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 10.44%/yr vs 7.79%/yr for CBU. A 0.51 correlation means they provide meaningful diversification when combined.
Performance
MTB vs. CBU - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, MTB achieves a 14.61% return, which is significantly higher than CBU's 12.26% return. Over the past 10 years, MTB has outperformed CBU with an annualized return of 10.44%, while CBU has yielded a comparatively lower 7.79% 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%
CBU
- 1D
- 1.86%
- 1M
- 0.86%
- YTD
- 12.26%
- 6M
- 8.68%
- 1Y
- 21.16%
- 3Y*
- 14.51%
- 5Y*
- -0.74%
- 10Y*
- 7.79%
MTB vs. CBU - 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% |
CBU Community Bank System, Inc. | 12.26% | -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 0.62, 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 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:
$35.65B
CBU:
$3.36B
MTB:
$18.62
CBU:
$4.05
MTB:
12.23
CBU:
15.67
MTB:
1.65
CBU:
2.44
MTB:
2.90
CBU:
3.62
MTB:
1.27
CBU:
1.66
MTB:
$12.36B
CBU:
$943.58M
MTB:
$9.31B
CBU:
$700.09M
MTB:
$3.93B
CBU:
$320.27M
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. 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 | +0.38 | ||
| Sortino ratioReturn per unit of downside risk | +0.42 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.16 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.58 | 1.33 | +0.25 |
| Martin ratioReturn relative to average drawdown | 3.71 | 3.12 | +0.59 |
Loading charts...
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.
Loading charts...
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% | -31.19% | +2.99% |
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 | -2.98% | -9.33% | +6.35% |
Average DrawdownAverage peak-to-trough decline | -12.41% | -14.56% | +2.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.21% | 6.80% | +0.41% |
Volatility
MTB vs. CBU - Volatility Comparison
The current volatility for M&T Bank Corporation (MTB) is 6.61%, while Community Bank System, Inc. (CBU) has a volatility of 7.62%. 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.
Loading charts...
Volatility by Period
| MTB | CBU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.61% | 7.62% | -1.01% |
Volatility (6M)Calculated over the trailing 6-month period | 16.08% | 16.25% | -0.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.80% | 24.85% | -3.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.27% | 29.53% | +0.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.86% | 30.11% | +2.75% |
Dividends
MTB vs. CBU - Dividend Comparison
MTB's dividend yield for the trailing twelve months is around 2.63%, less than CBU's 2.96% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CBU Community Bank System, Inc. | 2.96% | 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 | 2.63% | 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. 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 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 - 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 - 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 - 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 - 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%.
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%.
Frequently Asked Questions
MTB and CBU 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 (7.62%) compared to MTB (6.61%). In terms of maximum drawdown, MTB dropped -73.50% vs CBU's -61.07%.
MTB currently has the higher Sharpe Ratio (1.23 vs 0.86), 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 CBU
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