BYFC vs DEC: Correlation
Measured on weekly returns over the past three years, Broadway Financial Corporation (BYFC) and Diversified Energy Company (DEC) carry a correlation of -0.24, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BYFC and DEC?
On 3 years of weekly data the BYFC/DEC correlation comes out at -0.24, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.03 versus -0.24 over 3 years. The 5-year figure is n/a, and annualized covariance runs at nan %².
Among the 12 assets we track against BYFC, DEC sits near the bottom by co-movement, at rank #11. Correlation aside, the last 12 months split them widely, with BYFC ahead by 55.5 points (+54.8% versus -0.7%).
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.
BYFC vs DEC: side by side
| BYFC (Broadway Financial Corporation) | DEC (Diversified Energy Company) | |
|---|---|---|
| 1-year return | +54.8% | -0.7% |
| 5-year return | -59.2% | n/a |
| Volatility (ann.) | 47.2% | n/a |
| Beta vs S&P 500 | 0.86 | nan |
| Max drawdown (3Y) | -43.5% | -36.6% |
| Market cap | $0.1B | $1.0B |
| P/E (trailing) | – | 2.5 |
| Dividend yield | 0.00% | 7.77% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BYFC | DEC |
|---|---|---|
| 2022 | -56.3% | – |
| 2023 | -16.0% | +inf% |
| 2024 | +0.9% | +30.4% |
| 2025 | +8.0% | -4.7% |
| 2026 | +62.8% | +8.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BYFC and DEC good diversifiers for each other?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between BYFC and DEC?
Using weekly returns as of 2026-08-27: -0.24 over 3 years, with -0.03 over the last year and n/a over 5 years.
Is DEC a good diversifier for BYFC?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.24 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/byfc-vs-dec.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/byfc-vs-dec/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BYFC correlations · DEC correlations
