MMM vs. AWR
MMM (3M Company) and AWR (American States Water Company) are both stocks. MMM operates in Conglomerates (Industrials), while AWR operates in Utilities - Regulated Water (Utilities). Over the past 10 years, MMM returned 5.05%/yr vs 9.28%/yr for AWR. Their 0.24 correlation means their historical movements had little consistent relationship.
Performance
MMM vs. AWR - Performance Comparison
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Returns By Period
In the year-to-date period, MMM achieves a 11.17% return, which is significantly lower than AWR's 19.78% return. Over the past 10 years, MMM has underperformed AWR with an annualized return of 5.05%, while AWR has yielded a comparatively higher 9.28% annualized return.
MMM
- 1D
- 0.12%
- 1M
- 10.20%
- 6M
- 16.21%
- YTD
- 11.17%
- 1Y
- 20.34%
- 3Y*
- 27.91%
- 5Y*
- 4.95%
- 10Y*
- 5.05%
- ALL TIME*
- 8.42%
AWR
- 1D
- -0.37%
- 1M
- 2.76%
- 6M
- 18.99%
- YTD
- 19.78%
- 1Y
- 19.57%
- 3Y*
- 2.09%
- 5Y*
- 1.52%
- 10Y*
- 9.28%
- ALL TIME*
- 12.07%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $26.21M | $26.71M | $26.89M | |
MMM 3M Company | $851.12M | $623.50M | $620.01M |
MMM vs. AWR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MMM 3M Company | 11.17% | 26.36% | 46.13% | -3.33% | -29.63% | 4.85% | 2.77% | -4.29% | -16.90% | 34.90% |
AWR American States Water Company | 19.78% | -4.32% | -1.18% | -11.43% | -8.92% | 32.25% | -6.75% | 31.19% | 17.91% | 29.76% |
Correlation
The correlation between MMM and AWR is 0.06, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.06 |
Correlation (3Y) Balances recent behavior with more history. | 0.19 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.27 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.25 |
Correlation (All Time) Calculated using the full available price history since Mar 26, 1990 | 0.24 |
The correlation between MMM and AWR shifts across timeframes, from 0.06 (1 year) to 0.27 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
MMM:
$90.91B
AWR:
$3.36B
MMM:
$5.60
AWR:
$3.44
MMM:
31.49
AWR:
24.92
MMM:
3.75
AWR:
4.90
MMM:
31.51
AWR:
3.16
MMM:
$25.18B
AWR:
$679.25M
MMM:
$9.92B
AWR:
$303.17M
MMM:
$5.45B
AWR:
$233.31M
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Return for Risk
MMM vs. AWR — Risk / Return Rank
MMM
AWR
MMM vs. AWR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for 3M Company (MMM) and American States Water Company (AWR). 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 | AWR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.20 | ||
| Sortino ratioReturn per unit of downside risk | -0.17 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.18 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.09 | 2.34 | -1.25 |
| Martin ratioReturn relative to average drawdown | 2.35 | 5.12 | -2.77 |
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Drawdowns
MMM vs. AWR - Drawdown Comparison
The maximum MMM drawdown since its inception was -59.10%, which is greater than AWR's maximum drawdown of -37.39%. Use the drawdown chart below to compare losses from any high point for MMM and AWR.
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Drawdown Indicators
| MMM | AWR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.10% | -37.39% | -21.71% |
Max Drawdown (1Y)Largest decline over 1 year | -18.77% | -8.41% | -10.36% |
Max Drawdown (3Y)Largest decline over 3 years | -20.66% | -24.10% | +3.44% |
Max Drawdown (5Y)Largest decline over 5 years | -53.23% | -32.85% | -20.38% |
Max Drawdown (10Y)Largest decline over 10 years | -59.10% | -32.85% | -26.25% |
Current DrawdownCurrent decline from peak | -3.40% | -8.65% | +5.25% |
Average DrawdownAverage peak-to-trough decline | -16.08% | -10.81% | -5.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.68% | 3.83% | +4.85% |
Volatility
MMM vs. AWR - Volatility Comparison
3M Company (MMM) has a higher volatility of 9.67% compared to American States Water Company (AWR) at 6.58%. This indicates that MMM's price experiences larger fluctuations and is considered to be riskier than AWR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MMM | AWR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.67% | 6.58% | +3.09% |
Volatility (6M)Calculated over the trailing 6-month period | 19.73% | 16.19% | +3.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.96% | 20.43% | +6.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.62% | 22.73% | +5.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.71% | 26.21% | +0.50% |
Dividends
MMM vs. AWR - Dividend Comparison
MMM's dividend yield for the trailing twelve months is around 1.71%, less than AWR's 2.35% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AWR American States Water Company | 2.35% | 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 | 1.71% | 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. AWR - Financials Comparison
This section allows you to compare key financial metrics between 3M Company and American States Water 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
MMM vs. AWR - Profitability Comparison
MMM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, 3M Company reported a gross profit of 2.68B and revenue of 6.50B. Therefore, the gross margin over that period was 41.3%.
AWR - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 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 - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, 3M Company reported an operating income of 984.00M and revenue of 6.50B, resulting in an operating margin of 15.1%.
AWR - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 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 - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, 3M Company reported a net income of 933.00M and revenue of 6.50B, resulting in a net margin of 14.4%.
AWR - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 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%.
Frequently Asked Questions
MMM and AWR have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MMM has higher volatility (9.67%) compared to AWR (6.58%). In terms of maximum drawdown, MMM dropped -59.10% vs AWR's -37.39%.
AWR currently has the higher Sharpe Ratio (0.96 vs 0.76), 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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