MMM vs. ADEA
MMM (3M Company) and ADEA (Adeia Inc) are both stocks. MMM operates in Conglomerates (Industrials), while ADEA operates in Software - Application (Technology). Over the past 10 years, MMM returned 4.58%/yr vs 16.91%/yr for ADEA. At a 0.34 correlation, their price movements are largely independent.
Performance
MMM vs. ADEA - Performance Comparison
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Returns By Period
In the year-to-date period, MMM achieves a -0.15% return, which is significantly lower than ADEA's 85.80% return. Over the past 10 years, MMM has underperformed ADEA with an annualized return of 4.58%, while ADEA has yielded a comparatively higher 16.91% annualized return.
MMM
- 1D
- 0.26%
- 1M
- 8.18%
- YTD
- -0.15%
- 6M
- -5.36%
- 1Y
- 11.41%
- 3Y*
- 26.46%
- 5Y*
- 2.22%
- 10Y*
- 4.58%
ADEA
- 1D
- -2.15%
- 1M
- 0.82%
- YTD
- 85.80%
- 6M
- 144.66%
- 1Y
- 133.63%
- 3Y*
- 46.44%
- 5Y*
- 42.19%
- 10Y*
- 16.91%
MMM vs. ADEA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MMM 3M Company | -0.15% | 26.36% | 46.13% | -3.33% | -29.63% | 4.85% | 2.77% | -4.29% | -16.90% | 34.90% |
ADEA Adeia Inc | 85.80% | 25.22% | 14.75% | 33.53% | 92.17% | -8.65% | 16.55% | 4.53% | -21.13% | -43.16% |
Correlation
The correlation between MMM and ADEA is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.27 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since Nov 20, 2003 | 0.34 |
Fundamentals
MMM:
$84.35B
ADEA:
$3.65B
MMM:
$5.17
ADEA:
$1.08
MMM:
30.65
ADEA:
29.57
MMM:
3.41
ADEA:
7.84
MMM:
25.85
ADEA:
7.81
MMM:
$25.02B
ADEA:
$460.49M
MMM:
$9.89B
ADEA:
$312.21M
MMM:
$5.28B
ADEA:
$235.56M
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Return for Risk
MMM vs. ADEA — Risk / Return Rank
MMM
ADEA
MMM vs. ADEA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for 3M Company (MMM) and Adeia Inc (ADEA). 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.
| MMM | ADEA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.72 | ||
| Sortino ratioReturn per unit of downside risk | -1.94 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.40 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | 0.61 | 3.86 | -3.25 |
| Martin ratioReturn relative to average drawdown | 1.35 | 10.97 | -9.62 |
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Drawdowns
MMM vs. ADEA - Drawdown Comparison
The maximum MMM drawdown since its inception was -59.10%, smaller than the maximum ADEA drawdown of -80.75%. Use the drawdown chart below to compare losses from any high point for MMM and ADEA.
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Drawdown Indicators
| MMM | ADEA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.10% | -80.75% | +21.65% |
Max Drawdown (1Y)Largest decline over 1 year | -18.77% | -34.81% | +16.04% |
Max Drawdown (3Y)Largest decline over 3 years | -22.87% | -34.81% | +11.94% |
Max Drawdown (5Y)Largest decline over 5 years | -53.34% | -38.97% | -14.37% |
Max Drawdown (10Y)Largest decline over 10 years | -59.10% | -73.66% | +14.56% |
Current DrawdownCurrent decline from peak | -8.45% | -4.91% | -3.54% |
Average DrawdownAverage peak-to-trough decline | -16.10% | -37.82% | +21.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.48% | 12.25% | -3.77% |
Volatility
MMM vs. ADEA - Volatility Comparison
The current volatility for 3M Company (MMM) is 6.23%, while Adeia Inc (ADEA) has a volatility of 23.40%. This indicates that MMM experiences smaller price fluctuations and is considered to be less risky than ADEA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MMM | ADEA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.23% | 23.40% | -17.17% |
Volatility (6M)Calculated over the trailing 6-month period | 19.26% | 50.06% | -30.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.96% | 62.21% | -36.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.30% | 62.42% | -34.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.53% | 56.47% | -29.94% |
Dividends
MMM vs. ADEA - Dividend Comparison
MMM's dividend yield for the trailing twelve months is around 1.91%, more than ADEA's 0.63% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ADEA Adeia Inc | 0.63% | 1.16% | 1.43% | 1.61% | 0.95% | 1.06% | 2.39% | 4.32% | 4.35% | 3.28% | 1.81% | 2.67% |
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
MMM vs. ADEA - Financials Comparison
This section allows you to compare key financial metrics between 3M Company and Adeia Inc. 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
MMM vs. ADEA - Profitability Comparison
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%.
ADEA - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Adeia Inc reported a gross profit of 0.00 and revenue of 104.77M. Therefore, the gross margin over that period was 0.0%.
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%.
ADEA - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Adeia Inc reported an operating income of 34.83M and revenue of 104.77M, resulting in an operating margin of 33.3%.
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%.
ADEA - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Adeia Inc reported a net income of 22.77M and revenue of 104.77M, resulting in a net margin of 21.7%.
Frequently Asked Questions
MMM and ADEA have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ADEA has higher volatility (23.40%) compared to MMM (6.23%). In terms of maximum drawdown, MMM dropped -59.10% vs ADEA's -80.75%.
ADEA currently has the higher Sharpe Ratio (2.16 vs 0.44), 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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