BA vs. MDT
BA (The Boeing Company) and MDT (Medtronic plc) are both stocks. BA operates in Aerospace & Defense (Industrials), while MDT operates in Medical Devices (Healthcare). Over the past 10 years, BA returned 5.57%/yr vs 2.24%/yr for MDT. At a 0.27 correlation, their price movements are largely independent.
Performance
BA vs. MDT - Performance Comparison
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Returns By Period
In the year-to-date period, BA achieves a -3.52% return, which is significantly higher than MDT's -11.80% return. Over the past 10 years, BA has outperformed MDT with an annualized return of 5.57%, while MDT has yielded a comparatively lower 2.24% annualized return.
BA
- 1D
- -2.13%
- 1M
- -5.94%
- 6M
- -15.42%
- YTD
- -3.52%
- 1Y
- -8.66%
- 3Y*
- -0.37%
- 5Y*
- -1.20%
- 10Y*
- 5.57%
- ALL TIME*
- 10.09%
MDT
- 1D
- 0.11%
- 1M
- 5.93%
- 6M
- -12.44%
- YTD
- -11.80%
- 1Y
- -4.03%
- 3Y*
- 1.10%
- 5Y*
- -5.17%
- 10Y*
- 2.24%
- ALL TIME*
- 13.23%
BA vs. MDT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BA The Boeing Company | -3.52% | 22.67% | -32.10% | 36.84% | -5.38% | -5.95% | -33.90% | 3.34% | 11.50% | 94.72% |
MDT Medtronic plc | -11.80% | 24.05% | 0.28% | 9.58% | -22.55% | -9.79% | 5.70% | 27.34% | 15.18% | 15.90% |
Correlation
The correlation between BA and MDT is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.23 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Dec 31, 1981 | 0.27 |
The correlation between BA and MDT shifts across timeframes, from 0.12 (1 year) to 0.27 (all time), reflecting how their relationship changes across market environments.
Fundamentals
BA:
$165.13B
MDT:
$106.62B
BA:
$2.87
MDT:
$3.73
BA:
72.97
MDT:
22.34
BA:
11.43
MDT:
11.61
BA:
1.80
MDT:
2.95
BA:
28.66
MDT:
2.17
BA:
$92.18B
MDT:
$36.36B
BA:
$4.43B
MDT:
$23.64B
BA:
$7.13B
MDT:
$9.72B
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Return for Risk
BA vs. MDT — Risk / Return Rank
BA
MDT
BA vs. MDT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for The Boeing Company (BA) and Medtronic plc (MDT). 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 | MDT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.10 | ||
| Sortino ratioReturn per unit of downside risk | -0.09 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 0.99 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | -0.35 | -0.14 | -0.21 |
| Martin ratioReturn relative to average drawdown | -0.75 | -0.30 | -0.44 |
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Drawdowns
BA vs. MDT - Drawdown Comparison
The maximum BA drawdown since its inception was -89.45%, which is greater than MDT's maximum drawdown of -57.63%. Use the drawdown chart below to compare losses from any high point for BA and MDT.
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Drawdown Indicators
| BA | MDT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -89.45% | -57.63% | -31.82% |
Max Drawdown (1Y)Largest decline over 1 year | -24.96% | -28.90% | +3.94% |
Max Drawdown (3Y)Largest decline over 3 years | -48.31% | -28.90% | -19.41% |
Max Drawdown (5Y)Largest decline over 5 years | -51.62% | -45.10% | -6.52% |
Max Drawdown (10Y)Largest decline over 10 years | -77.92% | -45.10% | -32.82% |
Current DrawdownCurrent decline from peak | -51.32% | -27.93% | -23.39% |
Average DrawdownAverage peak-to-trough decline | -31.05% | -16.57% | -14.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.62% | 13.24% | -1.62% |
Volatility
BA vs. MDT - Volatility Comparison
The current volatility for The Boeing Company (BA) is 8.19%, while Medtronic plc (MDT) has a volatility of 10.04%. This indicates that BA experiences smaller price fluctuations and is considered to be less risky than MDT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BA | MDT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.19% | 10.04% | -1.85% |
Volatility (6M)Calculated over the trailing 6-month period | 23.84% | 18.91% | +4.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.24% | 23.34% | +8.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.49% | 22.34% | +14.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 41.65% | 23.45% | +18.20% |
Dividends
BA vs. MDT - Dividend Comparison
BA has not paid dividends to shareholders, while MDT's dividend yield for the trailing twelve months is around 3.42%.
| 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% |
MDT Medtronic plc | 3.42% | 2.95% | 3.49% | 3.34% | 3.44% | 2.39% | 1.95% | 1.87% | 2.15% | 2.24% | 2.34% | 1.88% |
Financials
BA vs. MDT - Financials Comparison
This section allows you to compare key financial metrics between The Boeing Company and Medtronic plc. 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
BA vs. MDT - Profitability Comparison
BA - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 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%.
MDT - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Medtronic plc reported a gross profit of 7.44B and revenue of 9.81B. Therefore, the gross margin over that period was 75.9%.
BA - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, The Boeing Company reported an operating income of 448.00M and revenue of 22.22B, resulting in an operating margin of 2.0%.
MDT - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Medtronic plc reported an operating income of 1.56B and revenue of 9.81B, resulting in an operating margin of 16.0%.
BA - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, The Boeing Company reported a net income of -4.00M and revenue of 22.22B, resulting in a net margin of -0.0%.
MDT - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Medtronic plc reported a net income of 1.24B and revenue of 9.81B, resulting in a net margin of 12.7%.
Frequently Asked Questions
BA and MDT have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MDT has higher volatility (10.04%) compared to BA (8.19%). In terms of maximum drawdown, BA dropped -89.45% vs MDT's -57.63%.
MDT currently has the higher Sharpe Ratio (-0.17 vs -0.27), 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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