BKNG vs BSX: Correlation
Booking Holdings (BKNG) and Boston Scientific (BSX) show a moderate relationship: their 3-year correlation of weekly returns is 0.43.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BKNG and BSX?
On 3 years of weekly data the BKNG/BSX correlation comes out at 0.43, moderate. Little has changed lately, as the 1-year reading of 0.40 lands near the 3-year figure. The 5-year figure is 0.45, and annualized covariance runs at 345.5 %².
Among the 39 assets we track against BKNG, BSX ranks #22 by 3-year correlation. The last year tells two different stories: BKNG led by 46.8 percentage points, -9.1% for BKNG against -55.9% for BSX. Across three years, the rolling one-year figure varied moderately, from 0.25 to 0.70.
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.
BKNG vs BSX: side by side
| BKNG (Booking Holdings) | BSX (Boston Scientific) | |
|---|---|---|
| 1-year return | -9.1% | -55.9% |
| 5-year return | +127.1% | +4.1% |
| Volatility (ann.) | 29.1% | 27.6% |
| Beta vs S&P 500 | 1.11 | 0.72 |
| Max drawdown (3Y) | -33.4% | -60.6% |
| Market cap | $152.2B | $67.6B |
| P/E (trailing) | 23.2 | 19.5 |
| Dividend yield | 0.77% | 0.00% |
| Sector / category | Consumer Discretionary | Health Care |
Year-by-year returns
| Year | BKNG | BSX |
|---|---|---|
| 2022 | -16.0% | +8.9% |
| 2023 | +76.0% | +24.9% |
| 2024 | +41.3% | +54.5% |
| 2025 | +8.6% | +6.8% |
| 2026 | -5.0% | -51.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BKNG and BSX good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.43 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between BKNG and BSX?
The BKNG/BSX correlation stands at 0.43 on a 3-year window (1 year: 0.40, 5 years: 0.45), computed from weekly returns as of 2026-08-27.
Is BSX a good diversifier for BKNG?
Yes, to a useful degree: a correlation of 0.43 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.43 mean?
On the −1 to +1 scale, 0.43 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.
Use this data
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Hubs: BKNG correlations · BSX correlations
