MTB vs. CFR
MTB (M&T Bank Corporation) and CFR (Cullen/Frost Bankers, 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 12.96%/yr for CFR. Their 0.59 correlation means they have sometimes moved together and sometimes differently.
Performance
MTB vs. CFR - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, MTB achieves a 23.95% return, which is significantly lower than CFR's 33.28% return. Over the past 10 years, MTB has underperformed CFR with an annualized return of 11.37%, while CFR has yielded a comparatively higher 12.96% 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%
CFR
- 1D
- 1.74%
- 1M
- 7.41%
- 6M
- 22.46%
- YTD
- 33.28%
- 1Y
- 38.05%
- 3Y*
- 19.40%
- 5Y*
- 12.44%
- 10Y*
- 12.96%
- ALL TIME*
- 15.34%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $127.62M | $100.74M | $90.92M | |
| $294.32M | $288.80M | $256.33M |
MTB vs. CFR - 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% |
CFR Cullen/Frost Bankers, Inc. | 33.28% | -2.76% | 27.86% | -16.06% | 8.66% | 48.17% | -7.58% | 14.60% | -4.84% | 9.93% |
Correlation
The correlation between MTB and CFR is 0.73, 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. | 0.73 |
Correlation (3Y) Balances recent behavior with more history. | 0.78 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.77 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.78 |
Correlation (All Time) Calculated using the full available price history since Oct 4, 1991 | 0.59 |
The correlation between MTB and CFR shifts across timeframes, from 0.59 (all time) to 0.78 (3 years), reflecting how their relationship changes across market environments.
Fundamentals
MTB:
$35.70B
CFR:
$10.45B
MTB:
$19.37
CFR:
$10.76
MTB:
12.71
CFR:
15.46
MTB:
1.71
CFR:
1.42
MTB:
3.10
CFR:
6.02
MTB:
1.38
CFR:
2.33
MTB:
$12.43B
CFR:
$1.76B
MTB:
$9.45B
CFR:
$1.13B
MTB:
$4.36B
CFR:
$1.44B
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. CFR — Risk / Return Rank
MTB
CFR
MTB vs. CFR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for M&T Bank Corporation (MTB) and Cullen/Frost Bankers, Inc. (CFR). 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 | CFR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.04 | ||
| Sortino ratioReturn per unit of downside risk | -0.07 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.28 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.04 | 3.05 | -1.02 |
| Martin ratioReturn relative to average drawdown | 5.01 | 8.43 | -3.42 |
Loading charts...
Drawdowns
MTB vs. CFR - Drawdown Comparison
The maximum MTB drawdown since its inception was -73.50%, which is greater than CFR's maximum drawdown of -56.86%. Use the drawdown chart below to compare losses from any high point for MTB and CFR.
Loading charts...
Drawdown Indicators
| MTB | CFR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.50% | -56.86% | -16.64% |
Max Drawdown (1Y)Largest decline over 1 year | -16.98% | -11.38% | -5.60% |
Max Drawdown (3Y)Largest decline over 3 years | -28.20% | -26.55% | -1.65% |
Max Drawdown (5Y)Largest decline over 5 years | -40.71% | -45.62% | +4.91% |
Max Drawdown (10Y)Largest decline over 10 years | -52.97% | -56.86% | +3.89% |
Current DrawdownCurrent decline from peak | -3.05% | -0.43% | -2.62% |
Average DrawdownAverage peak-to-trough decline | -12.37% | -11.77% | -0.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.89% | 4.14% | +2.75% |
Volatility
MTB vs. CFR - Volatility Comparison
M&T Bank Corporation (MTB) has a higher volatility of 6.50% compared to Cullen/Frost Bankers, Inc. (CFR) at 5.89%. This indicates that MTB's price experiences larger fluctuations and is considered to be riskier than CFR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| MTB | CFR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.50% | 5.89% | +0.61% |
Volatility (6M)Calculated over the trailing 6-month period | 16.19% | 13.73% | +2.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.94% | 21.99% | -0.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.07% | 29.97% | +0.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.73% | 33.08% | -0.35% |
Dividends
MTB vs. CFR - Dividend Comparison
MTB's dividend yield for the trailing twelve months is around 2.44%, which matches CFR's 2.42% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CFR Cullen/Frost Bankers, Inc. | 2.42% | 3.12% | 2.79% | 3.30% | 2.42% | 2.33% | 3.27% | 2.86% | 2.93% | 2.38% | 2.44% | 3.50% |
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. CFR - Financials Comparison
This section allows you to compare key financial metrics between M&T Bank Corporation and Cullen/Frost Bankers, 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
Frequently Asked Questions
MTB and CFR have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MTB has higher volatility (6.50%) compared to CFR (5.89%). In terms of maximum drawdown, MTB dropped -73.50% vs CFR's -56.86%.
CFR currently has the higher Sharpe Ratio (1.62 vs 1.58), 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 CFR
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