PNC vs. MTB
PNC (The PNC Financial Services Group, Inc.) and MTB (M&T Bank Corporation) are both stocks. Both operate in the Banks - Regional industry within the Financial Services sector. Over the past 10 years, PNC returned 15.55%/yr vs 11.37%/yr for MTB. Their 0.62 correlation means they have sometimes moved together and sometimes differently.
Performance
PNC vs. MTB - Performance Comparison
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Returns By Period
In the year-to-date period, PNC achieves a 22.52% return, which is significantly lower than MTB's 23.95% return. Over the past 10 years, PNC has outperformed MTB with an annualized return of 15.55%, while MTB has yielded a comparatively lower 11.37% annualized return.
PNC
- 1D
- 0.47%
- 1M
- 0.95%
- 6M
- 13.66%
- YTD
- 22.52%
- 1Y
- 38.85%
- 3Y*
- 27.27%
- 5Y*
- 10.48%
- 10Y*
- 15.55%
- ALL TIME*
- 10.40%
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%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $294.32M | $288.80M | $256.33M | |
| $421.19M | $498.52M | $481.46M |
PNC vs. MTB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PNC The PNC Financial Services Group, Inc. | 22.52% | 12.24% | 29.39% | 2.71% | -18.59% | 38.18% | -2.78% | 40.91% | -16.98% | 25.95% |
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% |
Correlation
The correlation between PNC and MTB is 0.85, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.85 |
Correlation (3Y) Balances recent behavior with more history. | 0.83 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.80 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.82 |
Correlation (All Time) Calculated using the full available price history since Oct 4, 1991 | 0.62 |
Over the past year, PNC and MTB have become more correlated (0.85) than their long-term average of 0.62, meaning their price movements have been converging.
Fundamentals
PNC:
$99.70B
MTB:
$35.70B
PNC:
$19.01
MTB:
$19.37
PNC:
13.14
MTB:
12.71
PNC:
1.77
MTB:
1.71
PNC:
3.28
MTB:
3.10
PNC:
1.58
MTB:
1.38
PNC:
$30.55B
MTB:
$12.43B
PNC:
$24.32B
MTB:
$9.45B
PNC:
$9.66B
MTB:
$4.36B
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Return for Risk
PNC vs. MTB — Risk / Return Rank
PNC
MTB
PNC vs. MTB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for The PNC Financial Services Group, Inc. (PNC) and M&T Bank Corporation (MTB). 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.
| PNC | MTB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.06 | ||
| Sortino ratioReturn per unit of downside risk | +0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.27 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.08 | 2.04 | +0.05 |
| Martin ratioReturn relative to average drawdown | 4.75 | 5.01 | -0.25 |
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Drawdowns
PNC vs. MTB - Drawdown Comparison
The maximum PNC drawdown since its inception was -76.65%, roughly equal to the maximum MTB drawdown of -73.50%. Use the drawdown chart below to compare losses from any high point for PNC and MTB.
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Drawdown Indicators
| PNC | MTB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.65% | -73.50% | -3.15% |
Max Drawdown (1Y)Largest decline over 1 year | -17.21% | -16.98% | -0.23% |
Max Drawdown (3Y)Largest decline over 3 years | -29.77% | -28.20% | -1.57% |
Max Drawdown (5Y)Largest decline over 5 years | -47.98% | -40.71% | -7.27% |
Max Drawdown (10Y)Largest decline over 10 years | -49.58% | -52.97% | +3.39% |
Current DrawdownCurrent decline from peak | -1.31% | -3.05% | +1.74% |
Average DrawdownAverage peak-to-trough decline | -15.63% | -12.37% | -3.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.52% | 6.89% | +0.63% |
Volatility
PNC vs. MTB - Volatility Comparison
The current volatility for The PNC Financial Services Group, Inc. (PNC) is 4.91%, while M&T Bank Corporation (MTB) has a volatility of 6.50%. This indicates that PNC experiences smaller price fluctuations and is considered to be less risky than MTB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PNC | MTB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.91% | 6.50% | -1.59% |
Volatility (6M)Calculated over the trailing 6-month period | 16.33% | 16.19% | +0.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.86% | 21.94% | -0.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.93% | 30.07% | -3.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.64% | 32.73% | -3.09% |
Dividends
PNC vs. MTB - Dividend Comparison
PNC's dividend yield for the trailing twelve months is around 2.84%, more than MTB's 2.44% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
PNC The PNC Financial Services Group, Inc. | 2.84% | 3.16% | 3.27% | 3.94% | 3.64% | 2.39% | 3.09% | 2.63% | 2.91% | 1.80% | 1.81% | 2.11% |
Financials
PNC vs. MTB - Financials Comparison
This section allows you to compare key financial metrics between The PNC Financial Services Group, Inc. and M&T Bank Corporation. 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
PNC vs. MTB - Profitability Comparison
PNC - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, The PNC Financial Services Group, Inc. reported a gross profit of 6.68B and revenue of 6.88B. Therefore, the gross margin over that period was 97.2%.
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%.
PNC - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, The PNC Financial Services Group, Inc. reported an operating income of 2.59B and revenue of 6.88B, resulting in an operating margin of 37.6%.
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%.
PNC - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, The PNC Financial Services Group, Inc. reported a net income of 2.04B and revenue of 6.88B, resulting in a net margin of 29.7%.
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%.
Frequently Asked Questions
PNC and MTB have a correlation of 0.85, 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 PNC (4.91%). In terms of maximum drawdown, PNC dropped -76.65% vs MTB's -73.50%.
PNC currently has the higher Sharpe Ratio (1.64 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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