FNB vs OZK: Correlation
F.N.B. Corporation (FNB) and Bank OZK (OZK) show a very strong relationship: their 3-year correlation of weekly returns is 0.86.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FNB and OZK?
Over the past 3 years, FNB and OZK moved with a correlation of 0.86, which is very strong, meaning they move nearly in lockstep. The relationship has been stable: the 1-year correlation (0.84) sits close to the 3-year figure. Over 5 years the correlation is 0.83, and the annualized covariance of weekly returns is 776.8 %².
Among the 53 assets we track against FNB, OZK ranks #21 by 3-year correlation. Correlation aside, the last 12 months split them widely, with FNB ahead by 16.8 points (+13.4% versus -3.4%).
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.
FNB vs OZK: side by side
| FNB (F.N.B. Corporation) | OZK (Bank OZK) | |
|---|---|---|
| 1-year return | +13.4% | -3.4% |
| 5-year return | +91.1% | +40.0% |
| Volatility (ann.) | 27.4% | 32.8% |
| Beta vs S&P 500 | 1.03 | 0.99 |
| Max drawdown (3Y) | -32.6% | -29.2% |
| Market cap | $6.6B | $5.4B |
| P/E (trailing) | 11.0 | 8.2 |
| Dividend yield | 2.65% | 3.68% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FNB | OZK |
|---|---|---|
| 2022 | +11.7% | -11.2% |
| 2023 | +9.8% | +29.1% |
| 2024 | +11.0% | -7.4% |
| 2025 | +19.4% | +7.4% |
| 2026 | +9.7% | +10.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FNB and OZK good diversifiers for each other?
Not really. At 0.86, the two trade almost as one position, and owning both buys little extra protection.
FAQ
What is the correlation between FNB and OZK?
As of 2026-08-27, the correlation of weekly returns between FNB and OZK is 0.86 over 3 years, 0.84 over 1 year and 0.83 over 5 years.
Is OZK a good diversifier for FNB?
Not really. At 0.86, the two trade almost as one position, and owning both buys little extra protection.
What does a correlation of 0.86 mean?
On the −1 to +1 scale, 0.86 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: FNB correlations · OZK correlations
