AVGO vs IVV: Correlation
Measured on weekly returns over the past three years, Broadcom (AVGO) and iShares Core S&P 500 ETF (IVV) carry a correlation of 0.69, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AVGO and IVV?
On 3 years of weekly data the AVGO/IVV correlation comes out at 0.69, strong. The relationship has been stable: the 1-year correlation (0.70) sits close to the 3-year figure. The 5-year figure is 0.66, and annualized covariance runs at 515.7 %².
Among the 33 assets we track against AVGO, IVV ranks #9 by 3-year correlation. Twelve-month performance is nearly a tie, at +24.7% for AVGO and +20.7% for IVV. Across three years, the rolling one-year figure varied moderately, from 0.47 to 0.80. One caveat on sizing: AVGO is 3.5 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.
AVGO vs IVV: side by side
| AVGO (Broadcom) | IVV (iShares Core S&P 500 ETF) | |
|---|---|---|
| 1-year return | +24.7% | +20.7% |
| 5-year return | +718.0% | +83.0% |
| Volatility (ann.) | 51.3% | 14.5% |
| Beta vs S&P 500 | 2.45 | 1.00 |
| Max drawdown (3Y) | -41.1% | -18.8% |
| Market cap | $1,767.6B | – |
| P/E (trailing) | 59.2 | – |
| Dividend yield | 0.71% | 1.09% |
| Expense ratio | – | 0.03% |
| Assets under management | – | $869.2B |
| Sector / category | Information Technology | ETF · US Large Cap |
IVV is a Large Blend fund from iShares: $869.2B under management, 503 holdings, a 0.03% expense ratio, a 1.09% trailing dividend yield.
Year-by-year returns
| Year | AVGO | IVV |
|---|---|---|
| 2022 | -13.3% | -18.2% |
| 2023 | +104.2% | +26.3% |
| 2024 | +110.5% | +24.9% |
| 2025 | +50.6% | +17.8% |
| 2026 | +7.7% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
AVGO represents 2.54% of IVV's portfolio, so part of any move in IVV is AVGO itself, and the correlation between them is partly mechanical.
Are AVGO and IVV good diversifiers for each other?
Only partially. A correlation of 0.69 means AVGO and IVV 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 IVV?
As of 2026-08-27, the correlation of weekly returns between AVGO and IVV is 0.69 over 3 years, 0.70 over 1 year and 0.66 over 5 years.
Is IVV a good diversifier for AVGO?
Only partially. A correlation of 0.69 means AVGO and IVV share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.69 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/avgo-vs-ivv.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/avgo-vs-ivv/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AVGO correlations · IVV correlations
