KEY vs OUT: Correlation
How closely do KeyCorp (KEY) and OUTFRONT Media Inc. (OUT) trade together? Their weekly returns over three years give a correlation of 0.63, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KEY and OUT?
Across a 3-year window, the weekly returns of KEY and OUT correlate at 0.63, strong. The past 12 months show a weaker link (0.40) than the 3-year average (0.63). Stretching to 5 years gives 0.58, with an annualized covariance of 757.1 %².
Among the 59 assets we track against KEY, OUT ranks #40 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months OUT outperformed by 48.4 percentage points (+18.4% for KEY against +66.8% for OUT).
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.
KEY vs OUT: side by side
| KEY (KeyCorp) | OUT (OUTFRONT Media Inc.) | |
|---|---|---|
| 1-year return | +18.4% | +66.8% |
| 5-year return | +38.0% | +65.9% |
| Volatility (ann.) | 32.1% | 37.2% |
| Beta vs S&P 500 | 1.25 | 1.22 |
| Max drawdown (3Y) | -32.2% | -32.0% |
| Market cap | $23.5B | $5.3B |
| P/E (trailing) | 13.0 | 21.9 |
| Dividend yield | 3.71% | 3.92% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | KEY | OUT |
|---|---|---|
| 2022 | -21.7% | -34.4% |
| 2023 | -11.5% | -8.0% |
| 2024 | +25.3% | +40.6% |
| 2025 | +26.2% | +41.5% |
| 2026 | +8.8% | +27.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KEY and OUT good diversifiers for each other?
To a limited degree. At 0.63 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between KEY and OUT?
The KEY/OUT correlation stands at 0.63 on a 3-year window (1 year: 0.40, 5 years: 0.58), computed from weekly returns as of 2026-08-27.
Is OUT a good diversifier for KEY?
To a limited degree. At 0.63 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.63 mean?
On the −1 to +1 scale, 0.63 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/key-vs-out.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/key-vs-out/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: KEY correlations · OUT correlations
