MMM vs. IXC
MMM (3M Company) is a stock, while IXC (iShares Global Energy ETF) is Energy Equities fund tracking the S&P Global 1200 Energy Capped Index. Over the past 10 years, MMM returned 5.38%/yr vs 9.79%/yr for IXC. Their 0.44 correlation means their historical movements had little consistent relationship.
Performance
MMM vs. IXC - Performance Comparison
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Returns By Period
In the year-to-date period, MMM achieves a 14.83% return, which is significantly lower than IXC's 29.15% return. Over the past 10 years, MMM has underperformed IXC with an annualized return of 5.38%, while IXC has yielded a comparatively higher 9.79% annualized return.
MMM
- 1D
- 0.35%
- 1M
- 14.41%
- 6M
- 12.24%
- YTD
- 14.83%
- 1Y
- 23.58%
- 3Y*
- 31.33%
- 5Y*
- 5.61%
- 10Y*
- 5.38%
- ALL TIME*
- 8.48%
IXC
- 1D
- -1.93%
- 1M
- 8.66%
- 6M
- 10.97%
- YTD
- 29.15%
- 1Y
- 38.58%
- 3Y*
- 15.12%
- 5Y*
- 21.10%
- 10Y*
- 9.79%
- ALL TIME*
- 8.33%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $59.04M | $69.94M | $60.17M | |
MMM 3M Company | $672.67M | $635.33M | $619.54M |
MMM vs. IXC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MMM 3M Company | 14.83% | 26.36% | 46.13% | -3.33% | -29.63% | 4.85% | 2.77% | -4.29% | -16.90% | 34.90% |
IXC iShares Global Energy ETF | 29.15% | 13.98% | 1.95% | 3.92% | 48.51% | 40.88% | -31.00% | 12.67% | -14.85% | 5.54% |
Correlation
The correlation between MMM and IXC is -0.07, 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. | -0.07 |
Correlation (3Y) Balances recent behavior with more history. | 0.16 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.23 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.34 |
Correlation (All Time) Calculated using the full available price history since Nov 16, 2001 | 0.44 |
The correlation between MMM and IXC shifts across timeframes, from -0.07 (1 year) to 0.44 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
MMM vs. IXC — Risk / Return Rank
MMM
IXC
MMM vs. IXC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for 3M Company (MMM) and iShares Global Energy ETF (IXC). 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 | IXC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.08 | ||
| Sortino ratioReturn per unit of downside risk | -1.08 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.32 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 1.26 | 2.52 | -1.26 |
| Martin ratioReturn relative to average drawdown | 2.72 | 7.76 | -5.04 |
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Drawdowns
MMM vs. IXC - Drawdown Comparison
The maximum MMM drawdown since its inception was -59.10%, smaller than the maximum IXC drawdown of -67.88%. Use the drawdown chart below to compare losses from any high point for MMM and IXC.
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Drawdown Indicators
| MMM | IXC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.10% | -67.88% | +8.78% |
Max Drawdown (1Y)Largest decline over 1 year | -18.77% | -15.36% | -3.41% |
Max Drawdown (3Y)Largest decline over 3 years | -20.66% | -19.06% | -1.60% |
Max Drawdown (5Y)Largest decline over 5 years | -53.23% | -24.93% | -28.30% |
Max Drawdown (10Y)Largest decline over 10 years | -59.10% | -64.16% | +5.06% |
Current DrawdownCurrent decline from peak | -0.22% | -7.05% | +6.83% |
Average DrawdownAverage peak-to-trough decline | -16.08% | -17.42% | +1.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.68% | 4.98% | +3.70% |
Volatility
MMM vs. IXC - Volatility Comparison
3M Company (MMM) has a higher volatility of 9.65% compared to iShares Global Energy ETF (IXC) at 6.39%. This indicates that MMM's price experiences larger fluctuations and is considered to be riskier than IXC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MMM | IXC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.65% | 6.39% | +3.26% |
Volatility (6M)Calculated over the trailing 6-month period | 19.69% | 15.88% | +3.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.71% | 19.74% | +6.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.63% | 23.36% | +5.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.73% | 26.83% | -0.10% |
Dividends
MMM vs. IXC - Dividend Comparison
MMM's dividend yield for the trailing twelve months is around 1.66%, less than IXC's 2.94% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IXC iShares Global Energy ETF | 2.94% | 3.68% | 4.56% | 3.45% | 4.76% | 3.98% | 4.86% | 7.00% | 3.51% | 3.05% | 2.86% | 3.77% |
MMM 3M Company | 1.66% | 1.82% | 16.27% | 5.49% | 4.97% | 3.33% | 3.36% | 3.26% | 2.86% | 2.00% | 2.49% | 2.72% |
Frequently Asked Questions
MMM and IXC have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MMM has higher volatility (9.65%) compared to IXC (6.39%). In terms of maximum drawdown, MMM dropped -59.10% vs IXC's -67.88%.
IXC currently has the higher Sharpe Ratio (1.96 vs 0.89), 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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