BA vs MIND: Correlation
Measured on weekly returns over the past three years, Boeing (BA) and MIND Technology, Inc. (MIND) carry a correlation of 0.37, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BA and MIND?
On 3 years of weekly data the BA/MIND correlation comes out at 0.37, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.10 versus 0.37 over 3 years. The 5-year figure is 0.29, and annualized covariance runs at 1066.5 %².
By 3-year correlation, MIND places #25 of the 37 assets tracked against BA. Their recent paths diverged sharply: over the last 12 months BA outperformed by 45.0 percentage points (-10.9% for BA against -55.9% for MIND). Note the risk asymmetry: MIND runs 2.2 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
BA vs MIND: side by side
| BA (Boeing) | MIND (MIND Technology, Inc.) | |
|---|---|---|
| 1-year return | -10.9% | -55.9% |
| 5-year return | -3.6% | -77.3% |
| Volatility (ann.) | 36.4% | 79.5% |
| Beta vs S&P 500 | 1.43 | 0.91 |
| Max drawdown (3Y) | -48.3% | -70.0% |
| Market cap | $165.9B | – |
| P/E (trailing) | 76.3 | 27.8 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | BA | MIND |
|---|---|---|
| 2022 | -5.4% | -72.8% |
| 2023 | +36.8% | +43.3% |
| 2024 | -32.1% | +20.5% |
| 2025 | +22.7% | +10.7% |
| 2026 | -3.3% | -49.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BA and MIND good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.37 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between BA and MIND?
Using weekly returns as of 2026-08-27: 0.37 over 3 years, with 0.10 over the last year and 0.29 over 5 years.
Is MIND a good diversifier for BA?
Yes, to a useful degree: a correlation of 0.37 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.37 mean?
On the −1 to +1 scale, 0.37 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ba-vs-mind.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ba-vs-mind/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BA correlations · MIND correlations
