BKNG vs. FANG
BKNG (Booking Holdings Inc.) and FANG (Diamondback Energy, Inc.) are both stocks. BKNG operates in Travel Services (Consumer Cyclical), while FANG operates in Oil & Gas E&P (Energy). Over the past 10 years, BKNG returned 12.44%/yr vs 10.83%/yr for FANG. At a 0.26 correlation, their price movements are largely independent.
Performance
BKNG vs. FANG - 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 FANG's 29.28% return. Over the past 10 years, BKNG has outperformed FANG with an annualized return of 12.44%, while FANG has yielded a comparatively lower 10.83% annualized return.
BKNG
- 1D
- 0.83%
- 1M
- 7.04%
- YTD
- -22.63%
- 6M
- -21.85%
- 1Y
- -21.52%
- 3Y*
- 17.23%
- 5Y*
- 12.82%
- 10Y*
- 12.44%
FANG
- 1D
- 0.28%
- 1M
- -4.06%
- YTD
- 29.28%
- 6M
- 24.04%
- 1Y
- 27.23%
- 3Y*
- 18.15%
- 5Y*
- 22.17%
- 10Y*
- 10.83%
BKNG vs. FANG - 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% |
FANG Diamondback Energy, Inc. | 29.28% | -5.64% | 10.35% | 19.66% | 35.34% | 127.51% | -46.00% | 0.92% | -26.35% | 24.93% |
Correlation
The correlation between BKNG and FANG is -0.15, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.00 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.17 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Oct 12, 2012 | 0.26 |
The correlation between BKNG and FANG shifts across timeframes, from -0.15 (1 year) to 0.26 (all time), reflecting how their relationship changes across market environments.
Fundamentals
BKNG:
$130.96B
FANG:
$54.33B
BKNG:
$7.60
FANG:
$1.40
BKNG:
21.71
FANG:
137.12
BKNG:
4.82
FANG:
3.64
BKNG:
$27.69B
FANG:
$15.19B
BKNG:
$22.16B
FANG:
$7.30B
BKNG:
$9.27B
FANG:
$5.54B
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Return for Risk
BKNG vs. FANG — Risk / Return Rank
BKNG
FANG
BKNG vs. FANG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Booking Holdings Inc. (BKNG) and Diamondback Energy, Inc. (FANG). 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 | FANG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.77 | ||
| Sortino ratioReturn per unit of downside risk | -2.45 | ||
| Omega ratioGain probability vs. loss probability | 0.89 | 1.18 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | -0.72 | 2.56 | -3.28 |
| Martin ratioReturn relative to average drawdown | -1.36 | 4.99 | -6.35 |
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Drawdowns
BKNG vs. FANG - Drawdown Comparison
The maximum BKNG drawdown since its inception was -99.32%, which is greater than FANG's maximum drawdown of -88.72%. Use the drawdown chart below to compare losses from any high point for BKNG and FANG.
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Drawdown Indicators
| BKNG | FANG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.32% | -88.72% | -10.60% |
Max Drawdown (1Y)Largest decline over 1 year | -33.35% | -12.53% | -20.82% |
Max Drawdown (3Y)Largest decline over 3 years | -33.35% | -42.10% | +8.75% |
Max Drawdown (5Y)Largest decline over 5 years | -39.53% | -42.10% | +2.57% |
Max Drawdown (10Y)Largest decline over 10 years | -47.77% | -88.72% | +40.95% |
Current DrawdownCurrent decline from peak | -28.50% | -9.59% | -18.91% |
Average DrawdownAverage peak-to-trough decline | -47.05% | -19.37% | -27.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.53% | 6.43% | +11.10% |
Volatility
BKNG vs. FANG - Volatility Comparison
The current volatility for Booking Holdings Inc. (BKNG) is 6.54%, while Diamondback Energy, Inc. (FANG) has a volatility of 11.03%. This indicates that BKNG experiences smaller price fluctuations and is considered to be less risky than FANG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BKNG | FANG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.54% | 11.03% | -4.49% |
Volatility (6M)Calculated over the trailing 6-month period | 26.83% | 24.10% | +2.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.94% | 31.48% | +0.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.26% | 37.99% | -5.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.45% | 49.05% | -16.60% |
Dividends
BKNG vs. FANG - Dividend Comparison
BKNG's dividend yield for the trailing twelve months is around 0.97%, less than FANG's 2.16% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
BKNG Booking Holdings Inc. | 0.97% | 0.72% | 0.70% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FANG Diamondback Energy, Inc. | 2.16% | 2.66% | 5.06% | 5.15% | 6.55% | 1.62% | 3.10% | 0.74% | 0.40% |
Financials
BKNG vs. FANG - Financials Comparison
This section allows you to compare key financial metrics between Booking Holdings Inc. and Diamondback Energy, 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. FANG - 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%.
FANG - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Diamondback Energy, Inc. reported a gross profit of 3.85B and revenue of 4.24B. Therefore, the gross margin over that period was 90.9%.
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%.
FANG - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Diamondback Energy, Inc. reported an operating income of 30.00M and revenue of 4.24B, resulting in an operating margin of 0.7%.
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%.
FANG - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Diamondback Energy, Inc. reported a net income of 144.00M and revenue of 4.24B, resulting in a net margin of 3.4%.
Frequently Asked Questions
BKNG and FANG have a correlation of -0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FANG has higher volatility (11.03%) compared to BKNG (6.54%). In terms of maximum drawdown, BKNG dropped -99.32% vs FANG's -88.72%.
FANG currently has the higher Sharpe Ratio (1.02 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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