ABNB vs CBOE: Correlation
Measured on weekly returns over the past three years, Airbnb (ABNB) and Cboe Global Markets (CBOE) carry a correlation of -0.19, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ABNB and CBOE?
Across a 3-year window, the weekly returns of ABNB and CBOE correlate at -0.19, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.18 over 1 year against -0.19 over 3. Stretching to 5 years gives -0.04, with an annualized covariance of -177.6 %².
By 3-year correlation, CBOE places #25 of the 32 assets tracked against ABNB. Over the last 12 months ABNB came out ahead by 9.5 percentage points (+42.0% against +32.5%). The rolling one-year correlation moved between -0.37 and 0.05 over the past three years, a moderate range.
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 CBOE: side by side
| ABNB (Airbnb) | CBOE (Cboe Global Markets) | |
|---|---|---|
| 1-year return | +42.0% | +32.5% |
| 5-year return | +18.2% | +168.0% |
| Volatility (ann.) | 35.2% | 26.1% |
| Beta vs S&P 500 | 1.28 | 0.09 |
| Max drawdown (3Y) | -37.2% | -36.7% |
| Market cap | $110.4B | $32.8B |
| P/E (trailing) | 42.9 | 24.5 |
| Dividend yield | 0.00% | 0.92% |
| Sector / category | Consumer Discretionary | Financials |
Year-by-year returns
| Year | ABNB | CBOE |
|---|---|---|
| 2022 | -48.6% | -2.2% |
| 2023 | +59.2% | +44.4% |
| 2024 | -3.5% | +10.7% |
| 2025 | +3.3% | +29.2% |
| 2026 | +35.9% | +25.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABNB and CBOE good diversifiers for each other?
Yes: at -0.19, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ABNB and CBOE?
As of 2026-08-27, the correlation of weekly returns between ABNB and CBOE is -0.19 over 3 years, -0.18 over 1 year and -0.04 over 5 years.
Is CBOE a good diversifier for ABNB?
Yes: at -0.19, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.19 mean?
On the −1 to +1 scale, -0.19 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.
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Related comparisons
Hubs: ABNB correlations · CBOE correlations
