ABNB vs ENB: Correlation
How closely do Airbnb (ABNB) and Enbridge Inc (ENB) trade together? Their weekly returns over three years give a correlation of -0.20, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ABNB and ENB?
Across a 3-year window, the weekly returns of ABNB and ENB correlate at -0.20, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.55) runs below the 3-year figure (-0.20). Stretching to 5 years gives 0.05, with an annualized covariance of -125.4 %².
Within ABNB's tracked universe of 32 assets, ENB comes in at #27 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months ABNB outperformed by 32.9 percentage points (+42.0% for ABNB against +9.1% for ENB). Risk is not evenly split, since ABNB carries 2.0 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 ENB: side by side
| ABNB (Airbnb) | ENB (Enbridge Inc) | |
|---|---|---|
| 1-year return | +42.0% | +9.1% |
| 5-year return | +18.2% | +71.0% |
| Volatility (ann.) | 35.2% | 17.6% |
| Beta vs S&P 500 | 1.28 | 0.05 |
| Max drawdown (3Y) | -37.2% | -13.1% |
| Market cap | $110.4B | $109.1B |
| P/E (trailing) | 42.9 | 26.7 |
| Dividend yield | 0.00% | 7.60% |
| Sector / category | Consumer Discretionary | US Listed |
Year-by-year returns
| Year | ABNB | ENB |
|---|---|---|
| 2022 | -48.6% | +6.5% |
| 2023 | +59.2% | -1.1% |
| 2024 | -3.5% | +26.4% |
| 2025 | +3.3% | +17.8% |
| 2026 | +35.9% | +8.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABNB and ENB good diversifiers for each other?
By historical standards, yes. A correlation of -0.20 means the two rarely move for the same reasons.
FAQ
What is the correlation between ABNB and ENB?
As of 2026-08-27, the correlation of weekly returns between ABNB and ENB is -0.20 over 3 years, -0.55 over 1 year and 0.05 over 5 years.
Is ENB a good diversifier for ABNB?
By historical standards, yes. A correlation of -0.20 means the two rarely move for the same reasons.
What does a correlation of -0.20 mean?
A reading of -0.20 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-enb.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/abnb-vs-enb/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ABNB correlations · ENB correlations
