UAL vs MTB

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

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

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

UAL vs MTB - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

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

Market Cap

Winner

UAL

$32B

MTB

$32B

Max Drawdown

UAL

93.92%

Winner

MTB

75.55%

Sharpe Ratio

UAL

0.74

Winner

MTB

0.98

5Y Beta

UAL

1.99

Winner

MTB

0.91

Industry

UAL

Airlines

MTB

Banks - Regional

P/E Ratio

Winner

UAL

8.84

MTB

12.36

Forward P/E

Winner

UAL

9.60

MTB

11.61

PEG Ratio

UAL

5.67

Winner

MTB

0.97

Dividend Yield

UAL

N/A

MTB

2.75%

5Y Dividends CAGR

UAL

N/A

MTB

12.76%

5Y EPS CAGR

UAL

N/A

MTB

4.55%

Debt to Equity

Winner

UAL

0.00%

MTB

68.02%

Free Cash Flow Yield

Winner

UAL

29.32%

MTB

10.42%

P/S Ratio

Winner

UAL

0.54

MTB

3.42

P/B Ratio

UAL

1.84

Winner

MTB

1.23

UAL vs MTB - Historical Returns

Returns include dividend reinvestment.

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

Winner

UAL

+3.41%

MTB

-3.15%

UAL

-14.30%

Winner

MTB

-9.59%

UAL

+2.21%

Winner

MTB

+15.83%

Winner

UAL

+25.40%

MTB

+23.07%

5Y(CAGR)

Winner

UAL

+12.71%

MTB

+8.87%

10Y(CAGR)

UAL

+8.10%

Winner

MTB

+9.54%

Max(CAGR)

UAL

+5.84%

Winner

MTB

+8.45%

UAL vs MTB - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

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

UAL vs MTB Drawdown Comparison

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

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

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

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

Correlation

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

0.83

-101

Dividend Comparison (1999 - 2026)

UAL vs MTB dividend yield comparison.

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