MMM vs. ^GSPC
Compare and contrast key facts about 3M Company (MMM) and S&P 500 (^GSPC).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MMM or ^GSPC.
Performance
MMM vs. ^GSPC - Performance Comparison
Returns By Period
In the year-to-date period, MMM achieves a 45.37% return, which is significantly higher than ^GSPC's 25.15% return. Over the past 10 years, MMM has underperformed ^GSPC with an annualized return of 3.14%, while ^GSPC has yielded a comparatively higher 11.21% annualized return.
MMM
45.37%
0.93%
30.23%
66.63%
2.33%
3.14%
^GSPC
25.15%
2.97%
12.53%
31.00%
13.95%
11.21%
Key characteristics
| MMM | ^GSPC | |
|---|---|---|
| Sharpe Ratio | 1.98 | 2.53 |
| Sortino Ratio | 3.39 | 3.39 |
| Omega Ratio | 1.48 | 1.47 |
| Calmar Ratio | 1.21 | 3.65 |
| Martin Ratio | 10.78 | 16.21 |
| Ulcer Index | 6.18% | 1.91% |
| Daily Std Dev | 33.73% | 12.23% |
| Max Drawdown | -59.10% | -56.78% |
| Current Drawdown | -22.87% | -0.53% |
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Correlation
The correlation between MMM and ^GSPC is 0.61, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Risk-Adjusted Performance
MMM vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for 3M Company (MMM) and S&P 500 (^GSPC). 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.
Drawdowns
MMM vs. ^GSPC - Drawdown Comparison
The maximum MMM drawdown since its inception was -59.10%, roughly equal to the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for MMM and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
MMM vs. ^GSPC - Volatility Comparison
3M Company (MMM) has a higher volatility of 8.64% compared to S&P 500 (^GSPC) at 3.97%. This indicates that MMM's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.