IAT vs. MTB
Compare and contrast key facts about iShares U.S. Regional Banks ETF (IAT) and M&T Bank Corporation (MTB).
IAT is a passively managed fund by iShares that tracks the performance of the Dow Jones U.S. Select Regional Banks Index. It was launched on May 5, 2006.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IAT or MTB.
Performance
IAT vs. MTB - Performance Comparison
Returns By Period
In the year-to-date period, IAT achieves a 33.11% return, which is significantly lower than MTB's 60.04% return. Over the past 10 years, IAT has underperformed MTB with an annualized return of 7.52%, while MTB has yielded a comparatively higher 8.52% annualized return.
IAT
33.11%
8.23%
28.50%
54.72%
5.33%
7.52%
MTB
60.04%
8.18%
41.70%
74.60%
9.17%
8.52%
Key characteristics
| IAT | MTB | |
|---|---|---|
| Sharpe Ratio | 2.08 | 2.62 |
| Sortino Ratio | 3.07 | 3.65 |
| Omega Ratio | 1.37 | 1.45 |
| Calmar Ratio | 1.20 | 2.33 |
| Martin Ratio | 12.67 | 18.13 |
| Ulcer Index | 4.31% | 4.13% |
| Daily Std Dev | 26.29% | 28.54% |
| Max Drawdown | -77.23% | -73.50% |
| Current Drawdown | -13.82% | -1.32% |
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Correlation
The correlation between IAT and MTB is 0.86, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
IAT vs. MTB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Regional Banks ETF (IAT) 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.
Dividends
IAT vs. MTB - Dividend Comparison
IAT's dividend yield for the trailing twelve months is around 2.89%, more than MTB's 2.48% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IAT iShares U.S. Regional Banks ETF | 2.89% | 3.56% | 3.12% | 1.88% | 2.87% | 2.49% | 2.48% | 1.56% | 1.52% | 1.78% | 1.68% | 1.56% |
MTB M&T Bank Corporation | 2.48% | 3.79% | 3.31% | 2.93% | 3.46% | 2.42% | 2.48% | 1.75% | 1.79% | 2.31% | 2.23% | 2.41% |
Drawdowns
IAT vs. MTB - Drawdown Comparison
The maximum IAT drawdown since its inception was -77.23%, which is greater than MTB's maximum drawdown of -73.50%. Use the drawdown chart below to compare losses from any high point for IAT and MTB. For additional features, visit the drawdowns tool.
Volatility
IAT vs. MTB - Volatility Comparison
The current volatility for iShares U.S. Regional Banks ETF (IAT) is 12.21%, while M&T Bank Corporation (MTB) has a volatility of 13.16%. This indicates that IAT experiences smaller price fluctuations and is considered to be less risky than MTB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.