AVGO vs SPYG: Correlation
Measured on weekly returns over the past three years, Broadcom (AVGO) and SPDR Portfolio S&P 500 Growth ETF (SPYG) carry a correlation of 0.78, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AVGO and SPYG?
On 3 years of weekly data the AVGO/SPYG correlation comes out at 0.78, strong. Little has changed lately, as the 1-year reading of 0.76 lands near the 3-year figure. The 5-year figure is 0.73, and annualized covariance runs at 753.7 %².
In AVGO's tracked universe of 33 assets, SPYG sits right near the top at #2. Twelve-month performance is nearly a tie, at +24.7% for AVGO and +22.4% for SPYG. On a rolling one-year basis the correlation drifted between 0.49 and 0.84, a moderate band. One caveat on sizing: AVGO is 2.7 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 SPYG: side by side
| AVGO (Broadcom) | SPYG (SPDR Portfolio S&P 500 Growth ETF) | |
|---|---|---|
| 1-year return | +24.7% | +22.4% |
| 5-year return | +718.0% | +85.9% |
| Volatility (ann.) | 51.3% | 18.9% |
| Beta vs S&P 500 | 2.45 | 1.25 |
| Max drawdown (3Y) | -41.1% | -22.1% |
| Market cap | $1,767.6B | – |
| P/E (trailing) | 59.2 | – |
| Dividend yield | 0.71% | 0.49% |
| Expense ratio | – | 0.04% |
| Assets under management | – | $52.2B |
| Sector / category | Information Technology | ETF · US Style |
SPYG is a Large Growth fund from State Street Investment Management: $52.2B under management, 148 holdings, a 0.04% expense ratio, a 0.49% trailing dividend yield.
Year-by-year returns
| Year | AVGO | SPYG |
|---|---|---|
| 2022 | -13.3% | -29.4% |
| 2023 | +104.2% | +30.0% |
| 2024 | +110.5% | +36.0% |
| 2025 | +50.6% | +22.1% |
| 2026 | +7.7% | +14.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
A structural note: 4.71% of SPYG is AVGO itself, so the fund partly moves with the stock by construction.
Are AVGO and SPYG good diversifiers for each other?
To a limited degree. At 0.78 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 SPYG?
As of 2026-08-27, the correlation of weekly returns between AVGO and SPYG is 0.78 over 3 years, 0.76 over 1 year and 0.73 over 5 years.
Is SPYG a good diversifier for AVGO?
To a limited degree. At 0.78 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 0.78 mean?
On the −1 to +1 scale, 0.78 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-spyg.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/avgo-vs-spyg/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AVGO correlations · SPYG correlations
