BKNG vs IVV: Correlation
Booking Holdings (BKNG) and iShares Core S&P 500 ETF (IVV) show a moderate relationship: their 3-year correlation of weekly returns is 0.55.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BKNG and IVV?
Across a 3-year window, the weekly returns of BKNG and IVV correlate at 0.55, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.38 versus 0.55 over 3 years. Stretching to 5 years gives 0.60, with an annualized covariance of 232.2 %².
Among the 39 assets we track against BKNG, IVV ranks #12 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months IVV outperformed by 29.8 percentage points (-9.1% for BKNG against +20.7% for IVV). Across three years, the rolling one-year figure varied moderately, from 0.35 to 0.75. One caveat on sizing: BKNG is 2.0 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 IVV: side by side
| BKNG (Booking Holdings) | IVV (iShares Core S&P 500 ETF) | |
|---|---|---|
| 1-year return | -9.1% | +20.7% |
| 5-year return | +127.1% | +83.0% |
| Volatility (ann.) | 29.1% | 14.5% |
| Beta vs S&P 500 | 1.11 | 1.00 |
| Max drawdown (3Y) | -33.4% | -18.8% |
| Market cap | $152.2B | – |
| P/E (trailing) | 23.2 | – |
| Dividend yield | 0.77% | 1.09% |
| Expense ratio | – | 0.03% |
| Assets under management | – | $869.2B |
| Sector / category | Consumer Discretionary | ETF · US Large Cap |
IVV is a Large Blend fund from iShares: $869.2B under management, 503 holdings, a 0.03% expense ratio, a 1.09% trailing dividend yield.
Year-by-year returns
| Year | BKNG | IVV |
|---|---|---|
| 2022 | -16.0% | -18.2% |
| 2023 | +76.0% | +26.3% |
| 2024 | +41.3% | +24.9% |
| 2025 | +8.6% | +17.8% |
| 2026 | -5.0% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
BKNG represents 0.24% of IVV's portfolio, so part of any move in IVV is BKNG itself, and the correlation between them is partly mechanical.
Are BKNG and IVV good diversifiers for each other?
Only partially. A correlation of 0.55 means BKNG and IVV 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 IVV?
Using weekly returns as of 2026-08-27: 0.55 over 3 years, with 0.38 over the last year and 0.60 over 5 years.
Is IVV a good diversifier for BKNG?
Only partially. A correlation of 0.55 means BKNG and IVV share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.55 mean?
On the −1 to +1 scale, 0.55 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/bkng-vs-ivv.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/bkng-vs-ivv/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BKNG correlations · IVV correlations
