BA vs. NKE

Last updated Jun 13, 2026

BA (The Boeing Company) and NKE (NIKE, Inc.) are both stocks. BA operates in Aerospace & Defense (Industrials), while NKE operates in Footwear & Accessories (Consumer Cyclical). Over the past 10 years, BA returned 6.28%/yr vs -0.48%/yr for NKE. At a 0.28 correlation, their price movements are largely independent.

Performance

BA vs. NKE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in The Boeing Company (BA) and NIKE, Inc. (NKE). 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 higher than NKE's -28.37% return. Over the past 10 years, BA has outperformed NKE with an annualized return of 6.28%, while NKE has yielded a comparatively lower -0.48% annualized return.

BA

• 1D: -1.16%
• 1M: -8.96%
• YTD: 0.89%
• 6M: 7.18%
• 1Y: 7.51%
• 3Y*: -0.20%
• 5Y*: -2.40%
• 10Y*: 6.28%

NKE

• 1D: -2.24%
• 1M: 7.07%
• YTD: -28.37%
• 6M: -32.37%
• 1Y: -26.49%
• 3Y*: -23.49%
• 5Y*: -18.04%
• 10Y*: -0.48%

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

BA vs. NKE - 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%
NKE NIKE, Inc.	-28.37%	-13.83%	-29.11%	-6.01%	-29.04%	18.70%	40.97%	38.09%	19.87%	24.70%

Correlation

The correlation between BA and NKE is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.28
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	0.32
Correlation (All Time) Calculated using the full available price history since Dec 2, 1980	0.28

Fundamentals

Market Cap BA : $179.22B NKE : $66.51B
EPS BA : $2.90 NKE : $1.52
PE Ratio BA : 75.49 NKE : 29.55
PS Ratio BA : 1.86 NKE : 1.43
PB Ratio BA : 29.97 NKE : 4.72
Total Revenue (TTM) BA : $92.18B NKE : $46.52B
Gross Profit (TTM) BA : $4.43B NKE : $18.99B
EBITDA (TTM) BA : $7.13B NKE : $3.33B

Return for Risk

BA vs. NKE — 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

NKE

NKE Risk / Return Rank: 17
NKE Sharpe Ratio Rank: 13
NKE Sortino Ratio Rank: 15
NKE Omega Ratio Rank: 15
NKE Calmar Ratio Rank: 22
NKE Martin Ratio Rank: 20

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. NKE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for The Boeing Company (BA) and NIKE, Inc. (NKE). 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	NKE	Difference
Sharpe ratio: Return per unit of total volatility	0.24	-0.69	+0.93
Sortino ratio: Return per unit of downside risk	0.58	-0.84	+1.42
Omega ratio: Gain probability vs. loss probability	1.07	0.89	+0.18
Calmar ratio: Return relative to maximum drawdown	0.30	-0.58	+0.88
Martin ratio: Return relative to average drawdown	0.69	-1.09	+1.78

BA vs. NKE - Sharpe Ratio Comparison

The current BA Sharpe Ratio is 0.24, which is higher than the NKE Sharpe Ratio of -0.69. The chart below compares the historical Sharpe Ratios of BA and NKE, 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. NKE - Drawdown Comparison

The maximum BA drawdown since its inception was -89.45%, which is greater than NKE's maximum drawdown of -75.19%. Use the drawdown chart below to compare losses from any high point for BA and NKE.

Drawdown Indicators

	BA	NKE	Difference
Max Drawdown Largest peak-to-trough decline	-89.45%	-75.19%	-14.26%
Max Drawdown (1Y) Largest decline over 1 year	-24.96%	-46.18%	+21.22%
Max Drawdown (3Y) Largest decline over 3 years	-48.31%	-64.21%	+15.90%
Max Drawdown (5Y) Largest decline over 5 years	-53.76%	-74.64%	+20.88%
Max Drawdown (10Y) Largest decline over 10 years	-77.92%	-74.64%	-3.28%
Current Drawdown Current decline from peak	-49.09%	-72.55%	+23.46%
Average Drawdown Average peak-to-trough decline	-31.02%	-20.93%	-10.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.95%	24.38%	-13.43%

Volatility

BA vs. NKE - Volatility Comparison

The Boeing Company (BA) has a higher volatility of 12.44% compared to NIKE, Inc. (NKE) at 10.43%. This indicates that BA's price experiences larger fluctuations and is considered to be riskier than NKE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BA	NKE	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.44%	10.43%	+2.01%
Volatility (6M) Calculated over the trailing 6-month period	23.39%	29.43%	-6.04%
Volatility (1Y) Calculated over the trailing 1-year period	32.33%	38.48%	-6.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	36.58%	35.91%	+0.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	41.61%	32.29%	+9.32%

Dividends

BA vs. NKE - Dividend Comparison

BA has not paid dividends to shareholders, while NKE's dividend yield for the trailing twelve months is around 3.63%.

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%
NKE NIKE, Inc.	3.63%	2.53%	2.00%	1.28%	1.07%	0.68%	0.71%	0.89%	1.11%	1.18%	1.30%	0.93%

Financials

BA vs. NKE - Profitability Comparison

The chart below illustrates the profitability comparison between The Boeing Company and NIKE, Inc. 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%.

NKE - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, NIKE, Inc. reported a gross profit of 4.53B and revenue of 11.28B. Therefore, the gross margin over that period was 40.2%.

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%.

NKE - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, NIKE, Inc. reported an operating income of 553.00M and revenue of 11.28B, resulting in an operating margin of 4.9%.

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%.

NKE - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, NIKE, Inc. reported a net income of 520.00M and revenue of 11.28B, resulting in a net margin of 4.6%.

Frequently Asked Questions

Can I hold both BA and NKE in my portfolio?

BA and NKE have a correlation of 0.28, 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 NKE?

BA has higher volatility (12.44%) compared to NKE (10.43%). In terms of maximum drawdown, BA dropped -89.45% vs NKE's -75.19%.

Which has better risk-adjusted returns?

BA currently has the higher Sharpe Ratio (0.24 vs -0.69), 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.