BKNG vs. LECO
BKNG (Booking Holdings Inc.) and LECO (Lincoln Electric Holdings, Inc.) are both stocks. BKNG operates in Travel Services (Consumer Cyclical), while LECO operates in Tools & Accessories (Industrials). Over the past 10 years, BKNG returned 12.44%/yr vs 17.79%/yr for LECO. At a 0.36 correlation, their price movements are largely independent.
Performance
BKNG vs. LECO - 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 LECO's 8.12% return. Over the past 10 years, BKNG has underperformed LECO with an annualized return of 12.44%, while LECO has yielded a comparatively higher 17.79% 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%
LECO
- 1D
- 0.19%
- 1M
- -2.64%
- YTD
- 8.12%
- 6M
- 6.64%
- 1Y
- 28.05%
- 3Y*
- 11.30%
- 5Y*
- 16.64%
- 10Y*
- 17.79%
BKNG vs. LECO - 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% |
LECO Lincoln Electric Holdings, Inc. | 8.12% | 29.63% | -12.55% | 52.61% | 5.42% | 21.89% | 22.97% | 25.41% | -12.24% | 21.37% |
Correlation
The correlation between BKNG and LECO is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.38 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.40 |
Correlation (All Time) Calculated using the full available price history since Mar 31, 1999 | 0.36 |
Over the past year, the correlation between BKNG and LECO has dropped to 0.14 - well below their long-term average of 0.36, suggesting their price drivers have been diverging.
Fundamentals
BKNG:
$130.96B
LECO:
$14.29B
BKNG:
$7.60
LECO:
$9.68
BKNG:
21.71
LECO:
26.67
BKNG:
0.32
LECO:
1.16
BKNG:
4.82
LECO:
3.30
BKNG:
$27.69B
LECO:
$4.35B
BKNG:
$22.16B
LECO:
$1.57B
BKNG:
$9.27B
LECO:
$807.88M
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Return for Risk
BKNG vs. LECO — Risk / Return Rank
BKNG
LECO
BKNG vs. LECO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Booking Holdings Inc. (BKNG) and Lincoln Electric Holdings, Inc. (LECO). 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 | LECO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.79 | ||
| Sortino ratioReturn per unit of downside risk | -2.60 | ||
| Omega ratioGain probability vs. loss probability | 0.89 | 1.20 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | -0.72 | 1.40 | -2.12 |
| Martin ratioReturn relative to average drawdown | -1.36 | 3.68 | -5.04 |
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Drawdowns
BKNG vs. LECO - Drawdown Comparison
The maximum BKNG drawdown since its inception was -99.32%, which is greater than LECO's maximum drawdown of -68.89%. Use the drawdown chart below to compare losses from any high point for BKNG and LECO.
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Drawdown Indicators
| BKNG | LECO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.32% | -68.89% | -30.43% |
Max Drawdown (1Y)Largest decline over 1 year | -33.35% | -20.09% | -13.26% |
Max Drawdown (3Y)Largest decline over 3 years | -33.35% | -34.29% | +0.94% |
Max Drawdown (5Y)Largest decline over 5 years | -39.53% | -34.29% | -5.24% |
Max Drawdown (10Y)Largest decline over 10 years | -47.77% | -38.89% | -8.88% |
Current DrawdownCurrent decline from peak | -28.50% | -13.31% | -15.19% |
Average DrawdownAverage peak-to-trough decline | -47.05% | -13.51% | -33.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.53% | 7.64% | +9.89% |
Volatility
BKNG vs. LECO - Volatility Comparison
The current volatility for Booking Holdings Inc. (BKNG) is 6.54%, while Lincoln Electric Holdings, Inc. (LECO) has a volatility of 8.61%. This indicates that BKNG experiences smaller price fluctuations and is considered to be less risky than LECO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BKNG | LECO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.54% | 8.61% | -2.07% |
Volatility (6M)Calculated over the trailing 6-month period | 26.83% | 20.20% | +6.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.94% | 27.05% | +4.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.26% | 26.66% | +5.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.45% | 27.43% | +5.02% |
Dividends
BKNG vs. LECO - Dividend Comparison
BKNG's dividend yield for the trailing twelve months is around 0.97%, less than LECO's 1.19% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BKNG Booking Holdings Inc. | 0.97% | 0.72% | 0.70% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
LECO Lincoln Electric Holdings, Inc. | 1.19% | 1.27% | 1.54% | 1.21% | 1.61% | 1.50% | 1.70% | 1.96% | 2.08% | 1.57% | 1.71% | 2.29% |
Financials
BKNG vs. LECO - Financials Comparison
This section allows you to compare key financial metrics between Booking Holdings Inc. and Lincoln Electric Holdings, 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. LECO - 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%.
LECO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Lincoln Electric Holdings, Inc. reported a gross profit of 399.13M and revenue of 1.12B. Therefore, the gross margin over that period was 35.6%.
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%.
LECO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Lincoln Electric Holdings, Inc. reported an operating income of 186.16M and revenue of 1.12B, resulting in an operating margin of 16.6%.
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%.
LECO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Lincoln Electric Holdings, Inc. reported a net income of 136.38M and revenue of 1.12B, resulting in a net margin of 12.2%.
Frequently Asked Questions
BKNG and LECO have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LECO has higher volatility (8.61%) compared to BKNG (6.54%). In terms of maximum drawdown, BKNG dropped -99.32% vs LECO's -68.89%.
LECO currently has the higher Sharpe Ratio (1.04 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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