MTB vs UAL

Comparison between M & T Bank Corp (MTB, Company) and United Airlines Holdings Inc (UAL, Company).

MTB is from the Financial Services sector, while UAL is from the Industrials sector.

5-Year PerformanceUAL has outperformed MTB, delivering a return of +12.7% compared to +8.9%

MTB vs UAL - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	MTB(COMPANY)	UAL(COMPANY)
Market Cap	$32B	$32B
Max Drawdown	75.55%	93.92%
Sharpe Ratio	0.98	0.74
5Y Beta	0.91	1.99
Industry	Banks - Regional	Airlines
P/E Ratio	12.36	8.84
Forward P/E	11.61	9.60
PEG Ratio	0.97	5.67
Dividend Yield	2.75%	N/A
5Y Dividends CAGR	12.76%	N/A
5Y EPS CAGR	4.55%	N/A
Debt to Equity	68.02%	0.00%
Free Cash Flow Yield	10.42%	29.32%
P/S Ratio	3.42	0.54
P/B Ratio	1.23	1.84

Market Cap

MTB

$32B

Winner

UAL

$32B

Max Drawdown

Winner

MTB

75.55%

UAL

93.92%

Sharpe Ratio

Winner

MTB

0.98

UAL

0.74

5Y Beta

Winner

MTB

0.91

UAL

1.99

Industry

MTB

Banks - Regional

UAL

Airlines

P/E Ratio

MTB

12.36

Winner

UAL

8.84

Forward P/E

MTB

11.61

Winner

UAL

9.60

PEG Ratio

Winner

MTB

0.97

UAL

5.67

Dividend Yield

MTB

2.75%

UAL

N/A

5Y Dividends CAGR

MTB

12.76%

UAL

N/A

5Y EPS CAGR

MTB

4.55%

UAL

N/A

Debt to Equity

MTB

68.02%

Winner

UAL

0.00%

Free Cash Flow Yield

MTB

10.42%

Winner

UAL

29.32%

P/S Ratio

MTB

3.42

Winner

UAL

0.54

P/B Ratio

Winner

MTB

1.23

UAL

1.84

MTB vs UAL - Historical Returns

Returns include dividend reinvestment.

Period	MTB	UAL
1 month	-3.15%	+3.41%
3 months	-9.59%	-14.30%
6 months	+15.83%	+2.21%
1 year	+23.07%	+25.40%
5 years(CAGR)	+8.87%	+12.71%
10 years(CAGR)	+9.54%	+8.10%
Max(CAGR)	+8.45%	+5.84%

MTB

-3.15%

Winner

UAL

+3.41%

Winner

MTB

-9.59%

UAL

-14.30%

Winner

MTB

+15.83%

UAL

+2.21%

MTB

+23.07%

Winner

UAL

+25.40%

5Y(CAGR)

MTB

+8.87%

Winner

UAL

+12.71%

10Y(CAGR)

Winner

MTB

+9.54%

UAL

+8.10%

Max(CAGR)

Winner

MTB

+8.45%

UAL

+5.84%

MTB vs UAL - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	MTB	UAL
2026	+4.68%	-11.88%
2025	+10.48%	+17.17%
2024	+39.71%	+138.46%
2023	-1.61%	+10.88%
2022	-5.85%	-17.12%
2021	+24.76%	+5.16%
2020	-22.69%	-51.81%
2019	+20.18%	+4.64%
2018	-14.69%	+21.45%
2017	+11.15%	-7.30%
2016	+36.28%	+31.06%
2015	-1.12%	-13.63%
2014	+11.72%	+77.29%
2013	+18.22%	+56.39%
2012	+30.33%	+23.70%
2011	-10.03%	-24.91%
2010	+34.50%	+86.09%
2009	+23.24%	+8.76%
2008	-25.55%	-63.01%
2007	-31.82%	-23.08%
2006	+12.19%	+29.79%
2005	+4.73%	N/A
2004	+12.23%	N/A
2003	+22.06%	N/A
2002	+10.99%	N/A
2001	+13.92%	N/A
2000	+69.50%	N/A
1999	-16.09%	N/A

MTB vs UAL Drawdown Comparison

The maximum drawdown for MTB was -73.52%, occurring on Mar 5, 2009. Recovery took 1428 trading sessions.

The maximum drawdown for UAL was -93.47%, occurring on Jul 15, 2008. Recovery took 1572 trading sessions.

The current MTB drawdown is -10.26%. The current UAL drawdown is -15.27%.

Rank	MTB	UAL
#1	-73.52% Feb 20, 2007 - Oct 17, 2012	-93.47% Oct 23, 2007 - Jan 22, 2014
#2	-52.97% Mar 9, 2018 - Jan 7, 2022	-79.40% Nov 30, 2018 - Nov 25, 2024
#3	-40.69% Sep 12, 2022 - Sep 19, 2024	-49.19% Jan 21, 2025 - Dec 16, 2025
#4	-28.19% Nov 25, 2024 - Jan 8, 2026	-48.72% Jan 26, 2015 - Dec 9, 2016
#5	-26.75% Nov 2, 1999 - Aug 4, 2000	-47.63% Mar 22, 2006 - Nov 22, 2006
#6	-23.95% May 17, 2002 - May 30, 2003	-35.17% Jan 16, 2007 - Oct 23, 2007
#7	-23.47% Jul 22, 2015 - Nov 9, 2016	-30.27% Jun 2, 2017 - Aug 7, 2018
#8	-19.77% Jul 20, 2001 - Mar 14, 2002	-27.50% Jan 6, 2026 - Mar 30, 2026
#9	-18.02% Feb 16, 2022 - Aug 10, 2022	-21.63% Sep 10, 2014 - Oct 28, 2014
#10	-16.99% Feb 6, 2026 - Mar 19, 2026	-21.47% Jan 22, 2014 - Aug 20, 2014
#11	-16.08% Mar 1, 2017 - Dec 1, 2017	-14.16% Dec 20, 2016 - May 9, 2017
#12	-15.04% Dec 30, 2003 - Aug 18, 2004	-12.62% Sep 14, 2018 - Nov 7, 2018
#13	-13.61% Jan 14, 2022 - Feb 16, 2022	-10.71% Dec 5, 2024 - Jan 8, 2025
#14	-12.43% Mar 7, 2001 - Mar 30, 2001	-8.93% Nov 24, 2006 - Dec 11, 2006
#15	-12.30% Dec 5, 2014 - Mar 20, 2015	-6.34% Dec 11, 2014 - Dec 30, 2014

Correlation

Correlation between MTB and UAL is 0.83 which considered as a strong positive correlation - the stocks tend to move together.

0.83

-101

Dividend Comparison (1999 - 2026)

MTB vs UAL dividend yield comparison.

Year	MTB	UAL
2026	0.71%	0.00%
2025	3.24%	0.00%
2024	2.85%	0.00%
2023	3.79%	0.00%
2022	3.31%	0.00%
2021	2.93%	0.00%
2020	3.46%	0.00%
2019	2.42%	0.00%
2018	2.48%	0.00%
2017	1.75%	0.00%
2016	1.79%	0.00%
2015	2.31%	0.00%
2014	2.23%	0.00%
2013	2.41%	0.00%
2012	2.84%	0.00%
2011	3.67%	0.00%
2010	3.22%	0.00%
2009	4.19%	0.00%
2008	4.88%	19.51%
2007	3.19%	0.00%
2006	1.84%	0.00%
2005	1.60%	0.00%
2004	1.48%	0.00%
2003	1.22%	0.00%
2002	1.32%	0.00%
2001	1.37%	0.00%
2000	0.92%	0.00%
1999	0.30%	0.00%