MMM vs RTX: Correlation
How closely do 3M (MMM) and RTX Corporation (RTX) trade together? Their weekly returns over three years give a correlation of 0.47, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MMM and RTX?
On 3 years of weekly data the MMM/RTX correlation comes out at 0.47, moderate. The relationship has been stable: the 1-year correlation (0.45) sits close to the 3-year figure. The 5-year figure is 0.40, and annualized covariance runs at 351.4 %².
Among the 34 assets we track against MMM, RTX ranks #21 by 3-year correlation. Correlation aside, the last 12 months split them widely, with RTX ahead by 18.3 points (+16.4% versus +34.7%). Do not treat this figure as fixed: across three years the rolling one-year correlation ranged all the way from 0.09 to 0.72.
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.
MMM vs RTX: side by side
| MMM (3M) | RTX (RTX Corporation) | |
|---|---|---|
| 1-year return | +16.4% | +34.7% |
| 5-year return | +29.9% | +178.4% |
| Volatility (ann.) | 29.8% | 25.1% |
| Beta vs S&P 500 | 0.89 | 0.57 |
| Max drawdown (3Y) | -20.7% | -19.7% |
| Market cap | $92.2B | $285.8B |
| P/E (trailing) | 31.9 | 37.3 |
| Dividend yield | 1.68% | 1.31% |
| Sector / category | Industrials | Industrials |
Year-by-year returns
| Year | MMM | RTX |
|---|---|---|
| 2022 | -29.6% | +20.0% |
| 2023 | -3.3% | -14.4% |
| 2024 | +46.1% | +40.8% |
| 2025 | +26.4% | +61.4% |
| 2026 | +13.3% | +16.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MMM and RTX good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.47 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between MMM and RTX?
The MMM/RTX correlation stands at 0.47 on a 3-year window (1 year: 0.45, 5 years: 0.40), computed from weekly returns as of 2026-08-27.
Is RTX a good diversifier for MMM?
Yes, to a useful degree: a correlation of 0.47 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.47 mean?
On the −1 to +1 scale, 0.47 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/mmm-vs-rtx.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/mmm-vs-rtx/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MMM correlations · RTX correlations
