CARG vs EXPE: Correlation
Measured on weekly returns over the past three years, CarGurus, Inc. (CARG) and Expedia Group (EXPE) carry a correlation of 0.50, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CARG and EXPE?
Across a 3-year window, the weekly returns of CARG and EXPE correlate at 0.50, moderate. Recent behaviour matches the longer record: 0.54 over 1 year against 0.50 over 3. Stretching to 5 years gives 0.42, with an annualized covariance of 842.5 %².
Among the 17 assets we track against CARG, EXPE ranks #8 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months EXPE outperformed by 45.4 percentage points (+6.1% for CARG against +51.5% for EXPE).
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.
CARG vs EXPE: side by side
| CARG (CarGurus, Inc.) | EXPE (Expedia Group) | |
|---|---|---|
| 1-year return | +6.1% | +51.5% |
| 5-year return | +17.1% | +123.9% |
| Volatility (ann.) | 39.4% | 42.7% |
| Beta vs S&P 500 | 1.12 | 1.33 |
| Max drawdown (3Y) | -37.9% | -37.4% |
| Market cap | $3.2B | $38.3B |
| P/E (trailing) | 18.6 | 21.0 |
| Dividend yield | 0.00% | 0.53% |
| Sector / category | US Listed | Consumer Discretionary |
Year-by-year returns
| Year | CARG | EXPE |
|---|---|---|
| 2022 | -58.4% | -51.5% |
| 2023 | +72.4% | +73.3% |
| 2024 | +51.2% | +22.8% |
| 2025 | +5.0% | +53.3% |
| 2026 | -5.2% | +13.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CARG and EXPE good diversifiers for each other?
Only partially. A correlation of 0.50 means CARG and EXPE 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 CARG and EXPE?
Using weekly returns as of 2026-08-27: 0.50 over 3 years, with 0.54 over the last year and 0.42 over 5 years.
Is EXPE a good diversifier for CARG?
Only partially. A correlation of 0.50 means CARG and EXPE share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.50 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/carg-vs-expe.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/carg-vs-expe/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CARG correlations · EXPE correlations
