OZK vs TFC: Correlation
Measured on weekly returns over the past three years, Bank OZK (OZK) and Truist Financial (TFC) carry a correlation of 0.82, a very strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are OZK and TFC?
Over the past 3 years, OZK and TFC moved with a correlation of 0.82, which is very strong, meaning they move nearly in lockstep. Little has changed lately, as the 1-year reading of 0.81 lands near the 3-year figure. Over 5 years the correlation is 0.77, and the annualized covariance of weekly returns is 757.9 %².
Among the 13 assets we track against OZK, TFC ranks #5 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months TFC outperformed by 15.5 percentage points (-3.4% for OZK against +12.1% for TFC).
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.
OZK vs TFC: side by side
| OZK (Bank OZK) | TFC (Truist Financial) | |
|---|---|---|
| 1-year return | -3.4% | +12.1% |
| 5-year return | +40.0% | +12.7% |
| Volatility (ann.) | 32.8% | 28.0% |
| Beta vs S&P 500 | 0.99 | 1.07 |
| Max drawdown (3Y) | -29.2% | -26.9% |
| Market cap | $5.4B | $61.4B |
| P/E (trailing) | 8.2 | 11.6 |
| Dividend yield | 3.68% | 4.10% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | OZK | TFC |
|---|---|---|
| 2022 | -11.2% | -23.5% |
| 2023 | +29.1% | -8.6% |
| 2024 | -7.4% | +23.7% |
| 2025 | +7.4% | +19.0% |
| 2026 | +10.6% | +5.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OZK and TFC good diversifiers for each other?
No. With a correlation of 0.82, OZK and TFC move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between OZK and TFC?
The OZK/TFC correlation stands at 0.82 on a 3-year window (1 year: 0.81, 5 years: 0.77), computed from weekly returns as of 2026-08-27.
Is TFC a good diversifier for OZK?
No. With a correlation of 0.82, OZK and TFC move nearly in lockstep, so holding both adds very little diversification.
What does a correlation of 0.82 mean?
A reading of 0.82 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ozk-vs-tfc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ozk-vs-tfc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: OZK correlations · TFC correlations
