KEY vs. VLY
KEY (KeyCorp) and VLY (Valley National Bancorp) are both stocks. Both operate in the Banks - Regional industry within the Financial Services sector. Over the past 10 years, KEY returned 12.17%/yr vs 9.56%/yr for VLY. A 0.55 correlation means they provide meaningful diversification when combined.
Performance
KEY vs. VLY - Performance Comparison
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Returns By Period
In the year-to-date period, KEY achieves a 13.75% return, which is significantly lower than VLY's 25.21% return. Over the past 10 years, KEY has outperformed VLY with an annualized return of 12.17%, while VLY has yielded a comparatively lower 9.56% annualized return.
KEY
- 1D
- 0.83%
- 1M
- 7.83%
- YTD
- 13.75%
- 6M
- 11.54%
- 1Y
- 45.50%
- 3Y*
- 42.17%
- 5Y*
- 6.99%
- 10Y*
- 12.17%
VLY
- 1D
- 0.98%
- 1M
- 6.93%
- YTD
- 25.21%
- 6M
- 22.69%
- 1Y
- 68.51%
- 3Y*
- 30.09%
- 5Y*
- 5.44%
- 10Y*
- 9.56%
KEY vs. VLY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
KEY KeyCorp | 13.75% | 26.22% | 25.34% | -11.53% | -21.69% | 45.92% | -14.50% | 42.72% | -24.61% | 12.74% |
VLY Valley National Bancorp | 25.21% | 34.83% | -11.91% | 0.67% | -14.61% | 45.75% | -10.00% | 34.31% | -17.82% | 0.09% |
Correlation
The correlation between KEY and VLY is 0.76, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.76 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.75 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.78 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.79 |
Correlation (All Time) Calculated using the full available price history since Mar 23, 1990 | 0.55 |
Over the past year, KEY and VLY have become more correlated (0.76) than their long-term average of 0.55, meaning their price movements have been converging.
Fundamentals
KEY:
$24.96B
VLY:
$8.04B
KEY:
$1.78
VLY:
$1.17
KEY:
12.95
VLY:
12.33
KEY:
0.53
VLY:
13.63
KEY:
2.25
VLY:
2.53
KEY:
1.43
VLY:
1.03
KEY:
$11.22B
VLY:
$3.19B
KEY:
$7.20B
VLY:
$1.47B
KEY:
$2.51B
VLY:
$847.74M
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Return for Risk
KEY vs. VLY — Risk / Return Rank
KEY
VLY
KEY vs. VLY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for KeyCorp (KEY) and Valley National Bancorp (VLY). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| KEY | VLY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.54 | ||
| Sortino ratioReturn per unit of downside risk | -0.63 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.42 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 2.57 | 5.05 | -2.47 |
| Martin ratioReturn relative to average drawdown | 6.99 | 14.99 | -8.00 |
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Drawdowns
KEY vs. VLY - Drawdown Comparison
The maximum KEY drawdown since its inception was -87.08%, which is greater than VLY's maximum drawdown of -62.17%. Use the drawdown chart below to compare losses from any high point for KEY and VLY.
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Drawdown Indicators
| KEY | VLY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.08% | -62.17% | -24.91% |
Max Drawdown (1Y)Largest decline over 1 year | -17.76% | -13.64% | -4.12% |
Max Drawdown (3Y)Largest decline over 3 years | -32.21% | -39.47% | +7.26% |
Max Drawdown (5Y)Largest decline over 5 years | -65.23% | -53.95% | -11.28% |
Max Drawdown (10Y)Largest decline over 10 years | -65.23% | -53.95% | -11.28% |
Current DrawdownCurrent decline from peak | 0.00% | -0.96% | +0.96% |
Average DrawdownAverage peak-to-trough decline | -32.85% | -13.97% | -18.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.52% | 4.58% | +1.94% |
Volatility
KEY vs. VLY - Volatility Comparison
The current volatility for KeyCorp (KEY) is 6.41%, while Valley National Bancorp (VLY) has a volatility of 6.76%. This indicates that KEY experiences smaller price fluctuations and is considered to be less risky than VLY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| KEY | VLY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.41% | 6.76% | -0.35% |
Volatility (6M)Calculated over the trailing 6-month period | 16.95% | 19.04% | -2.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.84% | 28.02% | -4.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.92% | 37.46% | +0.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 39.75% | 36.46% | +3.29% |
Dividends
KEY vs. VLY - Dividend Comparison
KEY's dividend yield for the trailing twelve months is around 3.56%, more than VLY's 3.06% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KEY KeyCorp | 3.56% | 3.97% | 4.78% | 5.69% | 4.54% | 3.24% | 4.51% | 3.51% | 3.82% | 1.88% | 1.81% | 3.83% |
VLY Valley National Bancorp | 3.06% | 3.77% | 4.86% | 4.05% | 3.89% | 3.20% | 4.51% | 3.84% | 4.95% | 3.92% | 3.78% | 4.47% |
Financials
KEY vs. VLY - Financials Comparison
This section allows you to compare key financial metrics between KeyCorp and Valley National Bancorp. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
KEY vs. VLY - Profitability Comparison
KEY - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, KeyCorp reported a gross profit of 1.84B and revenue of 2.73B. Therefore, the gross margin over that period was 67.4%.
VLY - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Valley National Bancorp reported a gross profit of 0.00 and revenue of 540.36M. Therefore, the gross margin over that period was 0.0%.
KEY - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, KeyCorp reported an operating income of 701.00M and revenue of 2.73B, resulting in an operating margin of 25.7%.
VLY - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Valley National Bancorp reported an operating income of 209.18M and revenue of 540.36M, resulting in an operating margin of 38.7%.
KEY - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, KeyCorp reported a net income of 522.00M and revenue of 2.73B, resulting in a net margin of 19.1%.
VLY - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Valley National Bancorp reported a net income of 163.91M and revenue of 540.36M, resulting in a net margin of 30.3%.
Frequently Asked Questions
KEY and VLY have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VLY has higher volatility (6.76%) compared to KEY (6.41%). In terms of maximum drawdown, KEY dropped -87.08% vs VLY's -62.17%.
VLY currently has the higher Sharpe Ratio (2.46 vs 1.92), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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