BY vs GT: Correlation
Measured on weekly returns over the past three years, Byline Bancorp, Inc. (BY) and The Goodyear Tire & Rubber Company (GT) carry a correlation of 0.53, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BY and GT?
Over the past 3 years, BY and GT moved with a correlation of 0.53, which is moderate. Little has changed lately, as the 1-year reading of 0.62 lands near the 3-year figure. Over 5 years the correlation is 0.41, and the annualized covariance of weekly returns is 644.0 %².
Within BY's tracked universe of 70 assets, GT comes in at #60 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months BY outperformed by 60.7 percentage points (+32.5% for BY against -28.2% for GT). Risk is not evenly split, since GT carries 1.7 times the volatility of the other side.
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 GT: side by side
| BY (Byline Bancorp, Inc.) | GT (The Goodyear Tire & Rubber Company) | |
|---|---|---|
| 1-year return | +32.5% | -28.2% |
| 5-year return | +66.2% | -61.1% |
| Volatility (ann.) | 26.8% | 45.0% |
| Beta vs S&P 500 | 0.80 | 0.80 |
| Max drawdown (3Y) | -27.2% | -62.8% |
| Market cap | $1.7B | $1.8B |
| P/E (trailing) | 11.5 | – |
| Dividend yield | 1.15% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BY | GT |
|---|---|---|
| 2022 | -14.7% | -52.4% |
| 2023 | +4.3% | +41.1% |
| 2024 | +25.0% | -37.2% |
| 2025 | +2.0% | -2.7% |
| 2026 | +32.7% | -29.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BY and GT good diversifiers for each other?
Somewhat, no more. With 0.53 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between BY and GT?
As of 2026-08-27, the correlation of weekly returns between BY and GT is 0.53 over 3 years, 0.62 over 1 year and 0.41 over 5 years.
Is GT a good diversifier for BY?
Somewhat, no more. With 0.53 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.53 mean?
On the −1 to +1 scale, 0.53 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-gt.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/by-vs-gt/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BY correlations · GT correlations
