SNOW vs. BA
SNOW (Snowflake Inc.) and BA (The Boeing Company) are both stocks. SNOW operates in Software - Application (Technology), while BA operates in Aerospace & Defense (Industrials). Over the past 5 years, SNOW returned -0.66%/yr vs -2.40%/yr for BA. At a 0.28 correlation, their price movements are largely independent.
Performance
SNOW vs. BA - Performance Comparison
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Returns By Period
In the year-to-date period, SNOW achieves a 6.12% return, which is significantly higher than BA's 0.89% return.
SNOW
- 1D
- -3.17%
- 1M
- 54.40%
- YTD
- 6.12%
- 6M
- 6.81%
- 1Y
- 11.82%
- 3Y*
- 10.31%
- 5Y*
- -0.66%
- 10Y*
- —
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%
SNOW vs. BA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SNOW Snowflake Inc. | 6.12% | 42.06% | -22.41% | 38.64% | -57.63% | 20.38% | 14.86% |
BA The Boeing Company | 0.89% | 22.67% | -32.10% | 36.84% | -5.38% | -5.95% | 30.93% |
Correlation
The correlation between SNOW and BA is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since Sep 16, 2020 | 0.28 |
The correlation between SNOW and BA shifts across timeframes, from 0.19 (1 year) to 0.29 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
SNOW:
$80.40B
BA:
$179.22B
SNOW:
-$3.53
BA:
$2.90
SNOW:
15.70
BA:
1.86
SNOW:
39.02
BA:
29.97
SNOW:
$5.03B
BA:
$92.18B
SNOW:
$3.38B
BA:
$4.43B
SNOW:
-$1.21B
BA:
$7.13B
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Return for Risk
SNOW vs. BA — Risk / Return Rank
SNOW
BA
SNOW vs. BA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Snowflake Inc. (SNOW) 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.
| SNOW | BA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.08 | ||
| Sortino ratioReturn per unit of downside risk | +0.20 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.07 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 0.18 | 0.30 | -0.12 |
| Martin ratioReturn relative to average drawdown | 0.39 | 0.69 | -0.29 |
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Drawdowns
SNOW vs. BA - Drawdown Comparison
The maximum SNOW drawdown since its inception was -72.99%, smaller than the maximum BA drawdown of -89.45%. Use the drawdown chart below to compare losses from any high point for SNOW and BA.
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Drawdown Indicators
| SNOW | BA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.99% | -89.45% | +16.46% |
Max Drawdown (1Y)Largest decline over 1 year | -56.30% | -24.96% | -31.34% |
Max Drawdown (3Y)Largest decline over 3 years | -56.30% | -48.31% | -7.99% |
Max Drawdown (5Y)Largest decline over 5 years | -72.99% | -53.76% | -19.23% |
Max Drawdown (10Y)Largest decline over 10 years | — | -77.92% | — |
Current DrawdownCurrent decline from peak | -42.08% | -49.09% | +7.01% |
Average DrawdownAverage peak-to-trough decline | -49.02% | -31.02% | -18.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 25.93% | 10.95% | +14.98% |
Volatility
SNOW vs. BA - Volatility Comparison
Snowflake Inc. (SNOW) has a higher volatility of 35.77% compared to The Boeing Company (BA) at 12.44%. This indicates that SNOW'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
| SNOW | BA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 35.77% | 12.44% | +23.33% |
Volatility (6M)Calculated over the trailing 6-month period | 52.64% | 23.39% | +29.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 65.34% | 32.33% | +33.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 61.88% | 36.58% | +25.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 62.68% | 41.61% | +21.07% |
Dividends
SNOW vs. BA - Dividend Comparison
Neither SNOW 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% |
SNOW Snowflake Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
SNOW vs. BA - Financials Comparison
This section allows you to compare key financial metrics between Snowflake 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
SNOW vs. BA - Profitability Comparison
SNOW - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Snowflake Inc. reported a gross profit of 926.45M and revenue of 1.39B. Therefore, the gross margin over that period was 66.6%.
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%.
SNOW - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Snowflake Inc. reported an operating income of -326.15M and revenue of 1.39B, resulting in an operating margin of -23.5%.
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%.
SNOW - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Snowflake Inc. reported a net income of -295.57M and revenue of 1.39B, resulting in a net margin of -21.3%.
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
SNOW and BA have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SNOW has higher volatility (35.77%) compared to BA (12.44%). In terms of maximum drawdown, SNOW dropped -72.99% vs BA's -89.45%.
BA currently has the higher Sharpe Ratio (0.24 vs 0.16), 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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