ABNB vs BKNG: Correlation
How closely do Airbnb (ABNB) and Booking Holdings (BKNG) trade together? Their weekly returns over three years give a correlation of 0.54, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ABNB and BKNG?
Across a 3-year window, the weekly returns of ABNB and BKNG correlate at 0.54, moderate. The link has tightened recently: the 1-year correlation (0.74) runs above the 3-year figure (0.54). Stretching to 5 years gives 0.62, with an annualized covariance of 554.9 %².
Few assets follow ABNB as closely as BKNG, which ranks #2 of 32 tracked partners. The last year tells two different stories: ABNB led by 51.1 percentage points, +42.0% for ABNB against -9.1% for BKNG. The relationship is regime-dependent: the rolling one-year correlation swung between 0.23 and 0.75 over the past three years, so this pair behaves very differently depending on the market environment.
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.
ABNB vs BKNG: side by side
| ABNB (Airbnb) | BKNG (Booking Holdings) | |
|---|---|---|
| 1-year return | +42.0% | -9.1% |
| 5-year return | +18.2% | +127.1% |
| Volatility (ann.) | 35.2% | 29.1% |
| Beta vs S&P 500 | 1.28 | 1.11 |
| Max drawdown (3Y) | -37.2% | -33.4% |
| Market cap | $110.4B | $152.2B |
| P/E (trailing) | 42.9 | 23.2 |
| Dividend yield | 0.00% | 0.77% |
| Sector / category | Consumer Discretionary | Consumer Discretionary |
Year-by-year returns
| Year | ABNB | BKNG |
|---|---|---|
| 2022 | -48.6% | -16.0% |
| 2023 | +59.2% | +76.0% |
| 2024 | -3.5% | +41.3% |
| 2025 | +3.3% | +8.6% |
| 2026 | +35.9% | -5.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABNB and BKNG good diversifiers for each other?
Somewhat, no more. With 0.54 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between ABNB and BKNG?
As of 2026-08-27, the correlation of weekly returns between ABNB and BKNG is 0.54 over 3 years, 0.74 over 1 year and 0.62 over 5 years.
Is BKNG a good diversifier for ABNB?
Somewhat, no more. With 0.54 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.54 mean?
A reading of 0.54 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/abnb-vs-bkng.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/abnb-vs-bkng/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ABNB correlations · BKNG correlations
