IIIN vs OZK: Correlation
Insteel Industries, Inc. (IIIN) and Bank OZK (OZK) show a moderate relationship: their 3-year correlation of weekly returns is 0.56.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IIIN and OZK?
On 3 years of weekly data the IIIN/OZK correlation comes out at 0.56, moderate. The link has loosened recently: the 1-year correlation (0.40) runs below the 3-year figure (0.56). The 5-year figure is 0.50, and annualized covariance runs at 728.8 %².
By 3-year correlation, OZK places #5 of the 17 assets tracked against IIIN. On 12-month performance OZK holds a 14.8-point edge, -18.2% against -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.
IIIN vs OZK: side by side
| IIIN (Insteel Industries, Inc.) | OZK (Bank OZK) | |
|---|---|---|
| 1-year return | -18.2% | -3.4% |
| 5-year return | +6.5% | +40.0% |
| Volatility (ann.) | 39.5% | 32.8% |
| Beta vs S&P 500 | 0.99 | 0.99 |
| Max drawdown (3Y) | -37.0% | -29.2% |
| Market cap | $0.6B | $5.4B |
| P/E (trailing) | 16.3 | 8.2 |
| Dividend yield | 0.39% | 3.68% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IIIN | OZK |
|---|---|---|
| 2022 | -25.6% | -11.2% |
| 2023 | +50.0% | +29.1% |
| 2024 | -26.8% | -7.4% |
| 2025 | +21.5% | +7.4% |
| 2026 | -3.1% | +10.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IIIN and OZK good diversifiers for each other?
To a limited degree. At 0.56 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between IIIN and OZK?
Using weekly returns as of 2026-08-27: 0.56 over 3 years, with 0.40 over the last year and 0.50 over 5 years.
Is OZK a good diversifier for IIIN?
To a limited degree. At 0.56 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.56 mean?
A reading of 0.56 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: IIIN correlations · OZK correlations
