HYT vs LSBK: Correlation
Blackrock Corporate High Yield Fund, Inc. (HYT) and Lake Shore Bancorp, Inc. (LSBK) show a moderate relationship: their 3-year correlation of weekly returns is 0.39.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HYT and LSBK?
Across a 3-year window, the weekly returns of HYT and LSBK correlate at 0.39, moderate. Recent behaviour matches the longer record: 0.38 over 1 year against 0.39 over 3. Stretching to 5 years gives 0.28, with an annualized covariance of 101.5 %².
By 3-year correlation, LSBK places #12 of the 17 assets tracked against HYT. Correlation aside, the last 12 months split them widely, with LSBK ahead by 34.9 points (-1.6% versus +33.3%). Risk is not evenly split, since LSBK carries 1.9 times the volatility of the other side.
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.
HYT vs LSBK: side by side
| HYT (Blackrock Corporate High Yield Fund, Inc.) | LSBK (Lake Shore Bancorp, Inc.) | |
|---|---|---|
| 1-year return | -1.6% | +33.3% |
| 5-year return | +7.9% | +80.0% |
| Volatility (ann.) | 11.6% | 22.5% |
| Beta vs S&P 500 | 0.52 | 0.37 |
| Max drawdown (3Y) | -14.0% | -15.8% |
| Market cap | $1.4B | $0.1B |
| P/E (trailing) | 9.1 | 15.1 |
| Dividend yield | 11.29% | 2.09% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HYT | LSBK |
|---|---|---|
| 2022 | -22.6% | -15.0% |
| 2023 | +19.9% | -3.0% |
| 2024 | +14.4% | +22.4% |
| 2025 | +0.0% | +48.2% |
| 2026 | +0.1% | +19.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HYT and LSBK good diversifiers for each other?
Reasonably. At 0.39, HYT and LSBK keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between HYT and LSBK?
Using weekly returns as of 2026-08-27: 0.39 over 3 years, with 0.38 over the last year and 0.28 over 5 years.
Is LSBK a good diversifier for HYT?
Reasonably. At 0.39, HYT and LSBK keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.39 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/hyt-vs-lsbk.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/hyt-vs-lsbk/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: HYT correlations · LSBK correlations
