BY vs RRBI: Correlation
How closely do Byline Bancorp, Inc. (BY) and Red River Bancshares, Inc. (RRBI) trade together? Their weekly returns over three years give a correlation of 0.74, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BY and RRBI?
On 3 years of weekly data the BY/RRBI correlation comes out at 0.74, strong. Recent behaviour matches the longer record: 0.74 over 1 year against 0.74 over 3. The 5-year figure is 0.58, and annualized covariance runs at 473.3 %².
Within BY's tracked universe of 70 assets, RRBI comes in at #48 by 3-year correlation. Correlation aside, the last 12 months split them widely, with RRBI ahead by 22.3 points (+32.5% versus +54.8%).
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 RRBI: side by side
| BY (Byline Bancorp, Inc.) | RRBI (Red River Bancshares, Inc.) | |
|---|---|---|
| 1-year return | +32.5% | +54.8% |
| 5-year return | +66.2% | +108.4% |
| Volatility (ann.) | 26.8% | 23.7% |
| Beta vs S&P 500 | 0.80 | 0.62 |
| Max drawdown (3Y) | -27.2% | -23.0% |
| Market cap | $1.7B | $0.7B |
| P/E (trailing) | 11.5 | 14.5 |
| Dividend yield | 1.15% | 0.79% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BY | RRBI |
|---|---|---|
| 2022 | -14.7% | -4.0% |
| 2023 | +4.3% | +10.6% |
| 2024 | +25.0% | -3.1% |
| 2025 | +2.0% | +33.5% |
| 2026 | +32.7% | +42.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BY and RRBI good diversifiers for each other?
Somewhat, no more. With 0.74 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between BY and RRBI?
Using weekly returns as of 2026-08-27: 0.74 over 3 years, with 0.74 over the last year and 0.58 over 5 years.
Is RRBI a good diversifier for BY?
Somewhat, no more. With 0.74 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.74 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/by-vs-rrbi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/by-vs-rrbi/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BY correlations · RRBI correlations
