MMM vs. BJ

Last updated Jun 13, 2026

MMM (3M Company) and BJ (BJ's Wholesale Club Holdings, Inc.) are both stocks. MMM operates in Conglomerates (Industrials), while BJ operates in Discount Stores (Consumer Defensive). Over the past 5 years, MMM returned 2.22%/yr vs 13.81%/yr for BJ. At a 0.21 correlation, their price movements are largely independent.

Performance

MMM vs. BJ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in 3M Company (MMM) and BJ's Wholesale Club Holdings, Inc. (BJ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MMM achieves a -0.15% return, which is significantly lower than BJ's 1.12% 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%

BJ

• 1D: 0.12%
• 1M: -4.17%
• YTD: 1.12%
• 6M: -2.28%
• 1Y: -16.98%
• 3Y*: 13.85%
• 5Y*: 13.81%
• 10Y*: —

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

MMM vs. BJ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
MMM 3M Company	-0.15%	26.36%	46.13%	-3.33%	-29.63%	4.85%	2.77%	-4.29%	-0.92%
BJ BJ's Wholesale Club Holdings, Inc.	1.12%	0.76%	34.04%	0.76%	-1.21%	79.64%	63.94%	2.62%	4.28%

Correlation

The correlation between MMM and BJ is 0.04, 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	0.04
Correlation (3Y) Calculated over the trailing 3-year period	0.10
Correlation (5Y) Calculated over the trailing 5-year period	0.19
Correlation (All Time) Calculated using the full available price history since Jun 28, 2018	0.21

The correlation between MMM and BJ shifts across timeframes, from 0.04 (1 year) to 0.21 (all time), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap MMM : $84.35B BJ : $11.78B
EPS MMM : $5.17 BJ : $4.35
PE Ratio MMM : 30.65 BJ : 20.91
PS Ratio MMM : 3.41 BJ : 0.54
PB Ratio MMM : 25.85 BJ : 4.69
Total Revenue (TTM) MMM : $25.02B BJ : $21.97B
Gross Profit (TTM) MMM : $9.89B BJ : $4.06B
EBITDA (TTM) MMM : $5.28B BJ : $1.05B

Return for Risk

MMM vs. BJ — Risk / Return Rank

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

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

BJ

BJ Risk / Return Rank: 19
BJ Sharpe Ratio Rank: 18
BJ Sortino Ratio Rank: 18
BJ Omega Ratio Rank: 19
BJ Calmar Ratio Rank: 20
BJ Martin Ratio Rank: 22

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.

MMM vs. BJ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for 3M Company (MMM) and BJ's Wholesale Club Holdings, Inc. (BJ). 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	BJ	Difference
Sharpe ratio: Return per unit of total volatility	0.44	-0.57	+1.01
Sortino ratio: Return per unit of downside risk	0.81	-0.64	+1.45
Omega ratio: Gain probability vs. loss probability	1.10	0.92	+0.17
Calmar ratio: Return relative to maximum drawdown	0.61	-0.64	+1.25
Martin ratio: Return relative to average drawdown	1.35	-1.02	+2.36

MMM vs. BJ - Sharpe Ratio Comparison

The current MMM Sharpe Ratio is 0.44, which is higher than the BJ Sharpe Ratio of -0.57. The chart below compares the historical Sharpe Ratios of MMM and BJ, 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

MMM vs. BJ - Drawdown Comparison

The maximum MMM drawdown since its inception was -59.10%, which is greater than BJ's maximum drawdown of -38.76%. Use the drawdown chart below to compare losses from any high point for MMM and BJ.

Drawdown Indicators

	MMM	BJ	Difference
Max Drawdown Largest peak-to-trough decline	-59.10%	-38.76%	-20.34%
Max Drawdown (1Y) Largest decline over 1 year	-18.77%	-26.66%	+7.89%
Max Drawdown (3Y) Largest decline over 3 years	-22.87%	-29.80%	+6.93%
Max Drawdown (5Y) Largest decline over 5 years	-53.34%	-29.80%	-23.54%
Max Drawdown (10Y) Largest decline over 10 years	-59.10%	—	—
Current Drawdown Current decline from peak	-8.45%	-24.10%	+15.65%
Average Drawdown Average peak-to-trough decline	-16.10%	-12.49%	-3.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.48%	16.75%	-8.27%

Volatility

MMM vs. BJ - Volatility Comparison

The current volatility for 3M Company (MMM) is 6.23%, while BJ's Wholesale Club Holdings, Inc. (BJ) has a volatility of 11.68%. This indicates that MMM experiences smaller price fluctuations and is considered to be less risky than BJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MMM	BJ	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.23%	11.68%	-5.45%
Volatility (6M) Calculated over the trailing 6-month period	19.26%	22.77%	-3.51%
Volatility (1Y) Calculated over the trailing 1-year period	25.96%	29.80%	-3.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.30%	32.31%	-4.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.53%	37.15%	-10.62%

Dividends

MMM vs. BJ - Dividend Comparison

MMM's dividend yield for the trailing twelve months is around 1.91%, while BJ has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BJ BJ's Wholesale Club Holdings, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
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

MMM vs. BJ - Profitability Comparison

The chart below illustrates the profitability comparison between 3M Company and BJ's Wholesale Club Holdings, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

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%.

BJ - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, BJ's Wholesale Club Holdings, Inc. reported a gross profit of 1.03B and revenue of 5.66B. Therefore, the gross margin over that period was 18.2%.

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%.

BJ - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, BJ's Wholesale Club Holdings, Inc. reported an operating income of 207.91M and revenue of 5.66B, resulting in an operating margin of 3.7%.

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%.

BJ - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, BJ's Wholesale Club Holdings, Inc. reported a net income of 142.73M and revenue of 5.66B, resulting in a net margin of 2.5%.

Frequently Asked Questions

Can I hold both MMM and BJ in my portfolio?

MMM and BJ have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MMM or BJ?

BJ has higher volatility (11.68%) compared to MMM (6.23%). In terms of maximum drawdown, MMM dropped -59.10% vs BJ's -38.76%.

Which has better risk-adjusted returns?

MMM currently has the higher Sharpe Ratio (0.44 vs -0.57), 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.