AVGO vs BCE: Correlation
How closely do Broadcom (AVGO) and BCE, Inc. (BCE) trade together? Their weekly returns over three years give a correlation of -0.20, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AVGO and BCE?
On 3 years of weekly data the AVGO/BCE correlation comes out at -0.20, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.09) runs above the 3-year figure (-0.20). The 5-year figure is -0.06, and annualized covariance runs at -215.4 %².
Among the 33 assets we track against AVGO, BCE ranks #26 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months AVGO outperformed by 26.1 percentage points (+24.7% for AVGO against -1.4% for BCE). Risk is not evenly split, since AVGO carries 2.4 times the volatility of the other side.
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.
AVGO vs BCE: side by side
| AVGO (Broadcom) | BCE (BCE, Inc.) | |
|---|---|---|
| 1-year return | +24.7% | -1.4% |
| 5-year return | +718.0% | -36.8% |
| Volatility (ann.) | 51.3% | 21.5% |
| Beta vs S&P 500 | 2.45 | -0.06 |
| Max drawdown (3Y) | -41.1% | -43.5% |
| Market cap | $1,767.6B | $21.8B |
| P/E (trailing) | 59.2 | 4.8 |
| Dividend yield | 0.71% | 7.45% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | AVGO | BCE |
|---|---|---|
| 2022 | -13.3% | -10.6% |
| 2023 | +104.2% | -4.2% |
| 2024 | +110.5% | -35.5% |
| 2025 | +50.6% | +10.2% |
| 2026 | +7.7% | +0.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AVGO and BCE good diversifiers for each other?
Yes. With a correlation of -0.20, AVGO and BCE have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between AVGO and BCE?
Using weekly returns as of 2026-08-27: -0.20 over 3 years, with -0.09 over the last year and -0.06 over 5 years.
Is BCE a good diversifier for AVGO?
Yes. With a correlation of -0.20, AVGO and BCE have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.20 mean?
A reading of -0.20 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/avgo-vs-bce.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/avgo-vs-bce/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AVGO correlations · BCE correlations
