AMZN vs BKNG: Correlation
Measured on weekly returns over the past three years, Amazon (AMZN) and Booking Holdings (BKNG) carry a correlation of 0.52, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMZN and BKNG?
Over the past 3 years, AMZN and BKNG moved with a correlation of 0.52, which is moderate. The relationship has been stable: the 1-year correlation (0.47) sits close to the 3-year figure. Over 5 years the correlation is 0.53, and the annualized covariance of weekly returns is 467.7 %².
Within AMZN's tracked universe of 38 assets, BKNG comes in at #19 by 3-year correlation. Correlation aside, the last 12 months split them widely, with AMZN ahead by 20.9 points (+11.8% versus -9.1%). Stability stands out here, with the rolling one-year correlation confined to 0.40 through 0.64.
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.
AMZN vs BKNG: side by side
| AMZN (Amazon) | BKNG (Booking Holdings) | |
|---|---|---|
| 1-year return | +11.8% | -9.1% |
| 5-year return | +49.8% | +127.1% |
| Volatility (ann.) | 31.0% | 29.1% |
| Beta vs S&P 500 | 1.48 | 1.11 |
| Max drawdown (3Y) | -30.9% | -33.4% |
| Market cap | $2,764.1B | $152.2B |
| P/E (trailing) | 20.9 | 23.2 |
| Dividend yield | 0.00% | 0.77% |
| Sector / category | Consumer Discretionary | Consumer Discretionary |
Year-by-year returns
| Year | AMZN | BKNG |
|---|---|---|
| 2022 | -49.6% | -16.0% |
| 2023 | +80.9% | +76.0% |
| 2024 | +44.4% | +41.3% |
| 2025 | +5.2% | +8.6% |
| 2026 | +11.0% | -5.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMZN and BKNG good diversifiers for each other?
Somewhat, no more. With 0.52 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between AMZN and BKNG?
As of 2026-08-27, the correlation of weekly returns between AMZN and BKNG is 0.52 over 3 years, 0.47 over 1 year and 0.53 over 5 years.
Is BKNG a good diversifier for AMZN?
Somewhat, no more. With 0.52 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.52 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/amzn-vs-bkng.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/amzn-vs-bkng/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AMZN correlations · BKNG correlations
