BKNG vs. EXPE

Last updated Jun 4, 2026

BKNG (Booking Holdings Inc.) and EXPE (Expedia Group, Inc.) are both stocks. Both operate in the Travel Services industry within the Consumer Cyclical sector. Over the past 10 years, BKNG returned 12.42%/yr vs 7.99%/yr for EXPE. A 0.58 correlation means they provide meaningful diversification when combined.

Performance

BKNG vs. EXPE - Performance Comparison

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

Returns By Period

In the year-to-date period, BKNG achieves a -22.90% return, which is significantly lower than EXPE's -20.10% return. Over the past 10 years, BKNG has outperformed EXPE with an annualized return of 12.42%, while EXPE has yielded a comparatively lower 7.99% annualized return.

BKNG

• 1D: -1.45%
• 1M: -0.48%
• YTD: -22.90%
• 6M: -18.04%
• 1Y: -24.18%
• 3Y*: 16.92%
• 5Y*: 12.63%
• 10Y*: 12.42%

EXPE

• 1D: -0.42%
• 1M: -8.36%
• YTD: -20.10%
• 6M: -13.73%
• 1Y: 34.73%
• 3Y*: 30.25%
• 5Y*: 5.89%
• 10Y*: 7.99%

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

BKNG vs. EXPE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BKNG Booking Holdings Inc.	-22.90%	8.59%	41.31%	76.02%	-16.00%	7.72%	8.45%	19.24%	-0.88%	18.53%
EXPE Expedia Group, Inc.	-20.10%	53.27%	22.76%	73.28%	-51.53%	36.50%	22.89%	-2.90%	-4.96%	6.66%

Correlation

The correlation between BKNG and EXPE is 0.64, 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	0.64
Correlation (3Y) Calculated over the trailing 3-year period	0.61
Correlation (5Y) Calculated over the trailing 5-year period	0.69
Correlation (10Y) Calculated over the trailing 10-year period	0.65
Correlation (All Time) Calculated using the full available price history since Jul 22, 2005	0.58

The correlation between BKNG and EXPE shifts across timeframes, from 0.58 (all time) to 0.69 (5 years), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap BKNG : $130.84B EXPE : $27.46B
EPS BKNG : $7.60 EXPE : $12.11
PE Ratio BKNG : 21.68 EXPE : 18.61
PEG Ratio BKNG : 0.32 EXPE : 0.41
PS Ratio BKNG : 4.82 EXPE : 1.91
Total Revenue (TTM) BKNG : $27.69B EXPE : $15.17B
Gross Profit (TTM) BKNG : $22.16B EXPE : $13.48B
EBITDA (TTM) BKNG : $9.27B EXPE : $2.94B

Return for Risk

BKNG vs. EXPE — 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: 13
BKNG Martin Ratio Rank: 7

EXPE

EXPE Risk / Return Rank: 62
EXPE Sharpe Ratio Rank: 64
EXPE Sortino Ratio Rank: 61
EXPE Omega Ratio Rank: 61
EXPE Calmar Ratio Rank: 60
EXPE Martin Ratio Rank: 62

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. EXPE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Booking Holdings Inc. (BKNG) and Expedia Group, Inc. (EXPE). 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	EXPE	Difference
Sharpe ratio Return per unit of total volatility	-0.76	0.75	-1.52
Sortino ratio Return per unit of downside risk	-0.96	1.35	-2.30
Omega ratio Gain probability vs. loss probability	0.88	1.18	-0.29
Calmar ratio Return relative to maximum drawdown	-0.73	0.93	-1.66
Martin ratio Return relative to average drawdown	-1.44	2.45	-3.89
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. EXPE - Sharpe Ratio Comparison

The current BKNG Sharpe Ratio is -0.76, which is lower than the EXPE Sharpe Ratio of 0.75. The chart below compares the historical Sharpe Ratios of BKNG and EXPE, 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	EXPE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.76	0.75	-1.52
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.39	0.13	+0.26
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.38	0.18	+0.20
Sharpe Ratio (All Time) Calculated using the full available price history	0.14	0.28	-0.14

Drawdowns

BKNG vs. EXPE - Drawdown Comparison

The maximum BKNG drawdown since its inception was -99.32%, which is greater than EXPE's maximum drawdown of -82.73%. Use the drawdown chart below to compare losses from any high point for BKNG and EXPE.

Drawdown Indicators

	BKNG	EXPE	Difference
Max Drawdown Largest peak-to-trough decline	-99.32%	-82.73%	-16.59%
Max Drawdown (1Y) Largest decline over 1 year	-33.35%	-37.44%	+4.09%
Max Drawdown (3Y) Largest decline over 3 years	-33.35%	-37.44%	+4.09%
Max Drawdown (5Y) Largest decline over 5 years	-39.53%	-60.86%	+21.33%
Max Drawdown (10Y) Largest decline over 10 years	-47.77%	-70.51%	+22.74%
Current Drawdown Current decline from peak	-28.75%	-24.87%	-3.88%
Average Drawdown Average peak-to-trough decline	-47.08%	-23.32%	-23.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.88%	14.18%	+2.70%

Volatility

BKNG vs. EXPE - Volatility Comparison

The current volatility for Booking Holdings Inc. (BKNG) is 9.21%, while Expedia Group, Inc. (EXPE) has a volatility of 11.98%. This indicates that BKNG experiences smaller price fluctuations and is considered to be less risky than EXPE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BKNG	EXPE	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.21%	11.98%	-2.77%
Volatility (6M) Calculated over the trailing 6-month period	27.33%	36.35%	-9.02%
Volatility (1Y) Calculated over the trailing 1-year period	31.79%	46.40%	-14.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.22%	45.76%	-13.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.46%	43.83%	-11.37%

Dividends

BKNG vs. EXPE - Dividend Comparison

BKNG's dividend yield for the trailing twelve months is around 0.95%, more than EXPE's 0.78% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BKNG Booking Holdings Inc.	0.95%	0.72%	0.70%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
EXPE Expedia Group, Inc.	0.78%	0.56%	0.00%	0.00%	0.00%	0.00%	0.26%	1.22%	1.10%	0.97%	0.88%	0.68%

Financials

BKNG vs. EXPE - Profitability Comparison

The chart below illustrates the profitability comparison between Booking Holdings Inc. and Expedia Group, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

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%.

EXPE - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Expedia Group, Inc. reported a gross profit of 3.05B and revenue of 3.43B. Therefore, the gross margin over that period was 89.0%.

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%.

EXPE - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Expedia Group, Inc. reported an operating income of 251.00M and revenue of 3.43B, resulting in an operating margin of 7.3%.

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%.

EXPE - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Expedia Group, Inc. reported a net income of 62.00M and revenue of 3.43B, resulting in a net margin of 1.8%.

Frequently Asked Questions

Can I hold both BKNG and EXPE in my portfolio?

BKNG and EXPE have a correlation of 0.64, 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 EXPE?

EXPE has higher volatility (11.98%) compared to BKNG (9.21%). In terms of maximum drawdown, BKNG dropped -99.32% vs EXPE's -82.73%.

Which has better risk-adjusted returns?

EXPE currently has the higher Sharpe Ratio (0.75 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.