ADEA vs. BA

Last updated Jun 9, 2026

ADEA (Adeia Inc) and BA (The Boeing Company) are both stocks. ADEA operates in Software - Application (Technology), while BA operates in Aerospace & Defense (Industrials). Over the past 10 years, ADEA returned 16.71%/yr vs 6.08%/yr for BA. At a 0.34 correlation, their price movements are largely independent.

Performance

ADEA vs. BA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Adeia Inc (ADEA) and The Boeing Company (BA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ADEA achieves a 83.64% return, which is significantly higher than BA's -0.55% return. Over the past 10 years, ADEA has outperformed BA with an annualized return of 16.71%, while BA has yielded a comparatively lower 6.08% annualized return.

ADEA

• 1D: 8.87%
• 1M: 7.04%
• YTD: 83.64%
• 6M: 148.46%
• 1Y: 138.16%
• 3Y*: 47.04%
• 5Y*: 41.70%
• 10Y*: 16.71%

BA

• 1D: 0.22%
• 1M: -9.03%
• YTD: -0.55%
• 6M: 4.68%
• 1Y: 2.43%
• 3Y*: -0.21%
• 5Y*: -2.74%
• 10Y*: 6.08%

*Multi-year figures are annualized to reflect compound growth (CAGR)

ADEA vs. BA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ADEA Adeia Inc	83.64%	25.22%	14.75%	33.53%	92.17%	-8.65%	16.55%	4.53%	-21.13%	-43.16%
BA The Boeing Company	-0.55%	22.67%	-32.10%	36.84%	-5.38%	-5.95%	-33.90%	3.34%	11.50%	94.72%

Correlation

The correlation between ADEA and BA is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.24
Correlation (3Y) Calculated over the trailing 3-year period	0.24
Correlation (5Y) Calculated over the trailing 5-year period	0.33
Correlation (10Y) Calculated over the trailing 10-year period	0.30
Correlation (All Time) Calculated using the full available price history since Nov 21, 2003	0.34

Fundamentals

Market Cap ADEA : $3.60B BA : $176.66B
EPS ADEA : $1.08 BA : $2.90
PE Ratio ADEA : 29.22 BA : 74.42
PEG Ratio ADEA : 2.04 BA : 11.66
PS Ratio ADEA : 7.74 BA : 1.83
PB Ratio ADEA : 7.72 BA : 29.54
Total Revenue (TTM) ADEA : $460.49M BA : $92.18B
Gross Profit (TTM) ADEA : $312.21M BA : $4.43B
EBITDA (TTM) ADEA : $235.56M BA : $7.13B

Return for Risk

ADEA vs. BA — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ADEA

ADEA Risk / Return Rank: 89
ADEA Sharpe Ratio Rank: 91
ADEA Sortino Ratio Rank: 87
ADEA Omega Ratio Rank: 90
ADEA Calmar Ratio Rank: 89
ADEA Martin Ratio Rank: 90

BA

BA Risk / Return Rank: 42
BA Sharpe Ratio Rank: 45
BA Sortino Ratio Rank: 39
BA Omega Ratio Rank: 38
BA Calmar Ratio Rank: 44
BA Martin Ratio Rank: 44

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ADEA vs. BA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Adeia Inc (ADEA) and The Boeing Company (BA). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	ADEA	BA	Difference
Sharpe ratio: Return per unit of total volatility	2.25	0.08	+2.17
Sortino ratio: Return per unit of downside risk	2.81	0.35	+2.46
Omega ratio: Gain probability vs. loss probability	1.42	1.04	+0.38
Calmar ratio: Return relative to maximum drawdown	3.99	0.10	+3.89
Martin ratio: Return relative to average drawdown	11.35	0.22	+11.13
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ADEA vs. BA - Sharpe Ratio Comparison

The current ADEA Sharpe Ratio is 2.25, which is higher than the BA Sharpe Ratio of 0.08. The chart below compares the historical Sharpe Ratios of ADEA and BA, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ADEA	BA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.25	0.08	+2.17
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.67	-0.08	+0.75
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.30	0.15	+0.15
Sharpe Ratio (All Time) Calculated using the full available price history	0.20	0.30	-0.10

Drawdowns

ADEA vs. BA - Drawdown Comparison

The maximum ADEA drawdown since its inception was -80.75%, smaller than the maximum BA drawdown of -89.45%. Use the drawdown chart below to compare losses from any high point for ADEA and BA.

Drawdown Indicators

	ADEA	BA	Difference
Max Drawdown Largest peak-to-trough decline	-80.75%	-89.45%	+8.70%
Max Drawdown (1Y) Largest decline over 1 year	-34.81%	-24.96%	-9.85%
Max Drawdown (3Y) Largest decline over 3 years	-34.81%	-48.31%	+13.50%
Max Drawdown (5Y) Largest decline over 5 years	-39.16%	-53.76%	+14.60%
Max Drawdown (10Y) Largest decline over 10 years	-73.66%	-77.92%	+4.26%
Current Drawdown Current decline from peak	-6.01%	-49.82%	+43.81%
Average Drawdown Average peak-to-trough decline	-37.85%	-31.02%	-6.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.22%	10.91%	+1.31%

Volatility

ADEA vs. BA - Volatility Comparison

Adeia Inc (ADEA) has a higher volatility of 24.74% compared to The Boeing Company (BA) at 11.06%. This indicates that ADEA's price experiences larger fluctuations and is considered to be riskier than BA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ADEA	BA	Difference
Volatility (1M) Calculated over the trailing 1-month period	24.74%	11.06%	+13.68%
Volatility (6M) Calculated over the trailing 6-month period	49.82%	22.76%	+27.06%
Volatility (1Y) Calculated over the trailing 1-year period	61.98%	31.87%	+30.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	62.37%	36.48%	+25.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	56.45%	41.58%	+14.87%

Dividends

ADEA vs. BA - Dividend Comparison

ADEA's dividend yield for the trailing twelve months is around 0.63%, while BA has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ADEA Adeia Inc	0.63%	1.16%	1.43%	1.61%	0.95%	1.06%	2.39%	4.32%	4.35%	3.28%	1.81%	2.67%
BA The Boeing Company	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.96%	2.52%	2.12%	1.93%	2.80%	2.52%

Financials

ADEA vs. BA - Profitability Comparison

The chart below illustrates the profitability comparison between Adeia Inc and The Boeing Company over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

ADEA - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Adeia Inc reported a gross profit of 0.00 and revenue of 104.77M. Therefore, the gross margin over that period was 0.0%.

BA - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, The Boeing Company reported a gross profit of 2.55B and revenue of 22.22B. Therefore, the gross margin over that period was 11.5%.

ADEA - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Adeia Inc reported an operating income of 34.83M and revenue of 104.77M, resulting in an operating margin of 33.3%.

BA - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, The Boeing Company reported an operating income of 448.00M and revenue of 22.22B, resulting in an operating margin of 2.0%.

ADEA - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Adeia Inc reported a net income of 22.77M and revenue of 104.77M, resulting in a net margin of 21.7%.

BA - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, The Boeing Company reported a net income of -4.00M and revenue of 22.22B, resulting in a net margin of -0.0%.

Frequently Asked Questions

Can I hold both ADEA and BA in my portfolio?

ADEA and BA have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ADEA or BA?

ADEA has higher volatility (24.74%) compared to BA (11.06%). In terms of maximum drawdown, ADEA dropped -80.75% vs BA's -89.45%.

Which has better risk-adjusted returns?

ADEA currently has the higher Sharpe Ratio (2.25 vs 0.08), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.