BKNG vs EXC: Correlation
How closely do Booking Holdings (BKNG) and Exelon (EXC) 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 BKNG and EXC?
Across a 3-year window, the weekly returns of BKNG and EXC correlate at -0.20, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.22 lands near the 3-year figure. Stretching to 5 years gives 0.02, with an annualized covariance of -113.8 %².
Among the 39 assets we track against BKNG, EXC ranks #34 by 3-year correlation. Over the last 12 months EXC came out ahead by 10.8 percentage points (-9.1% against +1.7%). This link changes with the market regime, having swung between -0.44 and 0.33 on a rolling one-year basis. One caveat on sizing: BKNG is 1.5 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 EXC: side by side
| BKNG (Booking Holdings) | EXC (Exelon) | |
|---|---|---|
| 1-year return | -9.1% | +1.7% |
| 5-year return | +127.1% | +48.1% |
| Volatility (ann.) | 29.1% | 19.4% |
| Beta vs S&P 500 | 1.11 | -0.05 |
| Max drawdown (3Y) | -33.4% | -18.9% |
| Market cap | $152.2B | $45.3B |
| P/E (trailing) | 23.2 | 16.3 |
| Dividend yield | 0.77% | 3.69% |
| Sector / category | Consumer Discretionary | Utilities |
Year-by-year returns
| Year | BKNG | EXC |
|---|---|---|
| 2022 | -16.0% | +8.3% |
| 2023 | +76.0% | -14.0% |
| 2024 | +41.3% | +9.2% |
| 2025 | +8.6% | +20.0% |
| 2026 | -5.0% | +2.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BKNG and EXC 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 BKNG and EXC?
Using weekly returns as of 2026-08-27: -0.20 over 3 years, with -0.22 over the last year and 0.02 over 5 years.
Is EXC a good diversifier for BKNG?
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?
On the −1 to +1 scale, -0.20 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: BKNG correlations · EXC correlations
