MET vs MTB: Correlation
Measured on weekly returns over the past three years, MetLife (MET) and M&T Bank (MTB) carry a correlation of 0.67, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MET and MTB?
Across a 3-year window, the weekly returns of MET and MTB correlate at 0.67, strong. The link has loosened recently: the 1-year correlation (0.49) runs below the 3-year figure (0.67). Stretching to 5 years gives 0.66, with an annualized covariance of 412.3 %².
Among the 37 assets we track against MET, MTB ranks #14 by 3-year correlation. Neither side won the trailing year by much: +22.1% against +21.7%. On a rolling one-year basis the correlation drifted between 0.50 and 0.78, a moderate band.
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.
MET vs MTB: side by side
| MET (MetLife) | MTB (M&T Bank) | |
|---|---|---|
| 1-year return | +22.1% | +21.7% |
| 5-year return | +80.8% | +101.3% |
| Volatility (ann.) | 23.3% | 26.5% |
| Beta vs S&P 500 | 0.89 | 0.83 |
| Max drawdown (3Y) | -22.0% | -28.5% |
| Market cap | $61.2B | $34.5B |
| P/E (trailing) | 18.5 | 12.8 |
| Dividend yield | 2.38% | 2.48% |
| Sector / category | Financials | Financials |
Year-by-year returns
| Year | MET | MTB |
|---|---|---|
| 2022 | +19.2% | -2.9% |
| 2023 | -5.5% | -1.7% |
| 2024 | +27.7% | +41.7% |
| 2025 | -0.8% | +10.4% |
| 2026 | +24.5% | +20.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MET and MTB good diversifiers for each other?
Only partially. A correlation of 0.67 means MET and MTB share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between MET and MTB?
The MET/MTB correlation stands at 0.67 on a 3-year window (1 year: 0.49, 5 years: 0.66), computed from weekly returns as of 2026-08-27.
Is MTB a good diversifier for MET?
Only partially. A correlation of 0.67 means MET and MTB share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.67 mean?
A reading of 0.67 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/met-vs-mtb.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/met-vs-mtb/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MET correlations · MTB correlations
