BKNG vs. BEDZ

Last updated Jun 3, 2026

BKNG (Booking Holdings Inc.) is a stock, while BEDZ (AdvisorShares Hotel ETF) is Consumer Discretionary Equities fund actively managed by AdvisorShares. Over the past 5 years, BKNG returned 13.15%/yr vs 7.24%/yr for BEDZ. A 0.67 correlation means they provide meaningful diversification when combined.

Performance

BKNG vs. BEDZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Booking Holdings Inc. (BKNG) and AdvisorShares Hotel ETF (BEDZ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BKNG achieves a -21.76% return, which is significantly lower than BEDZ's 5.11% return.

BKNG

• 1D: -1.21%
• 1M: -1.43%
• YTD: -21.76%
• 6M: -18.25%
• 1Y: -23.95%
• 3Y*: 17.49%
• 5Y*: 13.15%
• 10Y*: 12.58%

BEDZ

• 1D: 0.26%
• 1M: 3.89%
• YTD: 5.11%
• 6M: 9.59%
• 1Y: 19.45%
• 3Y*: 13.34%
• 5Y*: 7.24%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

BKNG vs. BEDZ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
BKNG Booking Holdings Inc.	-21.76%	8.59%	41.31%	76.02%	-16.00%	1.76%
BEDZ AdvisorShares Hotel ETF	5.11%	3.46%	18.31%	23.88%	-13.40%	6.49%

Correlation

The correlation between BKNG and BEDZ is 0.58, 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	0.58
Correlation (3Y) Calculated over the trailing 3-year period	0.62
Correlation (5Y) Calculated over the trailing 5-year period	0.67
Correlation (All Time) Calculated using the full available price history since Apr 22, 2021	0.67

The correlation between BKNG and BEDZ has been stable across timeframes, ranging from 0.58 to 0.67 - a consistent structural relationship.

Return for Risk

BKNG vs. BEDZ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BKNG

BKNG Risk / Return Rank: 11
BKNG Sharpe Ratio Rank: 9
BKNG Sortino Ratio Rank: 12
BKNG Omega Ratio Rank: 12
BKNG Calmar Ratio Rank: 14
BKNG Martin Ratio Rank: 7

BEDZ

BEDZ Risk / Return Rank: 27
BEDZ Sharpe Ratio Rank: 26
BEDZ Sortino Ratio Rank: 28
BEDZ Omega Ratio Rank: 26
BEDZ Calmar Ratio Rank: 31
BEDZ Martin Ratio Rank: 26

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BKNG vs. BEDZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Booking Holdings Inc. (BKNG) and AdvisorShares Hotel ETF (BEDZ). 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.

	BKNG	BEDZ	Difference
Sharpe ratio Return per unit of total volatility	-0.76	0.96	-1.72
Sortino ratio Return per unit of downside risk	-0.95	1.52	-2.47
Omega ratio Gain probability vs. loss probability	0.89	1.17	-0.29
Calmar ratio Return relative to maximum drawdown	-0.71	1.57	-2.28
Martin ratio Return relative to average drawdown	-1.41	3.68	-5.09
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BKNG vs. BEDZ - Sharpe Ratio Comparison

The current BKNG Sharpe Ratio is -0.76, which is lower than the BEDZ Sharpe Ratio of 0.96. The chart below compares the historical Sharpe Ratios of BKNG and BEDZ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BKNG	BEDZ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.76	0.96	-1.72
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.41	0.29	+0.12
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.39	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.14	0.32	-0.18

Drawdowns

BKNG vs. BEDZ - Drawdown Comparison

The maximum BKNG drawdown since its inception was -99.32%, which is greater than BEDZ's maximum drawdown of -29.70%. Use the drawdown chart below to compare losses from any high point for BKNG and BEDZ.

Drawdown Indicators

	BKNG	BEDZ	Difference
Max Drawdown Largest peak-to-trough decline	-99.32%	-29.70%	-69.62%
Max Drawdown (1Y) Largest decline over 1 year	-33.35%	-12.06%	-21.29%
Max Drawdown (3Y) Largest decline over 3 years	-33.35%	-28.31%	-5.04%
Max Drawdown (5Y) Largest decline over 5 years	-39.53%	-29.70%	-9.83%
Max Drawdown (10Y) Largest decline over 10 years	-47.77%	—	—
Current Drawdown Current decline from peak	-27.70%	-0.27%	-27.43%
Average Drawdown Average peak-to-trough decline	-47.08%	-8.09%	-38.99%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.78%	5.15%	+11.63%

Volatility

BKNG vs. BEDZ - Volatility Comparison

Booking Holdings Inc. (BKNG) has a higher volatility of 9.42% compared to AdvisorShares Hotel ETF (BEDZ) at 5.70%. This indicates that BKNG's price experiences larger fluctuations and is considered to be riskier than BEDZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BKNG	BEDZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.42%	5.70%	+3.72%
Volatility (6M) Calculated over the trailing 6-month period	27.30%	15.09%	+12.21%
Volatility (1Y) Calculated over the trailing 1-year period	31.76%	20.29%	+11.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.22%	24.89%	+7.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.46%	24.85%	+7.61%

Dividends

BKNG vs. BEDZ - Dividend Comparison

BKNG's dividend yield for the trailing twelve months is around 0.94%, less than BEDZ's 2.20% yield.

Position	TTM	2025	2024	2023	2022	2021
BEDZ AdvisorShares Hotel ETF	2.20%	2.31%	0.00%	1.67%	0.21%	0.36%
BKNG Booking Holdings Inc.	0.94%	0.72%	0.70%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BKNG and BEDZ in my portfolio?

BKNG and BEDZ have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BKNG or BEDZ?

BKNG has higher volatility (9.42%) compared to BEDZ (5.70%). In terms of maximum drawdown, BKNG dropped -99.32% vs BEDZ's -29.70%.

Which has better risk-adjusted returns?

BEDZ currently has the higher Sharpe Ratio (0.96 vs -0.76), 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.