MMM’s worst drop since 1999 was 59%
3M (MMM) fell 59% from Jan 2018 to Oct 2023. It took 7.7 years from that peak to close at a new high, in Oct 2025. Over the same years the S&P 500 fell as much as 55%.
That drop is milder than most. It ranks 768th of the 986 stocks PortfolioAutopsy tracks, counted from the deepest.
Drawdown from the last high, 1999 to now
How MMM held up in each crash
| Crash | Years | MMM | S&P 500 |
|---|---|---|---|
| Dot-com bust | 2000–02 | −30.3% | −47.5% |
| Financial crisis | 2007–09 | −54.4% | −55.2% |
| COVID crash | 2020 | −34.4% | −33.7% |
| 2022 rate shock | 2022 | −38.8% | −24.5% |
Each number is the deepest fall from a high inside that window, using daily prices with dividends reinvested.
See how MMM behaves inside your whole mix, with the worst 12 months, loss odds and crash replays. Free, no signup, and the math runs in your browser.
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What was MMM’s maximum drawdown?
MMM’s deepest fall since 1999 was 59.1%, from its high on January 26, 2018 to its low on October 23, 2023. The figure uses daily prices with dividends reinvested.
How long did MMM take to recover?
7.7 years. MMM first closed above its Jan 2018 high again on October 21, 2025.
Was MMM riskier than the S&P 500?
Over the same years, MMM’s worst drop was 59.1% against 55.2% for the S&P 500 (SPY), and its worst 12 months were −44.6% against −47.4%.
Compare with
Daily adjusted closes from Yahoo Finance, January 5, 1999 through October 13, 2026, dividends reinvested. Historical facts, not a forecast and not investment advice.