BY vs HTB: Correlation
Byline Bancorp, Inc. (BY) and HomeTrust Bancshares, Inc. (HTB) show a very strong relationship: their 3-year correlation of weekly returns is 0.80.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BY and HTB?
Across a 3-year window, the weekly returns of BY and HTB correlate at 0.80, very strong, meaning they move nearly in lockstep. The link has loosened recently: the 1-year correlation (0.70) runs below the 3-year figure (0.80). Stretching to 5 years gives 0.77, with an annualized covariance of 588.7 %².
Among the 70 assets we track against BY, HTB ranks #39 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months BY outperformed by 19.1 percentage points (+32.5% for BY against +13.4% for HTB).
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 HTB: side by side
| BY (Byline Bancorp, Inc.) | HTB (HomeTrust Bancshares, Inc.) | |
|---|---|---|
| 1-year return | +32.5% | +13.4% |
| 5-year return | +66.2% | +81.4% |
| Volatility (ann.) | 26.8% | 27.3% |
| Beta vs S&P 500 | 0.80 | 0.86 |
| Max drawdown (3Y) | -27.2% | -17.7% |
| Market cap | $1.7B | $0.8B |
| P/E (trailing) | 11.5 | 12.3 |
| Dividend yield | 1.15% | 1.13% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BY | HTB |
|---|---|---|
| 2022 | -14.7% | -20.9% |
| 2023 | +4.3% | +13.4% |
| 2024 | +25.0% | +27.0% |
| 2025 | +2.0% | +29.1% |
| 2026 | +32.7% | +9.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BY and HTB good diversifiers for each other?
No. With a correlation of 0.80, BY and HTB move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between BY and HTB?
As of 2026-08-27, the correlation of weekly returns between BY and HTB is 0.80 over 3 years, 0.70 over 1 year and 0.77 over 5 years.
Is HTB a good diversifier for BY?
No. With a correlation of 0.80, BY and HTB move nearly in lockstep, so holding both adds very little diversification.
What does a correlation of 0.80 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 · HTB correlations
