BY vs PGC: Correlation
How closely do Byline Bancorp, Inc. (BY) and Peapack-Gl (PGC) trade together? Their weekly returns over three years give a correlation of 0.82, which is very strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BY and PGC?
Over the past 3 years, BY and PGC moved with a correlation of 0.82, which is very strong, meaning they move nearly in lockstep. The relationship has been stable: the 1-year correlation (0.78) sits close to the 3-year figure. Over 5 years the correlation is 0.76, and the annualized covariance of weekly returns is 753.7 %².
By 3-year correlation, PGC places #33 of the 70 assets tracked against BY. The last year tells two different stories: PGC led by 25.2 percentage points, +32.5% for BY against +57.7% for PGC.
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 PGC: side by side
| BY (Byline Bancorp, Inc.) | PGC (Peapack-Gl) | |
|---|---|---|
| 1-year return | +32.5% | +57.7% |
| 5-year return | +66.2% | +41.8% |
| Volatility (ann.) | 26.8% | 34.4% |
| Beta vs S&P 500 | 0.80 | 0.88 |
| Max drawdown (3Y) | -27.2% | -34.2% |
| Market cap | $1.7B | $0.8B |
| P/E (trailing) | 11.5 | 15.7 |
| Dividend yield | 1.15% | 0.44% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BY | PGC |
|---|---|---|
| 2022 | -14.7% | +5.7% |
| 2023 | +4.3% | -19.3% |
| 2024 | +25.0% | +8.3% |
| 2025 | +2.0% | -12.5% |
| 2026 | +32.7% | +62.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BY and PGC good diversifiers for each other?
Not really. At 0.82, the two trade almost as one position, and owning both buys little extra protection.
FAQ
What is the correlation between BY and PGC?
Using weekly returns as of 2026-08-27: 0.82 over 3 years, with 0.78 over the last year and 0.76 over 5 years.
Is PGC a good diversifier for BY?
Not really. At 0.82, the two trade almost as one position, and owning both buys little extra protection.
What does a correlation of 0.82 mean?
A reading of 0.82 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-pgc.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/by-vs-pgc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BY correlations · PGC correlations
