Correlation
The correlation between AAP and MMM is 0.45, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
AAP vs. MMM
Compare and contrast key facts about Advance Auto Parts, Inc. (AAP) and 3M Company (MMM).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AAP or MMM.
Performance
AAP vs. MMM - Performance Comparison
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Key characteristics
AAP:
-0.34
MMM:
1.52
AAP:
-0.19
MMM:
2.68
AAP:
0.98
MMM:
1.36
AAP:
-0.35
MMM:
1.27
AAP:
-0.80
MMM:
9.64
AAP:
37.72%
MMM:
5.55%
AAP:
78.70%
MMM:
35.98%
AAP:
-86.42%
MMM:
-59.10%
AAP:
-78.35%
MMM:
-10.02%
Fundamentals
AAP:
$3.16B
MMM:
$80.53B
AAP:
-$8.93
MMM:
$8.04
AAP:
1.03
MMM:
3.48
AAP:
0.35
MMM:
3.29
AAP:
1.32
MMM:
18.04
AAP:
$6.83B
MMM:
$24.51B
AAP:
$2.37B
MMM:
$10.04B
AAP:
-$525.70M
MMM:
$6.60B
Returns By Period
In the year-to-date period, AAP achieves a 2.70% return, which is significantly lower than MMM's 16.05% return. Over the past 10 years, AAP has underperformed MMM with an annualized return of -10.03%, while MMM has yielded a comparatively higher 4.53% annualized return.
AAP
2.70%
46.49%
17.46%
-26.68%
-35.08%
-17.45%
-10.03%
MMM
16.05%
7.32%
12.19%
54.20%
10.41%
6.59%
4.53%
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Risk-Adjusted Performance
AAP vs. MMM — Risk-Adjusted Performance Rank
AAP
MMM
AAP vs. MMM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Advance Auto Parts, Inc. (AAP) and 3M Company (MMM). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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Dividends
AAP vs. MMM - Dividend Comparison
AAP's dividend yield for the trailing twelve months is around 2.09%, more than MMM's 1.93% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AAP Advance Auto Parts, Inc. | 2.09% | 2.11% | 3.28% | 4.08% | 1.35% | 0.63% | 0.15% | 0.15% | 0.24% | 0.14% | 0.16% | 0.15% |
MMM 3M Company | 1.93% | 2.60% | 5.49% | 4.97% | 3.33% | 3.36% | 3.26% | 2.86% | 2.00% | 2.49% | 2.72% | 2.08% |
Drawdowns
AAP vs. MMM - Drawdown Comparison
The maximum AAP drawdown since its inception was -86.42%, which is greater than MMM's maximum drawdown of -59.10%. Use the drawdown chart below to compare losses from any high point for AAP and MMM.
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Volatility
AAP vs. MMM - Volatility Comparison
Advance Auto Parts, Inc. (AAP) has a higher volatility of 49.00% compared to 3M Company (MMM) at 8.63%. This indicates that AAP's price experiences larger fluctuations and is considered to be riskier than MMM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Financials
AAP vs. MMM - Financials Comparison
This section allows you to compare key financial metrics between Advance Auto Parts, Inc. and 3M Company. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities