ABCB vs MTB: Correlation
Ameris Bancorp (ABCB) and M&T Bank (MTB) show a very strong relationship: their 3-year correlation of weekly returns is 0.83.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ABCB and MTB?
Over the past 3 years, ABCB and MTB moved with a correlation of 0.83, which is very strong, meaning they move nearly in lockstep. The relationship has been stable: the 1-year correlation (0.79) sits close to the 3-year figure. Over 5 years the correlation is 0.76, and the annualized covariance of weekly returns is 652.8 %².
By 3-year correlation, MTB places #24 of the 49 assets tracked against ABCB. Twelve-month performance is nearly a tie, at +16.9% for ABCB and +21.7% for MTB.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
ABCB vs MTB: side by side
| ABCB (Ameris Bancorp) | MTB (M&T Bank) | |
|---|---|---|
| 1-year return | +16.9% | +21.7% |
| 5-year return | +86.9% | +101.3% |
| Volatility (ann.) | 29.7% | 26.5% |
| Beta vs S&P 500 | 1.06 | 0.83 |
| Max drawdown (3Y) | -29.5% | -28.5% |
| Market cap | $5.7B | $34.5B |
| P/E (trailing) | 15.5 | 12.8 |
| Dividend yield | 0.93% | 2.48% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | ABCB | MTB |
|---|---|---|
| 2022 | -3.8% | -2.9% |
| 2023 | +14.3% | -1.7% |
| 2024 | +19.4% | +41.7% |
| 2025 | +20.1% | +10.4% |
| 2026 | +15.5% | +20.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABCB and MTB good diversifiers for each other?
No. With a correlation of 0.83, ABCB and MTB move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between ABCB and MTB?
Using weekly returns as of 2026-08-27: 0.83 over 3 years, with 0.79 over the last year and 0.76 over 5 years.
Is MTB a good diversifier for ABCB?
No. With a correlation of 0.83, ABCB and MTB move nearly in lockstep, so holding both adds very little diversification.
What does a correlation of 0.83 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/abcb-vs-mtb.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/abcb-vs-mtb/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ABCB correlations · MTB correlations
