MMM vs. SCHD

In the year-to-date period, MMM achieves a 47.52% return, which is significantly higher than SCHD's 19.50% return. Over the past 10 years, MMM has underperformed SCHD with an annualized return of 3.16%, while SCHD has yielded a comparatively higher 11.71% annualized return.

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The correlation between MMM and SCHD is 0.73, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

This table presents a comparison of risk-adjusted performance metrics for 3M Company (MMM) and Schwab US Dividend Equity ETF (SCHD). 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.

The current MMM Sharpe Ratio is 2.02, which is comparable to the SCHD Sharpe Ratio of 2.51. The chart below compares the historical Sharpe Ratios of MMM and SCHD, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

MMM's dividend yield for the trailing twelve months is around 2.58%, less than SCHD's 3.31% yield.

The maximum MMM drawdown since its inception was -59.10%, which is greater than SCHD's maximum drawdown of -33.37%. Use the drawdown chart below to compare losses from any high point for MMM and SCHD. For additional features, visit the drawdowns tool.

3M Company (MMM) has a higher volatility of 8.60% compared to Schwab US Dividend Equity ETF (SCHD) at 3.59%. This indicates that MMM's price experiences larger fluctuations and is considered to be riskier than SCHD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.