BKNG vs QQQ: Correlation
Booking Holdings (BKNG) and Invesco QQQ Trust (QQQ) show a moderate relationship: their 3-year correlation of weekly returns is 0.54.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BKNG and QQQ?
Over the past 3 years, BKNG and QQQ moved with a correlation of 0.54, which is moderate. The link has loosened recently: the 1-year correlation (0.36) runs below the 3-year figure (0.54). Over 5 years the correlation is 0.57, and the annualized covariance of weekly returns is 305.9 %².
Among the 39 assets we track against BKNG, QQQ ranks #16 by 3-year correlation. The last year tells two different stories: QQQ led by 35.4 percentage points, -9.1% for BKNG against +26.3% for QQQ. On a rolling one-year basis the correlation drifted between 0.34 and 0.72, 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 QQQ: side by side
| BKNG (Booking Holdings) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -9.1% | +26.3% |
| 5-year return | +127.1% | +95.4% |
| Volatility (ann.) | 29.1% | 19.6% |
| Beta vs S&P 500 | 1.11 | 1.28 |
| Max drawdown (3Y) | -33.4% | -22.8% |
| Market cap | $152.2B | – |
| P/E (trailing) | 23.2 | – |
| Dividend yield | 0.77% | 0.44% |
| Expense ratio | – | 0.18% |
| Assets under management | – | $452.8B |
| Sector / category | Consumer Discretionary | ETF · US Growth & Tech |
QQQ is a Large Growth fund from Invesco: $452.8B under management, 104 holdings, a 0.18% expense ratio, a 0.44% trailing dividend yield.
Year-by-year returns
| Year | BKNG | QQQ |
|---|---|---|
| 2022 | -16.0% | -32.6% |
| 2023 | +76.0% | +54.9% |
| 2024 | +41.3% | +25.6% |
| 2025 | +8.6% | +20.8% |
| 2026 | -5.0% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
BKNG represents 0.72% of QQQ's portfolio, so part of any move in QQQ is BKNG itself, and the correlation between them is partly mechanical.
Are BKNG and QQQ good diversifiers for each other?
Somewhat, no more. With 0.54 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between BKNG and QQQ?
As of 2026-08-27, the correlation of weekly returns between BKNG and QQQ is 0.54 over 3 years, 0.36 over 1 year and 0.57 over 5 years.
Is QQQ a good diversifier for BKNG?
Somewhat, no more. With 0.54 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.54 mean?
A reading of 0.54 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-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/bkng-vs-qqq/)
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Related comparisons
Hubs: BKNG correlations · QQQ correlations
