KEY vs TFC: Correlation
KeyCorp (KEY) and Truist Financial (TFC) show a very strong relationship: their 3-year correlation of weekly returns is 0.87.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KEY and TFC?
Over the past 3 years, KEY and TFC moved with a correlation of 0.87, which is very strong, meaning they move nearly in lockstep. The relationship has been stable: the 1-year correlation (0.87) sits close to the 3-year figure. Over 5 years the correlation is 0.87, and the annualized covariance of weekly returns is 781.0 %².
Within KEY's tracked universe of 59 assets, TFC comes in at #8 by 3-year correlation. The trailing year gives KEY the advantage: +18.4% versus +12.1%, a 6.3-point spread. Stability stands out here, with the rolling one-year correlation confined to 0.76 through 0.94.
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 TFC: side by side
| KEY (KeyCorp) | TFC (Truist Financial) | |
|---|---|---|
| 1-year return | +18.4% | +12.1% |
| 5-year return | +38.0% | +12.7% |
| Volatility (ann.) | 32.1% | 28.0% |
| Beta vs S&P 500 | 1.25 | 1.07 |
| Max drawdown (3Y) | -32.2% | -26.9% |
| Market cap | $23.5B | $61.4B |
| P/E (trailing) | 13.0 | 11.6 |
| Dividend yield | 3.71% | 4.10% |
| Sector / category | Financials | Financials |
Year-by-year returns
| Year | KEY | TFC |
|---|---|---|
| 2022 | -21.7% | -23.5% |
| 2023 | -11.5% | -8.6% |
| 2024 | +25.3% | +23.7% |
| 2025 | +26.2% | +19.0% |
| 2026 | +8.8% | +5.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KEY and TFC good diversifiers for each other?
No. With a correlation of 0.87, KEY and TFC move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between KEY and TFC?
Using weekly returns as of 2026-08-27: 0.87 over 3 years, with 0.87 over the last year and 0.87 over 5 years.
Is TFC a good diversifier for KEY?
No. With a correlation of 0.87, KEY and TFC move nearly in lockstep, so holding both adds very little diversification.
What does a correlation of 0.87 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-tfc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/key-vs-tfc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: KEY correlations · TFC correlations
