AIR vs. BA
AIR (AAR Corp.) and BA (The Boeing Company) are both stocks. Both operate in the Aerospace & Defense industry within the Industrials sector. Over the past 10 years, AIR returned 19.86%/yr vs 6.05%/yr for BA. Their 0.35 correlation means their historical movements had little consistent relationship.
Performance
AIR vs. BA - Performance Comparison
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Returns By Period
In the year-to-date period, AIR achieves a 69.15% return, which is significantly higher than BA's -0.45% return. Over the past 10 years, AIR has outperformed BA with an annualized return of 19.86%, while BA has yielded a comparatively lower 6.05% annualized return.
AIR
- 1D
- 0.40%
- 1M
- -0.05%
- 6M
- 32.23%
- YTD
- 69.15%
- 1Y
- 91.86%
- 3Y*
- 32.70%
- 5Y*
- 31.39%
- 10Y*
- 19.86%
- ALL TIME*
- 7.75%
BA
- 1D
- -2.15%
- 1M
- -4.57%
- 6M
- -7.52%
- YTD
- -0.45%
- 1Y
- -2.60%
- 3Y*
- -3.16%
- 5Y*
- -0.93%
- 10Y*
- 6.05%
- ALL TIME*
- 10.14%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
AIR AAR Corp. | $76.76M | $64.91M | $57.98M |
| $1.48B | $1.24B | $1.42B |
AIR vs. BA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AIR AAR Corp. | 69.15% | 35.10% | -1.79% | 38.98% | 15.04% | 7.76% | -19.25% | 21.74% | -4.31% | 19.89% |
BA The Boeing Company | -0.45% | 22.67% | -32.10% | 36.84% | -5.38% | -5.95% | -33.90% | 3.34% | 11.50% | 94.72% |
Correlation
The correlation between AIR and BA is 0.39, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.39 |
Correlation (3Y) Balances recent behavior with more history. | 0.35 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.44 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.46 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 1988 | 0.35 |
The correlation between AIR and BA shifts across timeframes, from 0.35 (all time) to 0.46 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
AIR:
$5.59B
BA:
$170.83B
AIR:
$4.99
BA:
$3.08
AIR:
28.07
BA:
70.14
AIR:
0.09
BA:
10.99
AIR:
2.21
BA:
1.82
AIR:
3.25
BA:
28.06
AIR:
$2.38B
BA:
$94.00B
AIR:
$622.00M
BA:
$4.40B
AIR:
$375.20M
BA:
$6.95B
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Return for Risk
AIR vs. BA — Risk / Return Rank
AIR
BA
AIR vs. BA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AAR Corp. (AIR) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| AIR | BA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.17 | ||
| Sortino ratioReturn per unit of downside risk | +2.53 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.01 | +0.32 |
| Calmar ratioReturn relative to maximum drawdown | 4.41 | -0.10 | +4.52 |
| Martin ratioReturn relative to average drawdown | 12.13 | -0.22 | +12.34 |
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Drawdowns
AIR vs. BA - Drawdown Comparison
The maximum AIR drawdown since its inception was -89.04%, roughly equal to the maximum BA drawdown of -89.45%. Use the drawdown chart below to compare losses from any high point for AIR and BA.
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Drawdown Indicators
| AIR | BA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -89.04% | -89.45% | +0.41% |
Max Drawdown (1Y)Largest decline over 1 year | -19.92% | -24.96% | +5.04% |
Max Drawdown (3Y)Largest decline over 3 years | -35.72% | -48.31% | +12.59% |
Max Drawdown (5Y)Largest decline over 5 years | -35.72% | -51.62% | +15.90% |
Max Drawdown (10Y)Largest decline over 10 years | -81.77% | -77.92% | -3.85% |
Current DrawdownCurrent decline from peak | -2.49% | -49.77% | +47.28% |
Average DrawdownAverage peak-to-trough decline | -34.57% | -31.06% | -3.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.24% | 11.94% | -4.70% |
Volatility
AIR vs. BA - Volatility Comparison
AAR Corp. (AIR) has a higher volatility of 16.65% compared to The Boeing Company (BA) at 10.83%. This indicates that AIR'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.
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Volatility by Period
| AIR | BA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.65% | 10.83% | +5.82% |
Volatility (6M)Calculated over the trailing 6-month period | 34.81% | 24.73% | +10.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 42.14% | 32.64% | +9.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.89% | 36.54% | -0.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 45.44% | 41.70% | +3.74% |
Dividends
AIR vs. BA - Dividend Comparison
Neither AIR nor BA has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AIR AAR Corp. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.41% | 0.67% | 0.80% | 0.76% | 0.91% | 1.14% |
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
AIR vs. BA - Financials Comparison
This section allows you to compare key financial metrics between AAR Corp. and The Boeing Company. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
Frequently Asked Questions
AIR and BA have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AIR has higher volatility (16.65%) compared to BA (10.83%). In terms of maximum drawdown, AIR dropped -89.04% vs BA's -89.45%.
AIR currently has the higher Sharpe Ratio (2.09 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.
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