BY vs SMBK: Correlation
Measured on weekly returns over the past three years, Byline Bancorp, Inc. (BY) and SmartFinancial, Inc. (SMBK) carry a correlation of 0.85, a very strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BY and SMBK?
On 3 years of weekly data the BY/SMBK correlation comes out at 0.85, very strong, meaning they move nearly in lockstep. Recent behaviour matches the longer record: 0.87 over 1 year against 0.85 over 3. The 5-year figure is 0.77, and annualized covariance runs at 656.4 %².
Among the 70 assets we track against BY, SMBK ranks #23 by 3-year correlation. On 12-month performance SMBK holds a 5.1-point edge, +32.5% against +37.6%.
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 SMBK: side by side
| BY (Byline Bancorp, Inc.) | SMBK (SmartFinancial, Inc.) | |
|---|---|---|
| 1-year return | +32.5% | +37.6% |
| 5-year return | +66.2% | +113.7% |
| Volatility (ann.) | 26.8% | 28.9% |
| Beta vs S&P 500 | 0.80 | 0.84 |
| Max drawdown (3Y) | -27.2% | -26.4% |
| Market cap | $1.7B | $0.9B |
| P/E (trailing) | 11.5 | 14.9 |
| Dividend yield | 1.15% | 0.65% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BY | SMBK |
|---|---|---|
| 2022 | -14.7% | +1.6% |
| 2023 | +4.3% | -9.7% |
| 2024 | +25.0% | +28.1% |
| 2025 | +2.0% | +20.5% |
| 2026 | +32.7% | +37.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BY and SMBK good diversifiers for each other?
Not really. At 0.85, the two trade almost as one position, and owning both buys little extra protection.
FAQ
What is the correlation between BY and SMBK?
As of 2026-08-27, the correlation of weekly returns between BY and SMBK is 0.85 over 3 years, 0.87 over 1 year and 0.77 over 5 years.
Is SMBK a good diversifier for BY?
Not really. At 0.85, the two trade almost as one position, and owning both buys little extra protection.
What does a correlation of 0.85 mean?
On the −1 to +1 scale, 0.85 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-smbk.json
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Related comparisons
Hubs: BY correlations · SMBK correlations
