AAPL vs AVGO: Correlation
Measured on weekly returns over the past three years, Apple Inc. (AAPL) and Broadcom (AVGO) carry a correlation of 0.39, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AAPL and AVGO?
On 3 years of weekly data the AAPL/AVGO correlation comes out at 0.39, moderate. The link has loosened recently: the 1-year correlation (0.29) runs below the 3-year figure (0.39). The 5-year figure is 0.45, and annualized covariance runs at 549.9 %².
Within AAPL's tracked universe of 32 assets, AVGO comes in at #18 by 3-year correlation. On 12-month performance AAPL holds a 12.3-point edge, +37.0% against +24.7%. The rolling one-year correlation moved between 0.28 and 0.56 over the past three years, a moderate range. Note the risk asymmetry: AVGO runs 1.9 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
AAPL vs AVGO: side by side
| AAPL (Apple Inc.) | AVGO (Broadcom) | |
|---|---|---|
| 1-year return | +37.0% | +24.7% |
| 5-year return | +110.6% | +718.0% |
| Volatility (ann.) | 27.2% | 51.3% |
| Beta vs S&P 500 | 1.06 | 2.45 |
| Max drawdown (3Y) | -33.4% | -41.1% |
| Market cap | $4,591.0B | $1,767.6B |
| P/E (trailing) | 36.1 | 59.2 |
| Dividend yield | 0.33% | 0.71% |
| Sector / category | Information Technology | Information Technology |
Year-by-year returns
| Year | AAPL | AVGO |
|---|---|---|
| 2022 | -26.4% | -13.3% |
| 2023 | +49.0% | +104.2% |
| 2024 | +30.7% | +110.5% |
| 2025 | +9.1% | +50.6% |
| 2026 | +16.0% | +7.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AAPL and AVGO good diversifiers for each other?
A fair diversifier. At 0.39, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between AAPL and AVGO?
As of 2026-08-27, the correlation of weekly returns between AAPL and AVGO is 0.39 over 3 years, 0.29 over 1 year and 0.45 over 5 years.
Is AVGO a good diversifier for AAPL?
A fair diversifier. At 0.39, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.39 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/aapl-vs-avgo.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/aapl-vs-avgo/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AAPL correlations · AVGO correlations
