BKNG vs. BOXX
BKNG (Booking Holdings Inc.) is a stock, while BOXX (Alpha Architect 1-3 Month Box ETF) is Ultrashort Bond fund tracking the Solactive 1-3 Month US T-Bill Index. Over the past 3 years, BKNG returned 20.82%/yr vs 4.71%/yr for BOXX. At a 0.01 correlation, their price movements are largely independent.
Performance
BKNG vs. BOXX - Performance Comparison
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Returns By Period
In the year-to-date period, BKNG achieves a -14.98% return, which is significantly lower than BOXX's 1.71% return.
BKNG
- 1D
- 7.29%
- 1M
- 12.82%
- YTD
- -14.98%
- 6M
- -16.41%
- 1Y
- -16.65%
- 3Y*
- 20.82%
- 5Y*
- 15.19%
- 10Y*
- 14.15%
BOXX
- 1D
- 0.01%
- 1M
- 0.17%
- YTD
- 1.71%
- 6M
- 1.83%
- 1Y
- 3.96%
- 3Y*
- 4.71%
- 5Y*
- —
- 10Y*
- —
BKNG vs. BOXX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
BKNG Booking Holdings Inc. | -14.98% | 8.59% | 41.31% | 76.02% | 0.85% |
BOXX Alpha Architect 1-3 Month Box ETF | 1.71% | 4.37% | 5.16% | 5.04% | 0.07% |
Correlation
The correlation between BKNG and BOXX is -0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since Dec 28, 2022 | 0.01 |
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Return for Risk
BKNG vs. BOXX — Risk / Return Rank
BKNG
BOXX
BKNG vs. BOXX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Booking Holdings Inc. (BKNG) and Alpha Architect 1-3 Month Box ETF (BOXX). 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 | BOXX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -12.88 | ||
| Sortino ratioReturn per unit of downside risk | -35.47 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 8.67 | -7.74 |
| Calmar ratioReturn relative to maximum drawdown | -0.50 | 57.81 | -58.31 |
| Martin ratioReturn relative to average drawdown | -0.93 | 493.36 | -494.29 |
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Drawdowns
BKNG vs. BOXX - Drawdown Comparison
The maximum BKNG drawdown since its inception was -99.32%, which is greater than BOXX's maximum drawdown of -0.12%. Use the drawdown chart below to compare losses from any high point for BKNG and BOXX.
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Drawdown Indicators
| BKNG | BOXX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.32% | -0.12% | -99.20% |
Max Drawdown (1Y)Largest decline over 1 year | -33.35% | -0.07% | -33.28% |
Max Drawdown (3Y)Largest decline over 3 years | -33.35% | -0.12% | -33.23% |
Max Drawdown (5Y)Largest decline over 5 years | -39.53% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -47.77% | — | — |
Current DrawdownCurrent decline from peak | -21.43% | -0.01% | -21.42% |
Average DrawdownAverage peak-to-trough decline | -47.03% | -0.00% | -47.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.02% | 0.01% | +18.01% |
Volatility
BKNG vs. BOXX - Volatility Comparison
Booking Holdings Inc. (BKNG) has a higher volatility of 11.37% compared to Alpha Architect 1-3 Month Box ETF (BOXX) at 0.10%. This indicates that BKNG's price experiences larger fluctuations and is considered to be riskier than BOXX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BKNG | BOXX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.37% | 0.10% | +11.27% |
Volatility (6M)Calculated over the trailing 6-month period | 28.36% | 0.26% | +28.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.30% | 0.32% | +32.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.56% | 0.37% | +32.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.39% | 0.37% | +32.02% |
Dividends
BKNG vs. BOXX - Dividend Comparison
BKNG's dividend yield for the trailing twelve months is around 0.89%, while BOXX has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
BKNG Booking Holdings Inc. | 0.89% | 0.72% | 0.70% |
BOXX Alpha Architect 1-3 Month Box ETF | 0.00% | 0.00% | 0.26% |
Frequently Asked Questions
BKNG and BOXX have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BKNG has higher volatility (11.37%) compared to BOXX (0.10%). In terms of maximum drawdown, BKNG dropped -99.32% vs BOXX's -0.12%.
BOXX currently has the higher Sharpe Ratio (12.38 vs -0.50), 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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