SKYW vs. BA
SKYW (SkyWest, Inc.) and BA (The Boeing Company) are both stocks. Both are in the Industrials sector — SKYW in Airlines, BA in Aerospace & Defense. Over the past 10 years, SKYW returned 14.74%/yr vs 6.28%/yr for BA. At a 0.31 correlation, their price movements are largely independent.
Performance
SKYW vs. BA - Performance Comparison
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Returns By Period
In the year-to-date period, SKYW achieves a -8.63% return, which is significantly lower than BA's 0.89% return. Over the past 10 years, SKYW has outperformed BA with an annualized return of 14.74%, while BA has yielded a comparatively lower 6.28% annualized return.
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%
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 vs. BA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SKYW SkyWest, Inc. | -8.63% | 0.28% | 91.82% | 216.17% | -57.99% | -2.51% | -37.31% | 46.54% | -15.60% | 46.83% |
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 SKYW and BA 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 SKYW and BA shifts across timeframes, from 0.31 (all time) to 0.45 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
SKYW:
$3.73B
BA:
$179.22B
SKYW:
$10.42
BA:
$2.90
SKYW:
8.80
BA:
75.49
SKYW:
0.04
BA:
11.83
SKYW:
0.92
BA:
1.86
SKYW:
$4.12B
BA:
$92.18B
SKYW:
$1.73B
BA:
$4.43B
SKYW:
$970.77M
BA:
$7.13B
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Return for Risk
SKYW vs. BA — Risk / Return Rank
SKYW
BA
SKYW vs. BA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SkyWest, Inc. (SKYW) 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.
| SKYW | BA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.43 | ||
| Sortino ratioReturn per unit of downside risk | -0.61 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.07 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | -0.20 | 0.30 | -0.50 |
| Martin ratioReturn relative to average drawdown | -0.37 | 0.69 | -1.06 |
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Drawdowns
SKYW vs. BA - Drawdown Comparison
The maximum SKYW drawdown since its inception was -81.77%, smaller than the maximum BA drawdown of -89.45%. Use the drawdown chart below to compare losses from any high point for SKYW and BA.
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Drawdown Indicators
| SKYW | BA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.77% | -89.45% | +7.68% |
Max Drawdown (1Y)Largest decline over 1 year | -36.63% | -24.96% | -11.67% |
Max Drawdown (3Y)Largest decline over 3 years | -36.63% | -48.31% | +11.68% |
Max Drawdown (5Y)Largest decline over 5 years | -71.50% | -53.76% | -17.74% |
Max Drawdown (10Y)Largest decline over 10 years | -81.77% | -77.92% | -3.85% |
Current DrawdownCurrent decline from peak | -25.84% | -49.09% | +23.25% |
Average DrawdownAverage peak-to-trough decline | -35.43% | -31.02% | -4.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.82% | 10.95% | +8.87% |
Volatility
SKYW vs. BA - Volatility Comparison
SkyWest, Inc. (SKYW) has a higher volatility of 13.26% compared to The Boeing Company (BA) at 12.44%. This indicates that SKYW's price experiences larger fluctuations and is considered to be riskier 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
| SKYW | BA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.26% | 12.44% | +0.82% |
Volatility (6M)Calculated over the trailing 6-month period | 28.02% | 23.39% | +4.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 37.10% | 32.33% | +4.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 43.64% | 36.58% | +7.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 51.48% | 41.61% | +9.87% |
Dividends
SKYW vs. BA - Dividend Comparison
Neither SKYW nor BA 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
SKYW vs. BA - Financials Comparison
This section allows you to compare key financial metrics between SkyWest, 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
SKYW vs. BA - Profitability Comparison
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 - 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 - 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 - 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 - 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%.
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
SKYW and BA 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.
SKYW has higher volatility (13.26%) compared to BA (12.44%). In terms of maximum drawdown, SKYW dropped -81.77% vs BA's -89.45%.
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.
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