FNB vs KEY: Correlation
F.N.B. Corporation (FNB) and KeyCorp (KEY) show a very strong relationship: their 3-year correlation of weekly returns is 0.88.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FNB and KEY?
Over the past 3 years, FNB and KEY moved with a correlation of 0.88, which is very strong, meaning they move nearly in lockstep. The relationship has been stable: the 1-year correlation (0.90) sits close to the 3-year figure. Over 5 years the correlation is 0.84, and the annualized covariance of weekly returns is 778.7 %².
By 3-year correlation, KEY places #12 of the 53 assets tracked against FNB. Twelve-month performance is nearly a tie, at +13.4% for FNB and +18.4% for KEY.
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.
FNB vs KEY: side by side
| FNB (F.N.B. Corporation) | KEY (KeyCorp) | |
|---|---|---|
| 1-year return | +13.4% | +18.4% |
| 5-year return | +91.1% | +38.0% |
| Volatility (ann.) | 27.4% | 32.1% |
| Beta vs S&P 500 | 1.03 | 1.25 |
| Max drawdown (3Y) | -32.6% | -32.2% |
| Market cap | $6.6B | $23.5B |
| P/E (trailing) | 11.0 | 13.0 |
| Dividend yield | 2.65% | 3.71% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | FNB | KEY |
|---|---|---|
| 2022 | +11.7% | -21.7% |
| 2023 | +9.8% | -11.5% |
| 2024 | +11.0% | +25.3% |
| 2025 | +19.4% | +26.2% |
| 2026 | +9.7% | +8.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FNB and KEY good diversifiers for each other?
No: a correlation of 0.88 means FNB and KEY tend to fall together, which is precisely when diversification is supposed to help.
FAQ
What is the correlation between FNB and KEY?
As of 2026-08-27, the correlation of weekly returns between FNB and KEY is 0.88 over 3 years, 0.90 over 1 year and 0.84 over 5 years.
Is KEY a good diversifier for FNB?
No: a correlation of 0.88 means FNB and KEY tend to fall together, which is precisely when diversification is supposed to help.
What does a correlation of 0.88 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/fnb-vs-key.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fnb-vs-key/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: FNB correlations · KEY correlations
