KEY vs TGT: Correlation
KeyCorp (KEY) and Target Corporation (TGT) show a moderate relationship: their 3-year correlation of weekly returns is 0.48.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KEY and TGT?
Over the past 3 years, KEY and TGT moved with a correlation of 0.48, which is moderate. The past 12 months show a weaker link (0.34) than the 3-year average (0.48). Over 5 years the correlation is 0.37, and the annualized covariance of weekly returns is 489.4 %².
Among the 59 assets we track against KEY, TGT ranks #48 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months TGT outperformed by 57.8 percentage points (+18.4% for KEY against +76.2% for TGT). On a rolling one-year basis the correlation drifted between 0.27 and 0.69, a moderate band.
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 TGT: side by side
| KEY (KeyCorp) | TGT (Target Corporation) | |
|---|---|---|
| 1-year return | +18.4% | +76.2% |
| 5-year return | +38.0% | -22.2% |
| Volatility (ann.) | 32.1% | 32.0% |
| Beta vs S&P 500 | 1.25 | 0.62 |
| Max drawdown (3Y) | -32.2% | -49.8% |
| Market cap | $23.5B | $75.4B |
| P/E (trailing) | 13.0 | 17.2 |
| Dividend yield | 3.71% | 2.78% |
| Sector / category | Financials | Consumer Staples |
Year-by-year returns
| Year | KEY | TGT |
|---|---|---|
| 2022 | -21.7% | -34.2% |
| 2023 | -11.5% | -1.4% |
| 2024 | +25.3% | -2.3% |
| 2025 | +26.2% | -24.5% |
| 2026 | +8.8% | +74.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KEY and TGT good diversifiers for each other?
A fair diversifier. At 0.48, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between KEY and TGT?
As of 2026-08-27, the correlation of weekly returns between KEY and TGT is 0.48 over 3 years, 0.34 over 1 year and 0.37 over 5 years.
Is TGT a good diversifier for KEY?
A fair diversifier. At 0.48, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.48 mean?
On the −1 to +1 scale, 0.48 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-tgt.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/key-vs-tgt/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: KEY correlations · TGT correlations
