BYD vs WTFC: Correlation
Boyd Gaming Corporation (BYD) and Wintrust Financial Corporation (WTFC) show a moderate relationship: their 3-year correlation of weekly returns is 0.57.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BYD and WTFC?
Over the past 3 years, BYD and WTFC moved with a correlation of 0.57, which is moderate. The link has loosened recently: the 1-year correlation (0.43) runs below the 3-year figure (0.57). Over 5 years the correlation is 0.55, and the annualized covariance of weekly returns is 396.2 %².
Among the 11 assets we track against BYD, WTFC ranks #5 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months WTFC outperformed by 20.7 percentage points (-8.0% for BYD against +12.7% for WTFC).
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 WTFC: side by side
| BYD (Boyd Gaming Corporation) | WTFC (Wintrust Financial Corporation) | |
|---|---|---|
| 1-year return | -8.0% | +12.7% |
| 5-year return | +34.3% | +127.7% |
| Volatility (ann.) | 25.2% | 27.6% |
| Beta vs S&P 500 | 0.73 | 1.06 |
| Max drawdown (3Y) | -25.6% | -31.0% |
| Market cap | $5.8B | $10.3B |
| P/E (trailing) | 3.6 | 12.3 |
| Dividend yield | 0.94% | 1.37% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BYD | WTFC |
|---|---|---|
| 2022 | -15.9% | -5.5% |
| 2023 | +16.0% | +12.0% |
| 2024 | +17.1% | +36.8% |
| 2025 | +18.6% | +13.9% |
| 2026 | -6.1% | +10.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BYD and WTFC good diversifiers for each other?
Only partially. A correlation of 0.57 means BYD and WTFC 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 WTFC?
As of 2026-08-27, the correlation of weekly returns between BYD and WTFC is 0.57 over 3 years, 0.43 over 1 year and 0.55 over 5 years.
Is WTFC a good diversifier for BYD?
Only partially. A correlation of 0.57 means BYD and WTFC share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.57 mean?
On the −1 to +1 scale, 0.57 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: BYD correlations · WTFC correlations
