KEY vs RJF: Correlation
Measured on weekly returns over the past three years, KeyCorp (KEY) and Raymond James Financial (RJF) carry a correlation of 0.66, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KEY and RJF?
On 3 years of weekly data the KEY/RJF correlation comes out at 0.66, strong. The past 12 months show a weaker link (0.51) than the 3-year average (0.66). The 5-year figure is 0.65, and annualized covariance runs at 524.2 %².
Among the 59 assets we track against KEY, RJF ranks #36 by 3-year correlation. Over the last 12 months KEY came out ahead by 12.1 percentage points (+18.4% against +6.3%). Across three years, the rolling one-year figure varied moderately, from 0.49 to 0.79.
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 RJF: side by side
| KEY (KeyCorp) | RJF (Raymond James Financial) | |
|---|---|---|
| 1-year return | +18.4% | +6.3% |
| 5-year return | +38.0% | +102.1% |
| Volatility (ann.) | 32.1% | 24.8% |
| Beta vs S&P 500 | 1.25 | 1.03 |
| Max drawdown (3Y) | -32.2% | -28.1% |
| Market cap | $23.5B | $33.8B |
| P/E (trailing) | 13.0 | 15.4 |
| Dividend yield | 3.71% | 1.20% |
| Sector / category | Financials | Financials |
Year-by-year returns
| Year | KEY | RJF |
|---|---|---|
| 2022 | -21.7% | +8.3% |
| 2023 | -11.5% | +6.1% |
| 2024 | +25.3% | +40.8% |
| 2025 | +26.2% | +4.7% |
| 2026 | +8.8% | +10.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KEY and RJF good diversifiers for each other?
To a limited degree. At 0.66 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 RJF?
As of 2026-08-27, the correlation of weekly returns between KEY and RJF is 0.66 over 3 years, 0.51 over 1 year and 0.65 over 5 years.
Is RJF a good diversifier for KEY?
To a limited degree. At 0.66 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 0.66 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-rjf.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/key-vs-rjf/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: KEY correlations · RJF correlations
