MMM vs VTV: Correlation
3M (MMM) and Vanguard Value ETF (VTV) show a moderate relationship: their 3-year correlation of weekly returns is 0.59.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MMM and VTV?
Over the past 3 years, MMM and VTV moved with a correlation of 0.59, which is moderate. Little has changed lately, as the 1-year reading of 0.69 lands near the 3-year figure. Over 5 years the correlation is 0.64, and the annualized covariance of weekly returns is 211.3 %².
Few assets follow MMM as closely as VTV, which ranks #2 of 34 tracked partners. On 12-month performance VTV holds a 9.3-point edge, +16.4% against +25.7%. Across three years, the rolling one-year figure varied moderately, from 0.34 to 0.78. Risk is not evenly split, since MMM carries 2.5 times the volatility of the other side.
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 VTV: side by side
| MMM (3M) | VTV (Vanguard Value ETF) | |
|---|---|---|
| 1-year return | +16.4% | +25.7% |
| 5-year return | +29.9% | +79.1% |
| Volatility (ann.) | 29.8% | 11.9% |
| Beta vs S&P 500 | 0.89 | 0.65 |
| Max drawdown (3Y) | -20.7% | -14.5% |
| Market cap | $92.2B | – |
| P/E (trailing) | 31.9 | – |
| Dividend yield | 1.68% | 1.86% |
| Expense ratio | – | 0.03% |
| Assets under management | – | $256.4B |
| Sector / category | Industrials | ETF · US Style |
On the fund side, VTV sits in the Large Value category at Vanguard, with $256.4B under management, 308 holdings, a 0.03% expense ratio, a 1.86% trailing dividend yield.
Year-by-year returns
| Year | MMM | VTV |
|---|---|---|
| 2022 | -29.6% | -2.1% |
| 2023 | -3.3% | +9.3% |
| 2024 | +46.1% | +16.0% |
| 2025 | +26.4% | +15.3% |
| 2026 | +13.3% | +19.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
Keep in mind that VTV holds MMM at a 0.34% weight, which makes a slice of this correlation mechanical rather than coincidental.
Are MMM and VTV good diversifiers for each other?
To a limited degree. At 0.59 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between MMM and VTV?
Using weekly returns as of 2026-08-27: 0.59 over 3 years, with 0.69 over the last year and 0.64 over 5 years.
Is VTV a good diversifier for MMM?
To a limited degree. At 0.59 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.59 mean?
On the −1 to +1 scale, 0.59 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-vtv.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/mmm-vs-vtv/)
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Related comparisons
Hubs: MMM correlations · VTV correlations
