AVGO vs MRVL: Correlation
Measured on weekly returns over the past three years, Broadcom (AVGO) and Marvell Technology (MRVL) carry a correlation of 0.55, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AVGO and MRVL?
Over the past 3 years, AVGO and MRVL moved with a correlation of 0.55, which is moderate. The link has loosened recently: the 1-year correlation (0.34) runs below the 3-year figure (0.55). Over 5 years the correlation is 0.59, and the annualized covariance of weekly returns is 1618.8 %².
By 3-year correlation, MRVL places #20 of the 33 assets tracked against AVGO. Their recent paths diverged sharply: over the last 12 months MRVL outperformed by 198.8 percentage points (+24.7% for AVGO against +223.5% for MRVL). This link changes with the market regime, having swung between 0.23 and 0.78 on a rolling one-year basis.
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 MRVL: side by side
| AVGO (Broadcom) | MRVL (Marvell Technology) | |
|---|---|---|
| 1-year return | +24.7% | +223.5% |
| 5-year return | +718.0% | +297.0% |
| Volatility (ann.) | 51.3% | 57.8% |
| Beta vs S&P 500 | 2.45 | 2.19 |
| Max drawdown (3Y) | -41.1% | -60.8% |
| Market cap | $1,767.6B | $217.0B |
| P/E (trailing) | 59.2 | 82.7 |
| Dividend yield | 0.71% | 0.10% |
| Sector / category | Information Technology | Information Technology |
Year-by-year returns
| Year | AVGO | MRVL |
|---|---|---|
| 2022 | -13.3% | -57.5% |
| 2023 | +104.2% | +63.7% |
| 2024 | +110.5% | +83.8% |
| 2025 | +50.6% | -22.8% |
| 2026 | +7.7% | +184.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AVGO and MRVL good diversifiers for each other?
Only partially. A correlation of 0.55 means AVGO and MRVL 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 MRVL?
As of 2026-08-27, the correlation of weekly returns between AVGO and MRVL is 0.55 over 3 years, 0.34 over 1 year and 0.59 over 5 years.
Is MRVL a good diversifier for AVGO?
Only partially. A correlation of 0.55 means AVGO and MRVL share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.55 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-mrvl.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/avgo-vs-mrvl/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AVGO correlations · MRVL correlations
