MTB vs PAYX
Comparison between M & T Bank Corp (MTB, Company) and Paychex Inc (PAYX, Company).
MTB is from the Financial Services sector, while PAYX is from the Technology sector.
5-Year PerformanceMTB has outperformed PAYX, delivering a return of +13.0% compared to +1.9%
MTB vs PAYX - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
MTB vs PAYX - Historical Returns
Returns include dividend reinvestment.
MTB vs PAYX - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | MTB | PAYX |
|---|---|---|
| 2026 | +17.91% | -5.81% |
| 2025 | +10.48% | -16.46% |
| 2024 | +39.71% | +22.56% |
| 2023 | -1.61% | +5.97% |
| 2022 | -5.85% | -11.91% |
| 2021 | +24.76% | +54.86% |
| 2020 | -22.69% | +13.16% |
| 2019 | +20.18% | +34.71% |
| 2018 | -14.69% | +0.03% |
| 2017 | +11.15% | +15.11% |
| 2016 | +36.28% | +22.09% |
| 2015 | -1.12% | +18.22% |
| 2014 | +11.72% | +6.02% |
| 2013 | +18.22% | +45.43% |
| 2012 | +30.33% | +8.55% |
| 2011 | -10.03% | -0.08% |
| 2010 | +34.50% | +4.76% |
| 2009 | +23.24% | +19.07% |
| 2008 | -25.55% | -21.95% |
| 2007 | -31.82% | -5.50% |
| 2006 | +12.19% | +4.23% |
| 2005 | +4.73% | +16.02% |
| 2004 | +12.23% | -6.15% |
| 2003 | +22.06% | +30.53% |
| 2002 | +10.99% | -18.22% |
| 2001 | +13.92% | -22.93% |
| 2000 | +69.50% | +83.60% |
| 1999 | -16.09% | +0.93% |
MTB vs PAYX Drawdown Comparison
The maximum drawdown for MTB was -73.52%, occurring on Mar 5, 2009. Recovery took 1428 trading sessions.
The maximum drawdown for PAYX was -64.85%, occurring on Aug 12, 2002. Recovery took 3246 trading sessions.
The current PAYX drawdown is -34.87%.
| Rank | MTB | PAYX |
|---|---|---|
| #1 | -73.52% Feb 20, 2007 - Oct 17, 2012 | -64.85% Nov 21, 2000 - Oct 21, 2013 |
| #2 | -52.97% Mar 9, 2018 - Jan 7, 2022 | -44.94% Jun 6, 2025 - Apr 10, 2026 |
| #3 | -40.69% Sep 12, 2022 - Sep 19, 2024 | -44.15% Feb 20, 2020 - Nov 6, 2020 |
| #4 | -28.19% Nov 25, 2024 - Jan 8, 2026 | -23.41% Apr 6, 2022 - Sep 3, 2024 |
| #5 | -26.75% Nov 2, 1999 - Aug 4, 2000 | -19.75% Apr 25, 2000 - Jun 1, 2000 |
| #6 | -23.95% May 17, 2002 - May 30, 2003 | -18.77% Dec 29, 2021 - Mar 30, 2022 |
| #7 | -23.47% Jul 22, 2015 - Nov 9, 2016 | -17.39% Sep 21, 2018 - Feb 8, 2019 |
| #8 | -19.77% Jul 20, 2001 - Mar 14, 2002 | -15.45% Mar 20, 2015 - Oct 22, 2015 |
| #9 | -18.02% Feb 16, 2022 - Aug 10, 2022 | -14.81% Nov 20, 2015 - Mar 17, 2016 |
| #10 | -16.99% Feb 6, 2026 - Jun 25, 2026 | -14.66% Aug 7, 2000 - Sep 22, 2000 |
| #11 | -16.08% Mar 1, 2017 - Dec 1, 2017 | -14.57% Dec 3, 1999 - Jan 14, 2000 |
| #12 | -15.04% Dec 30, 2003 - Aug 18, 2004 | -14.19% Dec 18, 2017 - Jun 12, 2018 |
| #13 | -13.61% Jan 14, 2022 - Feb 16, 2022 | -12.42% Jan 20, 2000 - Feb 14, 2000 |
| #14 | -12.43% Mar 7, 2001 - Mar 30, 2001 | -12.28% Mar 15, 2017 - Oct 3, 2017 |
| #15 | -12.30% Dec 5, 2014 - Mar 20, 2015 | -12.19% Jun 21, 2000 - Jul 12, 2000 |
Correlation
Correlation between MTB and PAYX is 0.88 which considered as a strong positive correlation - the stocks tend to move together.
Dividend Comparison (1999 - 2026)
MTB vs PAYX dividend yield comparison.
| Year | MTB | PAYX |
|---|---|---|
| 2026 | 1.26% | 2.27% |
| 2025 | 3.24% | 3.76% |
| 2024 | 2.85% | 2.73% |
| 2023 | 3.79% | 2.90% |
| 2022 | 3.31% | 2.62% |
| 2021 | 2.93% | 1.90% |
| 2020 | 3.46% | 2.66% |
| 2019 | 2.42% | 2.85% |
| 2018 | 2.48% | 3.35% |
| 2017 | 1.75% | 2.82% |
| 2016 | 1.79% | 2.89% |
| 2015 | 2.31% | 3.03% |
| 2014 | 2.23% | 3.16% |
| 2013 | 2.41% | 1.54% |
| 2012 | 2.84% | 6.27% |
| 2011 | 3.67% | 4.15% |
| 2010 | 3.22% | 4.01% |
| 2009 | 4.19% | 4.05% |
| 2008 | 4.88% | 4.64% |
| 2007 | 3.19% | 2.82% |
| 2006 | 1.84% | 1.75% |
| 2005 | 1.60% | 1.44% |
| 2004 | 1.48% | 1.44% |
| 2003 | 1.22% | 1.21% |
| 2002 | 1.32% | 1.58% |
| 2001 | 1.37% | 1.09% |
| 2000 | 0.92% | 0.56% |
| 1999 | 0.30% | 0.00% |
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