AVGO vs VOO: Correlation
Measured on weekly returns over the past three years, Broadcom (AVGO) and Vanguard S&P 500 ETF (VOO) carry a correlation of 0.69, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AVGO and VOO?
Across a 3-year window, the weekly returns of AVGO and VOO correlate at 0.69, strong. The relationship has been stable: the 1-year correlation (0.70) sits close to the 3-year figure. Stretching to 5 years gives 0.66, with an annualized covariance of 509.7 %².
Among the 33 assets we track against AVGO, VOO ranks #12 by 3-year correlation. Neither side won the trailing year by much: +24.7% against +20.6%. The rolling one-year correlation moved between 0.46 and 0.80 over the past three years, a moderate range. One caveat on sizing: AVGO is 3.6 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 VOO: side by side
| AVGO (Broadcom) | VOO (Vanguard S&P 500 ETF) | |
|---|---|---|
| 1-year return | +24.7% | +20.6% |
| 5-year return | +718.0% | +83.0% |
| Volatility (ann.) | 51.3% | 14.4% |
| Beta vs S&P 500 | 2.45 | 0.99 |
| Max drawdown (3Y) | -41.1% | -18.7% |
| Market cap | $1,767.6B | – |
| P/E (trailing) | 59.2 | – |
| Dividend yield | 0.71% | 1.07% |
| Expense ratio | – | 0.03% |
| Assets under management | – | $1,686.9B |
| Sector / category | Information Technology | ETF · US Large Cap |
VOO, Vanguard's Large Blend fund, carries $1,686.9B under management, 503 holdings, a 0.03% expense ratio, a 1.07% trailing dividend yield.
Year-by-year returns
| Year | AVGO | VOO |
|---|---|---|
| 2022 | -13.3% | -18.2% |
| 2023 | +104.2% | +26.3% |
| 2024 | +110.5% | +25.0% |
| 2025 | +50.6% | +17.8% |
| 2026 | +7.7% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
Keep in mind that VOO holds AVGO at a 2.87% weight, which makes a slice of this correlation mechanical rather than coincidental.
Are AVGO and VOO good diversifiers for each other?
To a limited degree. At 0.69 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 VOO?
The AVGO/VOO correlation stands at 0.69 on a 3-year window (1 year: 0.70, 5 years: 0.66), computed from weekly returns as of 2026-08-27.
Is VOO a good diversifier for AVGO?
To a limited degree. At 0.69 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 0.69 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.
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Related comparisons
Hubs: AVGO correlations · VOO correlations
