AXP vs KEY: Correlation
How closely do American Express (AXP) and KeyCorp (KEY) trade together? Their weekly returns over three years give a correlation of 0.72, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AXP and KEY?
Over the past 3 years, AXP and KEY moved with a correlation of 0.72, which is strong. The link has loosened recently: the 1-year correlation (0.56) runs below the 3-year figure (0.72). Over 5 years the correlation is 0.68, and the annualized covariance of weekly returns is 613.4 %².
Among the 35 assets we track against AXP, KEY ranks #7 by 3-year correlation. The trailing year gives KEY the advantage: +4.7% versus +18.4%, a 13.7-point spread. On a rolling one-year basis the correlation drifted between 0.53 and 0.84, a moderate band.
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.
AXP vs KEY: side by side
| AXP (American Express) | KEY (KeyCorp) | |
|---|---|---|
| 1-year return | +4.7% | +18.4% |
| 5-year return | +116.2% | +38.0% |
| Volatility (ann.) | 26.6% | 32.1% |
| Beta vs S&P 500 | 1.20 | 1.25 |
| Max drawdown (3Y) | -28.8% | -32.2% |
| Market cap | $225.7B | $23.5B |
| P/E (trailing) | 20.4 | 13.0 |
| Dividend yield | 1.05% | 3.71% |
| Sector / category | Financials | Financials |
Year-by-year returns
| Year | AXP | KEY |
|---|---|---|
| 2022 | -8.5% | -21.7% |
| 2023 | +28.7% | -11.5% |
| 2024 | +60.3% | +25.3% |
| 2025 | +26.0% | +26.2% |
| 2026 | -8.9% | +8.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AXP and KEY good diversifiers for each other?
Only partially. A correlation of 0.72 means AXP 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 AXP and KEY?
The AXP/KEY correlation stands at 0.72 on a 3-year window (1 year: 0.56, 5 years: 0.68), computed from weekly returns as of 2026-08-27.
Is KEY a good diversifier for AXP?
Only partially. A correlation of 0.72 means AXP 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 0.72 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/axp-vs-key.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/axp-vs-key/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AXP correlations · KEY correlations
