PNC vs. KEY
PNC (The PNC Financial Services Group, Inc.) and KEY (KeyCorp) are both stocks. Both operate in the Banks - Regional industry within the Financial Services sector. Over the past 10 years, PNC returned 15.09%/yr vs 12.17%/yr for KEY. A 0.66 correlation means they provide meaningful diversification when combined.
Performance
PNC vs. KEY - Performance Comparison
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Returns By Period
In the year-to-date period, PNC achieves a 16.11% return, which is significantly higher than KEY's 13.75% return. Over the past 10 years, PNC has outperformed KEY with an annualized return of 15.09%, while KEY has yielded a comparatively lower 12.17% annualized return.
PNC
- 1D
- 1.69%
- 1M
- 8.87%
- YTD
- 16.11%
- 6M
- 14.34%
- 1Y
- 36.49%
- 3Y*
- 29.60%
- 5Y*
- 8.65%
- 10Y*
- 15.09%
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%
PNC vs. KEY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PNC The PNC Financial Services Group, Inc. | 16.11% | 12.24% | 29.39% | 2.71% | -18.59% | 38.18% | -2.78% | 40.91% | -16.98% | 25.95% |
KEY KeyCorp | 13.75% | 26.22% | 25.34% | -11.53% | -21.69% | 45.92% | -14.50% | 42.72% | -24.61% | 12.74% |
Correlation
The correlation between PNC and KEY is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.84 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.82 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.84 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since Sep 7, 1988 | 0.66 |
The correlation between PNC and KEY shifts across timeframes, from 0.66 (all time) to 0.84 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
PNC:
$98.13B
KEY:
$24.96B
PNC:
$18.09
KEY:
$1.78
PNC:
13.19
KEY:
12.95
PNC:
1.78
KEY:
0.53
PNC:
2.97
KEY:
2.25
PNC:
1.54
KEY:
1.43
PNC:
$32.06B
KEY:
$11.22B
PNC:
$23.04B
KEY:
$7.20B
PNC:
$8.83B
KEY:
$2.51B
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Return for Risk
PNC vs. KEY — Risk / Return Rank
PNC
KEY
PNC vs. KEY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for The PNC Financial Services Group, Inc. (PNC) 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.
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.
| PNC | KEY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.24 | ||
| Sortino ratioReturn per unit of downside risk | -0.20 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.33 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.13 | 2.57 | -0.44 |
| Martin ratioReturn relative to average drawdown | 4.83 | 6.99 | -2.17 |
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Drawdowns
PNC vs. KEY - Drawdown Comparison
The maximum PNC drawdown since its inception was -76.65%, smaller than the maximum KEY drawdown of -87.08%. Use the drawdown chart below to compare losses from any high point for PNC and KEY.
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Drawdown Indicators
| PNC | KEY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.65% | -87.08% | +10.43% |
Max Drawdown (1Y)Largest decline over 1 year | -17.21% | -17.76% | +0.55% |
Max Drawdown (3Y)Largest decline over 3 years | -29.77% | -32.21% | +2.44% |
Max Drawdown (5Y)Largest decline over 5 years | -47.98% | -65.23% | +17.25% |
Max Drawdown (10Y)Largest decline over 10 years | -49.58% | -65.23% | +15.65% |
Current DrawdownCurrent decline from peak | -0.82% | 0.00% | -0.82% |
Average DrawdownAverage peak-to-trough decline | -15.67% | -32.85% | +17.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.58% | 6.52% | +1.06% |
Volatility
PNC vs. KEY - Volatility Comparison
The PNC Financial Services Group, Inc. (PNC) has a higher volatility of 7.28% compared to KeyCorp (KEY) at 6.41%. This indicates that PNC'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
| PNC | KEY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.28% | 6.41% | +0.87% |
Volatility (6M)Calculated over the trailing 6-month period | 16.68% | 16.95% | -0.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.79% | 23.84% | -2.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.09% | 37.92% | -10.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.66% | 39.75% | -10.09% |
Dividends
PNC vs. KEY - Dividend Comparison
PNC's dividend yield for the trailing twelve months is around 2.85%, less than KEY's 3.56% 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% |
PNC The PNC Financial Services Group, Inc. | 2.85% | 3.16% | 3.27% | 3.94% | 3.64% | 2.39% | 3.09% | 2.63% | 2.91% | 1.80% | 1.81% | 2.11% |
Financials
PNC vs. KEY - Financials Comparison
This section allows you to compare key financial metrics between The PNC Financial Services Group, 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
PNC vs. KEY - Profitability Comparison
PNC - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, The PNC Financial Services Group, Inc. reported a gross profit of 5.96B and revenue of 6.17B. Therefore, the gross margin over that period was 96.6%.
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%.
PNC - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, The PNC Financial Services Group, Inc. reported an operating income of 2.19B and revenue of 6.17B, resulting in an operating margin of 35.5%.
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%.
PNC - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, The PNC Financial Services Group, Inc. reported a net income of 1.77B and revenue of 6.17B, resulting in a net margin of 28.7%.
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%.
Frequently Asked Questions
PNC and KEY have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PNC has higher volatility (7.28%) compared to KEY (6.41%). In terms of maximum drawdown, PNC dropped -76.65% vs KEY's -87.08%.
KEY currently has the higher Sharpe Ratio (1.92 vs 1.69), 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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