FCNCA vs KEY: Correlation
Measured on weekly returns over the past three years, First Citizens BancShares, Inc. (FCNCA) and KeyCorp (KEY) carry a correlation of 0.68, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FCNCA and KEY?
Across a 3-year window, the weekly returns of FCNCA and KEY correlate at 0.68, strong. Little has changed lately, as the 1-year reading of 0.74 lands near the 3-year figure. Stretching to 5 years gives 0.47, with an annualized covariance of 647.8 %².
Among the 11 assets we track against FCNCA, KEY ranks #4 by 3-year correlation. On 12-month performance KEY holds a 11.7-point edge, +6.7% against +18.4%.
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.
FCNCA vs KEY: side by side
| FCNCA (First Citizens BancShares, Inc.) | KEY (KeyCorp) | |
|---|---|---|
| 1-year return | +6.7% | +18.4% |
| 5-year return | +146.7% | +38.0% |
| Volatility (ann.) | 29.7% | 32.1% |
| Beta vs S&P 500 | 0.95 | 1.25 |
| Max drawdown (3Y) | -33.5% | -32.2% |
| Market cap | $24.4B | $23.5B |
| P/E (trailing) | 11.7 | 13.0 |
| Dividend yield | 0.38% | 3.71% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | FCNCA | KEY |
|---|---|---|
| 2022 | -8.4% | -21.7% |
| 2023 | +87.7% | -11.5% |
| 2024 | +49.5% | +25.3% |
| 2025 | +2.0% | +26.2% |
| 2026 | +0.9% | +8.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FCNCA and KEY good diversifiers for each other?
Only partially. A correlation of 0.68 means FCNCA 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 FCNCA and KEY?
The FCNCA/KEY correlation stands at 0.68 on a 3-year window (1 year: 0.74, 5 years: 0.47), computed from weekly returns as of 2026-08-27.
Is KEY a good diversifier for FCNCA?
Only partially. A correlation of 0.68 means FCNCA 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 0.68 mean?
On the −1 to +1 scale, 0.68 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/fcnca-vs-key.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fcnca-vs-key/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: FCNCA correlations · KEY correlations
