VLY vs. KEY
VLY (Valley National Bancorp) and KEY (KeyCorp) are both stocks. Both operate in the Banks - Regional industry within the Financial Services sector. Over the past 10 years, VLY returned 8.98%/yr vs 10.85%/yr for KEY. Their 0.55 correlation means they have sometimes moved together and sometimes differently.
Performance
VLY vs. KEY - Performance Comparison
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Returns By Period
In the year-to-date period, VLY achieves a 26.26% return, which is significantly higher than KEY's 12.71% return. Over the past 10 years, VLY has underperformed KEY with an annualized return of 8.98%, while KEY has yielded a comparatively higher 10.85% annualized return.
VLY
- 1D
- 1.47%
- 1M
- -0.62%
- 6M
- 16.85%
- YTD
- 26.26%
- 1Y
- 63.80%
- 3Y*
- 18.26%
- 5Y*
- 7.01%
- 10Y*
- 8.98%
- ALL TIME*
- 9.21%
KEY
- 1D
- 0.97%
- 1M
- -0.91%
- 6M
- 5.75%
- YTD
- 12.71%
- 1Y
- 34.70%
- 3Y*
- 30.72%
- 5Y*
- 8.18%
- 10Y*
- 10.85%
- ALL TIME*
- 6.05%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
KEY KeyCorp | $255.65M | $249.59M | $256.59M |
| $114.23M | $100.38M | $92.83M |
VLY vs. KEY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VLY Valley National Bancorp | 26.26% | 34.83% | -11.91% | 0.67% | -14.61% | 45.75% | -10.00% | 34.31% | -17.82% | 0.09% |
KEY KeyCorp | 12.71% | 26.22% | 25.34% | -11.53% | -21.69% | 45.92% | -14.50% | 42.72% | -24.61% | 12.74% |
Correlation
The correlation between VLY and KEY is 0.76, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.76 |
Correlation (3Y) Balances recent behavior with more history. | 0.75 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.78 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.78 |
Correlation (All Time) Calculated using the full available price history since Mar 23, 1990 | 0.55 |
Over the past year, VLY and KEY have become more correlated (0.76) than their long-term average of 0.55, meaning their price movements have been converging.
Fundamentals
VLY:
$8.03B
KEY:
$24.62B
VLY:
$1.24
KEY:
$1.87
VLY:
11.73
KEY:
12.22
VLY:
12.97
KEY:
0.50
VLY:
2.73
KEY:
2.37
VLY:
1.07
KEY:
1.41
VLY:
$2.98B
KEY:
$10.48B
VLY:
$1.51B
KEY:
$6.76B
VLY:
$465.01M
KEY:
$1.90B
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Return for Risk
VLY vs. KEY — Risk / Return Rank
VLY
KEY
VLY vs. KEY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Valley National Bancorp (VLY) 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.
| VLY | KEY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.86 | ||
| Sortino ratioReturn per unit of downside risk | +1.02 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.26 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 4.70 | 1.96 | +2.74 |
| Martin ratioReturn relative to average drawdown | 13.88 | 5.36 | +8.52 |
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Drawdowns
VLY vs. KEY - Drawdown Comparison
The maximum VLY drawdown since its inception was -62.17%, smaller than the maximum KEY drawdown of -87.08%. Use the drawdown chart below to compare losses from any high point for VLY and KEY.
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Drawdown Indicators
| VLY | KEY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.17% | -87.08% | +24.91% |
Max Drawdown (1Y)Largest decline over 1 year | -13.64% | -17.76% | +4.12% |
Max Drawdown (3Y)Largest decline over 3 years | -39.47% | -32.21% | -7.26% |
Max Drawdown (5Y)Largest decline over 5 years | -53.95% | -65.23% | +11.28% |
Max Drawdown (10Y)Largest decline over 10 years | -53.95% | -65.23% | +11.28% |
Current DrawdownCurrent decline from peak | -4.54% | -4.92% | +0.38% |
Average DrawdownAverage peak-to-trough decline | -13.94% | -32.76% | +18.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.61% | 6.49% | -1.88% |
Volatility
VLY vs. KEY - Volatility Comparison
The current volatility for Valley National Bancorp (VLY) is 5.95%, while KeyCorp (KEY) has a volatility of 6.70%. This indicates that VLY 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
| VLY | KEY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.95% | 6.70% | -0.75% |
Volatility (6M)Calculated over the trailing 6-month period | 17.76% | 17.26% | +0.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.56% | 23.74% | +3.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.31% | 37.72% | -0.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.44% | 39.67% | -3.23% |
Dividends
VLY vs. KEY - Dividend Comparison
VLY's dividend yield for the trailing twelve months is around 3.03%, less than KEY's 3.59% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KEY KeyCorp | 3.59% | 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 | 3.03% | 3.77% | 4.86% | 4.05% | 3.89% | 3.20% | 4.51% | 3.84% | 4.95% | 3.92% | 3.78% | 4.47% |
Financials
VLY vs. KEY - Financials Comparison
This section allows you to compare key financial metrics between Valley National Bancorp 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
VLY vs. KEY - Profitability Comparison
VLY - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Valley National Bancorp reported a gross profit of -26.28M and revenue of 326.17M. Therefore, the gross margin over that period was -8.1%.
KEY - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, KeyCorp reported a gross profit of 1.25B and revenue of 2.06B. Therefore, the gross margin over that period was 60.7%.
VLY - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Valley National Bancorp reported an operating income of -209.18M and revenue of 326.17M, resulting in an operating margin of -64.1%.
KEY - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, KeyCorp reported an operating income of -59.00M and revenue of 2.06B, resulting in an operating margin of -2.9%.
VLY - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Valley National Bancorp reported a net income of 170.89M and revenue of 326.17M, resulting in a net margin of 52.4%.
KEY - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, KeyCorp reported a net income of 509.00M and revenue of 2.06B, resulting in a net margin of 24.7%.
Frequently Asked Questions
VLY and KEY 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.
KEY has higher volatility (6.70%) compared to VLY (5.95%). In terms of maximum drawdown, VLY dropped -62.17% vs KEY's -87.08%.
VLY currently has the higher Sharpe Ratio (2.33 vs 1.47), 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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