HOMB vs OZK: Correlation
How closely do Home BancShares, Inc. (HOMB) and Bank OZK (OZK) trade together? Their weekly returns over three years give a correlation of 0.85, which is very strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HOMB and OZK?
Across a 3-year window, the weekly returns of HOMB and OZK correlate at 0.85, very strong, meaning they move nearly in lockstep. The relationship has been stable: the 1-year correlation (0.77) sits close to the 3-year figure. Stretching to 5 years gives 0.83, with an annualized covariance of 686.8 %².
Among the 18 assets we track against HOMB, OZK ranks #6 by 3-year correlation. The trailing year gives HOMB the advantage: +1.8% versus -3.4%, a 5.2-point spread.
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.
HOMB vs OZK: side by side
| HOMB (Home BancShares, Inc.) | OZK (Bank OZK) | |
|---|---|---|
| 1-year return | +1.8% | -3.4% |
| 5-year return | +56.7% | +40.0% |
| Volatility (ann.) | 24.7% | 32.8% |
| Beta vs S&P 500 | 0.65 | 0.99 |
| Max drawdown (3Y) | -21.4% | -29.2% |
| Market cap | $5.9B | $5.4B |
| P/E (trailing) | 12.3 | 8.2 |
| Dividend yield | 2.78% | 3.68% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HOMB | OZK |
|---|---|---|
| 2022 | -3.7% | -11.2% |
| 2023 | +14.8% | +29.1% |
| 2024 | +15.0% | -7.4% |
| 2025 | +0.9% | +7.4% |
| 2026 | +9.2% | +10.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HOMB and OZK good diversifiers for each other?
Not really. At 0.85, the two trade almost as one position, and owning both buys little extra protection.
FAQ
What is the correlation between HOMB and OZK?
As of 2026-08-27, the correlation of weekly returns between HOMB and OZK is 0.85 over 3 years, 0.77 over 1 year and 0.83 over 5 years.
Is OZK a good diversifier for HOMB?
Not really. At 0.85, the two trade almost as one position, and owning both buys little extra protection.
What does a correlation of 0.85 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: HOMB correlations · OZK correlations
