BKNG vs. USD
BKNG (Booking Holdings Inc.) is a stock, while USD (ProShares Ultra Semiconductors) is Leveraged Equities fund tracking the Dow Jones U.S. Semiconductors Index (200%). Over the past 10 years, BKNG returned 12.44%/yr vs 60.21%/yr for USD. At a 0.47 correlation, their price movements are largely independent.
Performance
BKNG vs. USD - 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 USD's 86.87% return. Over the past 10 years, BKNG has underperformed USD with an annualized return of 12.44%, while USD has yielded a comparatively higher 60.21% 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%
USD
- 1D
- 2.08%
- 1M
- -6.17%
- YTD
- 86.87%
- 6M
- 97.77%
- 1Y
- 222.89%
- 3Y*
- 111.11%
- 5Y*
- 65.02%
- 10Y*
- 60.21%
BKNG vs. USD - 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% |
USD ProShares Ultra Semiconductors | 86.87% | 62.08% | 139.64% | 228.79% | -68.57% | 104.27% | 68.16% | 110.37% | -26.88% | 81.72% |
Correlation
The correlation between BKNG and USD is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.34 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.42 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.45 |
Correlation (All Time) Calculated using the full available price history since Feb 1, 2007 | 0.47 |
Over the past year, the correlation between BKNG and USD has dropped to 0.13 - well below their long-term average of 0.47, suggesting their price drivers have been diverging.
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Return for Risk
BKNG vs. USD — Risk / Return Rank
BKNG
USD
BKNG vs. USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Booking Holdings Inc. (BKNG) and ProShares Ultra Semiconductors (USD). 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 | USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.95 | ||
| Sortino ratioReturn per unit of downside risk | -3.98 | ||
| Omega ratioGain probability vs. loss probability | 0.89 | 1.41 | -0.53 |
| Calmar ratioReturn relative to maximum drawdown | -0.72 | 6.58 | -7.30 |
| Martin ratioReturn relative to average drawdown | -1.36 | 18.43 | -19.79 |
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Drawdowns
BKNG vs. USD - Drawdown Comparison
The maximum BKNG drawdown since its inception was -99.32%, which is greater than USD's maximum drawdown of -88.63%. Use the drawdown chart below to compare losses from any high point for BKNG and USD.
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Drawdown Indicators
| BKNG | USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.32% | -88.63% | -10.69% |
Max Drawdown (1Y)Largest decline over 1 year | -33.35% | -31.80% | -1.55% |
Max Drawdown (3Y)Largest decline over 3 years | -33.35% | -64.46% | +31.11% |
Max Drawdown (5Y)Largest decline over 5 years | -39.53% | -77.85% | +38.32% |
Max Drawdown (10Y)Largest decline over 10 years | -47.77% | -77.85% | +30.08% |
Current DrawdownCurrent decline from peak | -28.50% | -13.67% | -14.83% |
Average DrawdownAverage peak-to-trough decline | -47.05% | -32.32% | -14.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.53% | 11.34% | +6.19% |
Volatility
BKNG vs. USD - Volatility Comparison
The current volatility for Booking Holdings Inc. (BKNG) is 6.54%, while ProShares Ultra Semiconductors (USD) has a volatility of 29.56%. This indicates that BKNG experiences smaller price fluctuations and is considered to be less risky than USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BKNG | USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.54% | 29.56% | -23.02% |
Volatility (6M)Calculated over the trailing 6-month period | 26.83% | 52.44% | -25.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.94% | 65.34% | -33.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.26% | 77.19% | -44.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.45% | 69.61% | -37.16% |
Dividends
BKNG vs. USD - Dividend Comparison
BKNG's dividend yield for the trailing twelve months is around 0.97%, more than USD's 0.25% 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% |
USD ProShares Ultra Semiconductors | 0.25% | 0.39% | 0.10% | 0.05% | 0.30% | 0.00% | 0.14% | 0.72% | 0.93% | 0.32% | 0.46% | 0.39% |
Frequently Asked Questions
BKNG and USD have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
USD has higher volatility (29.56%) compared to BKNG (6.54%). In terms of maximum drawdown, BKNG dropped -99.32% vs USD's -88.63%.
USD currently has the higher Sharpe Ratio (3.20 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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