APH vs AVGO: Correlation
How closely do Amphenol (APH) and Broadcom (AVGO) trade together? Their weekly returns over three years give a correlation of 0.57, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are APH and AVGO?
Across a 3-year window, the weekly returns of APH and AVGO correlate at 0.57, moderate. Little has changed lately, as the 1-year reading of 0.47 lands near the 3-year figure. Stretching to 5 years gives 0.60, with an annualized covariance of 989.4 %².
By 3-year correlation, AVGO places #21 of the 38 assets tracked against APH. The last year tells two different stories: APH led by 22.8 percentage points, +47.5% for APH against +24.7% for AVGO. Across three years, the rolling one-year figure varied moderately, from 0.43 to 0.72. One caveat on sizing: AVGO is 1.5 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
APH vs AVGO: side by side
| APH (Amphenol) | AVGO (Broadcom) | |
|---|---|---|
| 1-year return | +47.5% | +24.7% |
| 5-year return | +338.9% | +718.0% |
| Volatility (ann.) | 33.6% | 51.3% |
| Beta vs S&P 500 | 1.57 | 2.45 |
| Max drawdown (3Y) | -28.2% | -41.1% |
| Market cap | $199.0B | $1,767.6B |
| P/E (trailing) | 40.3 | 59.2 |
| Dividend yield | 0.57% | 0.71% |
| Sector / category | Information Technology | Information Technology |
Year-by-year returns
| Year | APH | AVGO |
|---|---|---|
| 2022 | -12.0% | -13.3% |
| 2023 | +31.5% | +104.2% |
| 2024 | +41.3% | +110.5% |
| 2025 | +96.1% | +50.6% |
| 2026 | +19.8% | +7.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are APH and AVGO good diversifiers for each other?
Somewhat, no more. With 0.57 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between APH and AVGO?
The APH/AVGO correlation stands at 0.57 on a 3-year window (1 year: 0.47, 5 years: 0.60), computed from weekly returns as of 2026-08-27.
Is AVGO a good diversifier for APH?
Somewhat, no more. With 0.57 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.57 mean?
On the −1 to +1 scale, 0.57 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/aph-vs-avgo.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/aph-vs-avgo/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: APH correlations · AVGO correlations
