BKNG vs. CPAY
BKNG (Booking Holdings Inc.) and CPAY (Corpay, Inc.) are both stocks. BKNG operates in Travel Services (Consumer Cyclical), while CPAY operates in Software - Infrastructure (Technology). Over the past 10 years, BKNG returned 12.44%/yr vs 9.48%/yr for CPAY. At a 0.44 correlation, their price movements are largely independent.
Performance
BKNG vs. CPAY - Performance Comparison
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Returns By Period
In the year-to-date period, BKNG achieves a -22.63% return, which is significantly lower than CPAY's 18.34% return. Over the past 10 years, BKNG has outperformed CPAY with an annualized return of 12.44%, while CPAY has yielded a comparatively lower 9.48% annualized return.
BKNG
- 1D
- 0.83%
- 1M
- 6.66%
- YTD
- -22.63%
- 6M
- -21.85%
- 1Y
- -23.87%
- 3Y*
- 17.23%
- 5Y*
- 12.82%
- 10Y*
- 12.44%
CPAY
- 1D
- 1.50%
- 1M
- 7.50%
- YTD
- 18.34%
- 6M
- 12.66%
- 1Y
- 1.73%
- 3Y*
- 14.01%
- 5Y*
- 5.55%
- 10Y*
- 9.48%
BKNG vs. CPAY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BKNG Booking Holdings Inc. | -22.63% | 8.59% | 41.31% | 76.02% | -16.00% | 7.72% | 8.45% | 19.24% | -0.88% | 18.53% |
CPAY Corpay, Inc. | 18.34% | -11.08% | 19.75% | 53.86% | -17.94% | -17.96% | -5.18% | 54.92% | -3.49% | 35.97% |
Correlation
The correlation between BKNG and CPAY is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.34 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.43 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.45 |
Correlation (All Time) Calculated using the full available price history since Dec 15, 2010 | 0.44 |
The correlation between BKNG and CPAY shifts across timeframes, from 0.30 (1 year) to 0.45 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
BKNG:
$130.96B
CPAY:
$24.37B
BKNG:
$7.60
CPAY:
$16.74
BKNG:
21.71
CPAY:
21.27
BKNG:
0.32
CPAY:
1.98
BKNG:
4.82
CPAY:
5.23
BKNG:
$27.69B
CPAY:
$4.78B
BKNG:
$22.16B
CPAY:
$2.57B
BKNG:
$9.27B
CPAY:
$2.55B
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Return for Risk
BKNG vs. CPAY — Risk / Return Rank
BKNG
CPAY
BKNG vs. CPAY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Booking Holdings Inc. (BKNG) and Corpay, Inc. (CPAY). 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 | CPAY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.80 | ||
| Sortino ratioReturn per unit of downside risk | -1.28 | ||
| Omega ratioGain probability vs. loss probability | 0.89 | 1.04 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | -0.72 | 0.07 | -0.79 |
| Martin ratioReturn relative to average drawdown | -1.36 | 0.15 | -1.52 |
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Drawdowns
BKNG vs. CPAY - Drawdown Comparison
The maximum BKNG drawdown since its inception was -99.32%, which is greater than CPAY's maximum drawdown of -50.13%. Use the drawdown chart below to compare losses from any high point for BKNG and CPAY.
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Drawdown Indicators
| BKNG | CPAY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.32% | -50.13% | -49.19% |
Max Drawdown (1Y)Largest decline over 1 year | -33.35% | -25.90% | -7.45% |
Max Drawdown (3Y)Largest decline over 3 years | -33.35% | -34.54% | +1.19% |
Max Drawdown (5Y)Largest decline over 5 years | -39.53% | -41.63% | +2.10% |
Max Drawdown (10Y)Largest decline over 10 years | -47.77% | -50.13% | +2.36% |
Current DrawdownCurrent decline from peak | -28.50% | -8.58% | -19.92% |
Average DrawdownAverage peak-to-trough decline | -47.05% | -13.33% | -33.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.53% | 12.35% | +5.18% |
Volatility
BKNG vs. CPAY - Volatility Comparison
The current volatility for Booking Holdings Inc. (BKNG) is 6.54%, while Corpay, Inc. (CPAY) has a volatility of 9.20%. This indicates that BKNG experiences smaller price fluctuations and is considered to be less risky than CPAY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BKNG | CPAY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.54% | 9.20% | -2.66% |
Volatility (6M)Calculated over the trailing 6-month period | 26.83% | 29.53% | -2.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.94% | 37.70% | -5.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.26% | 32.43% | -0.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.45% | 32.93% | -0.48% |
Dividends
BKNG vs. CPAY - Dividend Comparison
BKNG's dividend yield for the trailing twelve months is around 0.97%, while CPAY has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
BKNG Booking Holdings Inc. | 0.97% | 0.72% | 0.70% |
CPAY Corpay, Inc. | 0.00% | 0.00% | 0.00% |
Financials
BKNG vs. CPAY - Financials Comparison
This section allows you to compare key financial metrics between Booking Holdings Inc. and Corpay, Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
BKNG vs. CPAY - Profitability Comparison
BKNG - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Booking Holdings Inc. reported a gross profit of 0.00 and revenue of 5.53B. Therefore, the gross margin over that period was 0.0%.
CPAY - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Corpay, Inc. reported a gross profit of 0.00 and revenue of 1.26B. Therefore, the gross margin over that period was 0.0%.
BKNG - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Booking Holdings Inc. reported an operating income of 1.27B and revenue of 5.53B, resulting in an operating margin of 23.0%.
CPAY - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Corpay, Inc. reported an operating income of 636.17M and revenue of 1.26B, resulting in an operating margin of 50.5%.
BKNG - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Booking Holdings Inc. reported a net income of 1.08B and revenue of 5.53B, resulting in a net margin of 19.6%.
CPAY - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Corpay, Inc. reported a net income of 350.07M and revenue of 1.26B, resulting in a net margin of 27.8%.
Frequently Asked Questions
BKNG and CPAY have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CPAY has higher volatility (9.20%) compared to BKNG (6.54%). In terms of maximum drawdown, BKNG dropped -99.32% vs CPAY's -50.13%.
CPAY currently has the higher Sharpe Ratio (0.05 vs -0.75), 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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