AVGO vs SOXX: Correlation
Broadcom (AVGO) and iShares Semiconductor ETF (SOXX) show a strong relationship: their 3-year correlation of weekly returns is 0.72.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AVGO and SOXX?
Over the past 3 years, AVGO and SOXX moved with a correlation of 0.72, which is strong. Little has changed lately, as the 1-year reading of 0.62 lands near the 3-year figure. Over 5 years the correlation is 0.73, and the annualized covariance of weekly returns is 1298.7 %².
By 3-year correlation, SOXX places #8 of the 33 assets tracked against AVGO. Correlation aside, the last 12 months split them widely, with SOXX ahead by 85.3 points (+24.7% versus +110.0%). The rolling one-year correlation moved between 0.56 and 0.86 over the past three years, a moderate range.
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 SOXX: side by side
| AVGO (Broadcom) | SOXX (iShares Semiconductor ETF) | |
|---|---|---|
| 1-year return | +24.7% | +110.0% |
| 5-year return | +718.0% | +247.5% |
| Volatility (ann.) | 51.3% | 35.2% |
| Beta vs S&P 500 | 2.45 | 1.93 |
| Max drawdown (3Y) | -41.1% | -41.4% |
| Market cap | $1,767.6B | – |
| P/E (trailing) | 59.2 | – |
| Dividend yield | 0.71% | 0.29% |
| Expense ratio | – | 0.33% |
| Assets under management | – | $44.7B |
| Sector / category | Information Technology | ETF · Thematic |
On the fund side, SOXX sits in the Technology category at iShares, with $44.7B under management, 30 holdings, a 0.33% expense ratio, a 0.29% trailing dividend yield.
Year-by-year returns
| Year | AVGO | SOXX |
|---|---|---|
| 2022 | -13.3% | -35.1% |
| 2023 | +104.2% | +67.1% |
| 2024 | +110.5% | +12.9% |
| 2025 | +50.6% | +40.7% |
| 2026 | +7.7% | +74.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
A structural note: 7.11% of SOXX is AVGO itself, so the fund partly moves with the stock by construction.
Are AVGO and SOXX good diversifiers for each other?
Only partially. A correlation of 0.72 means AVGO and SOXX 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 SOXX?
The AVGO/SOXX correlation stands at 0.72 on a 3-year window (1 year: 0.62, 5 years: 0.73), computed from weekly returns as of 2026-08-27.
Is SOXX a good diversifier for AVGO?
Only partially. A correlation of 0.72 means AVGO and SOXX share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.72 mean?
On the −1 to +1 scale, 0.72 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-soxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/avgo-vs-soxx/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AVGO correlations · SOXX correlations
