and the annualized covariance of weekly returns is 724.6 %².
Among the 70 assets we track against BY, FULT ranks #5 by 3-year correlation. Over the last 12 months BY came out ahead by 8.4 percentage points (+32.5% against +24.1%).
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 FULT: side by side
| BY (Byline Bancorp, Inc.) | FULT (Fulton Financial Corporation) | |
|---|---|---|
| 1-year return | +32.5% | +24.1% |
| 5-year return | +66.2% | +85.0% |
| Volatility (ann.) | 26.8% | 30.3% |
| Beta vs S&P 500 | 0.80 | 1.03 |
| Max drawdown (3Y) | -27.2% | -29.9% |
| Market cap | $1.7B | $4.5B |
| P/E (trailing) | 11.5 | 11.4 |
| Dividend yield | 1.15% | 3.15% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BY | FULT |
|---|---|---|
| 2022 | -14.7% | +3.1% |
| 2023 | +4.3% | +2.5% |
| 2024 | +25.0% | +21.9% |
| 2025 | +2.0% | +4.3% |
| 2026 | +32.7% | +25.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BY and FULT good diversifiers for each other?
Not really. At 0.89, the two trade almost as one position, and owning both buys little extra protection.
FAQ
What is the correlation between BY and FULT?
The BY/FULT correlation stands at 0.89 on a 3-year window (1 year: 0.89, 5 years: 0.82), computed from weekly returns as of 2026-08-27.
Is FULT a good diversifier for BY?
Not really. At 0.89, the two trade almost as one position, and owning both buys little extra protection.
What does a correlation of 0.89 mean?
On the −1 to +1 scale, 0.89 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/by-vs-fult.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/by-vs-fult/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BY correlations · FULT correlations
