BKNG vs EXLS: Correlation
How closely do Booking Holdings (BKNG) and ExlService Holdings, Inc. (EXLS) trade together? Their weekly returns over three years give a correlation of 0.57, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BKNG and EXLS?
On 3 years of weekly data the BKNG/EXLS correlation comes out at 0.57, moderate. Recent behaviour matches the longer record: 0.61 over 1 year against 0.57 over 3. The 5-year figure is 0.49, and annualized covariance runs at 522.4 %².
Few assets follow BKNG as closely as EXLS, which ranks #3 of 39 tracked partners. Twelve-month performance is nearly a tie, at -9.1% for BKNG and -13.4% for EXLS.
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 EXLS: side by side
| BKNG (Booking Holdings) | EXLS (ExlService Holdings, Inc.) | |
|---|---|---|
| 1-year return | -9.1% | -13.4% |
| 5-year return | +127.1% | +55.2% |
| Volatility (ann.) | 29.1% | 31.7% |
| Beta vs S&P 500 | 1.11 | 0.77 |
| Max drawdown (3Y) | -33.4% | -51.3% |
| Market cap | $152.2B | $5.8B |
| P/E (trailing) | 23.2 | 23.7 |
| Dividend yield | 0.77% | 0.00% |
| Sector / category | Consumer Discretionary | US Listed |
Year-by-year returns
| Year | BKNG | EXLS |
|---|---|---|
| 2022 | -16.0% | +17.0% |
| 2023 | +76.0% | -9.0% |
| 2024 | +41.3% | +43.9% |
| 2025 | +8.6% | -4.4% |
| 2026 | -5.0% | -10.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BKNG and EXLS good diversifiers for each other?
Somewhat, no more. With 0.57 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between BKNG and EXLS?
The BKNG/EXLS correlation stands at 0.57 on a 3-year window (1 year: 0.61, 5 years: 0.49), computed from weekly returns as of 2026-08-27.
Is EXLS a good diversifier for BKNG?
Somewhat, no more. With 0.57 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.57 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/bkng-vs-exls.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/bkng-vs-exls/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BKNG correlations · EXLS correlations
