MTB vs SPY
Comparison between M & T Bank Corp (MTB, Company) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceSPY has outperformed MTB, delivering a return of +13.3% compared to +8.9%
MTB vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Market Cap / Net Assets
MTB
$32B
Winner
SPY
$652B
Expense Ratio
MTB
N/A
SPY
0.09%
Max Drawdown
MTB
75.55%
Winner
SPY
56.47%
Sharpe Ratio
MTB
0.98
Winner
SPY
2.07
5Y Beta
Winner
MTB
0.91
SPY
1.00
Industry
MTB
Banks - Regional
SPY
N/A
P/E Ratio
Winner
MTB
12.36
SPY
28.24
Forward P/E
Winner
MTB
11.61
SPY
21.85
PEG Ratio
MTB
0.97
SPY
N/A
Dividend Yield
MTB
2.75%
SPY
N/A
5Y Dividends CAGR
Winner
MTB
12.76%
SPY
5.43%
5Y EPS CAGR
MTB
4.55%
Winner
SPY
25.79%
Debt to Equity
MTB
68.02%
Winner
SPY
22.35%
Free Cash Flow Yield
MTB
10.42%
SPY
N/A
P/S Ratio
Winner
MTB
3.42
SPY
3.55
P/B Ratio
Winner
MTB
1.23
SPY
5.29
MTB vs SPY - Historical Returns
Returns include dividend reinvestment.
1M
MTB
-3.15%
Winner
SPY
+9.11%
3M
MTB
-9.59%
Winner
SPY
+6.59%
6M
Winner
MTB
+15.83%
SPY
+10.56%
1Y
MTB
+23.07%
Winner
SPY
+32.04%
5Y(CAGR)
MTB
+8.87%
Winner
SPY
+13.35%
10Y(CAGR)
MTB
+9.54%
Winner
SPY
+15.49%
Max(CAGR)
MTB
+8.45%
Winner
SPY
+8.50%
MTB vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | MTB | SPY |
|---|---|---|
| 2026 | +4.68% | +8.27% |
| 2025 | +10.48% | +18.00% |
| 2024 | +39.71% | +25.59% |
| 2023 | -1.61% | +26.72% |
| 2022 | -5.85% | -18.64% |
| 2021 | +24.76% | +30.52% |
| 2020 | -22.69% | +17.28% |
| 2019 | +20.18% | +31.09% |
| 2018 | -14.69% | -5.24% |
| 2017 | +11.15% | +20.78% |
| 2016 | +36.28% | +13.59% |
| 2015 | -1.12% | +1.31% |
| 2014 | +11.72% | +14.56% |
| 2013 | +18.22% | +29.00% |
| 2012 | +30.33% | +14.17% |
| 2011 | -10.03% | +0.85% |
| 2010 | +34.50% | +13.14% |
| 2009 | +23.24% | +22.67% |
| 2008 | -25.55% | -36.25% |
| 2007 | -31.82% | +5.32% |
| 2006 | +12.19% | +13.85% |
| 2005 | +4.73% | +5.32% |
| 2004 | +12.23% | +10.75% |
| 2003 | +22.06% | +24.18% |
| 2002 | +10.99% | -22.42% |
| 2001 | +13.92% | -10.13% |
| 2000 | +69.50% | -8.84% |
| 1999 | -16.09% | +8.61% |
MTB vs SPY Drawdown Comparison
The maximum drawdown for MTB was -73.52%, occurring on Mar 5, 2009. Recovery took 1428 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current MTB drawdown is -10.26%.
| Rank | MTB | SPY |
|---|---|---|
| #1 | -73.52% Feb 20, 2007 - Oct 17, 2012 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -52.97% Mar 9, 2018 - Jan 7, 2022 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -40.69% Sep 12, 2022 - Sep 19, 2024 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -28.19% Nov 25, 2024 - Jan 8, 2026 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -26.75% Nov 2, 1999 - Aug 4, 2000 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -23.95% May 17, 2002 - May 30, 2003 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -23.47% Jul 22, 2015 - Nov 9, 2016 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -19.77% Jul 20, 2001 - Mar 14, 2002 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -18.02% Feb 16, 2022 - Aug 10, 2022 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -16.99% Feb 6, 2026 - Mar 19, 2026 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -16.08% Mar 1, 2017 - Dec 1, 2017 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -15.04% Dec 30, 2003 - Aug 18, 2004 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -13.61% Jan 14, 2022 - Feb 16, 2022 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -12.43% Mar 7, 2001 - Mar 30, 2001 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -12.30% Dec 5, 2014 - Mar 20, 2015 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between MTB and SPY is 0.92 which considered as a very strong positive correlation - the stocks move almost identically together.
0.92
-101
Dividend Comparison (1999 - 2026)
MTB vs SPY dividend yield comparison.
| Year | MTB | SPY |
|---|---|---|
| 2026 | 0.71% | 0.24% |
| 2025 | 3.24% | 1.07% |
| 2024 | 2.85% | 1.21% |
| 2023 | 3.79% | 1.40% |
| 2022 | 3.31% | 1.65% |
| 2021 | 2.93% | 1.20% |
| 2020 | 3.46% | 1.52% |
| 2019 | 2.42% | 1.75% |
| 2018 | 2.48% | 2.04% |
| 2017 | 1.75% | 1.80% |
| 2016 | 1.79% | 2.03% |
| 2015 | 2.31% | 2.06% |
| 2014 | 2.23% | 1.87% |
| 2013 | 2.41% | 1.81% |
| 2012 | 2.84% | 2.18% |
| 2011 | 3.67% | 2.05% |
| 2010 | 3.22% | 1.80% |
| 2009 | 4.19% | 1.95% |
| 2008 | 4.88% | 3.02% |
| 2007 | 3.19% | 1.85% |
| 2006 | 1.84% | 1.73% |
| 2005 | 1.60% | 1.73% |
| 2004 | 1.48% | 1.82% |
| 2003 | 1.22% | 1.47% |
| 2002 | 1.32% | 1.70% |
| 2001 | 1.37% | 1.25% |
| 2000 | 0.92% | 1.15% |
| 1999 | 0.30% | 0.24% |
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