CBU vs. MTB
CBU (Community Bank System, Inc.) and MTB (M&T Bank Corporation) are both stocks. Both operate in the Banks - Regional industry within the Financial Services sector. Over the past 10 years, CBU returned 7.97%/yr vs 10.61%/yr for MTB. A 0.51 correlation means they provide meaningful diversification when combined.
Performance
CBU vs. MTB - Performance Comparison
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Returns By Period
In the year-to-date period, CBU achieves a 14.17% return, which is significantly lower than MTB's 16.38% return. Over the past 10 years, CBU has underperformed MTB with an annualized return of 7.97%, while MTB has yielded a comparatively higher 10.61% annualized return.
CBU
- 1D
- 1.70%
- 1M
- 2.57%
- YTD
- 14.17%
- 6M
- 10.61%
- 1Y
- 19.36%
- 3Y*
- 15.16%
- 5Y*
- -0.68%
- 10Y*
- 7.97%
MTB
- 1D
- 1.54%
- 1M
- 9.23%
- YTD
- 16.38%
- 6M
- 13.59%
- 1Y
- 25.71%
- 3Y*
- 30.21%
- 5Y*
- 12.98%
- 10Y*
- 10.61%
CBU vs. MTB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CBU Community Bank System, Inc. | 14.17% | -3.84% | 22.61% | -14.17% | -13.16% | 22.28% | -9.59% | 24.69% | 11.06% | -10.90% |
MTB M&T Bank Corporation | 16.38% | 10.89% | 41.66% | -1.68% | -2.94% | 24.28% | -22.16% | 21.65% | -14.58% | 11.35% |
Correlation
The correlation between CBU and MTB is 0.62, 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 | 0.62 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.69 |
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 Oct 4, 1991 | 0.51 |
The correlation between CBU and MTB shifts across timeframes, from 0.51 (all time) to 0.70 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
CBU:
$3.42B
MTB:
$36.20B
CBU:
$4.05
MTB:
$18.62
CBU:
15.93
MTB:
12.42
CBU:
2.48
MTB:
1.67
CBU:
3.68
MTB:
2.94
CBU:
1.69
MTB:
1.29
CBU:
$943.58M
MTB:
$12.36B
CBU:
$700.09M
MTB:
$9.31B
CBU:
$320.27M
MTB:
$3.93B
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Return for Risk
CBU vs. MTB — Risk / Return Rank
CBU
MTB
CBU vs. MTB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Community Bank System, Inc. (CBU) and M&T Bank Corporation (MTB). 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.
| CBU | MTB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.40 | ||
| Sortino ratioReturn per unit of downside risk | -0.45 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.21 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.21 | 1.52 | -0.31 |
| Martin ratioReturn relative to average drawdown | 2.85 | 3.57 | -0.72 |
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Drawdowns
CBU vs. MTB - Drawdown Comparison
The maximum CBU drawdown since its inception was -61.07%, smaller than the maximum MTB drawdown of -73.50%. Use the drawdown chart below to compare losses from any high point for CBU and MTB.
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Drawdown Indicators
| CBU | MTB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.07% | -73.50% | +12.43% |
Max Drawdown (1Y)Largest decline over 1 year | -16.03% | -16.98% | +0.95% |
Max Drawdown (3Y)Largest decline over 3 years | -31.19% | -28.20% | -2.99% |
Max Drawdown (5Y)Largest decline over 5 years | -49.07% | -40.71% | -8.36% |
Max Drawdown (10Y)Largest decline over 10 years | -51.04% | -52.97% | +1.93% |
Current DrawdownCurrent decline from peak | -7.78% | -1.48% | -6.30% |
Average DrawdownAverage peak-to-trough decline | -14.56% | -12.41% | -2.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.80% | 7.21% | -0.41% |
Volatility
CBU vs. MTB - Volatility Comparison
Community Bank System, Inc. (CBU) has a higher volatility of 7.73% compared to M&T Bank Corporation (MTB) at 6.69%. This indicates that CBU's price experiences larger fluctuations and is considered to be riskier than MTB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CBU | MTB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.73% | 6.69% | +1.04% |
Volatility (6M)Calculated over the trailing 6-month period | 16.33% | 16.09% | +0.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.85% | 21.80% | +3.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.54% | 30.28% | -0.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.06% | 32.80% | -2.74% |
Dividends
CBU vs. MTB - Dividend Comparison
CBU's dividend yield for the trailing twelve months is around 2.91%, more than MTB's 2.59% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CBU Community Bank System, Inc. | 2.91% | 3.24% | 2.95% | 3.42% | 2.76% | 2.28% | 2.66% | 2.23% | 2.47% | 2.46% | 2.04% | 3.05% |
MTB M&T Bank Corporation | 2.59% | 3.24% | 2.85% | 3.79% | 3.31% | 2.93% | 3.46% | 2.42% | 2.48% | 1.75% | 1.79% | 2.31% |
Financials
CBU vs. MTB - Financials Comparison
This section allows you to compare key financial metrics between Community Bank System, Inc. and M&T Bank Corporation. 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
CBU vs. MTB - Profitability Comparison
CBU - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Community Bank System, Inc. reported a gross profit of 207.65M and revenue of 258.56M. Therefore, the gross margin over that period was 80.3%.
MTB - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, M&T Bank Corporation reported a gross profit of 2.30B and revenue of 3.23B. Therefore, the gross margin over that period was 71.4%.
CBU - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Community Bank System, Inc. reported an operating income of 74.61M and revenue of 258.56M, resulting in an operating margin of 28.9%.
MTB - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, M&T Bank Corporation reported an operating income of 863.00M and revenue of 3.23B, resulting in an operating margin of 26.8%.
CBU - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Community Bank System, Inc. reported a net income of 57.22M and revenue of 258.56M, resulting in a net margin of 22.1%.
MTB - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, M&T Bank Corporation reported a net income of 664.00M and revenue of 3.23B, resulting in a net margin of 20.6%.
Frequently Asked Questions
CBU and MTB have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CBU has higher volatility (7.73%) compared to MTB (6.69%). In terms of maximum drawdown, CBU dropped -61.07% vs MTB's -73.50%.
MTB currently has the higher Sharpe Ratio (1.19 vs 0.79), 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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