BY vs PEBK: Correlation
Byline Bancorp, Inc. (BY) and Peoples Bancorp of North Carolina, Inc. (PEBK) show a strong relationship: their 3-year correlation of weekly returns is 0.66.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BY and PEBK?
Over the past 3 years, BY and PEBK moved with a correlation of 0.66, which is strong. The link has tightened recently: the 1-year correlation (0.79) runs above the 3-year figure (0.66). Over 5 years the correlation is 0.57, and the annualized covariance of weekly returns is 535.7 %².
Among the 70 assets we track against BY, PEBK ranks #55 by 3-year correlation. The trailing year gives PEBK the advantage: +32.5% versus +42.8%, a 10.3-point spread.
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 PEBK: side by side
| BY (Byline Bancorp, Inc.) | PEBK (Peoples Bancorp of North Carolina, Inc.) | |
|---|---|---|
| 1-year return | +32.5% | +42.8% |
| 5-year return | +66.2% | +80.5% |
| Volatility (ann.) | 26.8% | 30.3% |
| Beta vs S&P 500 | 0.80 | 0.76 |
| Max drawdown (3Y) | -27.2% | -25.2% |
| Market cap | $1.7B | $0.2B |
| P/E (trailing) | 11.5 | 12.0 |
| Dividend yield | 1.15% | 1.88% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BY | PEBK |
|---|---|---|
| 2022 | -14.7% | +21.8% |
| 2023 | +4.3% | -1.4% |
| 2024 | +25.0% | +4.3% |
| 2025 | +2.0% | +19.7% |
| 2026 | +32.7% | +21.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BY and PEBK good diversifiers for each other?
Only partially. A correlation of 0.66 means BY and PEBK share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between BY and PEBK?
The BY/PEBK correlation stands at 0.66 on a 3-year window (1 year: 0.79, 5 years: 0.57), computed from weekly returns as of 2026-08-27.
Is PEBK a good diversifier for BY?
Only partially. A correlation of 0.66 means BY and PEBK share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.66 mean?
On the −1 to +1 scale, 0.66 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-pebk.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/by-vs-pebk/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BY correlations · PEBK correlations
