AVGO vs QQQ: Correlation
Measured on weekly returns over the past three years, Broadcom (AVGO) and Invesco QQQ Trust (QQQ) carry a correlation of 0.77, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AVGO and QQQ?
Over the past 3 years, AVGO and QQQ moved with a correlation of 0.77, which is strong. The relationship has been stable: the 1-year correlation (0.71) sits close to the 3-year figure. Over 5 years the correlation is 0.73, and the annualized covariance of weekly returns is 774.6 %².
Few assets follow AVGO as closely as QQQ, which ranks #3 of 33 tracked partners. Their 12-month results are close: +24.7% for AVGO against +26.3% for QQQ. The rolling one-year correlation moved between 0.58 and 0.87 over the past three years, a moderate range. Risk is not evenly split, since AVGO carries 2.6 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 QQQ: side by side
| AVGO (Broadcom) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +24.7% | +26.3% |
| 5-year return | +718.0% | +95.4% |
| Volatility (ann.) | 51.3% | 19.6% |
| Beta vs S&P 500 | 2.45 | 1.28 |
| Max drawdown (3Y) | -41.1% | -22.8% |
| Market cap | $1,767.6B | – |
| P/E (trailing) | 59.2 | – |
| Dividend yield | 0.71% | 0.44% |
| Expense ratio | – | 0.18% |
| Assets under management | – | $452.8B |
| Sector / category | Information Technology | ETF · US Growth & Tech |
QQQ is a Large Growth fund from Invesco: $452.8B under management, 104 holdings, a 0.18% expense ratio, a 0.44% trailing dividend yield.
Year-by-year returns
| Year | AVGO | QQQ |
|---|---|---|
| 2022 | -13.3% | -32.6% |
| 2023 | +104.2% | +54.9% |
| 2024 | +110.5% | +25.6% |
| 2025 | +50.6% | +20.8% |
| 2026 | +7.7% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
Keep in mind that QQQ holds AVGO at a 2.71% weight, which makes a slice of this correlation mechanical rather than coincidental.
Are AVGO and QQQ good diversifiers for each other?
Somewhat, no more. With 0.77 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between AVGO and QQQ?
Using weekly returns as of 2026-08-27: 0.77 over 3 years, with 0.71 over the last year and 0.73 over 5 years.
Is QQQ a good diversifier for AVGO?
Somewhat, no more. With 0.77 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.77 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
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[](https://www.pairbook.io/pair/avgo-vs-qqq/)
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Related comparisons
Hubs: AVGO correlations · QQQ correlations
