TCOM vs. BKNG
TCOM (Trip.com Group Limited) and BKNG (Booking Holdings Inc.) are both stocks. Both operate in the Travel Services industry within the Consumer Cyclical sector. Over the past 10 years, TCOM returned 1.45%/yr vs 13.35%/yr for BKNG. At a 0.37 correlation, their price movements are largely independent.
Performance
TCOM vs. BKNG - Performance Comparison
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Returns By Period
In the year-to-date period, TCOM achieves a -36.73% return, which is significantly lower than BKNG's -20.76% return. Over the past 10 years, TCOM has underperformed BKNG with an annualized return of 1.45%, while BKNG has yielded a comparatively higher 13.35% annualized return.
TCOM
- 1D
- -1.98%
- 1M
- -1.88%
- YTD
- -36.73%
- 6M
- -37.22%
- 1Y
- -21.02%
- 3Y*
- 10.08%
- 5Y*
- 4.46%
- 10Y*
- 1.45%
BKNG
- 1D
- 0.70%
- 1M
- 5.16%
- YTD
- -20.76%
- 6M
- -21.98%
- 1Y
- -20.14%
- 3Y*
- 18.02%
- 5Y*
- 13.94%
- 10Y*
- 13.35%
TCOM vs. BKNG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TCOM Trip.com Group Limited | -36.73% | 5.24% | 90.67% | 4.68% | 39.72% | -27.01% | 0.57% | 23.95% | -38.64% | 10.25% |
BKNG Booking Holdings Inc. | -20.76% | 8.59% | 41.31% | 76.02% | -16.00% | 7.72% | 8.45% | 19.24% | -0.88% | 18.53% |
Correlation
The correlation between TCOM and BKNG is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.33 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Dec 9, 2003 | 0.37 |
The correlation between TCOM and BKNG shifts across timeframes, from 0.23 (1 year) to 0.38 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
TCOM:
$31.87B
BKNG:
$134.14B
TCOM:
CN¥47.68
BKNG:
$7.60
TCOM:
6.46
BKNG:
22.23
TCOM:
0.04
BKNG:
0.33
TCOM:
3.45
BKNG:
4.94
TCOM:
CN¥62.20B
BKNG:
$27.69B
TCOM:
CN¥50.12B
BKNG:
$22.16B
TCOM:
CN¥34.17B
BKNG:
$9.27B
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Return for Risk
TCOM vs. BKNG — Risk / Return Rank
TCOM
BKNG
TCOM vs. BKNG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Trip.com Group Limited (TCOM) and Booking Holdings Inc. (BKNG). 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.
| TCOM | BKNG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.03 | ||
| Sortino ratioReturn per unit of downside risk | +0.08 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 0.91 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | -0.49 | -0.61 | +0.11 |
| Martin ratioReturn relative to average drawdown | -0.93 | -1.12 | +0.20 |
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Drawdowns
TCOM vs. BKNG - Drawdown Comparison
The maximum TCOM drawdown since its inception was -76.34%, smaller than the maximum BKNG drawdown of -99.32%. Use the drawdown chart below to compare losses from any high point for TCOM and BKNG.
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Drawdown Indicators
| TCOM | BKNG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.34% | -99.32% | +22.98% |
Max Drawdown (1Y)Largest decline over 1 year | -42.88% | -33.35% | -9.53% |
Max Drawdown (3Y)Largest decline over 3 years | -42.88% | -33.35% | -9.53% |
Max Drawdown (5Y)Largest decline over 5 years | -53.12% | -39.53% | -13.59% |
Max Drawdown (10Y)Largest decline over 10 years | -71.96% | -47.77% | -24.19% |
Current DrawdownCurrent decline from peak | -42.38% | -26.77% | -15.61% |
Average DrawdownAverage peak-to-trough decline | -27.85% | -47.03% | +19.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.72% | 17.97% | +4.75% |
Volatility
TCOM vs. BKNG - Volatility Comparison
The current volatility for Trip.com Group Limited (TCOM) is 8.65%, while Booking Holdings Inc. (BKNG) has a volatility of 9.15%. This indicates that TCOM experiences smaller price fluctuations and is considered to be less risky than BKNG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TCOM | BKNG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.65% | 9.15% | -0.50% |
Volatility (6M)Calculated over the trailing 6-month period | 28.01% | 27.45% | +0.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 36.05% | 32.48% | +3.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 49.19% | 32.40% | +16.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 44.30% | 32.32% | +11.98% |
Dividends
TCOM vs. BKNG - Dividend Comparison
TCOM has not paid dividends to shareholders, while BKNG's dividend yield for the trailing twelve months is around 0.95%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
BKNG Booking Holdings Inc. | 0.95% | 0.72% | 0.70% |
TCOM Trip.com Group Limited | 0.00% | 0.42% | 0.00% |
Financials
TCOM vs. BKNG - Financials Comparison
This section allows you to compare key financial metrics between Trip.com Group Limited and Booking 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
TCOM vs. BKNG - Profitability Comparison
TCOM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Trip.com Group Limited reported a gross profit of 11.99B and revenue of 15.19B. Therefore, the gross margin over that period was 79.0%.
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%.
TCOM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Trip.com Group Limited reported an operating income of 2.50B and revenue of 15.19B, resulting in an operating margin of 16.5%.
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%.
TCOM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Trip.com Group Limited reported a net income of 4.22B and revenue of 15.19B, resulting in a net margin of 27.8%.
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%.
Frequently Asked Questions
TCOM and BKNG have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BKNG has higher volatility (9.15%) compared to TCOM (8.65%). In terms of maximum drawdown, TCOM dropped -76.34% vs BKNG's -99.32%.
TCOM currently has the higher Sharpe Ratio (-0.59 vs -0.62), 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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