AVGO vs CIEN: Correlation
Broadcom (AVGO) and Ciena (CIEN) show a moderate relationship: their 3-year correlation of weekly returns is 0.51.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AVGO and CIEN?
Over the past 3 years, AVGO and CIEN moved with a correlation of 0.51, which is moderate. The past 12 months show a weaker link (0.41) than the 3-year average (0.51). Over 5 years the correlation is 0.53, and the annualized covariance of weekly returns is 1318.9 %².
Within AVGO's tracked universe of 33 assets, CIEN comes in at #21 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months CIEN outperformed by 306.5 percentage points (+24.7% for AVGO against +331.2% for CIEN). On a rolling one-year basis the correlation drifted between 0.29 and 0.77, a moderate band.
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 CIEN: side by side
| AVGO (Broadcom) | CIEN (Ciena) | |
|---|---|---|
| 1-year return | +24.7% | +331.2% |
| 5-year return | +718.0% | +598.5% |
| Volatility (ann.) | 51.3% | 50.1% |
| Beta vs S&P 500 | 2.45 | 1.59 |
| Max drawdown (3Y) | -41.1% | -47.3% |
| Market cap | $1,767.6B | $56.6B |
| P/E (trailing) | 59.2 | 133.7 |
| Dividend yield | 0.71% | 0.00% |
| Sector / category | Information Technology | Information Technology |
Year-by-year returns
| Year | AVGO | CIEN |
|---|---|---|
| 2022 | -13.3% | -33.8% |
| 2023 | +104.2% | -11.7% |
| 2024 | +110.5% | +88.4% |
| 2025 | +50.6% | +175.8% |
| 2026 | +7.7% | +71.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AVGO and CIEN good diversifiers for each other?
Only partially. A correlation of 0.51 means AVGO and CIEN share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between AVGO and CIEN?
Using weekly returns as of 2026-08-27: 0.51 over 3 years, with 0.41 over the last year and 0.53 over 5 years.
Is CIEN a good diversifier for AVGO?
Only partially. A correlation of 0.51 means AVGO and CIEN share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.51 mean?
A reading of 0.51 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-cien.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/avgo-vs-cien/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AVGO correlations · CIEN correlations
