AVGO vs VXX: Correlation
How closely do Broadcom (AVGO) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) trade together? Their weekly returns over three years give a correlation of -0.46, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AVGO and VXX?
On 3 years of weekly data the AVGO/VXX correlation comes out at -0.46, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.39 over 1 year against -0.46 over 3. The 5-year figure is -0.45, and annualized covariance runs at -1451.0 %².
Among the 33 assets we track against AVGO, VXX sits near the bottom by co-movement, at rank #32. The last year tells two different stories: AVGO led by 74.4 percentage points, +24.7% for AVGO against -49.7% for VXX.
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 VXX: side by side
| AVGO (Broadcom) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +24.7% | -49.7% |
| 5-year return | +718.0% | -95.6% |
| Volatility (ann.) | 51.3% | 60.9% |
| Beta vs S&P 500 | 2.45 | -3.31 |
| Max drawdown (3Y) | -41.1% | -83.3% |
| Market cap | $1,767.6B | – |
| P/E (trailing) | 59.2 | – |
| Dividend yield | 0.71% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | AVGO | VXX |
|---|---|---|
| 2022 | -13.3% | -23.8% |
| 2023 | +104.2% | -72.5% |
| 2024 | +110.5% | -26.2% |
| 2025 | +50.6% | -42.2% |
| 2026 | +7.7% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AVGO and VXX good diversifiers for each other?
Yes. With a correlation of -0.46, AVGO and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between AVGO and VXX?
Using weekly returns as of 2026-08-27: -0.46 over 3 years, with -0.39 over the last year and -0.45 over 5 years.
Is VXX a good diversifier for AVGO?
Yes. With a correlation of -0.46, AVGO and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.46 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
$ curl https://www.pairbook.io/api/v1/pairs/avgo-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/avgo-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AVGO correlations · VXX correlations
