NWBI vs. KEY
NWBI (Northwest Bancshares, Inc.) and KEY (KeyCorp) are both stocks. Both operate in the Banks - Regional industry within the Financial Services sector. Over the past 10 years, NWBI returned 5.03%/yr vs 9.55%/yr for KEY. At a 0.46 correlation, their price movements are largely independent.
Performance
NWBI vs. KEY - Performance Comparison
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Returns By Period
In the year-to-date period, NWBI achieves a 18.42% return, which is significantly higher than KEY's 3.18% return. Over the past 10 years, NWBI has underperformed KEY with an annualized return of 5.03%, while KEY has yielded a comparatively higher 9.55% annualized return.
NWBI
- 1D
- -2.54%
- 1M
- 1.59%
- YTD
- 18.42%
- 6M
- 13.96%
- 1Y
- 20.03%
- 3Y*
- 13.85%
- 5Y*
- 5.78%
- 10Y*
- 5.03%
KEY
- 1D
- -1.42%
- 1M
- -2.65%
- YTD
- 3.18%
- 6M
- 13.58%
- 1Y
- 35.76%
- 3Y*
- 33.34%
- 5Y*
- 3.21%
- 10Y*
- 9.55%
NWBI vs. KEY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NWBI Northwest Bancshares, Inc. | 18.42% | -2.86% | 12.66% | -4.38% | 4.60% | 17.77% | -18.03% | 2.36% | 5.40% | -3.53% |
KEY KeyCorp | 3.18% | 26.22% | 25.34% | -11.53% | -21.69% | 45.92% | -14.50% | 42.72% | -24.61% | 12.74% |
Correlation
The correlation between NWBI and KEY is 0.67, 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 | 0.67 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.71 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.69 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.70 |
Correlation (All Time) Calculated using the full available price history since Nov 9, 1994 | 0.46 |
Over the past year, NWBI and KEY have become more correlated (0.67) than their long-term average of 0.46, meaning their price movements have been converging.
Fundamentals
NWBI:
$2.03B
KEY:
$22.64B
NWBI:
$0.95
KEY:
$1.78
NWBI:
14.59
KEY:
11.75
NWBI:
2.23
KEY:
2.04
NWBI:
1.06
KEY:
1.29
NWBI:
$869.92M
KEY:
$11.22B
NWBI:
$451.19M
KEY:
$7.20B
NWBI:
$112.56M
KEY:
$2.51B
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Return for Risk
NWBI vs. KEY — Risk / Return Rank
NWBI
KEY
NWBI vs. KEY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Northwest Bancshares, Inc. (NWBI) and KeyCorp (KEY). 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.
| NWBI | KEY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.67 | ||
| Sortino ratioReturn per unit of downside risk | -0.67 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.26 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.44 | 2.02 | -0.58 |
| Martin ratioReturn relative to average drawdown | 3.21 | 5.51 | -2.30 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| NWBI | KEY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.84 | 1.51 | -0.67 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.23 | 0.08 | +0.14 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.19 | 0.24 | -0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.31 | 0.14 | +0.17 |
Drawdowns
NWBI vs. KEY - Drawdown Comparison
The maximum NWBI drawdown since its inception was -64.95%, smaller than the maximum KEY drawdown of -87.08%. Use the drawdown chart below to compare losses from any high point for NWBI and KEY.
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Drawdown Indicators
| NWBI | KEY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.95% | -87.08% | +22.13% |
Max Drawdown (1Y)Largest decline over 1 year | -13.97% | -17.76% | +3.79% |
Max Drawdown (3Y)Largest decline over 3 years | -26.56% | -32.21% | +5.65% |
Max Drawdown (5Y)Largest decline over 5 years | -32.59% | -65.23% | +32.64% |
Max Drawdown (10Y)Largest decline over 10 years | -48.65% | -65.23% | +16.58% |
Current DrawdownCurrent decline from peak | -2.54% | -8.25% | +5.71% |
Average DrawdownAverage peak-to-trough decline | -14.66% | -32.89% | +18.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.26% | 6.51% | -0.25% |
Volatility
NWBI vs. KEY - Volatility Comparison
The current volatility for Northwest Bancshares, Inc. (NWBI) is 5.67%, while KeyCorp (KEY) has a volatility of 6.56%. This indicates that NWBI experiences smaller price fluctuations and is considered to be less risky than KEY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NWBI | KEY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.67% | 6.56% | -0.89% |
Volatility (6M)Calculated over the trailing 6-month period | 15.45% | 17.05% | -1.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.97% | 23.89% | +0.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.41% | 38.03% | -12.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.63% | 39.82% | -13.19% |
Dividends
NWBI vs. KEY - Dividend Comparison
NWBI's dividend yield for the trailing twelve months is around 5.80%, more than KEY's 3.93% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KEY KeyCorp | 3.93% | 3.97% | 4.78% | 5.69% | 4.54% | 3.24% | 4.51% | 3.51% | 3.82% | 1.88% | 1.81% | 3.83% |
NWBI Northwest Bancshares, Inc. | 5.80% | 6.67% | 6.07% | 6.41% | 5.72% | 5.58% | 5.97% | 4.33% | 4.01% | 3.83% | 3.33% | 4.18% |
Financials
NWBI vs. KEY - Financials Comparison
This section allows you to compare key financial metrics between Northwest Bancshares, Inc. and KeyCorp. 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
NWBI vs. KEY - Profitability Comparison
NWBI - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Northwest Bancshares, Inc. reported a gross profit of 0.00 and revenue of 201.55M. Therefore, the gross margin over that period was 0.0%.
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%.
NWBI - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Northwest Bancshares, Inc. reported an operating income of 3.21M and revenue of 201.55M, resulting in an operating margin of 1.6%.
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%.
NWBI - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Northwest Bancshares, Inc. reported a net income of 50.54M and revenue of 201.55M, resulting in a net margin of 25.1%.
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%.
Frequently Asked Questions
NWBI and KEY have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
KEY has higher volatility (6.56%) compared to NWBI (5.67%). In terms of maximum drawdown, NWBI dropped -64.95% vs KEY's -87.08%.
KEY currently has the higher Sharpe Ratio (1.51 vs 0.84), 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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