NKE vs. BA
NKE (NIKE, Inc.) and BA (The Boeing Company) are both stocks. NKE operates in Footwear & Accessories (Consumer Cyclical), while BA operates in Aerospace & Defense (Industrials). Over the past 10 years, NKE returned -0.48%/yr vs 6.28%/yr for BA. At a 0.28 correlation, their price movements are largely independent.
Performance
NKE vs. BA - Performance Comparison
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Returns By Period
In the year-to-date period, NKE achieves a -28.37% return, which is significantly lower than BA's 0.89% return. Over the past 10 years, NKE has underperformed BA with an annualized return of -0.48%, while BA has yielded a comparatively higher 6.28% annualized return.
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%
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 vs. BA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NKE NIKE, Inc. | -28.37% | -13.83% | -29.11% | -6.01% | -29.04% | 18.70% | 40.97% | 38.09% | 19.87% | 24.70% |
BA The Boeing Company | 0.89% | 22.67% | -32.10% | 36.84% | -5.38% | -5.95% | -33.90% | 3.34% | 11.50% | 94.72% |
Correlation
The correlation between NKE and BA 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
NKE:
$66.51B
BA:
$179.22B
NKE:
$1.52
BA:
$2.90
NKE:
29.55
BA:
75.49
NKE:
1.43
BA:
1.86
NKE:
4.72
BA:
29.97
NKE:
$46.52B
BA:
$92.18B
NKE:
$18.99B
BA:
$4.43B
NKE:
$3.33B
BA:
$7.13B
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Return for Risk
NKE vs. BA — Risk / Return Rank
NKE
BA
NKE vs. BA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for NIKE, Inc. (NKE) 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.
| NKE | BA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.93 | ||
| Sortino ratioReturn per unit of downside risk | -1.42 | ||
| Omega ratioGain probability vs. loss probability | 0.89 | 1.07 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | -0.58 | 0.30 | -0.88 |
| Martin ratioReturn relative to average drawdown | -1.09 | 0.69 | -1.78 |
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Drawdowns
NKE vs. BA - Drawdown Comparison
The maximum NKE drawdown since its inception was -75.19%, smaller than the maximum BA drawdown of -89.45%. Use the drawdown chart below to compare losses from any high point for NKE and BA.
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Drawdown Indicators
| NKE | BA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -75.19% | -89.45% | +14.26% |
Max Drawdown (1Y)Largest decline over 1 year | -46.18% | -24.96% | -21.22% |
Max Drawdown (3Y)Largest decline over 3 years | -64.21% | -48.31% | -15.90% |
Max Drawdown (5Y)Largest decline over 5 years | -74.64% | -53.76% | -20.88% |
Max Drawdown (10Y)Largest decline over 10 years | -74.64% | -77.92% | +3.28% |
Current DrawdownCurrent decline from peak | -72.55% | -49.09% | -23.46% |
Average DrawdownAverage peak-to-trough decline | -20.93% | -31.02% | +10.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 24.38% | 10.95% | +13.43% |
Volatility
NKE vs. BA - Volatility Comparison
The current volatility for NIKE, Inc. (NKE) is 10.43%, while The Boeing Company (BA) has a volatility of 12.44%. This indicates that NKE experiences smaller price fluctuations and is considered to be less risky 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
| NKE | BA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.43% | 12.44% | -2.01% |
Volatility (6M)Calculated over the trailing 6-month period | 29.43% | 23.39% | +6.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 38.48% | 32.33% | +6.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.91% | 36.58% | -0.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.29% | 41.61% | -9.32% |
Dividends
NKE vs. BA - Dividend Comparison
NKE's dividend yield for the trailing twelve months is around 3.63%, while BA has not 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% |
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
NKE vs. BA - Financials Comparison
This section allows you to compare key financial metrics between NIKE, Inc. 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
NKE vs. BA - Profitability Comparison
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 - 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 - 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 - 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 - 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%.
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%.
Frequently Asked Questions
NKE and BA 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.
BA has higher volatility (12.44%) compared to NKE (10.43%). In terms of maximum drawdown, NKE dropped -75.19% vs BA's -89.45%.
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.
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