ABNB vs BTI: Correlation
How closely do Airbnb (ABNB) and British American Tobacco Industries, p.l.c. (BTI) trade together? Their weekly returns over three years give a correlation of -0.24, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ABNB and BTI?
Across a 3-year window, the weekly returns of ABNB and BTI correlate at -0.24, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.36) runs below the 3-year figure (-0.24). Stretching to 5 years gives -0.01, with an annualized covariance of -190.9 %².
Among the 32 assets we track against ABNB, BTI sits near the bottom by co-movement, at rank #28. Correlation aside, the last 12 months split them widely, with ABNB ahead by 37.2 points (+42.0% versus +4.8%). Risk is not evenly split, since ABNB carries 1.6 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.
ABNB vs BTI: side by side
| ABNB (Airbnb) | BTI (British American Tobacco Industries, p.l.c.) | |
|---|---|---|
| 1-year return | +42.0% | +4.8% |
| 5-year return | +18.2% | +119.4% |
| Volatility (ann.) | 35.2% | 22.5% |
| Beta vs S&P 500 | 1.28 | 0.06 |
| Max drawdown (3Y) | -37.2% | -15.3% |
| Market cap | $110.4B | $121.2B |
| P/E (trailing) | 42.9 | 14.5 |
| Dividend yield | 0.00% | 4.27% |
| Sector / category | Consumer Discretionary | US Listed |
Year-by-year returns
| Year | ABNB | BTI |
|---|---|---|
| 2022 | -48.6% | +15.1% |
| 2023 | +59.2% | -20.1% |
| 2024 | -3.5% | +35.4% |
| 2025 | +3.3% | +65.8% |
| 2026 | +35.9% | +2.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABNB and BTI good diversifiers for each other?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
FAQ
What is the correlation between ABNB and BTI?
As of 2026-08-27, the correlation of weekly returns between ABNB and BTI is -0.24 over 3 years, -0.36 over 1 year and -0.01 over 5 years.
Is BTI a good diversifier for ABNB?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
What does a correlation of -0.24 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.
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Related comparisons
Hubs: ABNB correlations · BTI correlations
