BYD vs SFNC: Correlation
Measured on weekly returns over the past three years, Boyd Gaming Corporation (BYD) and Simmons First National Corporation (SFNC) carry a correlation of 0.59, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BYD and SFNC?
Across a 3-year window, the weekly returns of BYD and SFNC correlate at 0.59, moderate. Recent behaviour matches the longer record: 0.49 over 1 year against 0.59 over 3. Stretching to 5 years gives 0.50, with an annualized covariance of 429.1 %².
Few assets follow BYD as closely as SFNC, which ranks #3 of 11 tracked partners. The last year tells two different stories: SFNC led by 21.5 percentage points, -8.0% for BYD against +13.5% for SFNC.
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.
BYD vs SFNC: side by side
| BYD (Boyd Gaming Corporation) | SFNC (Simmons First National Corporation) | |
|---|---|---|
| 1-year return | -8.0% | +13.5% |
| 5-year return | +34.3% | -3.8% |
| Volatility (ann.) | 25.2% | 28.9% |
| Beta vs S&P 500 | 0.73 | 0.88 |
| Max drawdown (3Y) | -25.6% | -30.5% |
| Market cap | $5.8B | $3.3B |
| P/E (trailing) | 3.6 | – |
| Dividend yield | 0.94% | 3.75% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BYD | SFNC |
|---|---|---|
| 2022 | -15.9% | -24.6% |
| 2023 | +16.0% | -4.0% |
| 2024 | +17.1% | +16.7% |
| 2025 | +18.6% | -11.3% |
| 2026 | -6.1% | +22.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BYD and SFNC good diversifiers for each other?
Only partially. A correlation of 0.59 means BYD and SFNC share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between BYD and SFNC?
The BYD/SFNC correlation stands at 0.59 on a 3-year window (1 year: 0.49, 5 years: 0.50), computed from weekly returns as of 2026-08-27.
Is SFNC a good diversifier for BYD?
Only partially. A correlation of 0.59 means BYD and SFNC share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.59 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: BYD correlations · SFNC correlations
