KEY vs PHIN: Correlation
Measured on weekly returns over the past three years, KeyCorp (KEY) and PHINIA Inc. (PHIN) 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 KEY and PHIN?
Over the past 3 years, KEY and PHIN moved with a correlation of 0.65, which is strong. The link has loosened recently: the 1-year correlation (0.52) runs below the 3-year figure (0.65). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 684.1 %².
Within KEY's tracked universe of 59 assets, PHIN comes in at #38 by 3-year correlation. Their 12-month results are close: +18.4% for KEY against +16.9% for PHIN.
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 PHIN: side by side
| KEY (KeyCorp) | PHIN (PHINIA Inc.) | |
|---|---|---|
| 1-year return | +18.4% | +16.9% |
| 5-year return | +38.0% | n/a |
| Volatility (ann.) | 32.1% | 33.0% |
| Beta vs S&P 500 | 1.25 | 1.01 |
| Max drawdown (3Y) | -32.2% | -32.9% |
| Market cap | $23.5B | $2.5B |
| P/E (trailing) | 13.0 | 20.1 |
| Dividend yield | 3.71% | 1.63% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | KEY | PHIN |
|---|---|---|
| 2022 | -21.7% | – |
| 2023 | -11.5% | – |
| 2024 | +25.3% | +62.7% |
| 2025 | +26.2% | +33.0% |
| 2026 | +8.8% | +9.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KEY and PHIN good diversifiers for each other?
Somewhat, no more. With 0.65 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between KEY and PHIN?
Using weekly returns as of 2026-08-27: 0.65 over 3 years, with 0.52 over the last year and n/a over 5 years.
Is PHIN a good diversifier for KEY?
Somewhat, no more. With 0.65 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.65 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/key-vs-phin.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/key-vs-phin/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: KEY correlations · PHIN correlations
