GGG vs MMM: Correlation
How closely do Graco Inc. (GGG) and 3M (MMM) trade together? Their weekly returns over three years give a correlation of 0.57, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GGG and MMM?
On 3 years of weekly data the GGG/MMM correlation comes out at 0.57, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.69 versus 0.57 over 3 years. The 5-year figure is 0.57, and annualized covariance runs at 325.0 %².
Within GGG's tracked universe of 26 assets, MMM comes in at #15 by 3-year correlation. The last year tells two different stories: MMM led by 23.6 percentage points, -7.2% for GGG against +16.4% for MMM. Note the risk asymmetry: MMM runs 1.6 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
GGG vs MMM: side by side
| GGG (Graco Inc.) | MMM (3M) | |
|---|---|---|
| 1-year return | -7.2% | +16.4% |
| 5-year return | +7.7% | +29.9% |
| Volatility (ann.) | 19.0% | 29.8% |
| Beta vs S&P 500 | 0.70 | 0.89 |
| Max drawdown (3Y) | -22.6% | -20.7% |
| Market cap | $12.9B | $92.2B |
| P/E (trailing) | 25.0 | 31.9 |
| Dividend yield | 1.46% | 1.68% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | GGG | MMM |
|---|---|---|
| 2022 | -15.5% | -29.6% |
| 2023 | +30.6% | -3.3% |
| 2024 | -1.7% | +46.1% |
| 2025 | -1.5% | +26.4% |
| 2026 | -1.8% | +13.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GGG and MMM good diversifiers for each other?
Somewhat, no more. With 0.57 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between GGG and MMM?
As of 2026-08-27, the correlation of weekly returns between GGG and MMM is 0.57 over 3 years, 0.69 over 1 year and 0.57 over 5 years.
Is MMM a good diversifier for GGG?
Somewhat, no more. With 0.57 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.57 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ggg-vs-mmm.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ggg-vs-mmm/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: GGG correlations · MMM correlations
