KEY vs SCHW: Correlation
Measured on weekly returns over the past three years, KeyCorp (KEY) and Charles Schwab Corporation (SCHW) carry a correlation of 0.56, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KEY and SCHW?
On 3 years of weekly data the KEY/SCHW correlation comes out at 0.56, moderate. The link has loosened recently: the 1-year correlation (0.34) runs below the 3-year figure (0.56). The 5-year figure is 0.59, and annualized covariance runs at 503.5 %².
By 3-year correlation, SCHW places #45 of the 59 assets tracked against KEY. Over the last 12 months KEY came out ahead by 5.4 percentage points (+18.4% against +13.0%). The rolling one-year correlation moved between 0.34 and 0.77 over the past three years, a moderate range.
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 SCHW: side by side
| KEY (KeyCorp) | SCHW (Charles Schwab Corporation) | |
|---|---|---|
| 1-year return | +18.4% | +13.0% |
| 5-year return | +38.0% | +57.3% |
| Volatility (ann.) | 32.1% | 27.8% |
| Beta vs S&P 500 | 1.25 | 0.93 |
| Max drawdown (3Y) | -32.2% | -21.4% |
| Market cap | $23.5B | $186.9B |
| P/E (trailing) | 13.0 | 19.9 |
| Dividend yield | 3.71% | 1.08% |
| Sector / category | Financials | Financials |
Year-by-year returns
| Year | KEY | SCHW |
|---|---|---|
| 2022 | -21.7% | +0.1% |
| 2023 | -11.5% | -16.0% |
| 2024 | +25.3% | +9.2% |
| 2025 | +26.2% | +36.6% |
| 2026 | +8.8% | +9.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KEY and SCHW good diversifiers for each other?
To a limited degree. At 0.56 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 SCHW?
As of 2026-08-27, the correlation of weekly returns between KEY and SCHW is 0.56 over 3 years, 0.34 over 1 year and 0.59 over 5 years.
Is SCHW a good diversifier for KEY?
To a limited degree. At 0.56 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 0.56 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-schw.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/key-vs-schw/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: KEY correlations · SCHW correlations
