BKNG vs LULU: Correlation
How closely do Booking Holdings (BKNG) and Lululemon Athletica (LULU) trade together? Their weekly returns over three years give a correlation of 0.39, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BKNG and LULU?
On 3 years of weekly data the BKNG/LULU correlation comes out at 0.39, moderate. The relationship has been stable: the 1-year correlation (0.46) sits close to the 3-year figure. The 5-year figure is 0.41, and annualized covariance runs at 472.7 %².
Within BKNG's tracked universe of 39 assets, LULU comes in at #27 by 3-year correlation. Correlation aside, the last 12 months split them widely, with BKNG ahead by 35.0 points (-9.1% versus -44.1%). The relationship is regime-dependent: the rolling one-year correlation swung between 0.01 and 0.62 over the past three years, so this pair behaves very differently depending on the market environment.
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 LULU: side by side
| BKNG (Booking Holdings) | LULU (Lululemon Athletica) | |
|---|---|---|
| 1-year return | -9.1% | -44.1% |
| 5-year return | +127.1% | -72.3% |
| Volatility (ann.) | 29.1% | 41.8% |
| Beta vs S&P 500 | 1.11 | 0.98 |
| Max drawdown (3Y) | -33.4% | -79.4% |
| Market cap | $152.2B | $13.1B |
| P/E (trailing) | 23.2 | 9.4 |
| Dividend yield | 0.77% | 0.00% |
| Sector / category | Consumer Discretionary | Consumer Discretionary |
Year-by-year returns
| Year | BKNG | LULU |
|---|---|---|
| 2022 | -16.0% | -18.2% |
| 2023 | +76.0% | +59.6% |
| 2024 | +41.3% | -25.2% |
| 2025 | +8.6% | -45.7% |
| 2026 | -5.0% | -44.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BKNG and LULU good diversifiers for each other?
A fair diversifier. At 0.39, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between BKNG and LULU?
The BKNG/LULU correlation stands at 0.39 on a 3-year window (1 year: 0.46, 5 years: 0.41), computed from weekly returns as of 2026-08-27.
Is LULU a good diversifier for BKNG?
A fair diversifier. At 0.39, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.39 mean?
On the −1 to +1 scale, 0.39 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-lulu.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bkng-vs-lulu/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BKNG correlations · LULU correlations
