BA vs. SKYW

Last updated Jun 13, 2026

BA (The Boeing Company) and SKYW (SkyWest, Inc.) are both stocks. Both are in the Industrials sector — BA in Aerospace & Defense, SKYW in Airlines. Over the past 10 years, BA returned 6.28%/yr vs 14.74%/yr for SKYW. At a 0.31 correlation, their price movements are largely independent.

Performance

BA vs. SKYW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in The Boeing Company (BA) and SkyWest, Inc. (SKYW). 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 SKYW's -8.63% return. Over the past 10 years, BA has underperformed SKYW with an annualized return of 6.28%, while SKYW has yielded a comparatively higher 14.74% 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%

SKYW

• 1D: 2.27%
• 1M: 12.92%
• YTD: -8.63%
• 6M: -13.32%
• 1Y: -4.24%
• 3Y*: 34.96%
• 5Y*: 13.58%
• 10Y*: 14.74%

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

BA vs. SKYW - 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%
SKYW SkyWest, Inc.	-8.63%	0.28%	91.82%	216.17%	-57.99%	-2.51%	-37.31%	46.54%	-15.60%	46.83%

Correlation

The correlation between BA and SKYW is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.40
Correlation (3Y) Calculated over the trailing 3-year period	0.31
Correlation (5Y) Calculated over the trailing 5-year period	0.45
Correlation (10Y) Calculated over the trailing 10-year period	0.43
Correlation (All Time) Calculated using the full available price history since Mar 26, 1990	0.31

The correlation between BA and SKYW shifts across timeframes, from 0.31 (all time) to 0.45 (5 years), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap BA : $179.22B SKYW : $3.73B
EPS BA : $2.90 SKYW : $10.42
PE Ratio BA : 75.49 SKYW : 8.80
PEG Ratio BA : 11.83 SKYW : 0.04
PS Ratio BA : 1.86 SKYW : 0.92
Total Revenue (TTM) BA : $92.18B SKYW : $4.12B
Gross Profit (TTM) BA : $4.43B SKYW : $1.73B
EBITDA (TTM) BA : $7.13B SKYW : $970.77M

Return for Risk

BA vs. SKYW — 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

SKYW

SKYW Risk / Return Rank: 34
SKYW Sharpe Ratio Rank: 35
SKYW Sortino Ratio Rank: 31
SKYW Omega Ratio Rank: 31
SKYW Calmar Ratio Rank: 37
SKYW Martin Ratio Rank: 37

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. SKYW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for The Boeing Company (BA) and SkyWest, Inc. (SKYW). 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	SKYW	Difference
Sharpe ratio: Return per unit of total volatility	0.24	-0.20	+0.43
Sortino ratio: Return per unit of downside risk	0.58	-0.03	+0.61
Omega ratio: Gain probability vs. loss probability	1.07	1.00	+0.07
Calmar ratio: Return relative to maximum drawdown	0.30	-0.20	+0.50
Martin ratio: Return relative to average drawdown	0.69	-0.37	+1.06

BA vs. SKYW - Sharpe Ratio Comparison

The current BA Sharpe Ratio is 0.24, which is higher than the SKYW Sharpe Ratio of -0.20. The chart below compares the historical Sharpe Ratios of BA and SKYW, 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. SKYW - Drawdown Comparison

The maximum BA drawdown since its inception was -89.45%, which is greater than SKYW's maximum drawdown of -81.77%. Use the drawdown chart below to compare losses from any high point for BA and SKYW.

Drawdown Indicators

	BA	SKYW	Difference
Max Drawdown Largest peak-to-trough decline	-89.45%	-81.77%	-7.68%
Max Drawdown (1Y) Largest decline over 1 year	-24.96%	-36.63%	+11.67%
Max Drawdown (3Y) Largest decline over 3 years	-48.31%	-36.63%	-11.68%
Max Drawdown (5Y) Largest decline over 5 years	-53.76%	-71.50%	+17.74%
Max Drawdown (10Y) Largest decline over 10 years	-77.92%	-81.77%	+3.85%
Current Drawdown Current decline from peak	-49.09%	-25.84%	-23.25%
Average Drawdown Average peak-to-trough decline	-31.02%	-35.43%	+4.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.95%	19.82%	-8.87%

Volatility

BA vs. SKYW - Volatility Comparison

The current volatility for The Boeing Company (BA) is 12.44%, while SkyWest, Inc. (SKYW) has a volatility of 13.26%. This indicates that BA experiences smaller price fluctuations and is considered to be less risky than SKYW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BA	SKYW	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.44%	13.26%	-0.82%
Volatility (6M) Calculated over the trailing 6-month period	23.39%	28.02%	-4.63%
Volatility (1Y) Calculated over the trailing 1-year period	32.33%	37.10%	-4.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	36.58%	43.64%	-7.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	41.61%	51.48%	-9.87%

Dividends

BA vs. SKYW - Dividend Comparison

Neither BA nor SKYW has paid dividends to shareholders.

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%
SKYW SkyWest, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.35%	0.74%	0.90%	0.60%	0.52%	0.84%

Financials

BA vs. SKYW - Profitability Comparison

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

SKYW - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, SkyWest, Inc. reported a gross profit of 591.07M and revenue of 1.01B. Therefore, the gross margin over that period was 58.3%.

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%.

SKYW - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, SkyWest, Inc. reported an operating income of 123.69M and revenue of 1.01B, resulting in an operating margin of 12.2%.

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%.

SKYW - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, SkyWest, Inc. reported a net income of 101.69M and revenue of 1.01B, resulting in a net margin of 10.0%.

Frequently Asked Questions

Can I hold both BA and SKYW in my portfolio?

BA and SKYW have a correlation of 0.40, 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 SKYW?

SKYW has higher volatility (13.26%) compared to BA (12.44%). In terms of maximum drawdown, BA dropped -89.45% vs SKYW's -81.77%.

Which has better risk-adjusted returns?

BA currently has the higher Sharpe Ratio (0.24 vs -0.20), 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.