GS vs KEY: Correlation
Measured on weekly returns over the past three years, Goldman Sachs (GS) and KeyCorp (KEY) carry a correlation of 0.75, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GS and KEY?
On 3 years of weekly data the GS/KEY correlation comes out at 0.75, strong. The past 12 months show a weaker link (0.55) than the 3-year average (0.75). The 5-year figure is 0.72, and annualized covariance runs at 646.9 %².
Among the 41 assets we track against GS, KEY ranks #13 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months GS outperformed by 23.2 percentage points (+41.6% for GS against +18.4% for KEY). Across three years, the rolling one-year figure varied moderately, from 0.57 to 0.90.
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.
GS vs KEY: side by side
| GS (Goldman Sachs) | KEY (KeyCorp) | |
|---|---|---|
| 1-year return | +41.6% | +18.4% |
| 5-year return | +184.1% | +38.0% |
| Volatility (ann.) | 27.0% | 32.1% |
| Beta vs S&P 500 | 1.34 | 1.25 |
| Max drawdown (3Y) | -30.9% | -32.2% |
| Market cap | $303.1B | $23.5B |
| P/E (trailing) | 16.1 | 13.0 |
| Dividend yield | 1.63% | 3.71% |
| Sector / category | Financials | Financials |
Year-by-year returns
| Year | GS | KEY |
|---|---|---|
| 2022 | -7.9% | -21.7% |
| 2023 | +15.9% | -11.5% |
| 2024 | +52.0% | +25.3% |
| 2025 | +56.6% | +26.2% |
| 2026 | +19.6% | +8.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GS and KEY good diversifiers for each other?
Only partially. A correlation of 0.75 means GS 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 GS and KEY?
Using weekly returns as of 2026-08-27: 0.75 over 3 years, with 0.55 over the last year and 0.72 over 5 years.
Is KEY a good diversifier for GS?
Only partially. A correlation of 0.75 means GS 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 0.75 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/gs-vs-key.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/gs-vs-key/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: GS correlations · KEY correlations
