BYFC vs PDCC: Correlation
Measured on weekly returns over the past three years, Broadway Financial Corporation (BYFC) and Pearl Diver Credit Company Inc. (PDCC) carry a correlation of 0.32, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BYFC and PDCC?
Over the past 3 years, BYFC and PDCC moved with a correlation of 0.32, which is moderate. Little has changed lately, as the 1-year reading of 0.28 lands near the 3-year figure. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 374.8 %².
Among the 12 assets we track against BYFC, PDCC ranks #6 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months BYFC outperformed by 92.8 percentage points (+54.8% for BYFC against -38.0% for PDCC). One caveat on sizing: BYFC is 1.8 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 PDCC: side by side
| BYFC (Broadway Financial Corporation) | PDCC (Pearl Diver Credit Company Inc.) | |
|---|---|---|
| 1-year return | +54.8% | -38.0% |
| 5-year return | -59.2% | n/a |
| Volatility (ann.) | 47.2% | 26.4% |
| Beta vs S&P 500 | 0.86 | 0.17 |
| Max drawdown (3Y) | -43.5% | -47.3% |
| Market cap | $0.1B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BYFC | PDCC |
|---|---|---|
| 2022 | -56.3% | – |
| 2023 | -16.0% | – |
| 2024 | +0.9% | – |
| 2025 | +8.0% | -20.9% |
| 2026 | +62.8% | -27.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BYFC and PDCC good diversifiers for each other?
A fair diversifier. At 0.32, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between BYFC and PDCC?
As of 2026-08-27, the correlation of weekly returns between BYFC and PDCC is 0.32 over 3 years, 0.28 over 1 year and n/a over 5 years.
Is PDCC a good diversifier for BYFC?
A fair diversifier. At 0.32, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.32 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-pdcc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/byfc-vs-pdcc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BYFC correlations · PDCC correlations
