BA vs. CCJ

Last updated Jun 13, 2026

BA (The Boeing Company) and CCJ (Cameco Corporation) are both stocks. BA operates in Aerospace & Defense (Industrials), while CCJ operates in Uranium (Energy). Over the past 10 years, BA returned 6.28%/yr vs 25.74%/yr for CCJ. At a 0.27 correlation, their price movements are largely independent.

Performance

BA vs. CCJ - Performance Comparison

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

Returns By Period

In the year-to-date period, BA achieves a 0.89% return, which is significantly lower than CCJ's 10.35% return. Over the past 10 years, BA has underperformed CCJ with an annualized return of 6.28%, while CCJ has yielded a comparatively higher 25.74% annualized return.

BA

• 1D: -1.16%
• 1M: -0.65%
• YTD: 0.89%
• 6M: 7.18%
• 1Y: 9.35%
• 3Y*: -0.20%
• 5Y*: -2.40%
• 10Y*: 6.28%

CCJ

• 1D: 2.01%
• 1M: -6.09%
• YTD: 10.35%
• 6M: 10.35%
• 1Y: 51.75%
• 3Y*: 47.60%
• 5Y*: 36.72%
• 10Y*: 25.74%

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

BA vs. CCJ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BA The Boeing Company	0.89%	22.67%	-32.10%	36.84%	-5.38%	-5.95%	-33.90%	3.34%	11.50%	94.72%
CCJ Cameco Corporation	10.35%	78.38%	19.47%	90.49%	4.35%	63.19%	51.47%	-21.08%	23.58%	-8.20%

Correlation

The correlation between BA and CCJ 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	0.22
Correlation (5Y) Calculated over the trailing 5-year period	0.32
Correlation (10Y) Calculated over the trailing 10-year period	0.30
Correlation (All Time) Calculated using the full available price history since Mar 14, 1996	0.27

Fundamentals

Market Cap BA : $179.22B CCJ : $43.98B
EPS BA : $2.90 CCJ : CA$1.49
PE Ratio BA : 75.49 CCJ : 94.45
PEG Ratio BA : 11.83 CCJ : 0.79
PS Ratio BA : 1.86 CCJ : 17.37
PB Ratio BA : 29.97 CCJ : 8.68
Total Revenue (TTM) BA : $92.18B CCJ : CA$3.54B
Gross Profit (TTM) BA : $4.43B CCJ : CA$1.04B
EBITDA (TTM) BA : $7.13B CCJ : CA$996.66M

Return for Risk

BA vs. CCJ — Risk / Return Rank

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

BA

BA Risk / Return Rank: 48
BA Sharpe Ratio Rank: 51
BA Sortino Ratio Rank: 46
BA Omega Ratio Rank: 45
BA Calmar Ratio Rank: 50
BA Martin Ratio Rank: 50

CCJ

CCJ Risk / Return Rank: 72
CCJ Sharpe Ratio Rank: 73
CCJ Sortino Ratio Rank: 71
CCJ Omega Ratio Rank: 69
CCJ Calmar Ratio Rank: 75
CCJ Martin Ratio Rank: 75

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.

BA vs. CCJ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for The Boeing Company (BA) and Cameco Corporation (CCJ). 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.

	BA	CCJ	Difference
Sharpe ratio: Return per unit of total volatility	0.24	0.96	-0.73
Sortino ratio: Return per unit of downside risk	0.58	1.68	-1.09
Omega ratio: Gain probability vs. loss probability	1.07	1.20	-0.13
Calmar ratio: Return relative to maximum drawdown	0.30	1.83	-1.52
Martin ratio: Return relative to average drawdown	0.69	4.43	-3.74

BA vs. CCJ - Sharpe Ratio Comparison

The current BA Sharpe Ratio is 0.24, which is lower than the CCJ Sharpe Ratio of 0.96. The chart below compares the historical Sharpe Ratios of BA and CCJ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BA vs. CCJ - Drawdown Comparison

The maximum BA drawdown since its inception was -89.45%, roughly equal to the maximum CCJ drawdown of -87.53%. Use the drawdown chart below to compare losses from any high point for BA and CCJ.

Drawdown Indicators

	BA	CCJ	Difference
Max Drawdown Largest peak-to-trough decline	-89.45%	-87.53%	-1.92%
Max Drawdown (1Y) Largest decline over 1 year	-24.96%	-29.13%	+4.17%
Max Drawdown (3Y) Largest decline over 3 years	-48.31%	-40.01%	-8.30%
Max Drawdown (5Y) Largest decline over 5 years	-53.76%	-40.01%	-13.75%
Max Drawdown (10Y) Largest decline over 10 years	-77.92%	-57.22%	-20.70%
Current Drawdown Current decline from peak	-49.09%	-24.71%	-24.38%
Average Drawdown Average peak-to-trough decline	-31.02%	-46.07%	+15.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.95%	11.99%	-1.04%

Volatility

BA vs. CCJ - Volatility Comparison

The current volatility for The Boeing Company (BA) is 12.44%, while Cameco Corporation (CCJ) has a volatility of 17.90%. This indicates that BA experiences smaller price fluctuations and is considered to be less risky than CCJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BA	CCJ	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.44%	17.90%	-5.46%
Volatility (6M) Calculated over the trailing 6-month period	23.39%	39.91%	-16.52%
Volatility (1Y) Calculated over the trailing 1-year period	32.33%	55.17%	-22.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	36.58%	50.01%	-13.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	41.61%	46.75%	-5.14%

Dividends

BA vs. CCJ - Dividend Comparison

BA has not paid dividends to shareholders, while CCJ's dividend yield for the trailing twelve months is around 0.17%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
CCJ Cameco Corporation	0.17%	0.19%	0.22%	0.20%	0.39%	0.29%	0.46%	0.67%	0.53%	4.33%	3.82%	3.24%

Financials

BA vs. CCJ - Profitability Comparison

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

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%.

CCJ - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Cameco Corporation reported a gross profit of 291.00M and revenue of 847.55M. Therefore, the gross margin over that period was 34.3%.

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%.

CCJ - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Cameco Corporation reported an operating income of 154.28M and revenue of 847.55M, resulting in an operating margin of 18.2%.

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%.

CCJ - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Cameco Corporation reported a net income of 131.09M and revenue of 847.55M, resulting in a net margin of 15.5%.

Frequently Asked Questions

Can I hold both BA and CCJ in my portfolio?

BA and CCJ 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, BA or CCJ?

CCJ has higher volatility (17.90%) compared to BA (12.44%). In terms of maximum drawdown, BA dropped -89.45% vs CCJ's -87.53%.

Which has better risk-adjusted returns?

CCJ currently has the higher Sharpe Ratio (0.96 vs 0.24), 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.