BKNG vs. BEDZ
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 13.94%/yr vs 8.91%/yr for BEDZ. A 0.67 correlation means they provide meaningful diversification when combined.
Performance
BKNG vs. BEDZ - Performance Comparison
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Returns By Period
In the year-to-date period, BKNG achieves a -20.76% return, which is significantly lower than BEDZ's 10.82% return.
BKNG
- 1D
- 0.70%
- 1M
- 5.16%
- YTD
- -20.76%
- 6M
- -21.98%
- 1Y
- -20.14%
- 3Y*
- 18.02%
- 5Y*
- 13.94%
- 10Y*
- 13.35%
BEDZ
- 1D
- 0.15%
- 1M
- 9.56%
- YTD
- 10.82%
- 6M
- 8.96%
- 1Y
- 24.44%
- 3Y*
- 16.30%
- 5Y*
- 8.91%
- 10Y*
- —
BKNG vs. BEDZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
BKNG Booking Holdings Inc. | -20.76% | 8.59% | 41.31% | 76.02% | -16.00% | 2.31% |
BEDZ AdvisorShares Hotel ETF | 10.82% | 3.46% | 18.31% | 23.88% | -13.40% | 7.95% |
Correlation
The correlation between BKNG and BEDZ 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 BKNG and BEDZ has been stable across timeframes, ranging from 0.61 to 0.68 - a consistent structural relationship.
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Return for Risk
BKNG vs. BEDZ — Risk / Return Rank
BKNG
BEDZ
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.
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.
| BKNG | BEDZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.83 | ||
| Sortino ratioReturn per unit of downside risk | -2.58 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 1.21 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | -0.61 | 2.04 | -2.64 |
| Martin ratioReturn relative to average drawdown | -1.12 | 4.78 | -5.90 |
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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.
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Drawdown Indicators
| BKNG | BEDZ | Difference | |
|---|---|---|---|
Max DrawdownLargest 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 DrawdownCurrent decline from peak | -26.77% | -0.92% | -25.85% |
Average DrawdownAverage peak-to-trough decline | -47.03% | -8.00% | -39.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.97% | 5.13% | +12.84% |
Volatility
BKNG vs. BEDZ - Volatility Comparison
Booking Holdings Inc. (BKNG) has a higher volatility of 9.15% compared to AdvisorShares Hotel ETF (BEDZ) at 4.98%. 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.
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Volatility by Period
| BKNG | BEDZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.15% | 4.98% | +4.17% |
Volatility (6M)Calculated over the trailing 6-month period | 27.45% | 15.25% | +12.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.48% | 20.39% | +12.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.40% | 24.89% | +7.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.32% | 24.78% | +7.54% |
Dividends
BKNG vs. BEDZ - Dividend Comparison
BKNG's dividend yield for the trailing twelve months is around 0.95%, less than BEDZ's 2.08% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
BEDZ AdvisorShares Hotel ETF | 2.08% | 2.31% | 0.00% | 1.67% | 0.21% | 0.36% |
BKNG Booking Holdings Inc. | 0.95% | 0.72% | 0.70% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BKNG and BEDZ 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 (9.15%) compared to BEDZ (4.98%). In terms of maximum drawdown, BKNG dropped -99.32% vs BEDZ's -29.70%.
BEDZ currently has the higher Sharpe Ratio (1.20 vs -0.62), 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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