AWR vs. MMM
AWR (American States Water Company) and MMM (3M Company) are both stocks. AWR operates in Utilities - Regulated Water (Utilities), while MMM operates in Conglomerates (Industrials). Over the past 10 years, AWR returned 8.43%/yr vs 4.80%/yr for MMM. At a 0.24 correlation, their price movements are largely independent.
Performance
AWR vs. MMM - Performance Comparison
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Returns By Period
In the year-to-date period, AWR achieves a 8.62% return, which is significantly higher than MMM's 2.94% return. Over the past 10 years, AWR has outperformed MMM with an annualized return of 8.43%, while MMM has yielded a comparatively lower 4.80% annualized return.
AWR
- 1D
- 0.71%
- 1M
- 1.33%
- YTD
- 8.62%
- 6M
- 6.85%
- 1Y
- 2.61%
- 3Y*
- -0.47%
- 5Y*
- 1.66%
- 10Y*
- 8.43%
MMM
- 1D
- 1.63%
- 1M
- 7.07%
- YTD
- 2.94%
- 6M
- 3.00%
- 1Y
- 15.44%
- 3Y*
- 28.60%
- 5Y*
- 3.94%
- 10Y*
- 4.80%
AWR vs. MMM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AWR American States Water Company | 8.62% | -4.32% | -1.18% | -11.43% | -8.92% | 32.25% | -6.75% | 31.19% | 17.91% | 29.76% |
MMM 3M Company | 2.94% | 26.36% | 46.13% | -3.33% | -29.63% | 4.85% | 2.77% | -4.29% | -16.90% | 34.90% |
Correlation
The correlation between AWR and MMM is 0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.20 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.27 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Mar 26, 1990 | 0.24 |
The correlation between AWR and MMM shifts across timeframes, from 0.09 (1 year) to 0.27 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
AWR:
$3.05B
MMM:
$86.96B
AWR:
$3.44
MMM:
$5.17
AWR:
22.57
MMM:
31.60
AWR:
4.44
MMM:
3.52
AWR:
2.86
MMM:
26.65
AWR:
$679.25M
MMM:
$25.02B
AWR:
$303.17M
MMM:
$9.89B
AWR:
$233.31M
MMM:
$5.28B
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Return for Risk
AWR vs. MMM — Risk / Return Rank
AWR
MMM
AWR vs. MMM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for American States Water Company (AWR) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| AWR | MMM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.47 | ||
| Sortino ratioReturn per unit of downside risk | -0.69 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.12 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 0.23 | 0.83 | -0.60 |
| Martin ratioReturn relative to average drawdown | 0.41 | 1.81 | -1.41 |
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Drawdowns
AWR vs. MMM - Drawdown Comparison
The maximum AWR drawdown since its inception was -37.39%, smaller than the maximum MMM drawdown of -59.10%. Use the drawdown chart below to compare losses from any high point for AWR and MMM.
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Drawdown Indicators
| AWR | MMM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.39% | -59.10% | +21.71% |
Max Drawdown (1Y)Largest decline over 1 year | -11.55% | -18.77% | +7.22% |
Max Drawdown (3Y)Largest decline over 3 years | -24.74% | -22.87% | -1.87% |
Max Drawdown (5Y)Largest decline over 5 years | -32.85% | -53.34% | +20.49% |
Max Drawdown (10Y)Largest decline over 10 years | -32.85% | -59.10% | +26.25% |
Current DrawdownCurrent decline from peak | -17.16% | -5.62% | -11.54% |
Average DrawdownAverage peak-to-trough decline | -10.81% | -16.10% | +5.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.44% | 8.54% | -2.10% |
Volatility
AWR vs. MMM - Volatility Comparison
American States Water Company (AWR) has a higher volatility of 5.81% compared to 3M Company (MMM) at 4.74%. This indicates that AWR'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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Volatility by Period
| AWR | MMM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.81% | 4.74% | +1.07% |
Volatility (6M)Calculated over the trailing 6-month period | 15.35% | 19.27% | -3.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.40% | 25.92% | -5.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.65% | 28.31% | -5.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.18% | 26.55% | -0.37% |
Dividends
AWR vs. MMM - Dividend Comparison
AWR's dividend yield for the trailing twelve months is around 2.60%, more than MMM's 1.85% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AWR American States Water Company | 2.60% | 2.68% | 2.30% | 2.06% | 1.65% | 1.35% | 1.61% | 1.34% | 1.58% | 1.72% | 2.01% | 2.08% |
MMM 3M Company | 1.85% | 1.82% | 16.27% | 5.49% | 4.97% | 3.33% | 3.36% | 3.26% | 2.86% | 2.00% | 2.49% | 2.72% |
Financials
AWR vs. MMM - Financials Comparison
This section allows you to compare key financial metrics between American States Water Company 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
AWR vs. MMM - Profitability Comparison
AWR - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, American States Water Company reported a gross profit of 0.00 and revenue of 169.19M. Therefore, the gross margin over that period was 0.0%.
MMM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, 3M Company reported a gross profit of 2.46B and revenue of 6.03B. Therefore, the gross margin over that period was 40.7%.
AWR - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, American States Water Company reported an operating income of 51.37M and revenue of 169.19M, resulting in an operating margin of 30.4%.
MMM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, 3M Company reported an operating income of 1.40B and revenue of 6.03B, resulting in an operating margin of 23.2%.
AWR - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, American States Water Company reported a net income of 29.95M and revenue of 169.19M, resulting in a net margin of 17.7%.
MMM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, 3M Company reported a net income of 653.00M and revenue of 6.03B, resulting in a net margin of 10.8%.
Frequently Asked Questions
AWR and MMM have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AWR has higher volatility (5.81%) compared to MMM (4.74%). In terms of maximum drawdown, AWR dropped -37.39% vs MMM's -59.10%.
MMM currently has the higher Sharpe Ratio (0.60 vs 0.13), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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