MTB vs. IAT
Compare and contrast key facts about M&T Bank Corporation (MTB) and iShares U.S. Regional Banks ETF (IAT).
IAT is a passively managed fund by iShares that tracks the performance of the Dow Jones U.S. Select Regional Banks Index. It was launched on May 5, 2006.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MTB or IAT.
Key characteristics
| MTB | IAT | |
|---|---|---|
| YTD Return | 59.71% | 33.46% |
| 1Y Return | 76.54% | 55.89% |
| 3Y Return (Ann) | 13.81% | -2.71% |
| 5Y Return (Ann) | 8.99% | 5.32% |
| 10Y Return (Ann) | 8.49% | 7.50% |
| Sharpe Ratio | 2.76 | 2.25 |
| Sortino Ratio | 3.80 | 3.27 |
| Omega Ratio | 1.47 | 1.40 |
| Calmar Ratio | 2.42 | 1.31 |
| Martin Ratio | 19.22 | 13.81 |
| Ulcer Index | 4.13% | 4.31% |
| Daily Std Dev | 28.71% | 26.41% |
| Max Drawdown | -73.50% | -77.23% |
| Current Drawdown | -1.52% | -13.60% |
Correlation
The correlation between MTB and IAT is 0.86, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
MTB vs. IAT - Performance Comparison
In the year-to-date period, MTB achieves a 59.71% return, which is significantly higher than IAT's 33.46% return. Over the past 10 years, MTB has outperformed IAT with an annualized return of 8.49%, while IAT has yielded a comparatively lower 7.50% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
MTB vs. IAT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for M&T Bank Corporation (MTB) and iShares U.S. Regional Banks ETF (IAT). 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.
Dividends
MTB vs. IAT - Dividend Comparison
MTB's dividend yield for the trailing twelve months is around 2.49%, less than IAT's 2.88% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MTB M&T Bank Corporation | 2.49% | 3.79% | 3.31% | 2.93% | 3.46% | 2.42% | 2.48% | 1.75% | 1.79% | 2.31% | 2.23% | 2.41% |
IAT iShares U.S. Regional Banks ETF | 2.88% | 3.56% | 3.12% | 1.88% | 2.87% | 2.49% | 2.48% | 1.56% | 1.52% | 1.78% | 1.68% | 1.56% |
Drawdowns
MTB vs. IAT - Drawdown Comparison
The maximum MTB drawdown since its inception was -73.50%, roughly equal to the maximum IAT drawdown of -77.23%. Use the drawdown chart below to compare losses from any high point for MTB and IAT. For additional features, visit the drawdowns tool.
Volatility
MTB vs. IAT - Volatility Comparison
M&T Bank Corporation (MTB) has a higher volatility of 14.15% compared to iShares U.S. Regional Banks ETF (IAT) at 12.60%. This indicates that MTB's price experiences larger fluctuations and is considered to be riskier than IAT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.