LEG vs. MMM

Last updated Jun 13, 2026

LEG (Leggett & Platt, Incorporated) and MMM (3M Company) are both stocks. LEG operates in Furnishings, Fixtures & Appliances (Consumer Cyclical), while MMM operates in Conglomerates (Industrials). Over the past 10 years, LEG returned -11.06%/yr vs 4.58%/yr for MMM. At a 0.40 correlation, their price movements are largely independent.

Performance

LEG vs. MMM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leggett & Platt, Incorporated (LEG) and 3M Company (MMM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LEG achieves a -3.16% return, which is significantly lower than MMM's -0.15% return. Over the past 10 years, LEG has underperformed MMM with an annualized return of -11.06%, while MMM has yielded a comparatively higher 4.58% annualized return.

LEG

• 1D: -0.75%
• 1M: 15.59%
• YTD: -3.16%
• 6M: -7.69%
• 1Y: 16.39%
• 3Y*: -27.77%
• 5Y*: -24.81%
• 10Y*: -11.06%

MMM

• 1D: 0.26%
• 1M: 8.84%
• YTD: -0.15%
• 6M: -5.36%
• 1Y: 13.32%
• 3Y*: 26.46%
• 5Y*: 2.22%
• 10Y*: 4.58%

*Multi-year figures are annualized to reflect compound growth (CAGR)

LEG vs. MMM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
LEG Leggett & Platt, Incorporated	-3.16%	17.02%	-61.93%	-13.45%	-17.78%	-3.76%	-9.05%	47.13%	-22.25%	0.58%
MMM 3M Company	-0.15%	26.36%	46.13%	-3.33%	-29.63%	4.85%	2.77%	-4.29%	-16.90%	34.90%

Correlation

The correlation between LEG and MMM is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.48
Correlation (3Y) Calculated over the trailing 3-year period	0.41
Correlation (5Y) Calculated over the trailing 5-year period	0.49
Correlation (10Y) Calculated over the trailing 10-year period	0.49
Correlation (All Time) Calculated using the full available price history since Nov 5, 1987	0.40

Fundamentals

Market Cap LEG : $1.49B MMM : $84.35B
EPS LEG : $1.60 MMM : $5.17
PE Ratio LEG : 6.62 MMM : 30.65
PS Ratio LEG : 0.49 MMM : 3.41
PB Ratio LEG : 1.44 MMM : 25.85
Total Revenue (TTM) LEG : $3.03B MMM : $25.02B
Gross Profit (TTM) LEG : $717.40M MMM : $9.89B
EBITDA (TTM) LEG : $433.10M MMM : $5.28B

Return for Risk

LEG vs. MMM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

LEG

LEG Risk / Return Rank: 52
LEG Sharpe Ratio Rank: 52
LEG Sortino Ratio Rank: 51
LEG Omega Ratio Rank: 49
LEG Calmar Ratio Rank: 53
LEG Martin Ratio Rank: 53

MMM

MMM Risk / Return Rank: 55
MMM Sharpe Ratio Rank: 58
MMM Sortino Ratio Rank: 52
MMM Omega Ratio Rank: 50
MMM Calmar Ratio Rank: 57
MMM Martin Ratio Rank: 57

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

LEG vs. MMM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leggett & Platt, Incorporated (LEG) 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.

	LEG	MMM	Difference
Sharpe ratio: Return per unit of total volatility	0.25	0.44	-0.19
Sortino ratio: Return per unit of downside risk	0.78	0.81	-0.03
Omega ratio: Gain probability vs. loss probability	1.09	1.10	0.00
Calmar ratio: Return relative to maximum drawdown	0.44	0.61	-0.17
Martin ratio: Return relative to average drawdown	0.90	1.35	-0.45

LEG vs. MMM - Sharpe Ratio Comparison

The current LEG Sharpe Ratio is 0.25, which is lower than the MMM Sharpe Ratio of 0.44. The chart below compares the historical Sharpe Ratios of LEG and MMM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

LEG vs. MMM - Drawdown Comparison

The maximum LEG drawdown since its inception was -86.41%, which is greater than MMM's maximum drawdown of -59.10%. Use the drawdown chart below to compare losses from any high point for LEG and MMM.

Drawdown Indicators

	LEG	MMM	Difference
Max Drawdown Largest peak-to-trough decline	-86.41%	-59.10%	-27.31%
Max Drawdown (1Y) Largest decline over 1 year	-28.51%	-18.77%	-9.74%
Max Drawdown (3Y) Largest decline over 3 years	-77.26%	-22.87%	-54.39%
Max Drawdown (5Y) Largest decline over 5 years	-84.96%	-53.34%	-31.62%
Max Drawdown (10Y) Largest decline over 10 years	-86.41%	-59.10%	-27.31%
Current Drawdown Current decline from peak	-77.60%	-8.45%	-69.15%
Average Drawdown Average peak-to-trough decline	-19.65%	-16.10%	-3.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.77%	8.48%	+5.29%

Volatility

LEG vs. MMM - Volatility Comparison

Leggett & Platt, Incorporated (LEG) has a higher volatility of 11.98% compared to 3M Company (MMM) at 6.23%. This indicates that LEG'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.

Volatility by Period

	LEG	MMM	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.98%	6.23%	+5.75%
Volatility (6M) Calculated over the trailing 6-month period	31.40%	19.26%	+12.14%
Volatility (1Y) Calculated over the trailing 1-year period	49.76%	25.96%	+23.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	42.50%	28.30%	+14.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	39.81%	26.53%	+13.28%

Dividends

LEG vs. MMM - Dividend Comparison

LEG's dividend yield for the trailing twelve months is around 1.89%, less than MMM's 1.91% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
LEG Leggett & Platt, Incorporated	1.42%	1.82%	6.35%	6.95%	5.40%	4.03%	3.61%	3.11%	4.19%	2.98%	2.74%	3.00%
MMM 3M Company	1.91%	1.82%	16.27%	5.49%	4.97%	3.33%	3.36%	3.26%	2.86%	2.00%	2.49%	2.72%

Financials

Frequently Asked Questions

Can I hold both LEG and MMM in my portfolio?

LEG and MMM have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LEG or MMM?

LEG has higher volatility (11.98%) compared to MMM (6.23%). In terms of maximum drawdown, LEG dropped -86.41% vs MMM's -59.10%.

Which has better risk-adjusted returns?

MMM currently has the higher Sharpe Ratio (0.44 vs 0.25), 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.