BKNG vs HLNE: Correlation
Measured on weekly returns over the past three years, Booking Holdings (BKNG) and Hamilton Lane Incorporated (HLNE) carry a correlation of 0.56, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BKNG and HLNE?
On 3 years of weekly data the BKNG/HLNE correlation comes out at 0.56, moderate. Recent behaviour matches the longer record: 0.58 over 1 year against 0.56 over 3. The 5-year figure is 0.55, and annualized covariance runs at 603.7 %².
Within BKNG's tracked universe of 39 assets, HLNE comes in at #5 by 3-year correlation. The last year tells two different stories: BKNG led by 20.3 percentage points, -9.1% for BKNG against -29.4% for HLNE.
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 HLNE: side by side
| BKNG (Booking Holdings) | HLNE (Hamilton Lane Incorporated) | |
|---|---|---|
| 1-year return | -9.1% | -29.4% |
| 5-year return | +127.1% | +32.3% |
| Volatility (ann.) | 29.1% | 37.2% |
| Beta vs S&P 500 | 1.11 | 1.23 |
| Max drawdown (3Y) | -33.4% | -62.3% |
| Market cap | $152.2B | $5.9B |
| P/E (trailing) | 23.2 | 16.0 |
| Dividend yield | 0.77% | 2.11% |
| Sector / category | Consumer Discretionary | US Listed |
Year-by-year returns
| Year | BKNG | HLNE |
|---|---|---|
| 2022 | -16.0% | -37.0% |
| 2023 | +76.0% | +81.4% |
| 2024 | +41.3% | +32.4% |
| 2025 | +8.6% | -7.9% |
| 2026 | -5.0% | -19.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BKNG and HLNE good diversifiers for each other?
Only partially. A correlation of 0.56 means BKNG and HLNE share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between BKNG and HLNE?
As of 2026-08-27, the correlation of weekly returns between BKNG and HLNE is 0.56 over 3 years, 0.58 over 1 year and 0.55 over 5 years.
Is HLNE a good diversifier for BKNG?
Only partially. A correlation of 0.56 means BKNG and HLNE share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.56 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.
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Related comparisons
Hubs: BKNG correlations · HLNE correlations
