AVGO vs NVDA: Correlation
Measured on weekly returns over the past three years, Broadcom (AVGO) and Nvidia (NVDA) carry a correlation of 0.63, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AVGO and NVDA?
On 3 years of weekly data the AVGO/NVDA correlation comes out at 0.63, strong. The past 12 months show a weaker link (0.51) than the 3-year average (0.63). The 5-year figure is 0.63, and annualized covariance runs at 1433.3 %².
Among the 33 assets we track against AVGO, NVDA ranks #16 by 3-year correlation. Twelve-month performance is nearly a tie, at +24.7% for AVGO and +25.7% for NVDA. Across three years, the rolling one-year figure varied moderately, from 0.42 to 0.72.
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 NVDA: side by side
| AVGO (Broadcom) | NVDA (Nvidia) | |
|---|---|---|
| 1-year return | +24.7% | +25.7% |
| 5-year return | +718.0% | +908.3% |
| Volatility (ann.) | 51.3% | 44.5% |
| Beta vs S&P 500 | 2.45 | 2.18 |
| Max drawdown (3Y) | -41.1% | -36.9% |
| Market cap | $1,767.6B | $5,505.0B |
| P/E (trailing) | 59.2 | 32.2 |
| Dividend yield | 0.71% | 0.00% |
| Sector / category | Information Technology | Information Technology |
Year-by-year returns
| Year | AVGO | NVDA |
|---|---|---|
| 2022 | -13.3% | -50.3% |
| 2023 | +104.2% | +239.0% |
| 2024 | +110.5% | +171.2% |
| 2025 | +50.6% | +38.9% |
| 2026 | +7.7% | +22.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AVGO and NVDA good diversifiers for each other?
To a limited degree. At 0.63 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 NVDA?
Using weekly returns as of 2026-08-27: 0.63 over 3 years, with 0.51 over the last year and 0.63 over 5 years.
Is NVDA a good diversifier for AVGO?
To a limited degree. At 0.63 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 0.63 mean?
On the −1 to +1 scale, 0.63 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/avgo-vs-nvda.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/avgo-vs-nvda/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AVGO correlations · NVDA correlations
