TRTX vs. BA

Last updated Jun 4, 2026

TRTX (TPG RE Finance Trust, Inc.) and BA (The Boeing Company) are both stocks. TRTX operates in REIT - Mortgage (Real Estate), while BA operates in Aerospace & Defense (Industrials). Over the past 5 years, TRTX returned 1.89%/yr vs -3.37%/yr for BA. At a 0.33 correlation, their price movements are largely independent.

Performance

TRTX vs. BA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in TPG RE Finance Trust, Inc. (TRTX) and The Boeing Company (BA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TRTX achieves a 0.32% return, which is significantly higher than BA's -3.01% return.

TRTX

• 1D: -1.41%
• 1M: 0.24%
• YTD: 0.32%
• 6M: -3.05%
• 1Y: 22.24%
• 3Y*: 20.82%
• 5Y*: 1.89%
• 10Y*: —

BA

• 1D: -3.27%
• 1M: -4.84%
• YTD: -3.01%
• 6M: 3.97%
• 1Y: -1.34%
• 3Y*: -0.43%
• 5Y*: -3.37%
• 10Y*: 6.12%

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

TRTX vs. BA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TRTX TPG RE Finance Trust, Inc.	0.32%	13.50%	46.93%	9.71%	-38.40%	25.11%	-31.46%	20.90%	4.67%	0.91%
BA The Boeing Company	-3.01%	22.67%	-32.10%	36.84%	-5.38%	-5.95%	-33.90%	3.34%	11.50%	41.84%

Correlation

The correlation between TRTX and BA is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.25
Correlation (3Y) Calculated over the trailing 3-year period	0.21
Correlation (5Y) Calculated over the trailing 5-year period	0.31
Correlation (All Time) Calculated using the full available price history since Jul 21, 2017	0.33

The correlation between TRTX and BA shifts across timeframes, from 0.21 (3 years) to 0.33 (all time), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap TRTX : $662.55M BA : $172.29B
EPS TRTX : $0.78 BA : $2.90
PE Ratio TRTX : 10.80 BA : 72.57
PS Ratio TRTX : 2.51 BA : 1.79
PB Ratio TRTX : 0.62 BA : 28.81
Total Revenue (TTM) TRTX : $264.49M BA : $92.18B
Gross Profit (TTM) TRTX : $207.51M BA : $4.43B
EBITDA (TTM) TRTX : $195.60M BA : $7.13B

Return for Risk

TRTX vs. BA — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TRTX

TRTX Risk / Return Rank: 68
TRTX Sharpe Ratio Rank: 73
TRTX Sortino Ratio Rank: 67
TRTX Omega Ratio Rank: 64
TRTX Calmar Ratio Rank: 67
TRTX Martin Ratio Rank: 68

BA

BA Risk / Return Rank: 36
BA Sharpe Ratio Rank: 39
BA Sortino Ratio Rank: 33
BA Omega Ratio Rank: 33
BA Calmar Ratio Rank: 38
BA Martin Ratio Rank: 38

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.

TRTX vs. BA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TPG RE Finance Trust, Inc. (TRTX) 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.

	TRTX	BA	Difference
Sharpe ratio Return per unit of total volatility	1.10	-0.04	+1.14
Sortino ratio Return per unit of downside risk	1.62	0.17	+1.45
Omega ratio Gain probability vs. loss probability	1.19	1.02	+0.17
Calmar ratio Return relative to maximum drawdown	1.41	-0.05	+1.46
Martin ratio Return relative to average drawdown	3.34	-0.12	+3.47
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TRTX vs. BA - Sharpe Ratio Comparison

The current TRTX Sharpe Ratio is 1.10, which is higher than the BA Sharpe Ratio of -0.04. The chart below compares the historical Sharpe Ratios of TRTX and BA, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	TRTX	BA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.10	-0.04	+1.14
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.05	-0.09	+0.15
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.15	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.04	0.30	-0.26

Drawdowns

TRTX vs. BA - Drawdown Comparison

The maximum TRTX drawdown since its inception was -86.18%, roughly equal to the maximum BA drawdown of -89.45%. Use the drawdown chart below to compare losses from any high point for TRTX and BA.

Drawdown Indicators

	TRTX	BA	Difference
Max Drawdown Largest peak-to-trough decline	-86.18%	-89.45%	+3.27%
Max Drawdown (1Y) Largest decline over 1 year	-15.90%	-24.96%	+9.06%
Max Drawdown (3Y) Largest decline over 3 years	-30.01%	-48.31%	+18.30%
Max Drawdown (5Y) Largest decline over 5 years	-54.39%	-54.16%	-0.23%
Max Drawdown (10Y) Largest decline over 10 years	—	-77.92%	—
Current Drawdown Current decline from peak	-7.23%	-51.06%	+43.83%
Average Drawdown Average peak-to-trough decline	-21.01%	-31.01%	+10.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.67%	10.80%	-4.13%

Volatility

TRTX vs. BA - Volatility Comparison

The current volatility for TPG RE Finance Trust, Inc. (TRTX) is 5.40%, while The Boeing Company (BA) has a volatility of 10.97%. This indicates that TRTX 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.

Volatility by Period

	TRTX	BA	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.40%	10.97%	-5.57%
Volatility (6M) Calculated over the trailing 6-month period	14.40%	24.54%	-10.14%
Volatility (1Y) Calculated over the trailing 1-year period	20.45%	31.69%	-11.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	34.95%	36.45%	-1.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	57.83%	41.57%	+16.26%

Dividends

TRTX vs. BA - Dividend Comparison

TRTX's dividend yield for the trailing twelve months is around 11.46%, 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%
TRTX TPG RE Finance Trust, Inc.	11.46%	11.15%	11.29%	14.77%	14.14%	7.71%	15.44%	8.49%	9.35%	3.73%	0.00%	0.00%

Financials

Frequently Asked Questions

Can I hold both TRTX and BA in my portfolio?

TRTX and BA have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TRTX or BA?

BA has higher volatility (10.97%) compared to TRTX (5.40%). In terms of maximum drawdown, TRTX dropped -86.18% vs BA's -89.45%.

Which has better risk-adjusted returns?

TRTX currently has the higher Sharpe Ratio (1.10 vs -0.04), 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.