PM vs. KEY
PM (Philip Morris International Inc.) and KEY (KeyCorp) are both stocks. PM operates in Tobacco (Consumer Defensive), while KEY operates in Banks - Regional (Financial Services). Over the past 10 years, PM returned 11.28%/yr vs 10.03%/yr for KEY. At a 0.27 correlation, their price movements are largely independent.
Performance
PM vs. KEY - Performance Comparison
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Returns By Period
In the year-to-date period, PM achieves a 12.15% return, which is significantly higher than KEY's 7.52% return. Over the past 10 years, PM has outperformed KEY with an annualized return of 11.28%, while KEY has yielded a comparatively lower 10.03% annualized return.
PM
- 1D
- 1.89%
- 1M
- 4.27%
- YTD
- 12.15%
- 6M
- 22.81%
- 1Y
- 1.58%
- 3Y*
- 30.53%
- 5Y*
- 18.22%
- 10Y*
- 11.28%
KEY
- 1D
- 0.42%
- 1M
- 1.74%
- YTD
- 7.52%
- 6M
- 15.23%
- 1Y
- 38.89%
- 3Y*
- 33.73%
- 5Y*
- 4.07%
- 10Y*
- 10.03%
PM vs. KEY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PM Philip Morris International Inc. | 12.15% | 37.99% | 34.34% | -1.85% | 12.31% | 20.78% | 3.69% | 35.02% | -33.30% | 19.85% |
KEY KeyCorp | 7.52% | 26.22% | 25.34% | -11.53% | -21.69% | 45.92% | -14.50% | 42.72% | -24.61% | 12.74% |
Correlation
The correlation between PM and KEY is -0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.24 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Mar 18, 2008 | 0.27 |
The correlation between PM and KEY shifts across timeframes, from -0.07 (1 year) to 0.27 (all time), reflecting how their relationship changes across market environments.
Fundamentals
PM:
$278.64B
KEY:
$23.59B
PM:
$7.12
KEY:
$1.78
PM:
25.05
KEY:
12.25
PM:
2.72
KEY:
0.50
PM:
6.70
KEY:
2.12
PM:
$41.49B
KEY:
$11.22B
PM:
$27.93B
KEY:
$7.20B
PM:
$17.74B
KEY:
$2.51B
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Return for Risk
PM vs. KEY — Risk / Return Rank
PM
KEY
PM vs. KEY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Philip Morris International Inc. (PM) 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.
| PM | KEY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.72 | ||
| Sortino ratioReturn per unit of downside risk | -2.08 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.30 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | 0.07 | 2.41 | -2.34 |
| Martin ratioReturn relative to average drawdown | 0.14 | 6.55 | -6.42 |
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
| PM | KEY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.05 | 1.78 | -1.72 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.81 | 0.11 | +0.70 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.46 | 0.25 | +0.21 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | 0.15 | +0.38 |
Drawdowns
PM vs. KEY - Drawdown Comparison
The maximum PM drawdown since its inception was -42.87%, smaller than the maximum KEY drawdown of -87.08%. Use the drawdown chart below to compare losses from any high point for PM and KEY.
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Drawdown Indicators
| PM | KEY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.87% | -87.08% | +44.21% |
Max Drawdown (1Y)Largest decline over 1 year | -20.64% | -17.76% | -2.88% |
Max Drawdown (3Y)Largest decline over 3 years | -20.64% | -32.21% | +11.57% |
Max Drawdown (5Y)Largest decline over 5 years | -22.78% | -65.23% | +42.45% |
Max Drawdown (10Y)Largest decline over 10 years | -42.87% | -65.23% | +22.36% |
Current DrawdownCurrent decline from peak | -7.07% | -4.38% | -2.69% |
Average DrawdownAverage peak-to-trough decline | -10.03% | -32.89% | +22.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.78% | 6.52% | +4.26% |
Volatility
PM vs. KEY - Volatility Comparison
Philip Morris International Inc. (PM) has a higher volatility of 9.65% compared to KeyCorp (KEY) at 7.36%. This indicates that PM's price experiences larger fluctuations and is considered to be riskier 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
| PM | KEY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.65% | 7.36% | +2.29% |
Volatility (6M)Calculated over the trailing 6-month period | 20.91% | 17.24% | +3.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.60% | 24.12% | +3.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.70% | 38.05% | -15.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.44% | 39.83% | -15.39% |
Dividends
PM vs. KEY - Dividend Comparison
PM's dividend yield for the trailing twelve months is around 3.23%, less than KEY's 3.77% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KEY KeyCorp | 3.77% | 3.97% | 4.78% | 5.69% | 4.54% | 3.24% | 4.51% | 3.51% | 3.82% | 1.88% | 1.81% | 3.83% |
PM Philip Morris International Inc. | 3.23% | 3.52% | 4.40% | 5.46% | 4.98% | 5.16% | 5.73% | 5.43% | 6.73% | 3.99% | 4.50% | 4.60% |
Financials
PM vs. KEY - Financials Comparison
This section allows you to compare key financial metrics between Philip Morris International 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
PM vs. KEY - Profitability Comparison
PM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Philip Morris International Inc. reported a gross profit of 6.91B and revenue of 10.15B. Therefore, the gross margin over that period was 68.1%.
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%.
PM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Philip Morris International Inc. reported an operating income of 3.89B and revenue of 10.15B, resulting in an operating margin of 38.4%.
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%.
PM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Philip Morris International Inc. reported a net income of 2.44B and revenue of 10.15B, resulting in a net margin of 24.0%.
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
PM and KEY have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PM has higher volatility (9.65%) compared to KEY (7.36%). In terms of maximum drawdown, PM dropped -42.87% vs KEY's -87.08%.
KEY currently has the higher Sharpe Ratio (1.78 vs 0.05), 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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