AVGO vs MO: Correlation
Measured on weekly returns over the past three years, Broadcom (AVGO) and Altria (MO) carry a correlation of -0.22, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AVGO and MO?
On 3 years of weekly data the AVGO/MO correlation comes out at -0.22, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.24 over 1 year against -0.22 over 3. The 5-year figure is -0.09, and annualized covariance runs at -243.6 %².
Out of 33 assets tracked against AVGO, MO lands near the bottom at #29. The last year tells two different stories: AVGO led by 15.9 percentage points, +24.7% for AVGO against +8.8% for MO. Do not treat this figure as fixed: across three years the rolling one-year correlation ranged all the way from -0.46 to 0.08. Note the risk asymmetry: AVGO runs 2.4 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 MO: side by side
| AVGO (Broadcom) | MO (Altria) | |
|---|---|---|
| 1-year return | +24.7% | +8.8% |
| 5-year return | +718.0% | +100.4% |
| Volatility (ann.) | 51.3% | 21.8% |
| Beta vs S&P 500 | 2.45 | -0.07 |
| Max drawdown (3Y) | -41.1% | -16.4% |
| Market cap | $1,767.6B | $113.0B |
| P/E (trailing) | 59.2 | 14.6 |
| Dividend yield | 0.71% | 6.13% |
| Sector / category | Information Technology | Consumer Staples |
Year-by-year returns
| Year | AVGO | MO |
|---|---|---|
| 2022 | -13.3% | +4.4% |
| 2023 | +104.2% | -3.7% |
| 2024 | +110.5% | +40.8% |
| 2025 | +50.6% | +18.2% |
| 2026 | +7.7% | +21.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AVGO and MO good diversifiers for each other?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
FAQ
What is the correlation between AVGO and MO?
As of 2026-08-27, the correlation of weekly returns between AVGO and MO is -0.22 over 3 years, -0.24 over 1 year and -0.09 over 5 years.
Is MO a good diversifier for AVGO?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
What does a correlation of -0.22 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.
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Related comparisons
Hubs: AVGO correlations · MO correlations
