MMM vs. GOOGL
MMM (3M Company) and GOOGL (Alphabet Inc. Class A) are both stocks. MMM operates in Conglomerates (Industrials), while GOOGL operates in Internet Content & Information (Communication Services). Over the past 10 years, MMM returned 4.58%/yr vs 25.76%/yr for GOOGL. At a 0.38 correlation, their price movements are largely independent.
Performance
MMM vs. GOOGL - 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 GOOGL's 15.06% return. Over the past 10 years, MMM has underperformed GOOGL with an annualized return of 4.58%, while GOOGL has yielded a comparatively higher 25.76% 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%
GOOGL
- 1D
- 0.53%
- 1M
- -10.61%
- YTD
- 15.06%
- 6M
- 16.44%
- 1Y
- 105.30%
- 3Y*
- 43.10%
- 5Y*
- 24.46%
- 10Y*
- 25.76%
MMM vs. GOOGL - 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% |
GOOGL Alphabet Inc. Class A | 15.06% | 65.99% | 36.01% | 58.32% | -39.09% | 65.30% | 30.85% | 28.18% | -0.80% | 32.93% |
Correlation
The correlation between MMM and GOOGL is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.21 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.29 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.33 |
Correlation (All Time) Calculated using the full available price history since Aug 19, 2004 | 0.38 |
The correlation between MMM and GOOGL shifts across timeframes, from 0.19 (1 year) to 0.38 (all time), reflecting how their relationship changes across market environments.
Fundamentals
MMM:
$84.35B
GOOGL:
$4.40T
MMM:
$5.17
GOOGL:
$13.11
MMM:
30.65
GOOGL:
27.43
MMM:
3.41
GOOGL:
10.40
MMM:
25.85
GOOGL:
9.19
MMM:
$25.02B
GOOGL:
$422.57B
MMM:
$9.89B
GOOGL:
$255.12B
MMM:
$5.28B
GOOGL:
$174.08B
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Return for Risk
MMM vs. GOOGL — Risk / Return Rank
MMM
GOOGL
MMM vs. GOOGL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for 3M Company (MMM) and Alphabet Inc. Class A (GOOGL). 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 | GOOGL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.17 | ||
| Sortino ratioReturn per unit of downside risk | -4.11 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.59 | -0.49 |
| Calmar ratioReturn relative to maximum drawdown | 0.61 | 5.20 | -4.59 |
| Martin ratioReturn relative to average drawdown | 1.35 | 18.48 | -17.13 |
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Drawdowns
MMM vs. GOOGL - Drawdown Comparison
The maximum MMM drawdown since its inception was -59.10%, smaller than the maximum GOOGL drawdown of -65.29%. Use the drawdown chart below to compare losses from any high point for MMM and GOOGL.
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Drawdown Indicators
| MMM | GOOGL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.10% | -65.29% | +6.19% |
Max Drawdown (1Y)Largest decline over 1 year | -18.77% | -20.37% | +1.60% |
Max Drawdown (3Y)Largest decline over 3 years | -22.87% | -29.81% | +6.94% |
Max Drawdown (5Y)Largest decline over 5 years | -53.34% | -44.32% | -9.02% |
Max Drawdown (10Y)Largest decline over 10 years | -59.10% | -44.32% | -14.78% |
Current DrawdownCurrent decline from peak | -8.45% | -10.61% | +2.16% |
Average DrawdownAverage peak-to-trough decline | -16.10% | -13.01% | -3.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.48% | 5.72% | +2.76% |
Volatility
MMM vs. GOOGL - Volatility Comparison
The current volatility for 3M Company (MMM) is 6.23%, while Alphabet Inc. Class A (GOOGL) has a volatility of 7.24%. This indicates that MMM experiences smaller price fluctuations and is considered to be less risky than GOOGL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MMM | GOOGL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.23% | 7.24% | -1.01% |
Volatility (6M)Calculated over the trailing 6-month period | 19.26% | 20.82% | -1.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.96% | 29.31% | -3.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.30% | 31.33% | -3.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.53% | 29.13% | -2.60% |
Dividends
MMM vs. GOOGL - Dividend Comparison
MMM's dividend yield for the trailing twelve months is around 1.91%, more than GOOGL's 0.24% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GOOGL Alphabet Inc. Class A | 0.24% | 0.27% | 0.32% | 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. GOOGL - Financials Comparison
This section allows you to compare key financial metrics between 3M Company and Alphabet Inc. Class A. 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. GOOGL - 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%.
GOOGL - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Alphabet Inc. Class A reported a gross profit of 68.63B and revenue of 109.90B. Therefore, the gross margin over that period was 62.5%.
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%.
GOOGL - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Alphabet Inc. Class A reported an operating income of 39.70B and revenue of 109.90B, resulting in an operating margin of 36.1%.
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%.
GOOGL - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Alphabet Inc. Class A reported a net income of 62.58B and revenue of 109.90B, resulting in a net margin of 56.9%.
Frequently Asked Questions
MMM and GOOGL have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GOOGL has higher volatility (7.24%) compared to MMM (6.23%). In terms of maximum drawdown, MMM dropped -59.10% vs GOOGL's -65.29%.
GOOGL currently has the higher Sharpe Ratio (3.62 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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