AMP vs KEY: Correlation
How closely do Ameriprise Financial (AMP) and KeyCorp (KEY) trade together? Their weekly returns over three years give a correlation of 0.67, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMP and KEY?
Across a 3-year window, the weekly returns of AMP and KEY correlate at 0.67, strong. Lately the two have drifted apart, with the 1-year correlation at 0.50 versus 0.67 over 3 years. Stretching to 5 years gives 0.67, with an annualized covariance of 534.1 %².
Within AMP's tracked universe of 34 assets, KEY comes in at #12 by 3-year correlation. The trailing year gives KEY the advantage: +8.7% versus +18.4%, a 9.7-point spread. Across three years, the rolling one-year figure varied moderately, from 0.48 to 0.82.
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.
AMP vs KEY: side by side
| AMP (Ameriprise Financial) | KEY (KeyCorp) | |
|---|---|---|
| 1-year return | +8.7% | +18.4% |
| 5-year return | +119.2% | +38.0% |
| Volatility (ann.) | 25.0% | 32.1% |
| Beta vs S&P 500 | 1.09 | 1.25 |
| Max drawdown (3Y) | -26.4% | -32.2% |
| Market cap | $49.1B | $23.5B |
| P/E (trailing) | 13.5 | 13.0 |
| Dividend yield | 1.16% | 3.71% |
| Sector / category | Financials | Financials |
Year-by-year returns
| Year | AMP | KEY |
|---|---|---|
| 2022 | +5.0% | -21.7% |
| 2023 | +24.0% | -11.5% |
| 2024 | +42.1% | +25.3% |
| 2025 | -6.7% | +26.2% |
| 2026 | +14.5% | +8.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMP and KEY good diversifiers for each other?
Only partially. A correlation of 0.67 means AMP and KEY share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between AMP and KEY?
Using weekly returns as of 2026-08-27: 0.67 over 3 years, with 0.50 over the last year and 0.67 over 5 years.
Is KEY a good diversifier for AMP?
Only partially. A correlation of 0.67 means AMP and KEY share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.67 mean?
A reading of 0.67 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/amp-vs-key.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/amp-vs-key/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AMP correlations · KEY correlations
