BKNG vs EXPE: Correlation
Measured on weekly returns over the past three years, Booking Holdings (BKNG) and Expedia Group (EXPE) carry a correlation of 0.60, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BKNG and EXPE?
On 3 years of weekly data the BKNG/EXPE correlation comes out at 0.60, strong. The link has tightened recently: the 1-year correlation (0.73) runs above the 3-year figure (0.60). The 5-year figure is 0.67, and annualized covariance runs at 745.6 %².
EXPE is one of the assets that tracks BKNG most closely: it ranks #2 out of the 39 assets we track against BKNG. The last year tells two different stories: EXPE led by 60.6 percentage points, -9.1% for BKNG against +51.5% for EXPE. On a rolling one-year basis the correlation drifted between 0.26 and 0.74, a moderate band.
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 EXPE: side by side
| BKNG (Booking Holdings) | EXPE (Expedia Group) | |
|---|---|---|
| 1-year return | -9.1% | +51.5% |
| 5-year return | +127.1% | +123.9% |
| Volatility (ann.) | 29.1% | 42.7% |
| Beta vs S&P 500 | 1.11 | 1.33 |
| Max drawdown (3Y) | -33.4% | -37.4% |
| Market cap | $152.2B | $38.3B |
| P/E (trailing) | 23.2 | 21.0 |
| Dividend yield | 0.77% | 0.53% |
| Sector / category | Consumer Discretionary | Consumer Discretionary |
Year-by-year returns
| Year | BKNG | EXPE |
|---|---|---|
| 2022 | -16.0% | -51.5% |
| 2023 | +76.0% | +73.3% |
| 2024 | +41.3% | +22.8% |
| 2025 | +8.6% | +53.3% |
| 2026 | -5.0% | +13.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BKNG and EXPE good diversifiers for each other?
To a limited degree. At 0.60 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between BKNG and EXPE?
Using weekly returns as of 2026-08-27: 0.60 over 3 years, with 0.73 over the last year and 0.67 over 5 years.
Is EXPE a good diversifier for BKNG?
To a limited degree. At 0.60 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.60 mean?
A reading of 0.60 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-expe.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bkng-vs-expe/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BKNG correlations · EXPE correlations
