BKNG vs GRMN: Correlation
Measured on weekly returns over the past three years, Booking Holdings (BKNG) and Garmin (GRMN) carry a correlation of 0.41, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BKNG and GRMN?
Across a 3-year window, the weekly returns of BKNG and GRMN correlate at 0.41, moderate. The relationship has been stable: the 1-year correlation (0.39) sits close to the 3-year figure. Stretching to 5 years gives 0.41, with an annualized covariance of 412.9 %².
Within BKNG's tracked universe of 39 assets, GRMN comes in at #26 by 3-year correlation. The last year tells two different stories: GRMN led by 34.2 percentage points, -9.1% for BKNG against +25.1% for GRMN. The rolling one-year correlation moved between 0.15 and 0.59 over the past three years, a moderate range.
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 GRMN: side by side
| BKNG (Booking Holdings) | GRMN (Garmin) | |
|---|---|---|
| 1-year return | -9.1% | +25.1% |
| 5-year return | +127.1% | +80.9% |
| Volatility (ann.) | 29.1% | 34.7% |
| Beta vs S&P 500 | 1.11 | 1.06 |
| Max drawdown (3Y) | -33.4% | -28.0% |
| Market cap | $152.2B | $55.9B |
| P/E (trailing) | 23.2 | 29.9 |
| Dividend yield | 0.77% | 1.45% |
| Sector / category | Consumer Discretionary | Consumer Discretionary |
Year-by-year returns
| Year | BKNG | GRMN |
|---|---|---|
| 2022 | -16.0% | -30.2% |
| 2023 | +76.0% | +43.1% |
| 2024 | +41.3% | +63.3% |
| 2025 | +8.6% | -0.1% |
| 2026 | -5.0% | +44.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BKNG and GRMN good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between BKNG and GRMN?
The BKNG/GRMN correlation stands at 0.41 on a 3-year window (1 year: 0.39, 5 years: 0.41), computed from weekly returns as of 2026-08-27.
Is GRMN a good diversifier for BKNG?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.41 mean?
A reading of 0.41 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-grmn.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bkng-vs-grmn/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BKNG correlations · GRMN correlations
