BetterThanSPY

Relative Intelligence · Travel Services

How Airbnb (ABNB) compares with the whole market and its popular alternatives

Built by QuantCommons' quantitative engine, this page is about relative opportunity, not data on ABNB alone. It places ABNB (Airbnb, Inc.) against 10 popular alternatives, its neighboring categories and the entire market of over 10,000 U.S.-listed stocks and ETFs, and surfaces what has done better on consistent outperformance, return for the risk taken, behavior in real market crashes and diversification. The result is a clearer view of where ABNB stands in the market, and of the alternatives worth a closer look.

Period covered: ABNB's full trading record, from December 2020 through September 2026. The crash tests reach back to 2000 using older funds and the S&P 500. All returns include reinvested dividends. Data as of October 22, 2026.

Data as of October 22, 2026. Full tables and charts read best on a larger screen.

Rank the market against ABNB →Chart ABNB vs. 10 alternatives →

This page answers the following questions about ABNB

Key findings

Not AI-generated

These key findings are generated by our proprietary relative intelligence engine, directly from the data on this page.

How much would $10,000 in ABNB have grown?

This chart tracks a hypothetical $10,000 investment in ABNB over the past 5 years, with dividends reinvested, alongside the same amount in the S&P 500, investments that ended ahead of ABNB over the same span and ABNB's popular alternatives, among those that traded for the entire period. It shows not only where each investment ended up but also how smooth or uneven the path was.

Note: ABNB began trading on December 10, 2020, so the chart cannot reach back to the dot-com bust, the 2008 financial crisis or six other sell-offs. It covers the most recent 5 years of ABNB's record, starting at the end of September 2021.

From the end of September 2021 to the end of September 2026. Hover over a fund in the key to pick out its line. 2,648 of the 3,630 stocks and funds worth at least $500 million that traded the whole period ended ahead of ABNB; the chart shows 5, closest alternatives first. The other 3 lines are popular alternatives, shown for context.

$0$10,000$20,000$30,000$40,000$50,000202120222023202420252026$0$10,000$20,000$30,000$40,000$50,000202120222023202420252026
  • MAR$25,049+150% total · +20.2% a year
  • HLT$24,416+144% total · +19.5% a year
  • H$20,871+109% total · +15.9% a year
  • SPY (S&P 500)$19,000+90.0% total · +13.7% a year
  • BKNG$17,565+75.6% total · +11.9% a year
  • MMYT$17,359+73.6% total · +11.7% a year
  • EXPE$16,292+62.9% total · +10.3% a year
  • TCOM$12,773+27.7% total · +5.0% a year
  • ABNB$9,577−4.2% total · −0.9% a year
  • VAC$7,631−23.7% total · −5.3% a year
Change the dates or add tickers to this chart in EasyCompare

ABNB at a glance

This section summarizes the key facts about the stock, its returns over periods from one to ten years and the risk it has carried, with dividends reinvested throughout. These figures serve as the baseline for every comparison that follows.

Note: ABNB began trading on December 10, 2020, so every figure here, including its worst decline, covers only the time since then. None of them reflect the dot-com bust, the 2008 financial crisis or six other sell-offs.

The company

Market value
$105B
Industry
Travel Services
Price history from
December 2020

Returns

Past 1 year
+37.9%total return
Past 3 years
+46.0%+13.4% a year
Past 5 years
+5.5%+1.1% a year
Best calendar year
+59.2%2023
Worst calendar year
−48.6%2022
Losing years
2 of 5full calendar years

Risk

Volatility
44.3%typical yearly swing, 5 years
Sharpe ratio
0.24return per unit of risk, 5 years
Worst decline ever
−62.0%Feb 2021 to Dec 2022
From its all-time high
−18.9%below the peak

ABNB against the whole market

Where ABNB ranks among every stock and fund, and what across the market has done better.

How does ABNB rank among all stocks?

This section ranks ABNB on return, volatility, risk-adjusted return and worst decline against every stock worth at least $300 million with enough history. Where the comparisons with its popular alternatives show how ABNB stacks up against its peers, these rankings show where it stands in the market as a whole.

Ranked against U.S.-listed stocks worth at least $300M that have enough history for each measure, so the count changes from row to row; smaller stocks are left out. Lower volatility and smaller declines rank higher.

MeasureABNBRankStanding
1-year return+37.9%797 of 3,282top 24%
3-year return+46.0%1,637 of 3,016bottom 47%
5-year return+5.5%1,661 of 2,897bottom 44%
Volatility, 5 years44.3%1,676 of 2,897bottom 43%
Sharpe ratio, 5 years0.241,739 of 2,897bottom 41%

What has beaten ABNB on both return and risk?

Each dot is an investment, placed by how much it earned a year over the past 5 years (higher is better) and how much its price swung, its volatility (further left is calmer). ABNB sits where the dashed lines cross. Anything in the green box above and to the left earned more than ABNB with smaller swings, a better trade-off over this period on both counts. Past results are no promise, but a name in the box is worth a closer look.

Annual return is the annualized total return with dividends reinvested, and volatility the annualized swing in daily prices, both over 5 years. Labeled dots are the strongest picks from the table below and the names called out above, colored by how close they sit to ABNB; faint dots are 93 more of the 1,788 in the green region (the strongest, one per fund family). 3,641 stocks and funds worth at least $500 million were screened. Hover over a dot for its figures.

−10.0%0.0%10.0%20.0%30.0%40.0%50.0%−10.0%0.0%10.0%20.0%30.0%40.0%50.0%60.0%70.0%Volatility over 5 years (annualized)Annual return over 5 yearsMore return, less volatility than ABNBMRK: +16.1% a year, volatility 24.8%AMGN: +20.1% a year, volatility 24.9%SAP: +12.9% a year, volatility 30.0%TRV: +22.4% a year, volatility 22.3%BNS: +13.2% a year, volatility 20.0%TAK: +12.3% a year, volatility 19.4%RPRX: +13.8% a year, volatility 23.8%FFIV: +16.7% a year, volatility 30.8%EXPD: +11.1% a year, volatility 27.1%CPAY: +8.4% a year, volatility 32.5%PBR-A: +53.5% a year, volatility 37.4%HALO: +26.2% a year, volatility 40.4%MPC: +50.0% a year, volatility 33.4%HST: +13.6% a year, volatility 30.0%AIZ: +13.7% a year, volatility 25.3%ALLE: +7.3% a year, volatility 27.1%VCTR: +27.7% a year, volatility 35.0%THG: +15.2% a year, volatility 22.9%ACA: +23.4% a year, volatility 34.0%NHC: +31.2% a year, volatility 28.6%MATX: +23.5% a year, volatility 39.5%DHT: +40.3% a year, volatility 39.0%TRGP: +41.8% a year, volatility 31.7%EXLS: +11.5% a year, volatility 32.7%HURN: +31.3% a year, volatility 40.8%DIVB: +14.6% a year, volatility 15.5%RY: +17.5% a year, volatility 18.2%JAAA: +5.1% a year, volatility 1.7%HACK: +13.4% a year, volatility 25.8%ITGR: +6.7% a year, volatility 35.3%FBT: +10.8% a year, volatility 22.2%CNXN: +16.6% a year, volatility 29.2%AAPL: +19.1% a year, volatility 28.0%HBT: +19.4% a year, volatility 28.7%FTXH: +12.3% a year, volatility 16.9%SAFT: +9.9% a year, volatility 28.5%TRST: +15.5% a year, volatility 26.8%MSFT: +11.9% a year, volatility 28.2%TSM: +31.0% a year, volatility 38.6%FBIZ: +23.2% a year, volatility 29.4%RCBC: +15.3% a year, volatility 27.2%ACNB: +23.0% a year, volatility 34.4%PBR: +52.4% a year, volatility 37.4%VTI: +11.4% a year, volatility 17.5%VBNK: +14.5% a year, volatility 35.1%PFIS: +13.4% a year, volatility 31.4%CBNK: +12.5% a year, volatility 27.4%VOO: +12.6% a year, volatility 16.9%AMZN: +8.5% a year, volatility 36.6%WMT: +21.1% a year, volatility 22.6%BRK-A: +13.5% a year, volatility 17.2%VLO: +43.8% a year, volatility 36.9%JPM: +17.3% a year, volatility 24.3%PSX: +32.7% a year, volatility 32.9%ABBV: +25.5% a year, volatility 23.4%SU: +33.1% a year, volatility 32.5%CNQ: +26.4% a year, volatility 32.5%JNJ: +13.5% a year, volatility 18.0%V: +13.2% a year, volatility 22.9%VRIG: +4.7% a year, volatility 1.3%DXJ: +26.6% a year, volatility 19.1%KO: +15.2% a year, volatility 16.8%LVHI: +16.9% a year, volatility 11.1%TMO: +2.3% a year, volatility 27.8%EQNR: +20.1% a year, volatility 34.4%COST: +17.4% a year, volatility 22.9%BALT: +6.2% a year, volatility 3.3%CAT: +30.7% a year, volatility 32.0%VXUS: +8.0% a year, volatility 16.4%MA: +12.7% a year, volatility 23.8%QQQ: +14.2% a year, volatility 23.0%PM: +21.3% a year, volatility 23.4%CSCO: +16.9% a year, volatility 26.1%NVS: +17.4% a year, volatility 20.7%MCK: +37.8% a year, volatility 25.1%VTV: +12.2% a year, volatility 13.7%FLRT: +6.0% a year, volatility 2.3%CVE: +25.5% a year, volatility 39.4%RTX: +18.7% a year, volatility 24.4%APH: +31.3% a year, volatility 32.4%GILD: +22.8% a year, volatility 24.9%GS: +19.4% a year, volatility 28.6%TD: +16.5% a year, volatility 20.0%MS: +16.2% a year, volatility 28.9%VEA: +9.1% a year, volatility 16.9%IBM: +20.1% a year, volatility 30.2%IBKR: +35.3% a year, volatility 35.5%PG: +5.8% a year, volatility 18.4%TJX: +19.8% a year, volatility 22.3%MFG: +33.9% a year, volatility 30.6%NTAP: +20.6% a year, volatility 35.3%LIN: +11.7% a year, volatility 20.9%CIB: +33.5% a year, volatility 32.9%ABNB: +1.1% a year, volatility 44.3%SPY (S&P 500): +12.5% a year, volatility 17.2%HLT: +20.7% a year, volatility 26.8%BKNG: +11.5% a year, volatility 33.3%MAR: +21.7% a year, volatility 28.6%H: +16.8% a year, volatility 34.3%EXPE: +13.4% a year, volatility 46.6%WH: +0.2% a year, volatility 30.0%GOOG: +18.5% a year, volatility 32.0%GDDY: +10.6% a year, volatility 35.9%VRSN: +7.2% a year, volatility 25.9%IHG: +21.7% a year, volatility 26.6%DAL: +15.7% a year, volatility 40.8%META: +15.1% a year, volatility 45.4%CAH: +41.7% a year, volatility 24.7%LLY: +41.2% a year, volatility 32.8%CVX: +19.7% a year, volatility 25.2%MUFG: +33.5% a year, volatility 29.4%VLUE: +16.2% a year, volatility 18.4%SGOV: +3.8% a year, volatility 0.3%PANW: +33.4% a year, volatility 43.4%IQV: +1.6% a year, volatility 34.8%INSW: +58.7% a year, volatility 40.6%ABNBSPY (S&P 500)HLTBKNGHEXPEWHVRSNIHGDALCAHLLYMUFGVLUESGOVPANWIQVINSW−20.0%0.0%20.0%40.0%60.0%−20.0%0.0%20.0%40.0%60.0%80.0%Volatility over 5 years (annualized)Annual return over 5 yearsMore return, less volatility than ABNBMRK: +16.1% a year, volatility 24.8%AMGN: +20.1% a year, volatility 24.9%SAP: +12.9% a year, volatility 30.0%TRV: +22.4% a year, volatility 22.3%BNS: +13.2% a year, volatility 20.0%TAK: +12.3% a year, volatility 19.4%RPRX: +13.8% a year, volatility 23.8%FFIV: +16.7% a year, volatility 30.8%EXPD: +11.1% a year, volatility 27.1%CPAY: +8.4% a year, volatility 32.5%PBR-A: +53.5% a year, volatility 37.4%HALO: +26.2% a year, volatility 40.4%MPC: +50.0% a year, volatility 33.4%HST: +13.6% a year, volatility 30.0%AIZ: +13.7% a year, volatility 25.3%ALLE: +7.3% a year, volatility 27.1%VCTR: +27.7% a year, volatility 35.0%THG: +15.2% a year, volatility 22.9%ACA: +23.4% a year, volatility 34.0%NHC: +31.2% a year, volatility 28.6%MATX: +23.5% a year, volatility 39.5%DHT: +40.3% a year, volatility 39.0%TRGP: +41.8% a year, volatility 31.7%EXLS: +11.5% a year, volatility 32.7%HURN: +31.3% a year, volatility 40.8%DIVB: +14.6% a year, volatility 15.5%RY: +17.5% a year, volatility 18.2%JAAA: +5.1% a year, volatility 1.7%HACK: +13.4% a year, volatility 25.8%ITGR: +6.7% a year, volatility 35.3%FBT: +10.8% a year, volatility 22.2%CNXN: +16.6% a year, volatility 29.2%AAPL: +19.1% a year, volatility 28.0%HBT: +19.4% a year, volatility 28.7%FTXH: +12.3% a year, volatility 16.9%SAFT: +9.9% a year, volatility 28.5%TRST: +15.5% a year, volatility 26.8%MSFT: +11.9% a year, volatility 28.2%TSM: +31.0% a year, volatility 38.6%FBIZ: +23.2% a year, volatility 29.4%RCBC: +15.3% a year, volatility 27.2%ACNB: +23.0% a year, volatility 34.4%PBR: +52.4% a year, volatility 37.4%VTI: +11.4% a year, volatility 17.5%VBNK: +14.5% a year, volatility 35.1%PFIS: +13.4% a year, volatility 31.4%CBNK: +12.5% a year, volatility 27.4%VOO: +12.6% a year, volatility 16.9%AMZN: +8.5% a year, volatility 36.6%WMT: +21.1% a year, volatility 22.6%BRK-A: +13.5% a year, volatility 17.2%VLO: +43.8% a year, volatility 36.9%JPM: +17.3% a year, volatility 24.3%PSX: +32.7% a year, volatility 32.9%ABBV: +25.5% a year, volatility 23.4%SU: +33.1% a year, volatility 32.5%CNQ: +26.4% a year, volatility 32.5%JNJ: +13.5% a year, volatility 18.0%V: +13.2% a year, volatility 22.9%VRIG: +4.7% a year, volatility 1.3%DXJ: +26.6% a year, volatility 19.1%KO: +15.2% a year, volatility 16.8%LVHI: +16.9% a year, volatility 11.1%TMO: +2.3% a year, volatility 27.8%EQNR: +20.1% a year, volatility 34.4%COST: +17.4% a year, volatility 22.9%BALT: +6.2% a year, volatility 3.3%CAT: +30.7% a year, volatility 32.0%VXUS: +8.0% a year, volatility 16.4%MA: +12.7% a year, volatility 23.8%QQQ: +14.2% a year, volatility 23.0%PM: +21.3% a year, volatility 23.4%CSCO: +16.9% a year, volatility 26.1%NVS: +17.4% a year, volatility 20.7%MCK: +37.8% a year, volatility 25.1%VTV: +12.2% a year, volatility 13.7%FLRT: +6.0% a year, volatility 2.3%CVE: +25.5% a year, volatility 39.4%RTX: +18.7% a year, volatility 24.4%APH: +31.3% a year, volatility 32.4%GILD: +22.8% a year, volatility 24.9%GS: +19.4% a year, volatility 28.6%TD: +16.5% a year, volatility 20.0%MS: +16.2% a year, volatility 28.9%VEA: +9.1% a year, volatility 16.9%IBM: +20.1% a year, volatility 30.2%IBKR: +35.3% a year, volatility 35.5%PG: +5.8% a year, volatility 18.4%TJX: +19.8% a year, volatility 22.3%MFG: +33.9% a year, volatility 30.6%NTAP: +20.6% a year, volatility 35.3%LIN: +11.7% a year, volatility 20.9%CIB: +33.5% a year, volatility 32.9%ABNB: +1.1% a year, volatility 44.3%SPY (S&P 500): +12.5% a year, volatility 17.2%HLT: +20.7% a year, volatility 26.8%BKNG: +11.5% a year, volatility 33.3%MAR: +21.7% a year, volatility 28.6%H: +16.8% a year, volatility 34.3%EXPE: +13.4% a year, volatility 46.6%WH: +0.2% a year, volatility 30.0%GOOG: +18.5% a year, volatility 32.0%GDDY: +10.6% a year, volatility 35.9%VRSN: +7.2% a year, volatility 25.9%IHG: +21.7% a year, volatility 26.6%DAL: +15.7% a year, volatility 40.8%META: +15.1% a year, volatility 45.4%CAH: +41.7% a year, volatility 24.7%LLY: +41.2% a year, volatility 32.8%CVX: +19.7% a year, volatility 25.2%MUFG: +33.5% a year, volatility 29.4%VLUE: +16.2% a year, volatility 18.4%SGOV: +3.8% a year, volatility 0.3%PANW: +33.4% a year, volatility 43.4%IQV: +1.6% a year, volatility 34.8%INSW: +58.7% a year, volatility 40.6%ABNBSPY (S&P 500)HLTMAREXPEWHVRSNCAHLLYMUFGVLUESGOVPANWIQVINSW
  • Popular alternatives
  • Same and neighboring categories, and shared themes
  • The whole market
  • Others in the green region

Is there a better investment than ABNB?

Investments that beat ABNB over the past 5 years on return, volatility, drawdowns, consistency, crash losses or fees, from its popular alternatives out to the whole market.

How this works

The table below lists investments that beat ABNB over the past 5 years on at least one of these measures: a higher annual return with lower volatility, a higher annual return at similar volatility, a similar return with lower volatility, a higher Sharpe ratio with a smaller worst decline, a higher total return in most periods from 3 months to 10 years, or smaller losses in recent market crashes. It checks ABNB's popular alternatives first, then the rest of its own and neighboring categories, then every stock and fund worth at least $500 million, and shows the strongest few in each group. The full list of those with a higher return and lower volatility than ABNB follows the table.

Annual return is the annualized total return with dividends reinvested. Annual return, volatility and the Sharpe ratio cover 5 years; the worst decline covers the past 10 years. Green marks a better figure than ABNB's. "On the frontier" means no other option shown or tested earned more with less volatility. Funds that hold the same thing are shown once. Beyond the popular alternatives, nothing with more than 1.5× ABNB's volatility counts as better.

These figures cover the past 5 years. Green marks a better figure than ABNB's.

Screen the whole market against ABNB for any period in BetterThanSPYOpen these 21 in EasyCompare
InvestmentWhy it is betterPast 5 yearsDownsideLong runFit
Annual return?higher is betterVolatility?lower is calmerSharpe?return per unit of riskWorst decline?past 10 years5Y returntotalCorr. with ABNB?lower diversifies moreExpenseper year
ABNBAirbnb, Inc. · this page
+1.1%44.3%0.24−62.0%+5.5%1.00—
SPYState Street SPDR S&P 500 ETF · S&P 500
+12.5%17.2%0.78−33.7%+80.3%0.510.09%
Popular alternativesbest 6 shownThe investments people most often weigh against ABNB. 7 of 10 passed at least one test.
HLTHilton Worldwide Holdings Inc. · Hotels & Resorts
Higher return, lower volatilityHigher Sharpe, smaller worst decline+20.7%26.8%0.84−50.8%+156%0.61—
BKNGBooking Holdings Inc. · Travel Services
Higher return, lower volatilityHigher Sharpe, smaller worst decline+11.5%33.3%0.49−47.8%+72.2%0.56—
MARMarriott International, Inc. · Hotels & Resorts
Higher return, lower volatility+21.7%28.6%0.83−61.3%+167%0.53—
HHyatt Hotels Corporation · Hotels & Resorts
Higher return, lower volatility+16.8%34.3%0.63−60.5%+117%0.48—
EXPEExpedia Group, Inc. · Travel Services
Higher return, similar volatility+13.4%46.6%0.50−70.5%+87.2%0.58—
WHWyndham Hotels & Resorts, Inc. · Hotels & Resorts
Similar return, lower volatility+0.2%30.0%0.15−66.1%+0.8%0.38—
Same and neighboring categories, and shared themesbest 6 shownEverything else in Travel Services and the categories next to it (Hotels & Resorts, Cruise Lines, Internet Services, Airlines), plus ABNB's specific themes. 15 of 55 passed at least one test.
GOOGAlphabet Inc. · Internet Services
Higher return, lower volatilityHigher Sharpe, smaller worst decline+18.5%32.0%0.69−44.6%+134%0.23—
GDDYGoDaddy Inc. · Internet Services
Higher return, lower volatilityHigher return in most periods+10.6%35.9%0.46−65.0%+65.3%0.26—
VRSNVeriSign, Inc. · Internet Services
Higher return, lower volatilityHigher Sharpe, smaller worst decline+7.2%25.9%0.40−38.9%+41.8%0.12—
IHGInterContinental Hotels Group PLC · Hotels & Resorts
Higher return, lower volatility+21.7%26.6%0.88−59.3%+167%0.50—
DALDelta Air Lines, Inc. · Airlines
Higher return, lower volatility+15.7%40.8%0.56−69.2%+107%0.42—
METAMeta Platforms, Inc. · Social Media
Higher return, similar volatility+15.1%45.4%0.54−76.7%+102%0.28—
The whole marketbest 8 shownEvery other stock and fund worth at least $500 million. 2,184 of 3,582 passed at least one test.
CAHCardinal Health, Inc. · Health Care Distribution
On the frontierHigher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periods+41.7%24.7%1.54−46.1%+471%0.18—
LLYEli Lilly and Company · Pharmaceuticals
Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periods+41.2%32.8%1.22−34.5%+461%-0.13—
CVXChevron Corporation · Integrated Oil & Gas
Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periods+19.7%25.2%0.84−55.8%+146%0.22—
MUFGMitsubishi UFJ Financial Group, Inc. · Banks
Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periods+33.5%29.4%1.14−54.9%+325%0.17—
VLUEiShares MSCI USA Value Factor ETF · US Large-Cap Value
Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periods+16.2%18.4%0.91−39.5%+112%0.390.15%
SGOViShares 0-3 Month Treasury Bond ETF · Treasury Bills
On the frontierHigher return, lower volatilityHigher Sharpe, smaller worst decline+3.8%0.3%13.25−0.3%+20.3%0.130.09%
PANWPalo Alto Networks, Inc. · Cybersecurity
Higher return, similar volatilityHigher Sharpe, smaller worst declineHigher return in most periods+33.4%43.4%0.89−48.0%+322%0.26—
IQVIQVIA Holdings Inc. · Contract Research
Similar return, lower volatilityHigher return in most periods+1.6%34.8%0.22−51.5%+8.3%0.21—
What these numbers mean for ABNB
Annual return
ABNB returned 1.1% a year over the past 5 years with dividends reinvested, against 12.5% a year for the S&P 500. At that pace, $10,000 became about $10,500. Annual return is the steady yearly rate that would produce the same total result, so investments held over the same span compare fairly. Guide: What is performance and return? →
Volatility
ABNB's volatility over the past 5 years was 44.3%, 2.6 times the S&P 500's 17.2%. Volatility measures how widely returns swing around their average: in roughly two years out of three, ABNB's return lands within 44.3% of its average, either way. The higher it is, the rougher the ride and the harder it is to hold through a slump. Guide: Understanding and measuring risk (volatility) →
Sharpe ratio
ABNB's Sharpe ratio over the past 5 years was 0.24, against 0.78 for the S&P 500, so ABNB earned less for each unit of risk than an index fund did. The Sharpe ratio is the return earned above cash for each unit of volatility: two investments with the same return are not equal if one got there with far bigger swings. Guide: Balancing reward with risk (Sharpe ratio) →
Worst decline
ABNB's worst fall from a peak to a low over the past 10 years was 62.0%, against 33.7% for the S&P 500. Losses and gains are not symmetric: climbing back from a 62.0% fall takes a 163% gain. Guide: Market crash risk and tail risk →
Correlation
Over the past 5 years, ABNB's monthly returns had a correlation of 0.51 with the S&P 500. Correlation runs from 1 (moving in lockstep) through 0 (unrelated) to −1 (moving in opposite directions). They often move together: some diversification next to an index fund, but not a cushion. In the table, the correlation column measures each option against ABNB instead: the lower it is, the more that option would diversify a ABNB holding. Guide: Correlation and diversification →
Show all 1,788 stocks and funds worth at least $500 million that earned more than ABNB with less volatility

Out of 3,641 tested over 5 years. The strongest 100 are listed, best first, with funds that hold the same thing listed once.

#InvestmentFound inAnnual returnVolatilitySharpeWorst decline5Y returnCorr. with ABNBExpense
1
CAHCardinal Health, Inc. · Health Care Distribution
Whole market+41.7%24.7%1.54−46.1%+471%0.18—
2
LLYEli Lilly and Company · Pharmaceuticals
Whole market+41.2%32.8%1.22−34.5%+461%-0.13—
3
CVXChevron Corporation · Integrated Oil & Gas
Whole market+19.7%25.2%0.84−55.8%+146%0.22—
4
MUFGMitsubishi UFJ Financial Group, Inc. · Banks
Whole market+33.5%29.4%1.14−54.9%+325%0.17—
5
MRKMerck & Co., Inc. · Pharmaceuticals
Whole market+16.1%24.8%0.73−43.4%+111%-0.06—
6
AMGNAmgen Inc. · Biotechnology
Whole market+20.1%24.9%0.86−24.9%+150%0.06—
7
SAPSAP SE · Enterprise Software
Whole market+12.9%30.0%0.56−52.5%+83.7%0.33—
8
TRVThe Travelers Companies, Inc. · Property & Casualty Insurance
Whole market+22.4%22.3%1.02−46.3%+175%0.13—
9
BNSThe Bank of Nova Scotia · Banks
Whole market+13.2%20.0%0.73−46.9%+86.2%0.38—
10
TAKTakeda Pharmaceutical Company Limited · Specialty Pharmaceuticals
Whole market+12.3%19.4%0.70−54.4%+78.4%-0.04—
11
RPRXRoyalty Pharma plc · Pharmaceuticals
Whole market+13.8%23.8%0.67−49.7%+90.9%0.09—
12
FFIVF5, Inc. · Cybersecurity
Whole market+16.7%30.8%0.66−54.6%+116%0.26—
13
EXPDExpeditors International of Washington, Inc. · Freight & Logistics
Whole market+11.1%27.1%0.53−35.6%+68.9%0.28—
14
CPAYCorpay, Inc. · Payment Processing
Whole market+8.4%32.5%0.41−50.1%+49.6%0.31—
15
PBR-APetróleo Brasileiro S.A. - Petrobras · Integrated Oil & Gas
Whole market+53.5%37.4%1.34−71.7%+751%0.17—
16
HALOHalozyme Therapeutics, Inc. · Biotechnology
Whole market+26.2%40.4%0.78−49.1%+220%0.06—
17
MPCMarathon Petroleum Corporation · Oil Refining
Whole market+50.0%33.4%1.39−79.7%+660%0.25—
18
HSTHost Hotels & Resorts, Inc. · Hotel REITs
Whole market+13.6%30.0%0.58−55.0%+89.6%0.47—
19
AIZAssurant, Inc. · Property & Casualty Insurance
Whole market+13.7%25.3%0.64−44.6%+89.7%0.21—
20
VLUEiShares MSCI USA Value Factor ETF · US Large-Cap Value
Whole market+16.2%18.4%0.91−39.5%+112%0.390.15%
21
SGOViShares 0-3 Month Treasury Bond ETF · Treasury Bills
Whole market+3.8%0.3%13.25−0.3%+20.3%0.130.09%
22
ALLEAllegion plc · Building Products
Whole market+7.3%27.1%0.40−43.2%+42.4%0.29—
23
VCTRVictory Capital Holdings, Inc. · Asset Management
Whole market+27.7%35.0%0.88−45.2%+240%0.42—
24
THGThe Hanover Insurance Group, Inc. · Property & Casualty Insurance
Whole market+15.2%22.9%0.73−40.1%+103%0.09—
25
ACAArcosa, Inc. · Construction Materials
Whole market+23.4%34.0%0.79−36.8%+186%0.39—
26
NHCNational HealthCare Corporation · Health Care Facilities
Whole market+31.2%28.6%1.10−35.3%+289%-0.07—
27
MATXMatson, Inc. · Marine Shipping
Whole market+23.5%39.5%0.73−53.6%+188%0.43—
28
DHTDHT Holdings, Inc. · Oil & Gas
Whole market+40.3%39.0%1.07−39.7%+443%0.16—
29
TRGPTarga Resources Corp. · Oil & Gas Midstream
Whole market+41.8%31.7%1.27−90.8%+472%0.35—
30
EXLSExlService Holdings, Inc. · IT Services
Whole market+11.5%32.7%0.50−51.3%+72.6%0.24—
31
HURNHuron Consulting Group Inc. · Consulting Services
Whole market+31.3%40.8%0.87−51.4%+290%0.05—
32
DIVBiShares Core Dividend ETF · High Dividend Yield
Whole market+14.6%15.5%0.96−36.9%+97.3%0.480.05%
33
RYRoyal Bank of Canada · Banks
Whole market+17.5%18.2%0.98−40.0%+124%0.33—
34
JAAAJanus Henderson AAA CLO ETF · AAA CLO Debt
Whole market+5.1%1.7%2.98−2.6%+28.0%0.420.20%
35
HACKAmplify Cybersecurity ETF · Cybersecurity
Whole market+13.4%25.8%0.62−38.7%+87.4%0.340.60%
36
ITGRInteger Holdings Corporation · Medical Devices
Whole market+6.7%35.3%0.37−56.1%+38.2%0.09—
37
FBTFirst Trust NYSE Arca Biotechnology Index Fund · Biotechnology
Whole market+10.8%22.2%0.58−33.3%+67.3%0.200.55%
38
CNXNPC Connection, Inc. · Technology Distribution
Whole market+16.6%29.2%0.67−41.8%+115%0.15—
39
AAPLApple Inc. · Computer Hardware
Whole market+19.1%28.0%0.77−38.5%+140%0.36—
40
HBTHBT Financial, Inc. · Regional Banks
Whole market+19.4%28.7%0.76−54.0%+143%0.26—
41
FTXHFirst Trust Nasdaq Pharmaceuticals ETF · Pharmaceuticals
Whole market+12.3%16.9%0.77−32.1%+78.5%0.140.60%
42
SAFTSafety Insurance Group, Inc. · Property & Casualty Insurance
Whole market+9.9%28.5%0.46−32.8%+60.6%-0.05—
43
TRSTTrustCo Bank Corp NY · Regional Banks
Whole market+15.5%26.8%0.67−49.5%+105%0.15—
44
MSFTMicrosoft Corporation · Software
Whole market+11.9%28.2%0.54−37.1%+75.6%0.28—
45
TSMTaiwan Semiconductor Manufacturing Company Limited · Semiconductors
Whole market+31.0%38.6%0.90−56.6%+285%0.29—
46
FBIZFirst Business Financial Services, Inc. · Regional Banks
Whole market+23.2%29.4%0.86−50.2%+183%0.24—
47
RCBCRiver City Bank · Regional Banks
Whole market+15.3%27.2%0.66−45.5%+104%0.16—
48
ACNBACNB Corporation · Regional Banks
Whole market+23.0%34.4%0.77−49.7%+181%0.25—
49
PBRPetróleo Brasileiro S.A. - Petrobras · Integrated Oil & Gas
Whole market+52.4%37.4%1.32−75.3%+721%0.12—
50
VTIVanguard Morningstar Total Stock Market ETF · US Total Market
Whole market+11.4%17.5%0.71−35.0%+71.5%0.530.03%
51
VBNKVersaBank · Regional Banks
Whole market+14.5%35.1%0.56−50.7%+96.4%0.34—
52
INSWInternational Seaways, Inc. · Oil & Gas
Whole market+58.7%40.6%1.35−57.4%+906%0.13—
53
PFISPeoples Financial Services Corp. · Regional Banks
Whole market+13.4%31.4%0.56−43.0%+87.7%0.11—
54
CBNKCapital Bancorp, Inc. · Regional Banks
Whole market+12.5%27.4%0.57−53.7%+80.1%0.08—
55
VOOVanguard S&P 500 ETF · US Large-Cap Equity
Whole market+12.6%16.9%0.79−34.0%+80.8%0.520.03%
56
AMZNAmazon.com, Inc. · E-Commerce
Whole market+8.5%36.6%0.41−56.1%+50.1%0.49—
57
WMTWalmart Inc. · Discount Retail
Whole market+21.1%22.6%0.97−25.7%+161%0.25—
58
BRK-ABerkshire Hathaway Inc. · Insurance
Whole market+13.5%17.2%0.83−30.4%+88.5%0.26—
59
VLOValero Energy Corporation · Oil Refining
Whole market+43.8%36.9%1.18−71.9%+515%0.25—
60
JPMJPMorgan Chase & Co. · Banks
Whole market+17.3%24.3%0.78−43.6%+122%0.37—
61
PSXPhillips 66 · Oil Refining
Whole market+32.7%32.9%1.03−64.2%+312%0.22—
62
ABBVAbbVie Inc. · Specialty Pharmaceuticals
Whole market+25.5%23.4%1.09−45.1%+212%0.05—
63
SUSuncor Energy Inc. · Integrated Oil & Gas
Whole market+33.1%32.5%1.05−73.5%+318%0.03—
64
CNQCanadian Natural Resources Limited · Oil & Gas
Whole market+26.4%32.5%0.89−77.5%+223%0.19—
65
JNJJohnson & Johnson · Pharmaceuticals
Whole market+13.5%18.0%0.80−27.4%+88.0%-0.03—
66
VVisa Inc. · Payment Processing
Whole market+13.2%22.9%0.66−36.4%+86.1%0.42—
67
VRIGInvesco Variable Rate Investment Grade ETF · Investment Grade Bonds
Whole market+4.7%1.3%3.52−13.1%+25.6%0.320.30%
68
DXJWisdomTree Japan Hedged Equity Fund · Japan Equity
Whole market+26.6%19.1%1.34−39.1%+225%0.410.48%
69
KOThe Coca-Cola Company · Nonalcoholic Beverages
Whole market+15.2%16.8%0.93−37.0%+103%0.00—
70
LVHIFranklin International Low Volatility High Dividend Index ETF · International Dividend Equity
Whole market+16.9%11.1%1.48−32.4%+119%0.330.40%
71
TMOThermo Fisher Scientific Inc. · Life Sciences Tools
Whole market+2.3%27.8%0.22−40.9%+12.1%0.22—
72
EQNREquinor ASA · Integrated Oil & Gas
Whole market+20.1%34.4%0.71−66.8%+150%0.03—
73
COSTCostco Wholesale Corporation · Discount Retail
Whole market+17.4%22.9%0.82−31.4%+123%0.43—
74
BALTInnovator Defined Wealth Shield ETF · US Equity Buffer
Whole market+6.2%3.3%1.84−4.9%+35.3%0.340.69%
75
CATCaterpillar Inc. · Industrial Machinery
Whole market+30.7%32.0%1.00−43.4%+281%0.36—
76
VXUSVanguard Total International Stock ETF · International Equity
Whole market+8.0%16.4%0.56−36.0%+47.2%0.410.05%
77
MAMastercard Incorporated · Payment Processing
Whole market+12.7%23.8%0.62−41.0%+81.9%0.39—
78
QQQInvesco QQQ Trust, Series 1 · US Large-Cap Growth
Whole market+14.2%23.0%0.69−35.1%+94.0%0.510.18%
79
PMPhilip Morris International Inc. · Tobacco
Whole market+21.3%23.4%0.94−42.9%+162%-0.01—
80
CSCOCisco Systems, Inc. · Communications Equipment
Whole market+16.9%26.1%0.73−42.0%+118%0.18—
81
NVSNovartis AG · Pharmaceuticals
Whole market+17.4%20.7%0.89−26.8%+123%0.04—
82
MCKMcKesson Corporation · Health Care Distribution
Whole market+37.8%25.1%1.41−38.1%+397%0.04—
83
VTVVanguard Morningstar Value ETF · US Large-Cap Value
Whole market+12.2%13.7%0.91−36.8%+78.0%0.400.03%
84
FLRTPacer Aristotle Pacific Floating Rate High Income ETF · Bank Loans
Whole market+6.0%2.3%2.55−20.9%+33.8%0.500.60%
85
CVECenovus Energy Inc. · Integrated Oil & Gas
Whole market+25.5%39.4%0.78−89.2%+211%0.07—
86
RTXRTX Corporation · Aerospace & Defense
Whole market+18.7%24.4%0.83−52.0%+136%-0.12—
87
APHAmphenol Corporation · Electronic Components
Whole market+31.3%32.4%1.01−37.5%+290%0.35—
88
GILDGilead Sciences, Inc. · Biotechnology
Whole market+22.8%24.9%0.95−30.5%+179%-0.02—
89
GSThe Goldman Sachs Group, Inc. · Capital Markets
Whole market+19.4%28.6%0.77−48.8%+143%0.34—
90
TDThe Toronto-Dominion Bank · Banks
Whole market+16.5%20.0%0.87−42.0%+114%0.40—
91
MSMorgan Stanley · Capital Markets
Whole market+16.2%28.9%0.67−51.3%+112%0.44—
92
VEAVanguard FTSE Developed Markets ETF · Developed International Equity
Whole market+9.1%16.9%0.60−35.8%+54.8%0.420.03%
93
IBMInternational Business Machines Corporation · IT Services
Whole market+20.1%30.2%0.76−41.1%+150%-0.10—
94
IBKRInteractive Brokers Group, Inc. · Investment Banking & Brokerage
Whole market+35.3%35.5%1.03−55.1%+354%0.38—
95
PGThe Procter & Gamble Company · Household & Personal Products
Whole market+5.8%18.4%0.40−23.8%+32.9%0.05—
96
TJXThe TJX Companies, Inc. · Apparel Retail
Whole market+19.8%22.3%0.93−42.5%+147%0.04—
97
MFGMizuho Financial Group, Inc. · Banks
Whole market+33.9%30.6%1.11−45.7%+330%0.25—
98
NTAPNetApp, Inc. · Computer Hardware
Whole market+20.6%35.3%0.71−58.1%+155%0.24—
99
LINLinde plc · Chemicals
Whole market+11.7%20.9%0.64−32.6%+73.8%0.29—
100
CIBGrupo Cibest S.A. · Banks
Whole market+33.5%32.9%1.04−70.4%+324%0.20—

ABNB against its popular alternatives

The investments people most often weigh against ABNB, compared period by period and year by year.

How do ABNB's risk and return compare with its alternatives?

This map plots each investment's annual return over the past 5 years against its volatility, the size of its typical price swings. Investments toward the upper left earned more for a smoother ride, and those toward the lower right earned less for a rougher one. The dashed lines cross at ABNB, which divides the map into what did better or worse on each measure.

Green points earned more than ABNB with less volatility; red points earned less with more. Hover over a point for its figures. Total returns with dividends reinvested, annualized.

15.0%20.0%25.0%30.0%35.0%40.0%45.0%50.0%55.0%−30.0%−20.0%−10.0%0.0%10.0%20.0%30.0%Volatility over 5 years (annualized)Annual return over 5 yearsHigher return, lower volatilityLower return, higher volatilityABNB: 1.1% a year, volatility 44.3%SPY (S&P 500): 12.5% a year, volatility 17.2%MAR: 21.7% a year, volatility 28.6%HLT: 20.7% a year, volatility 26.8%H: 16.8% a year, volatility 34.3%BKNG: 11.5% a year, volatility 33.3%VAC: −3.1% a year, volatility 44.9%TRIP: −22.3% a year, volatility 52.8%EXPE: 13.4% a year, volatility 46.6%MMYT: 11.1% a year, volatility 49.9%TCOM: 5.5% a year, volatility 48.7%WH: 0.2% a year, volatility 30.0%ABNBSPY (S&P 500)MARHLTHBKNGVACTRIPEXPEMMYTTCOMWH10.0%20.0%30.0%40.0%50.0%60.0%−30.0%−20.0%−10.0%0.0%10.0%20.0%30.0%Volatility over 5 years (annualized)Annual return over 5 yearsHigher return, lower volatilityLower return, higher volatilityABNB: 1.1% a year, volatility 44.3%SPY (S&P 500): 12.5% a year, volatility 17.2%MAR: 21.7% a year, volatility 28.6%HLT: 20.7% a year, volatility 26.8%H: 16.8% a year, volatility 34.3%BKNG: 11.5% a year, volatility 33.3%VAC: −3.1% a year, volatility 44.9%TRIP: −22.3% a year, volatility 52.8%EXPE: 13.4% a year, volatility 46.6%MMYT: 11.1% a year, volatility 49.9%TCOM: 5.5% a year, volatility 48.7%WH: 0.2% a year, volatility 30.0%ABNBSPY (S&P 500)MARHLTHBKNGVACTRIPEXPETCOMWH
All figures
InvestmentAnnual returnVolatility
MAR Marriott International, Inc.+21.7%28.6%
HLT Hilton Worldwide Holdings Inc.+20.7%26.8%
H Hyatt Hotels Corporation+16.8%34.3%
EXPE Expedia Group, Inc.+13.4%46.6%
SPY S&P 500State Street SPDR S&P 500 ETF+12.5%17.2%
BKNG Booking Holdings Inc.+11.5%33.3%
MMYT MakeMyTrip Limited+11.1%49.9%
TCOM Trip.com Group Limited+5.5%48.7%
ABNB This pageAirbnb, Inc.+1.1%44.3%
WH Wyndham Hotels & Resorts, Inc.+0.2%30.0%
VAC Marriott Vacations Worldwide Corporation−3.1%44.9%
TRIP Tripadvisor, Inc.−22.3%52.8%
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Has ABNB consistently beaten its popular alternatives?

This section compares ABNB with the investments people most often weigh against it, checking each one over seven periods from one month to five years. Counting how often an alternative earned more than ABNB helps separate lasting outperformance from a single strong stretch.

A green cell means the alternative earned more than ABNB over that period. "Qualified" marks those that did so in at least 3 of 5 short-term periods and 2 of 2 long-term periods.

InvestmentPeriods outperformed Short termLong termRisk · 5 yearsFund
1M3M6MYTD1Y3Y5YVolatilitylower is calmerSharpehigher is betterWorst declinepast 10 yearsExpenseAssetsOverlapsame sectors
ABNB Airbnb, Inc. (this page)—+8.6%+25.5%+21.9%+32.1%+37.9%+46.0%+5.5%44.3%0.24−62.0%—$105B—
MAR Travel LodgingMarriott International, Inc.2/5 short2/2 long+14.0%+7.5%+8.5%+27.4%+47.1%+116%+167%28.6%0.83−61.3%—$103B—
HLT Travel LodgingHilton Worldwide Holdings Inc.1/5 short2/2 long+16.1%+10.5%+7.4%+22.4%+30.4%+144%+156%26.8%0.84−50.8%—$81B—
H Travel LodgingHyatt Hotels Corporation1/5 short2/2 long+12.1%−5.5%+7.1%+7.2%+16.8%+75.7%+117%34.3%0.63−60.5%—$17B—
EXPE Travel ServicesExpedia Group, Inc.0/5 short2/2 long+6.3%+14.5%+13.2%+6.1%+32.8%+218%+87.2%46.6%0.50−70.5%—$34B—
BKNG Travel ServicesBooking Holdings Inc.0/5 short1/2 long−1.9%−9.2%−9.8%−23.8%−22.3%+46.2%+72.2%33.3%0.49−47.8%—$121B—
MMYT Travel ServicesMakeMyTrip Limited0/5 short1/2 long−6.2%−12.2%−1.2%−44.6%−49.2%+19.1%+69.2%49.9%0.46−73.5%—$4.3B—
TCOM Travel ServicesTrip.com Group Limited0/5 short1/2 long−3.1%−7.1%−26.7%−46.9%−44.1%+17.6%+30.6%48.7%0.35−72.0%—$26B—
VAC Gambling, Resorts & CasinosMarriott Vacations Worldwide Corporation4/5 short0/2 long+13.9%+17.4%+60.6%+97.7%+64.1%+40.5%−14.8%44.9%0.15−74.9%—$3.9B—
WH Travel LodgingWyndham Hotels & Resorts, Inc.1/5 short0/2 long+10.6%−0.2%−10.9%+1.5%−4.5%+9.1%+0.8%30.0%0.15−66.1%—$5.6B—
TRIP Travel ServicesTripadvisor, Inc.1/5 short0/2 long+13.1%−30.1%−12.6%−33.9%−41.1%−35.0%−71.6%52.8%-0.21−86.8%—$1.1B—
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How did ABNB do year by year?

This table shows each investment's total return in every full calendar year since 2021, along with where ABNB ranked among its popular alternatives each year. Annual results reveal how consistently each one kept pace with ABNB and how far its good and bad years diverged, detail that multiyear averages tend to smooth over.

Note: ABNB began trading on December 10, 2020, so the table starts with 2021, its first full calendar year, and cannot show how it fared during the dot-com bust, the 2008 financial crisis or six other sell-offs.

Newest year first. Green marks a year in which the fund came out ahead of ABNB; gray means the two finished within a fraction of a point. The rank row places ABNB among the alternatives that traded the full year; dark green is the top quarter and red the bottom quarter.

InvestmentYears ahead of ABNB20252024202320222021
ABNB This pageAirbnb, Inc.—+3.3%−3.5%+59.2%−48.6%+13.4%
Rank among alternativesTop quarter in 0 of 56 of 1110 of 114 of 1110 of 117 of 11
SPY S&P 500State Street SPDR S&P 500 ETF4 of 5+17.7%+24.9%+26.2%−18.2%+28.7%
MAR Marriott International, Inc.4 of 5+12.3%+24.9%+53.0%−9.3%+25.3%
HLT Hilton Worldwide Holdings Inc.4 of 5+16.5%+36.1%+44.7%−18.7%+40.2%
H Hyatt Hotels Corporation3 of 5+2.6%+20.9%+44.8%−5.7%+29.2%
EXPE Expedia Group, Inc.4 of 5+53.3%+22.8%+73.3%−51.5%+36.5%
BKNG Booking Holdings Inc.4 of 5+8.6%+41.3%+76.0%−16.0%+7.7%
MMYT MakeMyTrip Limited3 of 5−26.9%+139%+70.4%−0.5%−6.2%
TCOM Trip.com Group Limited3 of 5+5.2%+90.6%+4.7%+39.7%−27.0%
VAC Marriott Vacations Worldwide Corporation3 of 5−32.7%+9.6%−35.3%−18.9%+24.0%
WH Wyndham Hotels & Resorts, Inc.3 of 5−23.5%+27.7%+14.9%−19.0%+52.6%
TRIP Tripadvisor, Inc.1 of 5−1.4%−31.4%+19.7%−34.0%−5.3%
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Risk and diversification

How ABNB has fallen, how it held up in crashes beside the S&P 500 and its popular alternatives, and what moves independently of it.

What were ABNB's worst declines?

A drawdown is the decline from a peak to the lowest point before a new high. This section presents ABNB's five deepest drawdowns since it began trading in 2020, alongside the S&P 500's return over the same dates, and how long each took to recover. Together, these figures show how much an investor could have lost and how long it took to get back to even.

Note: ABNB began trading on December 10, 2020, so this list cannot include the dot-com bust, the 2008 financial crisis or six other sell-offs. The crash tests on this page show how older funds and the S&P 500 fared through those years.

Green means ABNB fell less than the S&P 500 over the same dates. Based on daily closing prices with dividends reinvested.

DuringABNB fellS&P 500, same datesPeakLowTime to the lowBack at the peakTime to recover
2022 bear market−62.0%−0.7%Feb 2021Dec 202222 monthsNot yet—
No named crash−14.7%+0.4%Dec 2020Jan 20211 monthJan 2021Under a month
No named crash−13.8%+0.8%Dec 2020Dec 2020Under a monthDec 2020Under a month
No named crash−11.0%+1.9%Jan 2021Feb 20211 monthFeb 2021Under a month
No named crash−10.3%+1.4%Jan 2021Jan 2021Under a monthJan 2021Under a month

How did ABNB do in stock market crashes?

This section measures how far ABNB, the S&P 500 and each alternative fell from peak to trough during every major market crash since 2000. A smaller decline means an investment held up better, and comparing results across crashes shows whether that resilience was consistent or a one-off.

Note: ABNB began trading on December 10, 2020, so its row reads "Not yet trading" for the dot-com bust, the 2008 financial crisis or six other sell-offs. The older alternatives and the S&P 500 show how those crashes played out.

Newest crash first. Each figure is the fund's deepest fall within the crash window; green means a smaller fall than ABNB.

InvestmentHeld up better2023 regional bank crisisMar 20232022 bear marketJan 2022Covid crashFeb 2020Late-2018 sell-offSep 2018February 2018 volatility shockFeb 20182015 China and oil sell-offAug 20152011 euro debt crisisJul 20112010 flash crashMay 20102008 financial crisisOct 2007Dot-com bustMar 2000
ABNB This pageAirbnb, Inc.—−7.2%−52.3%Not yet tradingNot yet tradingNot yet tradingNot yet tradingNot yet tradingNot yet tradingNot yet tradingNot yet trading
SPY S&P 500State Street SPDR S&P 500 ETF2 of 2−3.4%−24.5%−33.7%−19.3%−6.5%−12.8%−17.9%−1.5%−55.2%−47.5%
MAR Marriott International, Inc.1 of 2−7.4%−29.9%−56.6%−24.0%−5.2%−24.9%−25.6%−2.8%−70.1%−46.2%
HLT Hilton Worldwide Holdings Inc.2 of 2−6.7%−32.6%−49.6%−22.2%−4.8%−34.1%————
H Hyatt Hotels Corporation1 of 2−10.1%−33.2%−60.5%−21.3%−3.4%−33.6%−28.3%−3.6%——
EXPE Expedia Group, Inc.0 of 2−11.4%−58.2%−62.4%−18.2%−19.6%−33.2%−22.9%−4.7%−82.5%—
BKNG Booking Holdings Inc.2 of 2−5.6%−39.5%−41.5%−19.1%−6.3%−33.7%−17.8%−3.2%−66.3%−98.9%
MMYT MakeMyTrip Limited2 of 2−1.2%−28.0%−61.8%−28.3%−10.8%−32.2%−25.9%———
TCOM Trip.com Group Limited2 of 2−5.2%−45.0%−37.8%−35.9%−8.3%−34.9%−34.3%−3.1%−76.3%—
VAC Marriott Vacations Worldwide Corporation1 of 2−11.5%−33.8%−71.1%−47.7%−6.6%−41.8%————
WH Wyndham Hotels & Resorts, Inc.1 of 2−10.4%−34.1%−63.7%−22.2%——————
TRIP Tripadvisor, Inc.1 of 2−9.8%−42.8%−50.1%−22.9%−6.7%−37.7%————
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How closely does ABNB move with the S&P 500?

Upside capture measures how much of the S&P 500's gains an investment kept in the months the market rose, and downside capture how much of its losses it took in the months the market fell. An investment that captures more of the gains than the losses has compounded ahead of the market over time. This section compares ABNB with its popular alternatives on both measures, and on beta (how strongly each has moved with the market), over the past 5 years.

Monthly total returns over the past 5 years, measured against SPY. 100% capture or a beta of 1.00 means moving in line with the S&P 500. Green marks a better figure than ABNB's: more upside, less downside or a higher capture ratio. Sorted by capture ratio.

InvestmentUpside captureDownside captureCapture ratioBeta
ABNB This pageAirbnb, Inc.69%130%0.531.23
HLT Hilton Worldwide Holdings Inc.111%88%1.261.10
MAR Marriott International, Inc.118%97%1.211.17
TCOM Trip.com Group Limited36%36%1.00-0.04
H Hyatt Hotels Corporation124%129%0.961.40
MMYT MakeMyTrip Limited103%117%0.891.07
BKNG Booking Holdings Inc.107%122%0.881.13
EXPE Expedia Group, Inc.118%150%0.791.36
WH Wyndham Hotels & Resorts, Inc.30%52%0.580.67
VAC Marriott Vacations Worldwide Corporation65%150%0.431.30
TRIP Tripadvisor, Inc.0%171%0.000.86
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What diversifies ABNB?

Correlation measures how closely two investments move together, on a scale from 1 (in lockstep) through 0 (unrelated) to -1 (in opposite directions). This section lists large ETFs and stocks whose returns have had a low correlation with ABNB's. Because such investments tend not to fall at the same time, pairing ABNB with them can reduce a portfolio's overall swings.

Only ETFs with at least $1.0B in assets and stocks worth at least $10B, with a correlation below 0.5 over the past 5 years and a positive return, are included, ranked by Sharpe ratio; funds that hold the same thing are shown once. The year columns are the years in which ABNB lost money. The last two columns show a portfolio that is 80% ABNB and 20% the other investment, rebalanced monthly.

ETFs

InvestmentCorrelation5Y returnSharpe2024202280/20 mix volatility80/20 mix annual return
ABNB Airbnb, Inc. (this page)1.00+5.5%0.24−3.5%−48.6%37.5%−0.9%
LVHI InternationalFranklin International Low Volatility High Dividend Index ETF0.33+119%1.48+15.9%+3.8%30.7%+3.5%
DXJ InternationalWisdomTree Japan Hedged Equity Fund0.41+225%1.34+29.8%+6.0%31.2%+5.2%
PJUL Broad MarketInnovator U.S. Equity Power Buffer ETF0.48+64.2%1.20+13.8%−2.1%30.8%+2.3%
EMLP Broad MarketFirst Trust North American Energy Infrastructure Fund0.30+103%1.06+33.4%+10.4%31.0%+3.3%
HDV Dividend & IncomeiShares Core High Dividend ETF0.25+86.8%1.03+14.2%+7.0%30.9%+2.7%
FTLS Broad MarketFirst Trust Long/Short Equity ETF0.41+61.5%0.97+18.8%−5.6%30.8%+2.4%
SMH TechnologyVanEck Semiconductor ETF0.39+304%0.94+39.1%−33.5%33.4%+7.2%
FFLC Broad MarketFidelity Fundamental Large Cap Core ETF0.47+105%0.94+27.9%0.0%31.6%+3.4%

Stocks

InvestmentCorrelation5Y returnSharpe2024202280/20 mix volatility80/20 mix annual return
ABNB Airbnb, Inc. (this page)1.00+5.5%0.24−3.5%−48.6%37.5%−0.9%
CAH Medical - DistributionCardinal Health, Inc.0.18+471%1.54+19.0%+54.1%31.4%+7.4%
CLS Hardware, Equipment & PartsCelestica Inc.0.28+2,780%1.43+215%+1.3%35.2%+18.5%
MCK Medical - DistributionMcKesson Corporation0.04+397%1.41+23.7%+51.8%30.7%+7.0%
FIX Engineering & ConstructionComfort Systems USA, Inc.0.25+1,452%1.41+107%+17.0%33.4%+15.2%
MPC Oil & Gas Refining & MarketingMarathon Petroleum Corporation0.25+660%1.39−4.0%+86.6%32.3%+9.1%
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Common questions

What was ABNB's worst drawdown?

ABNB's deepest decline since it began trading in 2020 was 62.0%, from February 2021 to December 2022. It has not yet climbed back to that peak. Because ABNB launched in December 2020, that record does not include the dot-com bust, the 2008 financial crisis or six other sell-offs.

What were ABNB's best and worst years?

Over five full calendar years, ABNB's best year was 2023, when it returned 59.2%. Its worst was 2022, with a return of -48.6%.

Is there a better investment than ABNB?

Among ABNB's popular alternatives, HLT, BKNG and MAR earned more than ABNB with less volatility over the past 5 years. HLT returned 20.7% a year at 26.8% volatility, against 1.1% a year at 44.3%. Looking beyond its popular alternatives, GOOG (internet services) and GDDY (internet services) earned more than ABNB with less volatility over the past 5 years. GOOG returned 18.5% a year at 32.0% volatility, against 1.1% a year at 44.3%.

Is ABNB more volatile than the S&P 500?

Yes. ABNB's volatility over the past 5 years was 44.3%, 2.6 times the S&P 500's 17.2%. Volatility measures how widely returns swing around their average: in roughly two years out of three, ABNB's return lands within 44.3% of its average, either way. The higher it is, the rougher the ride and the harder it is to hold through a slump.

What is ABNB's Sharpe ratio?

ABNB's Sharpe ratio over the past 5 years was 0.24, against 0.78 for the S&P 500, so ABNB earned less for each unit of risk than an index fund did. The Sharpe ratio is the return earned above cash for each unit of volatility: two investments with the same return are not equal if one got there with far bigger swings.

How correlated is ABNB with the S&P 500?

Over the past 5 years, ABNB's monthly returns had a correlation of 0.51 with the S&P 500. Correlation runs from 1 (moving in lockstep) through 0 (unrelated) to −1 (moving in opposite directions). They often move together: some diversification next to an index fund, but not a cushion. In the table, the correlation column measures each option against ABNB instead: the lower it is, the more that option would diversify a ABNB holding.

What are the best alternatives to ABNB?

None of the ten popular alternatives we compared outperformed ABNB in at least 3 of 5 short-term and 2 of 2 long-term timeframes, which says more about ABNB's strength than about its alternatives.

Did ABNB outperform the S&P 500?

ABNB finished ahead of the S&P 500 (SPY) in one of five full calendar years. In 2025, it returned +3.3%, against +17.7% for the index.

How did ABNB do in stock market crashes?

ABNB fell less than the S&P 500 (SPY) in none of the two major crashes it has traded through, and further in two. The clearest case was the 2022 bear market, when ABNB fell 52.3% and the S&P 500 fell 24.5%.

What diversifies ABNB?

These had a low correlation with ABNB over the past 5 years and still earned a positive 5-year return: among large ETFs, LVHI (correlation 0.33), DXJ (correlation 0.41) and PJUL (correlation 0.48); among large stocks, CAH (correlation 0.18), CLS (correlation 0.28) and MCK (correlation 0.04). A correlation near zero means the two have moved largely independently.

How we measure

More research

Popular alternatives to ABNB

Other stocks and ETFs