AVA vs AVGO: Correlation
Avista Corporation (AVA) and Broadcom (AVGO) show a negative relationship: their 3-year correlation of weekly returns is -0.20.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AVA and AVGO?
On 3 years of weekly data the AVA/AVGO correlation comes out at -0.20, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.10 over 1 year against -0.20 over 3. The 5-year figure is -0.05, and annualized covariance runs at -206.7 %².
Among the 20 assets we track against AVA, AVGO sits near the bottom by co-movement, at rank #16. Their recent paths diverged sharply: over the last 12 months AVGO outperformed by 17.8 percentage points (+6.9% for AVA against +24.7% for AVGO). One caveat on sizing: AVGO is 2.6 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.
AVA vs AVGO: side by side
| AVA (Avista Corporation) | AVGO (Broadcom) | |
|---|---|---|
| 1-year return | +6.9% | +24.7% |
| 5-year return | +15.3% | +718.0% |
| Volatility (ann.) | 19.8% | 51.3% |
| Beta vs S&P 500 | 0.05 | 2.45 |
| Max drawdown (3Y) | -14.0% | -41.1% |
| Market cap | $3.2B | $1,767.6B |
| P/E (trailing) | 13.8 | 59.2 |
| Dividend yield | 5.15% | 0.71% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | AVA | AVGO |
|---|---|---|
| 2022 | +8.8% | -13.3% |
| 2023 | -15.3% | +104.2% |
| 2024 | +7.8% | +110.5% |
| 2025 | +10.7% | +50.6% |
| 2026 | +1.6% | +7.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AVA and AVGO good diversifiers for each other?
Yes. With a correlation of -0.20, AVA and AVGO have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between AVA and AVGO?
As of 2026-08-27, the correlation of weekly returns between AVA and AVGO is -0.20 over 3 years, -0.10 over 1 year and -0.05 over 5 years.
Is AVGO a good diversifier for AVA?
Yes. With a correlation of -0.20, AVA and AVGO have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.20 mean?
On the −1 to +1 scale, -0.20 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/ava-vs-avgo.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ava-vs-avgo/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AVA correlations · AVGO correlations
