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 10.49%/yr vs 15.03%/yr for C. A 0.53 correlation means they provide meaningful diversification when combined.
Performance
MTB vs. C - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, MTB achieves a 21.72% return, which is significantly higher than C's 15.35% return. Over the past 10 years, MTB has underperformed C with an annualized return of 10.49%, while C has yielded a comparatively higher 15.03% annualized return.
MTB
- 1D
- -0.29%
- 1M
- 4.30%
- 6M
- 17.25%
- YTD
- 21.72%
- 1Y
- 22.65%
- 3Y*
- 26.94%
- 5Y*
- 15.06%
- 10Y*
- 10.49%
C
- 1D
- -5.29%
- 1M
- -4.69%
- 6M
- 15.73%
- YTD
- 15.35%
- 1Y
- 55.76%
- 3Y*
- 47.57%
- 5Y*
- 18.28%
- 10Y*
- 15.03%
MTB vs. C - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MTB M&T Bank Corporation | 21.72% | 10.89% | 41.66% | -1.68% | -2.94% | 24.28% | -22.16% | 21.65% | -14.58% | 11.35% |
C Citigroup Inc. | 15.35% | 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 0.52, 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 | 0.52 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.62 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.64 |
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 0.52 (1 year) to 0.69 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
MTB:
$35.42B
C:
$228.55B
MTB:
$18.72
C:
$9.84
MTB:
12.92
C:
13.54
MTB:
3.06
C:
1.57
MTB:
1.35
C:
1.20
MTB:
$12.36B
C:
$153.60B
MTB:
$9.31B
C:
$83.82B
MTB:
$3.93B
C:
$28.05B
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
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 | -0.90 | ||
| Sortino ratioReturn per unit of downside risk | -1.02 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.32 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 1.34 | 3.80 | -2.46 |
| Martin ratioReturn relative to average drawdown | 3.26 | 10.79 | -7.53 |
Loading charts...
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.
Loading charts...
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 | -0.29% | -64.43% | +64.14% |
Average DrawdownAverage peak-to-trough decline | -12.39% | -43.54% | +31.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.15% | 5.18% | +1.97% |
Volatility
MTB vs. C - Volatility Comparison
The current volatility for M&T Bank Corporation (MTB) is 5.87%, while Citigroup Inc. (C) has a volatility of 8.50%. This indicates that MTB experiences smaller price fluctuations and is considered to be less risky than C based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| MTB | C | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.87% | 8.50% | -2.63% |
Volatility (6M)Calculated over the trailing 6-month period | 16.07% | 23.68% | -7.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.81% | 28.87% | -7.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.17% | 29.19% | +0.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.74% | 33.04% | -0.30% |
Dividends
MTB vs. C - Dividend Comparison
MTB's dividend yield for the trailing twelve months is around 2.48%, more than C's 1.80% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
C Citigroup Inc. | 1.80% | 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 | 2.48% | 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 Jul 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 Jul 2026, Citigroup Inc. reported a gross profit of 24.77B and revenue of 24.77B. Therefore, the gross margin over that period was 100.0%.
MTB - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 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 Jul 2026, Citigroup Inc. reported an operating income of 8.03B and revenue of 24.77B, resulting in an operating margin of 32.4%.
MTB - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 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 Jul 2026, Citigroup Inc. reported a net income of 5.83B and revenue of 24.77B, resulting in a net margin of 23.5%.
Frequently Asked Questions
MTB and C have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
C has higher volatility (8.50%) compared to MTB (5.87%). In terms of maximum drawdown, MTB dropped -73.50% vs C's -98.00%.
C currently has the higher Sharpe Ratio (1.94 vs 1.04), 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.
Find the right allocation for MTB and C
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer