AVGO vs STK: Correlation
Measured on weekly returns over the past three years, Broadcom (AVGO) and Columbia Seligman Premium Technology Growth Fund Inc (STK) carry a correlation of 0.67, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AVGO and STK?
On 3 years of weekly data the AVGO/STK correlation comes out at 0.67, strong. Recent behaviour matches the longer record: 0.66 over 1 year against 0.67 over 3. The 5-year figure is 0.66, and annualized covariance runs at 913.7 %².
Within AVGO's tracked universe of 33 assets, STK comes in at #13 by 3-year correlation. The last year tells two different stories: STK led by 52.1 percentage points, +24.7% for AVGO against +76.8% for STK. Risk is not evenly split, since AVGO carries 1.9 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 STK: side by side
| AVGO (Broadcom) | STK (Columbia Seligman Premium Technology Growth Fund Inc) | |
|---|---|---|
| 1-year return | +24.7% | +76.8% |
| 5-year return | +718.0% | +153.2% |
| Volatility (ann.) | 51.3% | 26.4% |
| Beta vs S&P 500 | 2.45 | 1.51 |
| Max drawdown (3Y) | -41.1% | -26.6% |
| Market cap | $1,767.6B | – |
| P/E (trailing) | 59.2 | 5.9 |
| Dividend yield | 0.71% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | AVGO | STK |
|---|---|---|
| 2022 | -13.3% | -30.4% |
| 2023 | +104.2% | +49.2% |
| 2024 | +110.5% | +17.7% |
| 2025 | +50.6% | +24.9% |
| 2026 | +7.7% | +47.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AVGO and STK good diversifiers for each other?
Somewhat, no more. With 0.67 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between AVGO and STK?
Using weekly returns as of 2026-08-27: 0.67 over 3 years, with 0.66 over the last year and 0.66 over 5 years.
Is STK a good diversifier for AVGO?
Somewhat, no more. With 0.67 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.67 mean?
A reading of 0.67 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/avgo-vs-stk.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/avgo-vs-stk/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AVGO correlations · STK correlations
