ANET vs AVGO: Correlation
Arista Networks (ANET) and Broadcom (AVGO) show a moderate relationship: their 3-year correlation of weekly returns is 0.59.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ANET and AVGO?
Across a 3-year window, the weekly returns of ANET and AVGO correlate at 0.59, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.47 versus 0.59 over 3 years. Stretching to 5 years gives 0.56, with an annualized covariance of 1478.2 %².
Within ANET's tracked universe of 35 assets, AVGO comes in at #18 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months ANET outperformed by 26.2 percentage points (+50.9% for ANET against +24.7% for AVGO). Across three years, the rolling one-year figure varied moderately, from 0.37 to 0.74.
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.
ANET vs AVGO: side by side
| ANET (Arista Networks) | AVGO (Broadcom) | |
|---|---|---|
| 1-year return | +50.9% | +24.7% |
| 5-year return | +764.7% | +718.0% |
| Volatility (ann.) | 49.3% | 51.3% |
| Beta vs S&P 500 | 2.20 | 2.45 |
| Max drawdown (3Y) | -50.4% | -41.1% |
| Market cap | $253.6B | $1,767.6B |
| P/E (trailing) | 64.0 | 59.2 |
| Dividend yield | 0.00% | 0.71% |
| Sector / category | Information Technology | Information Technology |
Year-by-year returns
| Year | ANET | AVGO |
|---|---|---|
| 2022 | -15.6% | -13.3% |
| 2023 | +94.1% | +104.2% |
| 2024 | +87.7% | +110.5% |
| 2025 | +18.5% | +50.6% |
| 2026 | +53.5% | +7.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ANET and AVGO good diversifiers for each other?
To a limited degree. At 0.59 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between ANET and AVGO?
As of 2026-08-27, the correlation of weekly returns between ANET and AVGO is 0.59 over 3 years, 0.47 over 1 year and 0.56 over 5 years.
Is AVGO a good diversifier for ANET?
To a limited degree. At 0.59 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.59 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/anet-vs-avgo.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/anet-vs-avgo/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ANET correlations · AVGO correlations
