BY vs SYBT: Correlation
How closely do Byline Bancorp, Inc. (BY) and Stock Yards Bancorp, Inc. (SYBT) trade together? Their weekly returns over three years give a correlation of 0.85, which is very strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BY and SYBT?
Across a 3-year window, the weekly returns of BY and SYBT correlate at 0.85, very strong, meaning they move nearly in lockstep. The relationship has been stable: the 1-year correlation (0.79) sits close to the 3-year figure. Stretching to 5 years gives 0.74, with an annualized covariance of 679.6 %².
Among the 70 assets we track against BY, SYBT ranks #24 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months BY outperformed by 33.6 percentage points (+32.5% for BY against -1.1% for SYBT).
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 SYBT: side by side
| BY (Byline Bancorp, Inc.) | SYBT (Stock Yards Bancorp, Inc.) | |
|---|---|---|
| 1-year return | +32.5% | -1.1% |
| 5-year return | +66.2% | +73.4% |
| Volatility (ann.) | 26.8% | 29.9% |
| Beta vs S&P 500 | 0.80 | 0.94 |
| Max drawdown (3Y) | -27.2% | -24.2% |
| Market cap | $1.7B | $2.5B |
| P/E (trailing) | 11.5 | 16.0 |
| Dividend yield | 1.15% | 1.60% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BY | SYBT |
|---|---|---|
| 2022 | -14.7% | +3.6% |
| 2023 | +4.3% | -18.8% |
| 2024 | +25.0% | +42.2% |
| 2025 | +2.0% | -7.7% |
| 2026 | +32.7% | +23.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BY and SYBT 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 SYBT?
As of 2026-08-27, the correlation of weekly returns between BY and SYBT is 0.85 over 3 years, 0.79 over 1 year and 0.74 over 5 years.
Is SYBT 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.
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Related comparisons
Hubs: BY correlations · SYBT correlations
