BEDZ vs. BKNG
BEDZ (AdvisorShares Hotel ETF) is Consumer Discretionary Equities fund actively managed by AdvisorShares, while BKNG (Booking Holdings Inc.) is a stock. Over the past 5 years, BEDZ returned 8.86%/yr vs 13.78%/yr for BKNG. A 0.67 correlation means they provide meaningful diversification when combined.
Performance
BEDZ vs. BKNG - Performance Comparison
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Returns By Period
In the year-to-date period, BEDZ achieves a 10.65% return, which is significantly higher than BKNG's -21.30% return.
BEDZ
- 1D
- -1.07%
- 1M
- 9.40%
- YTD
- 10.65%
- 6M
- 7.48%
- 1Y
- 25.12%
- 3Y*
- 16.24%
- 5Y*
- 8.86%
- 10Y*
- —
BKNG
- 1D
- -2.33%
- 1M
- 4.43%
- YTD
- -21.30%
- 6M
- -22.06%
- 1Y
- -20.25%
- 3Y*
- 17.75%
- 5Y*
- 13.78%
- 10Y*
- 13.27%
BEDZ vs. BKNG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
BEDZ AdvisorShares Hotel ETF | 10.65% | 3.46% | 18.31% | 23.88% | -13.40% | 7.95% |
BKNG Booking Holdings Inc. | -21.30% | 8.59% | 41.31% | 76.02% | -16.00% | 2.31% |
Correlation
The correlation between BEDZ and BKNG is 0.61, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.61 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.63 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.68 |
Correlation (All Time) Calculated using the full available price history since Apr 21, 2021 | 0.67 |
The correlation between BEDZ and BKNG has been stable across timeframes, ranging from 0.61 to 0.68 - a consistent structural relationship.
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Return for Risk
BEDZ vs. BKNG — Risk / Return Rank
BEDZ
BKNG
BEDZ vs. BKNG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AdvisorShares Hotel ETF (BEDZ) and Booking Holdings Inc. (BKNG). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BEDZ | BKNG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.86 | ||
| Sortino ratioReturn per unit of downside risk | +2.63 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 0.91 | +0.30 |
| Calmar ratioReturn relative to maximum drawdown | 2.09 | -0.61 | +2.70 |
| Martin ratioReturn relative to average drawdown | 4.91 | -1.13 | +6.04 |
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Drawdowns
BEDZ vs. BKNG - Drawdown Comparison
The maximum BEDZ drawdown since its inception was -29.70%, smaller than the maximum BKNG drawdown of -99.32%. Use the drawdown chart below to compare losses from any high point for BEDZ and BKNG.
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Drawdown Indicators
| BEDZ | BKNG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.70% | -99.32% | +69.62% |
Max Drawdown (1Y)Largest decline over 1 year | -12.06% | -33.35% | +21.29% |
Max Drawdown (3Y)Largest decline over 3 years | -28.31% | -33.35% | +5.04% |
Max Drawdown (5Y)Largest decline over 5 years | -29.70% | -39.53% | +9.83% |
Max Drawdown (10Y)Largest decline over 10 years | — | -47.77% | — |
Current DrawdownCurrent decline from peak | -1.07% | -27.27% | +26.20% |
Average DrawdownAverage peak-to-trough decline | -8.01% | -47.03% | +39.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.13% | 17.89% | -12.76% |
Volatility
BEDZ vs. BKNG - Volatility Comparison
The current volatility for AdvisorShares Hotel ETF (BEDZ) is 4.98%, while Booking Holdings Inc. (BKNG) has a volatility of 9.25%. This indicates that BEDZ experiences smaller price fluctuations and is considered to be less risky than BKNG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BEDZ | BKNG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.98% | 9.25% | -4.27% |
Volatility (6M)Calculated over the trailing 6-month period | 15.25% | 27.43% | -12.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.43% | 32.54% | -12.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.89% | 32.40% | -7.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.79% | 32.52% | -7.73% |
Dividends
BEDZ vs. BKNG - Dividend Comparison
BEDZ's dividend yield for the trailing twelve months is around 2.09%, more than BKNG's 0.96% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
BEDZ AdvisorShares Hotel ETF | 2.09% | 2.31% | 0.00% | 1.67% | 0.21% | 0.36% |
BKNG Booking Holdings Inc. | 0.96% | 0.72% | 0.70% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BEDZ and BKNG have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BKNG has higher volatility (9.25%) compared to BEDZ (4.98%). In terms of maximum drawdown, BEDZ dropped -29.70% vs BKNG's -99.32%.
BEDZ currently has the higher Sharpe Ratio (1.24 vs -0.63), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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