BY vs HIFS: Correlation
Byline Bancorp, Inc. (BY) and Hingham Institution for Savings (HIFS) show a strong relationship: their 3-year correlation of weekly returns is 0.71.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BY and HIFS?
On 3 years of weekly data the BY/HIFS correlation comes out at 0.71, strong. The link has loosened recently: the 1-year correlation (0.58) runs below the 3-year figure (0.71). The 5-year figure is 0.63, and annualized covariance runs at 771.0 %².
Among the 70 assets we track against BY, HIFS ranks #49 by 3-year correlation. The last year tells two different stories: BY led by 29.9 percentage points, +32.5% for BY against +2.6% for HIFS. Note the risk asymmetry: HIFS runs 1.5 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 HIFS: side by side
| BY (Byline Bancorp, Inc.) | HIFS (Hingham Institution for Savings) | |
|---|---|---|
| 1-year return | +32.5% | +2.6% |
| 5-year return | +66.2% | -2.0% |
| Volatility (ann.) | 26.8% | 40.5% |
| Beta vs S&P 500 | 0.80 | 1.05 |
| Max drawdown (3Y) | -27.2% | -27.8% |
| Market cap | $1.7B | $0.7B |
| P/E (trailing) | 11.5 | 10.0 |
| Dividend yield | 1.15% | 0.84% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BY | HIFS |
|---|---|---|
| 2022 | -14.7% | -33.6% |
| 2023 | +4.3% | -28.6% |
| 2024 | +25.0% | +31.9% |
| 2025 | +2.0% | +12.8% |
| 2026 | +32.7% | +6.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BY and HIFS good diversifiers for each other?
Somewhat, no more. With 0.71 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between BY and HIFS?
Using weekly returns as of 2026-08-27: 0.71 over 3 years, with 0.58 over the last year and 0.63 over 5 years.
Is HIFS a good diversifier for BY?
Somewhat, no more. With 0.71 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.71 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-hifs.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/by-vs-hifs/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BY correlations · HIFS correlations
