BA vs MXC: Correlation
How closely do Boeing (BA) and Mexco Energy Corporation (MXC) trade together? Their weekly returns over three years give a correlation of -0.17, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BA and MXC?
On 3 years of weekly data the BA/MXC correlation comes out at -0.17, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.06 versus -0.17 over 3 years. The 5-year figure is -0.09, and annualized covariance runs at -376.5 %².
By 3-year correlation, MXC places #31 of the 37 assets tracked against BA. The last year tells two different stories: MXC led by 32.5 percentage points, -10.9% for BA against +21.6% for MXC. One caveat on sizing: MXC is 1.7 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 MXC: side by side
| BA (Boeing) | MXC (Mexco Energy Corporation) | |
|---|---|---|
| 1-year return | -10.9% | +21.6% |
| 5-year return | -3.6% | +7.2% |
| Volatility (ann.) | 36.4% | 62.1% |
| Beta vs S&P 500 | 1.43 | -0.31 |
| Max drawdown (3Y) | -48.3% | -60.6% |
| Market cap | $165.9B | – |
| P/E (trailing) | 76.3 | 13.0 |
| Dividend yield | 0.00% | 1.02% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | BA | MXC |
|---|---|---|
| 2022 | -5.4% | +33.0% |
| 2023 | +36.8% | -26.2% |
| 2024 | -32.1% | +24.6% |
| 2025 | +22.7% | -10.8% |
| 2026 | -3.3% | -0.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BA and MXC good diversifiers for each other?
Yes: at -0.17, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between BA and MXC?
Using weekly returns as of 2026-08-27: -0.17 over 3 years, with 0.06 over the last year and -0.09 over 5 years.
Is MXC a good diversifier for BA?
Yes: at -0.17, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.17 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ba-vs-mxc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ba-vs-mxc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BA correlations · MXC correlations
