BY vs PEBO: Correlation
Byline Bancorp, Inc. (BY) and Peoples Bancorp Inc. (PEBO) show a very strong relationship: their 3-year correlation of weekly returns is 0.90.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BY and PEBO?
Across a 3-year window, the weekly returns of BY and PEBO correlate at 0.90, very strong, meaning they move nearly in lockstep. The relationship has been stable: the 1-year correlation (0.93) sits close to the 3-year figure. Stretching to 5 years gives 0.81, with an annualized covariance of 606.5 %².
Few assets follow BY as closely as PEBO, which ranks #1 of 70 tracked partners. Their 12-month results are close: +32.5% for BY against +33.6% for PEBO.
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 PEBO: side by side
| BY (Byline Bancorp, Inc.) | PEBO (Peoples Bancorp Inc.) | |
|---|---|---|
| 1-year return | +32.5% | +33.6% |
| 5-year return | +66.2% | +66.3% |
| Volatility (ann.) | 26.8% | 25.1% |
| Beta vs S&P 500 | 0.80 | 0.69 |
| Max drawdown (3Y) | -27.2% | -24.5% |
| Market cap | $1.7B | $1.4B |
| P/E (trailing) | 11.5 | 12.0 |
| Dividend yield | 1.15% | 4.18% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BY | PEBO |
|---|---|---|
| 2022 | -14.7% | -6.6% |
| 2023 | +4.3% | +26.5% |
| 2024 | +25.0% | -1.0% |
| 2025 | +2.0% | +0.1% |
| 2026 | +32.7% | +36.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BY and PEBO good diversifiers for each other?
Not really. At 0.90, the two trade almost as one position, and owning both buys little extra protection.
FAQ
What is the correlation between BY and PEBO?
As of 2026-08-27, the correlation of weekly returns between BY and PEBO is 0.90 over 3 years, 0.93 over 1 year and 0.81 over 5 years.
Is PEBO a good diversifier for BY?
Not really. At 0.90, the two trade almost as one position, and owning both buys little extra protection.
What does a correlation of 0.90 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 · PEBO correlations
