MTB vs. CBU
MTB (M&T Bank Corporation) and CBU (Community Bank System, Inc.) are both stocks. Both operate in the Banks - Regional industry within the Financial Services sector. Over the past 10 years, MTB returned 11.37%/yr vs 6.96%/yr for CBU. Their 0.51 correlation means they have sometimes moved together and sometimes differently.
Performance
MTB vs. CBU - Performance Comparison
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Returns By Period
In the year-to-date period, MTB achieves a 23.95% return, which is significantly higher than CBU's 14.58% return. Over the past 10 years, MTB has outperformed CBU with an annualized return of 11.37%, while CBU has yielded a comparatively lower 6.96% annualized return.
MTB
- 1D
- -0.29%
- 1M
- 3.10%
- 6M
- 12.71%
- YTD
- 23.95%
- 1Y
- 37.09%
- 3Y*
- 25.24%
- 5Y*
- 16.71%
- 10Y*
- 11.37%
- ALL TIME*
- 12.29%
CBU
- 1D
- -0.41%
- 1M
- -4.14%
- 6M
- 5.30%
- YTD
- 14.58%
- 1Y
- 29.91%
- 3Y*
- 9.16%
- 5Y*
- 1.16%
- 10Y*
- 6.96%
- ALL TIME*
- 11.34%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $17.77M | $18.31M | $19.95M | |
| $294.32M | $288.80M | $256.33M |
MTB vs. CBU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MTB M&T Bank Corporation | 23.95% | 10.89% | 41.66% | -1.68% | -2.94% | 24.28% | -22.16% | 21.65% | -14.58% | 11.35% |
CBU Community Bank System, Inc. | 14.58% | -3.84% | 22.61% | -14.17% | -13.16% | 22.28% | -9.59% | 24.69% | 11.06% | -10.90% |
Correlation
The correlation between MTB and CBU is 0.61, 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. | 0.61 |
Correlation (3Y) Balances recent behavior with more history. | 0.69 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.68 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.70 |
Correlation (All Time) Calculated using the full available price history since Oct 4, 1991 | 0.51 |
The correlation between MTB and CBU shifts across timeframes, from 0.51 (all time) to 0.70 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
MTB:
$35.70B
CBU:
$3.41B
MTB:
$19.37
CBU:
$4.31
MTB:
12.71
CBU:
15.05
MTB:
1.71
CBU:
2.35
MTB:
3.10
CBU:
3.28
MTB:
1.38
CBU:
1.65
MTB:
$12.43B
CBU:
$1.05B
MTB:
$9.45B
CBU:
$838.44M
MTB:
$4.36B
CBU:
$325.89M
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Return for Risk
MTB vs. CBU — Risk / Return Rank
MTB
CBU
MTB vs. CBU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for M&T Bank Corporation (MTB) and Community Bank System, Inc. (CBU). 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 | CBU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.48 | ||
| Sortino ratioReturn per unit of downside risk | +0.53 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.20 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.04 | 1.68 | +0.35 |
| Martin ratioReturn relative to average drawdown | 5.01 | 4.21 | +0.80 |
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Drawdowns
MTB vs. CBU - Drawdown Comparison
The maximum MTB drawdown since its inception was -73.50%, which is greater than CBU's maximum drawdown of -61.07%. Use the drawdown chart below to compare losses from any high point for MTB and CBU.
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Drawdown Indicators
| MTB | CBU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.50% | -61.07% | -12.43% |
Max Drawdown (1Y)Largest decline over 1 year | -16.98% | -16.03% | -0.95% |
Max Drawdown (3Y)Largest decline over 3 years | -28.20% | -30.61% | +2.41% |
Max Drawdown (5Y)Largest decline over 5 years | -40.71% | -49.07% | +8.36% |
Max Drawdown (10Y)Largest decline over 10 years | -52.97% | -51.04% | -1.93% |
Current DrawdownCurrent decline from peak | -3.05% | -8.71% | +5.66% |
Average DrawdownAverage peak-to-trough decline | -12.37% | -14.53% | +2.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.89% | 6.40% | +0.49% |
Volatility
MTB vs. CBU - Volatility Comparison
The current volatility for M&T Bank Corporation (MTB) is 6.50%, while Community Bank System, Inc. (CBU) has a volatility of 7.00%. This indicates that MTB experiences smaller price fluctuations and is considered to be less risky than CBU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MTB | CBU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.50% | 7.00% | -0.50% |
Volatility (6M)Calculated over the trailing 6-month period | 16.19% | 16.01% | +0.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.94% | 24.63% | -2.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.07% | 29.56% | +0.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.73% | 30.07% | +2.66% |
Dividends
MTB vs. CBU - Dividend Comparison
MTB's dividend yield for the trailing twelve months is around 2.44%, less than CBU's 2.90% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CBU Community Bank System, Inc. | 2.90% | 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 | 2.44% | 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. CBU - Financials Comparison
This section allows you to compare key financial metrics between M&T Bank Corporation and Community Bank System, 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. CBU - Profitability Comparison
MTB - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, M&T Bank Corporation reported a gross profit of 2.41B and revenue of 3.36B. Therefore, the gross margin over that period was 71.8%.
CBU - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Community Bank System, Inc. reported a gross profit of 218.55M and revenue of 268.36M. Therefore, the gross margin over that period was 81.4%.
MTB - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, M&T Bank Corporation reported an operating income of 1.27B and revenue of 3.36B, resulting in an operating margin of 37.7%.
CBU - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Community Bank System, Inc. reported an operating income of 80.82M and revenue of 268.36M, resulting in an operating margin of 30.1%.
MTB - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, M&T Bank Corporation reported a net income of 818.00M and revenue of 3.36B, resulting in a net margin of 24.4%.
CBU - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Community Bank System, Inc. reported a net income of 61.33M and revenue of 268.36M, resulting in a net margin of 22.9%.
Frequently Asked Questions
MTB and CBU have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CBU has higher volatility (7.00%) compared to MTB (6.50%). In terms of maximum drawdown, MTB dropped -73.50% vs CBU's -61.07%.
MTB currently has the higher Sharpe Ratio (1.58 vs 1.10), 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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