BLX vs KEY: Correlation
Measured on weekly returns over the past three years, Bladex, Inc. (BLX) and KeyCorp (KEY) carry a correlation of 0.49, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BLX and KEY?
On 3 years of weekly data the BLX/KEY correlation comes out at 0.49, moderate. The link has loosened recently: the 1-year correlation (0.31) runs below the 3-year figure (0.49). The 5-year figure is 0.46, and annualized covariance runs at 401.1 %².
Few assets follow BLX as closely as KEY, which ranks #3 of 10 tracked partners. The trailing year gives BLX the advantage: +24.5% versus +18.4%, a 6.1-point spread.
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.
BLX vs KEY: side by side
| BLX (Bladex, Inc.) | KEY (KeyCorp) | |
|---|---|---|
| 1-year return | +24.5% | +18.4% |
| 5-year return | +326.0% | +38.0% |
| Volatility (ann.) | 25.5% | 32.1% |
| Beta vs S&P 500 | 0.59 | 1.25 |
| Max drawdown (3Y) | -21.0% | -32.2% |
| Market cap | – | $23.5B |
| P/E (trailing) | 9.0 | 13.0 |
| Dividend yield | 4.93% | 3.71% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | BLX | KEY |
|---|---|---|
| 2022 | +4.3% | -21.7% |
| 2023 | +60.6% | -11.5% |
| 2024 | +53.7% | +25.3% |
| 2025 | +29.4% | +26.2% |
| 2026 | +27.6% | +8.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BLX and KEY good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.49 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between BLX and KEY?
Using weekly returns as of 2026-08-27: 0.49 over 3 years, with 0.31 over the last year and 0.46 over 5 years.
Is KEY a good diversifier for BLX?
Yes, to a useful degree: a correlation of 0.49 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.49 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/blx-vs-key.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/blx-vs-key/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BLX correlations · KEY correlations
