BA vs RFAI: Correlation
How closely do Boeing (BA) and RF Acquisition Corp II (RFAI) trade together? Their weekly returns over three years give a correlation of -0.14, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BA and RFAI?
On 3 years of weekly data the BA/RFAI correlation comes out at -0.14, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.23) sits close to the 3-year figure. The 5-year figure is n/a, and annualized covariance runs at -1543.6 %².
Among the 37 assets we track against BA, RFAI ranks #29 by 3-year correlation. The last year tells two different stories: RFAI led by 400.4 percentage points, -10.9% for BA against +389.5% for RFAI. Risk is not evenly split, since RFAI carries 7.9 times the volatility of the other side.
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 RFAI: side by side
| BA (Boeing) | RFAI (RF Acquisition Corp II) | |
|---|---|---|
| 1-year return | -10.9% | +389.5% |
| 5-year return | -3.6% | n/a |
| Volatility (ann.) | 36.4% | 288.3% |
| Beta vs S&P 500 | 1.43 | -1.62 |
| Max drawdown (3Y) | -48.3% | -16.5% |
| Market cap | $165.9B | $0.4B |
| P/E (trailing) | 76.3 | 399.9 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | BA | RFAI |
|---|---|---|
| 2022 | -5.4% | – |
| 2023 | +36.8% | – |
| 2024 | -32.1% | – |
| 2025 | +22.7% | +5.2% |
| 2026 | -3.3% | +383.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BA and RFAI good diversifiers for each other?
By historical standards, yes. A correlation of -0.14 means the two rarely move for the same reasons.
FAQ
What is the correlation between BA and RFAI?
Using weekly returns as of 2026-08-27: -0.14 over 3 years, with -0.23 over the last year and n/a over 5 years.
Is RFAI a good diversifier for BA?
By historical standards, yes. A correlation of -0.14 means the two rarely move for the same reasons.
What does a correlation of -0.14 mean?
On the −1 to +1 scale, -0.14 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-rfai.json
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Related comparisons
Hubs: BA correlations · RFAI correlations
