APPF vs MMM: Correlation
Measured on weekly returns over the past three years, AppFolio, Inc. (APPF) and 3M (MMM) carry a correlation of -0.20, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are APPF and MMM?
Over the past 3 years, APPF and MMM moved with a correlation of -0.20, which is negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.07) runs above the 3-year figure (-0.20). Over 5 years the correlation is 0.03, and the annualized covariance of weekly returns is -248.8 %².
Out of 13 assets tracked against APPF, MMM lands near the bottom at #9. Their recent paths diverged sharply: over the last 12 months MMM outperformed by 32.4 percentage points (-16.0% for APPF against +16.4% for MMM).
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
APPF vs MMM: side by side
| APPF (AppFolio, Inc.) | MMM (3M) | |
|---|---|---|
| 1-year return | -16.0% | +16.4% |
| 5-year return | +93.0% | +29.9% |
| Volatility (ann.) | 41.6% | 29.8% |
| Beta vs S&P 500 | 0.64 | 0.89 |
| Max drawdown (3Y) | -55.4% | -20.7% |
| Market cap | $8.2B | $92.2B |
| P/E (trailing) | 50.8 | 31.9 |
| Dividend yield | 0.00% | 1.68% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | APPF | MMM |
|---|---|---|
| 2022 | -13.0% | -29.6% |
| 2023 | +64.4% | -3.3% |
| 2024 | +42.4% | +46.1% |
| 2025 | -5.7% | +26.4% |
| 2026 | -0.3% | +13.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are APPF and MMM good diversifiers for each other?
Yes: at -0.20, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between APPF and MMM?
As of 2026-08-27, the correlation of weekly returns between APPF and MMM is -0.20 over 3 years, -0.07 over 1 year and 0.03 over 5 years.
Is MMM a good diversifier for APPF?
Yes: at -0.20, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.20 mean?
On the −1 to +1 scale, -0.20 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/appf-vs-mmm.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/appf-vs-mmm/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: APPF correlations · MMM correlations
