AVGO vs DUK: Correlation
Measured on weekly returns over the past three years, Broadcom (AVGO) and Duke Energy (DUK) carry a correlation of -0.20, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AVGO and DUK?
Over the past 3 years, AVGO and DUK moved with a correlation of -0.20, which is negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.13) sits close to the 3-year figure. Over 5 years the correlation is -0.05, and the annualized covariance of weekly returns is -165.0 %².
By 3-year correlation, DUK places #27 of the 33 assets tracked against AVGO. The last year tells two different stories: AVGO led by 23.6 percentage points, +24.7% for AVGO against +1.1% for DUK. The rolling one-year correlation moved between -0.38 and 0.09 over the past three years, a moderate range. One caveat on sizing: AVGO is 3.2 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.
AVGO vs DUK: side by side
| AVGO (Broadcom) | DUK (Duke Energy) | |
|---|---|---|
| 1-year return | +24.7% | +1.1% |
| 5-year return | +718.0% | +39.8% |
| Volatility (ann.) | 51.3% | 15.9% |
| Beta vs S&P 500 | 2.45 | -0.09 |
| Max drawdown (3Y) | -41.1% | -11.6% |
| Market cap | $1,767.6B | $94.2B |
| P/E (trailing) | 59.2 | 18.3 |
| Dividend yield | 0.71% | 3.49% |
| Sector / category | Information Technology | Utilities |
Year-by-year returns
| Year | AVGO | DUK |
|---|---|---|
| 2022 | -13.3% | +2.0% |
| 2023 | +104.2% | -1.6% |
| 2024 | +110.5% | +15.6% |
| 2025 | +50.6% | +12.7% |
| 2026 | +7.7% | +5.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AVGO and DUK good diversifiers for each other?
Yes: at -0.20, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between AVGO and DUK?
As of 2026-08-27, the correlation of weekly returns between AVGO and DUK is -0.20 over 3 years, -0.13 over 1 year and -0.05 over 5 years.
Is DUK a good diversifier for AVGO?
Yes: at -0.20, the two have gone their own ways historically, which is what genuine diversification looks like.
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/avgo-vs-duk.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/avgo-vs-duk/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AVGO correlations · DUK correlations
