AVGO vs JZXN: Correlation
How closely do Broadcom (AVGO) and Jiuzi Holdings, Inc. (JZXN) trade together? Their weekly returns over three years give a correlation of 0.28, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AVGO and JZXN?
On 3 years of weekly data the AVGO/JZXN correlation comes out at 0.28, weak. Little has changed lately, as the 1-year reading of 0.35 lands near the 3-year figure. The 5-year figure is 0.24, and annualized covariance runs at 2459.4 %².
By 3-year correlation, JZXN places #23 of the 33 assets tracked against AVGO. Correlation aside, the last 12 months split them widely, with AVGO ahead by 121.3 points (+24.7% versus -96.6%). Risk is not evenly split, since JZXN carries 3.3 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 JZXN: side by side
| AVGO (Broadcom) | JZXN (Jiuzi Holdings, Inc.) | |
|---|---|---|
| 1-year return | +24.7% | -96.6% |
| 5-year return | +718.0% | -100.0% |
| Volatility (ann.) | 51.3% | 171.7% |
| Beta vs S&P 500 | 2.45 | 2.26 |
| Max drawdown (3Y) | -41.1% | -100.0% |
| Market cap | $1,767.6B | – |
| P/E (trailing) | 59.2 | – |
| Dividend yield | 0.71% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | AVGO | JZXN |
|---|---|---|
| 2022 | -13.3% | -92.0% |
| 2023 | +104.2% | -58.7% |
| 2024 | +110.5% | -87.7% |
| 2025 | +50.6% | -96.9% |
| 2026 | +7.7% | -34.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AVGO and JZXN good diversifiers for each other?
A fair diversifier. At 0.28, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between AVGO and JZXN?
The AVGO/JZXN correlation stands at 0.28 on a 3-year window (1 year: 0.35, 5 years: 0.24), computed from weekly returns as of 2026-08-27.
Is JZXN a good diversifier for AVGO?
A fair diversifier. At 0.28, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.28 mean?
A reading of 0.28 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-jzxn.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/avgo-vs-jzxn/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AVGO correlations · JZXN correlations
