FRAF vs OZK: Correlation
Franklin Financial Services Corporation (FRAF) and Bank OZK (OZK) 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 FRAF and OZK?
Over the past 3 years, FRAF and OZK moved with a correlation of 0.39, which is moderate. Little has changed lately, as the 1-year reading of 0.46 lands near the 3-year figure. Over 5 years the correlation is 0.36, and the annualized covariance of weekly returns is 411.3 %².
Among the 15 assets we track against FRAF, OZK ranks #4 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months FRAF outperformed by 40.2 percentage points (+36.8% for FRAF against -3.4% for OZK).
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.
FRAF vs OZK: side by side
| FRAF (Franklin Financial Services Corporation) | OZK (Bank OZK) | |
|---|---|---|
| 1-year return | +36.8% | -3.4% |
| 5-year return | +133.8% | +40.0% |
| Volatility (ann.) | 31.7% | 32.8% |
| Beta vs S&P 500 | 0.22 | 0.99 |
| Max drawdown (3Y) | -25.5% | -29.2% |
| Market cap | $0.3B | $5.4B |
| P/E (trailing) | 11.3 | 8.2 |
| Dividend yield | 2.14% | 3.68% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FRAF | OZK |
|---|---|---|
| 2022 | +13.5% | -11.2% |
| 2023 | -8.8% | +29.1% |
| 2024 | -1.4% | -7.4% |
| 2025 | +73.5% | +7.4% |
| 2026 | +25.9% | +10.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FRAF and OZK good diversifiers for each other?
Reasonably. At 0.39, FRAF and OZK keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between FRAF and OZK?
As of 2026-08-27, the correlation of weekly returns between FRAF and OZK is 0.39 over 3 years, 0.46 over 1 year and 0.36 over 5 years.
Is OZK a good diversifier for FRAF?
Reasonably. At 0.39, FRAF and OZK 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.
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Related comparisons
Hubs: FRAF correlations · OZK correlations
