JXN vs KEY: Correlation
Measured on weekly returns over the past three years, Jackson Financial Inc. (JXN) and KeyCorp (KEY) carry a correlation of 0.65, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JXN and KEY?
Across a 3-year window, the weekly returns of JXN and KEY correlate at 0.65, strong. The link has loosened recently: the 1-year correlation (0.50) runs below the 3-year figure (0.65). Stretching to 5 years gives 0.60, with an annualized covariance of 716.2 %².
Few assets follow JXN as closely as KEY, which ranks #3 of 15 tracked partners. The last year tells two different stories: JXN led by 22.6 percentage points, +41.0% for JXN against +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.
JXN vs KEY: side by side
| JXN (Jackson Financial Inc.) | KEY (KeyCorp) | |
|---|---|---|
| 1-year return | +41.0% | +18.4% |
| 5-year return | +434.8% | +38.0% |
| Volatility (ann.) | 34.5% | 32.1% |
| Beta vs S&P 500 | 1.32 | 1.25 |
| Max drawdown (3Y) | -37.1% | -32.2% |
| Market cap | $9.0B | $23.5B |
| P/E (trailing) | 146.7 | 13.0 |
| Dividend yield | 2.54% | 3.71% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | JXN | KEY |
|---|---|---|
| 2022 | -11.5% | -21.7% |
| 2023 | +57.2% | -11.5% |
| 2024 | +76.5% | +25.3% |
| 2025 | +26.9% | +26.2% |
| 2026 | +27.3% | +8.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JXN and KEY good diversifiers for each other?
Only partially. A correlation of 0.65 means JXN 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 JXN and KEY?
Using weekly returns as of 2026-08-27: 0.65 over 3 years, with 0.50 over the last year and 0.60 over 5 years.
Is KEY a good diversifier for JXN?
Only partially. A correlation of 0.65 means JXN 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 0.65 mean?
On the −1 to +1 scale, 0.65 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/jxn-vs-key.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/jxn-vs-key/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: JXN correlations · KEY correlations
