BY vs HBCP: Correlation
Byline Bancorp, Inc. (BY) and Home Bancorp, Inc. (HBCP) show a very strong relationship: their 3-year correlation of weekly returns is 0.83.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BY and HBCP?
Over the past 3 years, BY and HBCP moved with a correlation of 0.83, which is very strong, meaning they move nearly in lockstep. Little has changed lately, as the 1-year reading of 0.88 lands near the 3-year figure. Over 5 years the correlation is 0.75, and the annualized covariance of weekly returns is 636.7 %².
Within BY's tracked universe of 70 assets, HBCP comes in at #29 by 3-year correlation. On 12-month performance BY holds a 7.6-point edge, +32.5% against +24.9%.
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 HBCP: side by side
| BY (Byline Bancorp, Inc.) | HBCP (Home Bancorp, Inc.) | |
|---|---|---|
| 1-year return | +32.5% | +24.9% |
| 5-year return | +66.2% | +110.9% |
| Volatility (ann.) | 26.8% | 28.6% |
| Beta vs S&P 500 | 0.80 | 0.82 |
| Max drawdown (3Y) | -27.2% | -21.7% |
| Market cap | $1.7B | $0.5B |
| P/E (trailing) | 11.5 | 11.6 |
| Dividend yield | 1.15% | 1.76% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BY | HBCP |
|---|---|---|
| 2022 | -14.7% | -1.2% |
| 2023 | +4.3% | +8.0% |
| 2024 | +25.0% | +12.7% |
| 2025 | +2.0% | +27.9% |
| 2026 | +32.7% | +21.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BY and HBCP good diversifiers for each other?
No. With a correlation of 0.83, BY and HBCP move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between BY and HBCP?
Using weekly returns as of 2026-08-27: 0.83 over 3 years, with 0.88 over the last year and 0.75 over 5 years.
Is HBCP a good diversifier for BY?
No. With a correlation of 0.83, BY and HBCP move nearly in lockstep, so holding both adds very little diversification.
What does a correlation of 0.83 mean?
On the −1 to +1 scale, 0.83 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-hbcp.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/by-vs-hbcp/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BY correlations · HBCP correlations
