MTB correlations (M&T Bank)
Which assets move with MTB and which ones diversify it, computed from weekly returns across 4756 stocks and ETFs.
Data as of 2026-08-27 · refreshed every trading day · Financials · Regional Banks
Volatility (ann.)
26.5%
3y weekly
Beta vs S&P 500
0.83
3y weekly
1-year return
+21.7%
price, adjusted
5-year return
+101.3%
price, adjusted
Market cap
$34.5B
latest
P/E ratio
12.8
trailing
Dividend yield
2.48%
trailing
Max drawdown
-28.5%
3y, daily closes
MTB over the last 12 months, weekly closes indexed to 100 at the start.
Stocks and ETFs most correlated with MTB
| Asset | Correlation (3Y) | ||
|---|---|---|---|
| FITB | Fifth Third Bancorp | 0.91 | |
| PNC | PNC Financial Services | 0.90 | |
| CFG | Citizens Financial Group | 0.89 | |
| HBAN | Huntington Bancshares | 0.88 | |
| RF | Regions Financial Corporation | 0.88 | |
| FNB | F.N.B. Corporation | 0.86 | |
| USB | U.S. Bancorp | 0.85 | |
| ZION | Zions Bancorporation N.A. | 0.85 | |
| WTFC | Wintrust Financial Corporation | 0.85 | |
| SSB | SouthState Bank Corporation | 0.84 | |
| ASB | Associated Banc-Corp | 0.84 | |
| HWC | Hancock Whitney Corporation | 0.84 | |
| KEY | KeyCorp | 0.84 | |
| TFC | Truist Financial | 0.83 | |
| ABCB | Ameris Bancorp | 0.83 |
Best diversifiers for MTB
The least-correlated liquid assets in our universe, meaning the ones that historically moved most independently from MTB.
| Asset | Correlation (3Y) | ||
|---|---|---|---|
| VXZ | iPath Series B S&P 500 VIX Mid-Term Futures ETN | -0.57 | |
| VXX | iPath Series B S&P 500 VIX Short-Term Futures ETN | -0.50 | |
| LANV | Lanvin Group Holdings Limited | -0.23 | |
| NB | NioCorp Developments Ltd. | -0.20 | |
| ENTX | Entera Bio Ltd. | -0.17 | |
| USAR | USA Rare Earth, Inc. | -0.17 | |
| NGEN | NervGen Pharma Corp. | -0.16 | |
| SPRB | Spruce Biosciences, Inc. | -0.16 | |
| RFAI | RF Acquisition Corp II | -0.16 | |
| INDO | Indonesia Energy Corporation Limited | -0.16 |
MTB vs benchmarks
MTB vs its peers
Get MTB data as JSON
$ curl https://www.pairbook.io/api/v1/symbols/mtb.jsonCorrelations, diversifiers, beta and volatility for MTB, plus one endpoint per pair. API documentation.
MTB inside major ETFs
| ETF | MTB weight | |
|---|---|---|
| XLF | Financial Select Sector SPDR Fund | 0.43% |
| DGRO | iShares Core Dividend Growth ETF | 0.2% |
| RSP | Invesco S&P 500 Equal Weight ETF | 0.2% |
| VYM | Vanguard High Dividend Yield ETF | 0.15% |
| VTV | Vanguard Value ETF | 0.13% |
| SPYV | SPDR Portfolio S&P 500 Value ETF | 0.12% |
| VOO | Vanguard S&P 500 ETF | 0.06% |
| IVV | iShares Core S&P 500 ETF | 0.05% |
| SPY | SPDR S&P 500 ETF Trust | 0.05% |
| VTI | Vanguard Total Stock Market ETF | 0.05% |
