MTB vs. MS
MTB (M&T Bank Corporation) and MS (Morgan Stanley) are both stocks. Both are in the Financial Services sector — MTB in Banks - Regional, MS in Capital Markets. Over the past 10 years, MTB returned 11.37%/yr vs 25.84%/yr for MS. Their 0.52 correlation means they have sometimes moved together and sometimes differently.
Performance
MTB vs. MS - 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 MS's 20.48% return. Over the past 10 years, MTB has underperformed MS with an annualized return of 11.37%, while MS has yielded a comparatively higher 25.84% 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%
MS
- 1D
- 0.72%
- 1M
- -1.10%
- 6M
- 16.37%
- YTD
- 20.48%
- 1Y
- 54.71%
- 3Y*
- 36.38%
- 5Y*
- 20.78%
- 10Y*
- 25.84%
- ALL TIME*
- 13.01%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.18B | $1.27B | $1.26B | |
| $294.32M | $288.80M | $256.33M |
MTB vs. MS - 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% |
MS Morgan Stanley | 20.48% | 45.16% | 39.73% | 13.93% | -10.34% | 46.65% | 38.09% | 32.67% | -22.76% | 26.61% |
Correlation
The correlation between MTB and MS is 0.42, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.42 |
Correlation (3Y) Balances recent behavior with more history. | 0.57 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.60 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.65 |
Correlation (All Time) Calculated using the full available price history since Feb 23, 1993 | 0.52 |
The correlation between MTB and MS shifts across timeframes, from 0.42 (1 year) to 0.65 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
MTB:
$35.70B
MS:
$332.03B
MTB:
$19.37
MS:
$11.41
MTB:
12.71
MS:
18.43
MTB:
1.71
MS:
1.73
MTB:
3.10
MS:
2.79
MTB:
1.38
MS:
3.21
MTB:
$12.43B
MS:
$120.22B
MTB:
$9.45B
MS:
$69.72B
MTB:
$4.36B
MS:
$27.21B
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Return for Risk
MTB vs. MS — Risk / Return Rank
MTB
MS
MTB vs. MS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for M&T Bank Corporation (MTB) and Morgan Stanley (MS). 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 | MS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.27 | ||
| Sortino ratioReturn per unit of downside risk | -0.20 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.31 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.04 | 2.72 | -0.69 |
| Martin ratioReturn relative to average drawdown | 5.01 | 8.59 | -3.58 |
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Drawdowns
MTB vs. MS - Drawdown Comparison
The maximum MTB drawdown since its inception was -73.50%, smaller than the maximum MS drawdown of -88.12%. Use the drawdown chart below to compare losses from any high point for MTB and MS.
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Drawdown Indicators
| MTB | MS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.50% | -88.12% | +14.62% |
Max Drawdown (1Y)Largest decline over 1 year | -16.98% | -18.83% | +1.85% |
Max Drawdown (3Y)Largest decline over 3 years | -28.20% | -29.24% | +1.04% |
Max Drawdown (5Y)Largest decline over 5 years | -40.71% | -32.38% | -8.33% |
Max Drawdown (10Y)Largest decline over 10 years | -52.97% | -51.33% | -1.64% |
Current DrawdownCurrent decline from peak | -3.05% | -7.43% | +4.38% |
Average DrawdownAverage peak-to-trough decline | -12.37% | -33.57% | +21.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.89% | 5.96% | +0.93% |
Volatility
MTB vs. MS - Volatility Comparison
The current volatility for M&T Bank Corporation (MTB) is 6.50%, while Morgan Stanley (MS) has a volatility of 10.15%. This indicates that MTB experiences smaller price fluctuations and is considered to be less risky than MS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MTB | MS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.50% | 10.15% | -3.65% |
Volatility (6M)Calculated over the trailing 6-month period | 16.19% | 22.56% | -6.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.94% | 27.83% | -5.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.07% | 28.82% | +1.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.73% | 31.37% | +1.36% |
Dividends
MTB vs. MS - Dividend Comparison
MTB's dividend yield for the trailing twelve months is around 2.44%, more than MS's 1.97% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MS Morgan Stanley | 1.97% | 2.17% | 2.82% | 3.49% | 3.47% | 2.14% | 2.04% | 2.54% | 2.77% | 1.72% | 1.66% | 1.73% |
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. MS - Financials Comparison
This section allows you to compare key financial metrics between M&T Bank Corporation and Morgan Stanley. 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. MS - 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%.
MS - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Morgan Stanley reported a gross profit of 20.48B and revenue of 33.15B. Therefore, the gross margin over that period was 61.8%.
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%.
MS - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Morgan Stanley reported an operating income of 7.01B and revenue of 33.15B, resulting in an operating margin of 21.2%.
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%.
MS - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Morgan Stanley reported a net income of 5.64B and revenue of 33.15B, resulting in a net margin of 17.0%.
Frequently Asked Questions
MTB and MS have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MS has higher volatility (10.15%) compared to MTB (6.50%). In terms of maximum drawdown, MTB dropped -73.50% vs MS's -88.12%.
MS currently has the higher Sharpe Ratio (1.84 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.
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