BY vs IGIC: Correlation
Byline Bancorp, Inc. (BY) and International General Insurance Holdings Ltd. (IGIC) show a moderate relationship: their 3-year correlation of weekly returns is 0.48.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BY and IGIC?
On 3 years of weekly data the BY/IGIC correlation comes out at 0.48, moderate. Recent behaviour matches the longer record: 0.48 over 1 year against 0.48 over 3. The 5-year figure is 0.35, and annualized covariance runs at 364.6 %².
Within BY's tracked universe of 70 assets, IGIC comes in at #65 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months BY outperformed by 16.7 percentage points (+32.5% for BY against +15.8% for IGIC).
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 IGIC: side by side
| BY (Byline Bancorp, Inc.) | IGIC (International General Insurance Holdings Ltd.) | |
|---|---|---|
| 1-year return | +32.5% | +15.8% |
| 5-year return | +66.2% | +246.3% |
| Volatility (ann.) | 26.8% | 28.5% |
| Beta vs S&P 500 | 0.80 | 0.53 |
| Max drawdown (3Y) | -27.2% | -18.2% |
| Market cap | $1.7B | $1.1B |
| P/E (trailing) | 11.5 | 10.7 |
| Dividend yield | 1.15% | 1.31% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BY | IGIC |
|---|---|---|
| 2022 | -14.7% | +1.6% |
| 2023 | +4.3% | +61.7% |
| 2024 | +25.0% | +92.4% |
| 2025 | +2.0% | +13.8% |
| 2026 | +32.7% | +12.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BY and IGIC good diversifiers for each other?
Reasonably. At 0.48, BY and IGIC keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between BY and IGIC?
As of 2026-08-27, the correlation of weekly returns between BY and IGIC is 0.48 over 3 years, 0.48 over 1 year and 0.35 over 5 years.
Is IGIC a good diversifier for BY?
Reasonably. At 0.48, BY and IGIC keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.48 mean?
A reading of 0.48 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/by-vs-igic.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/by-vs-igic/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BY correlations · IGIC correlations
