BKNG vs TSLA: Correlation
Booking Holdings (BKNG) and Tesla, Inc. (TSLA) show a moderate relationship: their 3-year correlation of weekly returns is 0.30.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BKNG and TSLA?
On 3 years of weekly data the BKNG/TSLA correlation comes out at 0.30, moderate. Recent behaviour matches the longer record: 0.26 over 1 year against 0.30 over 3. The 5-year figure is 0.34, and annualized covariance runs at 468.5 %².
Among the 39 assets we track against BKNG, TSLA ranks #29 by 3-year correlation. Over the last 12 months TSLA came out ahead by 10.6 percentage points (-9.1% against +1.5%). Stability stands out here, with the rolling one-year correlation confined to 0.20 through 0.39. Note the risk asymmetry: TSLA runs 1.9 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 TSLA: side by side
| BKNG (Booking Holdings) | TSLA (Tesla, Inc.) | |
|---|---|---|
| 1-year return | -9.1% | +1.5% |
| 5-year return | +127.1% | +45.6% |
| Volatility (ann.) | 29.1% | 53.9% |
| Beta vs S&P 500 | 1.11 | 1.87 |
| Max drawdown (3Y) | -33.4% | -53.8% |
| Market cap | $152.2B | $1,401.3B |
| P/E (trailing) | 23.2 | 322.6 |
| Dividend yield | 0.77% | 0.00% |
| Sector / category | Consumer Discretionary | Consumer Discretionary |
Year-by-year returns
| Year | BKNG | TSLA |
|---|---|---|
| 2022 | -16.0% | -65.0% |
| 2023 | +76.0% | +101.7% |
| 2024 | +41.3% | +62.5% |
| 2025 | +8.6% | +11.4% |
| 2026 | -5.0% | -21.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BKNG and TSLA good diversifiers for each other?
Reasonably. At 0.30, BKNG and TSLA keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between BKNG and TSLA?
The BKNG/TSLA correlation stands at 0.30 on a 3-year window (1 year: 0.26, 5 years: 0.34), computed from weekly returns as of 2026-08-27.
Is TSLA a good diversifier for BKNG?
Reasonably. At 0.30, BKNG and TSLA keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.30 mean?
A reading of 0.30 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: BKNG correlations · TSLA correlations
