AVGO vs MPWR: Correlation
Broadcom (AVGO) and Monolithic Power Systems (MPWR) show a strong relationship: their 3-year correlation of weekly returns is 0.61.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AVGO and MPWR?
Over the past 3 years, AVGO and MPWR moved with a correlation of 0.61, which is strong. The relationship has been stable: the 1-year correlation (0.51) sits close to the 3-year figure. Over 5 years the correlation is 0.62, and the annualized covariance of weekly returns is 1499.6 %².
Among the 33 assets we track against AVGO, MPWR ranks #17 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months MPWR outperformed by 27.7 percentage points (+24.7% for AVGO against +52.4% for MPWR). Across three years, the rolling one-year figure varied moderately, from 0.45 to 0.77.
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 MPWR: side by side
| AVGO (Broadcom) | MPWR (Monolithic Power Systems) | |
|---|---|---|
| 1-year return | +24.7% | +52.4% |
| 5-year return | +718.0% | +170.3% |
| Volatility (ann.) | 51.3% | 48.1% |
| Beta vs S&P 500 | 2.45 | 2.22 |
| Max drawdown (3Y) | -41.1% | -51.6% |
| Market cap | $1,767.6B | $64.4B |
| P/E (trailing) | 59.2 | 79.4 |
| Dividend yield | 0.71% | 0.55% |
| Sector / category | Information Technology | Information Technology |
Year-by-year returns
| Year | AVGO | MPWR |
|---|---|---|
| 2022 | -13.3% | -27.8% |
| 2023 | +104.2% | +79.8% |
| 2024 | +110.5% | -5.6% |
| 2025 | +50.6% | +54.5% |
| 2026 | +7.7% | +45.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AVGO and MPWR good diversifiers for each other?
To a limited degree. At 0.61 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between AVGO and MPWR?
The AVGO/MPWR correlation stands at 0.61 on a 3-year window (1 year: 0.51, 5 years: 0.62), computed from weekly returns as of 2026-08-27.
Is MPWR a good diversifier for AVGO?
To a limited degree. At 0.61 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.61 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-mpwr.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/avgo-vs-mpwr/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AVGO correlations · MPWR correlations
