MTB vs. C
MTB (M&T Bank Corporation) and C (Citigroup Inc.) are both stocks. Both are in the Financial Services sector — MTB in Banks - Regional, C in Banks - Diversified. Over the past 10 years, MTB returned 10.44%/yr vs 17.17%/yr for C. A 0.53 correlation means they provide meaningful diversification when combined.
Performance
MTB vs. C - Performance Comparison
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Returns By Period
In the year-to-date period, MTB achieves a 14.61% return, which is significantly lower than C's 26.08% return. Over the past 10 years, MTB has underperformed C with an annualized return of 10.44%, while C has yielded a comparatively higher 17.17% annualized return.
MTB
- 1D
- 1.16%
- 1M
- 7.57%
- YTD
- 14.61%
- 6M
- 11.65%
- 1Y
- 26.71%
- 3Y*
- 29.55%
- 5Y*
- 12.82%
- 10Y*
- 10.44%
C
- 1D
- 1.82%
- 1M
- 16.45%
- YTD
- 26.08%
- 6M
- 24.58%
- 1Y
- 89.89%
- 3Y*
- 51.72%
- 5Y*
- 19.98%
- 10Y*
- 17.17%
MTB vs. C - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MTB M&T Bank Corporation | 14.61% | 10.89% | 41.66% | -1.68% | -2.94% | 24.28% | -22.16% | 21.65% | -14.58% | 11.35% |
C Citigroup Inc. | 26.08% | 70.38% | 41.93% | 18.98% | -22.09% | 0.93% | -19.70% | 57.82% | -28.49% | 27.03% |
Correlation
The correlation between MTB and C is 0.54, 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 | 0.54 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.62 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.65 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since Oct 4, 1991 | 0.53 |
The correlation between MTB and C shifts across timeframes, from 0.53 (all time) to 0.69 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
MTB:
$35.65B
C:
$258.71B
MTB:
$18.62
C:
$8.65
MTB:
12.23
C:
16.84
MTB:
2.90
C:
1.57
MTB:
1.27
C:
1.35
MTB:
$12.36B
C:
$171.19B
MTB:
$9.31B
C:
$77.85B
MTB:
$3.93B
C:
$24.12B
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Return for Risk
MTB vs. C — Risk / Return Rank
MTB
C
MTB vs. C - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for M&T Bank Corporation (MTB) and Citigroup Inc. (C). 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.
| MTB | C | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.97 | ||
| Sortino ratioReturn per unit of downside risk | -2.04 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.49 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | 1.58 | 6.12 | -4.54 |
| Martin ratioReturn relative to average drawdown | 3.71 | 17.64 | -13.93 |
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Drawdowns
MTB vs. C - Drawdown Comparison
The maximum MTB drawdown since its inception was -73.50%, smaller than the maximum C drawdown of -98.00%. Use the drawdown chart below to compare losses from any high point for MTB and C.
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Drawdown Indicators
| MTB | C | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.50% | -98.00% | +24.50% |
Max Drawdown (1Y)Largest decline over 1 year | -16.98% | -14.76% | -2.22% |
Max Drawdown (3Y)Largest decline over 3 years | -28.20% | -31.31% | +3.11% |
Max Drawdown (5Y)Largest decline over 5 years | -40.71% | -44.31% | +3.60% |
Max Drawdown (10Y)Largest decline over 10 years | -52.97% | -56.51% | +3.54% |
Current DrawdownCurrent decline from peak | -2.98% | -61.12% | +58.14% |
Average DrawdownAverage peak-to-trough decline | -12.41% | -43.52% | +31.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.21% | 5.11% | +2.10% |
Volatility
MTB vs. C - Volatility Comparison
M&T Bank Corporation (MTB) and Citigroup Inc. (C) have volatilities of 6.61% and 6.91%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MTB | C | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.61% | 6.91% | -0.30% |
Volatility (6M)Calculated over the trailing 6-month period | 16.08% | 23.13% | -7.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.80% | 28.27% | -6.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.27% | 29.12% | +1.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.86% | 33.22% | -0.36% |
Dividends
MTB vs. C - Dividend Comparison
MTB's dividend yield for the trailing twelve months is around 2.63%, more than C's 1.65% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
C Citigroup Inc. | 1.65% | 1.99% | 3.10% | 4.04% | 4.51% | 3.38% | 3.31% | 2.40% | 2.96% | 1.29% | 0.71% | 0.31% |
MTB M&T Bank Corporation | 2.63% | 3.24% | 2.85% | 3.79% | 3.31% | 2.93% | 3.46% | 2.42% | 2.48% | 1.75% | 1.79% | 2.31% |
Financials
MTB vs. C - Financials Comparison
This section allows you to compare key financial metrics between M&T Bank Corporation and Citigroup Inc.. 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
MTB vs. C - Profitability Comparison
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%.
C - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Citigroup Inc. reported a gross profit of 21.76B and revenue of 44.14B. Therefore, the gross margin over that period was 49.3%.
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%.
C - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Citigroup Inc. reported an operating income of 7.52B and revenue of 44.14B, resulting in an operating margin of 17.0%.
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%.
C - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Citigroup Inc. reported a net income of 5.79B and revenue of 44.14B, resulting in a net margin of 13.1%.
Frequently Asked Questions
MTB and C have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
C has higher volatility (6.91%) compared to MTB (6.61%). In terms of maximum drawdown, MTB dropped -73.50% vs C's -98.00%.
C currently has the higher Sharpe Ratio (3.20 vs 1.23), 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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