Investors focused on the Aerospace space have likely heard of The Boeing (BA Quick QuoteBA - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? By taking a look at the stock's year-to-date performance in comparison to its Aerospace peers, we might be able to answer that question.

The Boeing is one of 39 companies in the Aerospace group. The Aerospace group currently sits at #1 within the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.

The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. BA is currently sporting a Zacks Rank of #2 (Buy).

Over the past three months, the Zacks Consensus Estimate for BA's full-year earnings has moved 2.89% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.

Our latest available data shows that BA has returned about 16.14% since the start of the calendar year. At the same time, Aerospace stocks have gained an average of 0.66%. This means that The Boeing is outperforming the sector as a whole this year.

Looking more specifically, BA belongs to the Aerospace - Defense industry, which includes 13 individual stocks and currently sits at #70 in the Zacks Industry Rank. Stocks in this group have gained about 0.95% so far this year, so BA is performing better this group in terms of year-to-date returns.

Investors in the Aerospace sector will want to keep a close eye on BA as it attempts to continue its solid performance.