Correlation
The correlation between MTB and IAT is 0.60, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
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.
Performance
MTB vs. IAT - Performance Comparison
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Key characteristics
MTB:
0.92
IAT:
0.58
MTB:
1.44
IAT:
0.98
MTB:
1.19
IAT:
1.13
MTB:
0.93
IAT:
0.43
MTB:
2.20
IAT:
1.51
MTB:
12.03%
IAT:
11.00%
MTB:
29.87%
IAT:
29.85%
MTB:
-73.50%
IAT:
-77.22%
MTB:
-16.62%
IAT:
-24.80%
Returns By Period
In the year-to-date period, MTB achieves a -2.17% return, which is significantly higher than IAT's -6.61% return. Over the past 10 years, MTB has outperformed IAT with an annualized return of 7.08%, while IAT has yielded a comparatively lower 5.44% annualized return.
MTB
-2.17%
6.89%
-15.87%
24.15%
3.65%
15.09%
7.08%
IAT
-6.61%
5.81%
-16.07%
15.15%
-2.21%
9.97%
5.44%
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Risk-Adjusted Performance
MTB vs. IAT — Risk-Adjusted Performance Rank
MTB
IAT
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.
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Dividends
MTB vs. IAT - Dividend Comparison
MTB's dividend yield for the trailing twelve months is around 2.96%, less than IAT's 3.09% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MTB M&T Bank Corporation | 2.96% | 2.85% | 3.79% | 3.31% | 2.93% | 3.46% | 2.42% | 2.48% | 1.75% | 1.79% | 2.31% | 2.23% |
IAT iShares U.S. Regional Banks ETF | 3.09% | 2.96% | 3.56% | 3.12% | 1.88% | 2.87% | 2.49% | 2.48% | 1.56% | 1.52% | 1.78% | 1.68% |
Drawdowns
MTB vs. IAT - Drawdown Comparison
The maximum MTB drawdown since its inception was -73.50%, roughly equal to the maximum IAT drawdown of -77.22%. Use the drawdown chart below to compare losses from any high point for MTB and IAT.
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Volatility
MTB vs. IAT - Volatility Comparison
The current volatility for M&T Bank Corporation (MTB) is 7.45%, while iShares U.S. Regional Banks ETF (IAT) has a volatility of 7.98%. This indicates that MTB experiences smaller price fluctuations and is considered to be less risky than IAT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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