KEY vs WFC: Correlation
Measured on weekly returns over the past three years, KeyCorp (KEY) and Wells Fargo (WFC) carry a correlation of 0.75, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KEY and WFC?
On 3 years of weekly data the KEY/WFC correlation comes out at 0.75, strong. Little has changed lately, as the 1-year reading of 0.71 lands near the 3-year figure. The 5-year figure is 0.76, and annualized covariance runs at 718.1 %².
Within KEY's tracked universe of 59 assets, WFC comes in at #25 by 3-year correlation. On 12-month performance KEY holds a 13.2-point edge, +18.4% against +5.2%. Across three years, the rolling one-year figure varied moderately, from 0.62 to 0.89.
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 WFC: side by side
| KEY (KeyCorp) | WFC (Wells Fargo) | |
|---|---|---|
| 1-year return | +18.4% | +5.2% |
| 5-year return | +38.0% | +98.3% |
| Volatility (ann.) | 32.1% | 29.7% |
| Beta vs S&P 500 | 1.25 | 0.98 |
| Max drawdown (3Y) | -32.2% | -24.7% |
| Market cap | $23.5B | $256.9B |
| P/E (trailing) | 13.0 | 12.4 |
| Dividend yield | 3.71% | 2.11% |
| Sector / category | Financials | Financials |
Year-by-year returns
| Year | KEY | WFC |
|---|---|---|
| 2022 | -21.7% | -11.9% |
| 2023 | -11.5% | +22.9% |
| 2024 | +25.3% | +46.5% |
| 2025 | +26.2% | +35.6% |
| 2026 | +8.8% | -7.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KEY and WFC good diversifiers for each other?
Somewhat, no more. With 0.75 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between KEY and WFC?
The KEY/WFC correlation stands at 0.75 on a 3-year window (1 year: 0.71, 5 years: 0.76), computed from weekly returns as of 2026-08-27.
Is WFC a good diversifier for KEY?
Somewhat, no more. With 0.75 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.75 mean?
A reading of 0.75 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: KEY correlations · WFC correlations
