BKNG vs CARG: Correlation
Booking Holdings (BKNG) and CarGurus, Inc. (CARG) show a moderate relationship: their 3-year correlation of weekly returns is 0.55.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BKNG and CARG?
Across a 3-year window, the weekly returns of BKNG and CARG correlate at 0.55, moderate. The past 12 months show a tighter link (0.68) than the 3-year average (0.55). Stretching to 5 years gives 0.37, with an annualized covariance of 632.8 %².
By 3-year correlation, CARG places #8 of the 39 assets tracked against BKNG. Correlation aside, the last 12 months split them widely, with CARG ahead by 15.2 points (-9.1% versus +6.1%).
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 CARG: side by side
| BKNG (Booking Holdings) | CARG (CarGurus, Inc.) | |
|---|---|---|
| 1-year return | -9.1% | +6.1% |
| 5-year return | +127.1% | +17.1% |
| Volatility (ann.) | 29.1% | 39.4% |
| Beta vs S&P 500 | 1.11 | 1.12 |
| Max drawdown (3Y) | -33.4% | -37.9% |
| Market cap | $152.2B | $3.2B |
| P/E (trailing) | 23.2 | 18.6 |
| Dividend yield | 0.77% | 0.00% |
| Sector / category | Consumer Discretionary | US Listed |
Year-by-year returns
| Year | BKNG | CARG |
|---|---|---|
| 2022 | -16.0% | -58.4% |
| 2023 | +76.0% | +72.4% |
| 2024 | +41.3% | +51.2% |
| 2025 | +8.6% | +5.0% |
| 2026 | -5.0% | -5.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BKNG and CARG good diversifiers for each other?
Somewhat, no more. With 0.55 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between BKNG and CARG?
The BKNG/CARG correlation stands at 0.55 on a 3-year window (1 year: 0.68, 5 years: 0.37), computed from weekly returns as of 2026-08-27.
Is CARG a good diversifier for BKNG?
Somewhat, no more. With 0.55 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.55 mean?
A reading of 0.55 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/bkng-vs-carg.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/bkng-vs-carg/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BKNG correlations · CARG correlations
