HWC vs OZK: Correlation
How closely do Hancock Whitney Corporation (HWC) and Bank OZK (OZK) trade together? Their weekly returns over three years give a correlation of 0.83, which is very strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HWC and OZK?
Over the past 3 years, HWC and OZK moved with a correlation of 0.83, which is very strong, meaning they move nearly in lockstep. The relationship has been stable: the 1-year correlation (0.88) sits close to the 3-year figure. Over 5 years the correlation is 0.80, and the annualized covariance of weekly returns is 840.7 %².
Among the 34 assets we track against HWC, OZK ranks #20 by 3-year correlation. The last year tells two different stories: HWC led by 25.0 percentage points, +21.6% for HWC 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.
HWC vs OZK: side by side
| HWC (Hancock Whitney Corporation) | OZK (Bank OZK) | |
|---|---|---|
| 1-year return | +21.6% | -3.4% |
| 5-year return | +89.0% | +40.0% |
| Volatility (ann.) | 30.7% | 32.8% |
| Beta vs S&P 500 | 1.03 | 0.99 |
| Max drawdown (3Y) | -23.9% | -29.2% |
| Market cap | $6.0B | $5.4B |
| P/E (trailing) | 14.7 | 8.2 |
| Dividend yield | 2.53% | 3.68% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HWC | OZK |
|---|---|---|
| 2022 | -1.2% | -11.2% |
| 2023 | +3.3% | +29.1% |
| 2024 | +16.1% | -7.4% |
| 2025 | +20.0% | +7.4% |
| 2026 | +19.5% | +10.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HWC and OZK good diversifiers for each other?
Not really. At 0.83, the two trade almost as one position, and owning both buys little extra protection.
FAQ
What is the correlation between HWC and OZK?
Using weekly returns as of 2026-08-27: 0.83 over 3 years, with 0.88 over the last year and 0.80 over 5 years.
Is OZK a good diversifier for HWC?
Not really. At 0.83, the two trade almost as one position, and owning both buys little extra protection.
What does a correlation of 0.83 mean?
A reading of 0.83 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: HWC correlations · OZK correlations
