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Relative Intelligence · Semiconductors

How Broadcom (AVGO) compares with the whole market and its popular alternatives

Built by QuantCommons' quantitative engine, this page is about relative opportunity, not data on AVGO alone. It places AVGO (Broadcom Inc.) against 20+ popular alternatives, its neighboring categories and the entire market of over 10,000 U.S.-listed stocks and ETFs, and surfaces what has done better on consistent outperformance, return for the risk taken, behavior in real market crashes and diversification. The result is a clearer view of where AVGO stands in the market, and of the alternatives worth a closer look.

Period covered: AVGO's full trading record, from August 2009 through September 2026. The crash tests reach back to 2000 using older funds and the S&P 500. All returns include reinvested dividends. Data as of October 20, 2026.

Data as of October 20, 2026. Full tables and charts read best on a larger screen.

Rank the market against AVGO →Chart AVGO vs. 21 alternatives →
On this page12 sections

Key findings

How much would $10,000 in AVGO have grown?

This chart tracks a hypothetical $10,000 investment in AVGO over the past 17 years, with dividends reinvested, alongside the same amount in the S&P 500, investments that ended ahead of AVGO over the same span and AVGO's popular alternatives, among those that traded for the entire period. A second view covers the past 5 years, the period the better options further down the page are judged on. It shows not only where each investment ended up but also how smooth or uneven the path was.

Note: AVGO began trading on August 6, 2009, so the chart cannot reach back to the dot-com bust or the 2008 financial crisis. It covers the most recent 17 years of AVGO's record, starting at the end of September 2009.

Choose a period

From the end of September 2009 to the end of September 2026. The scale is logarithmic, so equal steps up the chart are equal percentage gains. Hover over a fund in the key to pick out its line. 2 of the 1,927 stocks and funds worth at least $500 million that traded the whole period ended ahead of AVGO. The other 6 lines are popular alternatives, shown for context.

$10,000$100,000$1M200920122015201820212024$10,000$100,000$1M20092013201720212025
  • PAYS$7M+67,305% total · +46.7% a year
  • NVDA$7M+66,628% total · +46.6% a year
  • AVGO$3M+28,927% total · +39.6% a year
  • MU$1M+13,229% total · +33.3% a year
  • AMD$1M+10,708% total · +31.7% a year
  • TSM$621,531+6,115% total · +27.5% a year
  • ADI$211,361+2,014% total · +19.7% a year
  • MRVL$191,691+1,817% total · +19.0% a year
  • TXN$181,986+1,720% total · +18.6% a year
  • SPY (S&P 500)$97,560+876% total · +14.3% a year
Change the dates or add tickers to this chart in EasyCompare

From the end of September 2021 to the end of September 2026. The scale is logarithmic, so equal steps up the chart are equal percentage gains. Hover over a fund in the key to pick out its line. 44 of the 3,628 stocks and funds worth at least $500 million that traded the whole period ended ahead of AVGO; the chart shows 5, closest alternatives first. The other 3 lines are popular alternatives, shown for context.

$10,000$20,000$50,000$100,000$200,000202120222023202420252026$10,000$20,000$50,000$100,000$200,000202120222023202420252026
  • CLS$407,013+3,970% total · +110% a year
  • MU$153,675+1,437% total · +72.7% a year
  • STX$128,799+1,188% total · +66.7% a year
  • DELL$112,363+1,024% total · +62.2% a year
  • NVDA$110,811+1,008% total · +61.8% a year
  • AVGO$79,117+691% total · +51.2% a year
  • AMD$59,452+495% total · +42.8% a year
  • MRVL$44,627+346% total · +34.9% a year
  • TSM$43,622+336% total · +34.3% a year
  • SPY (S&P 500)$19,000+90.0% total · +13.7% a year
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AVGO at a glance

This section summarizes the key facts about the stock, its returns over periods from one to ten years and the risk it has carried, with dividends reinvested throughout. These figures serve as the baseline for every comparison that follows.

Note: AVGO began trading on August 6, 2009, so every figure here, including its worst decline, covers only the time since then. None of them reflect the dot-com bust or the 2008 financial crisis.

The company

Market value
$1.6T
Industry
Semiconductors
Price history from
August 2009

Returns

Past 1 year
−3.5%total return
Past 3 years
+305%+59.3% a year
Past 5 years
+617%+48.3% a year
Past 10 years
+2,380%+37.9% a year
Best calendar year
+110%2024
Worst calendar year
−13.3%2022
Losing years
1 of 16full calendar years

Risk

Volatility
44.5%typical yearly swing, 5 years
Sharpe ratio
1.11return per unit of risk, 5 years
Worst decline ever
−48.3%Feb 2020 to Mar 2020
From its all-time high
−30.3%below the peak

AVGO against the whole market

Where AVGO ranks among every stock and fund, and what across the market has done better.

How does AVGO rank among all stocks?

This section ranks AVGO on return, volatility, risk-adjusted return and worst decline against every stock worth at least $300 million with enough history. Where the comparisons with its popular alternatives show how AVGO stacks up against its peers, these rankings show where it stands in the market as a whole.

Ranked against U.S.-listed stocks worth at least $300M that have enough history for each measure, so the count changes from row to row; smaller stocks are left out. Lower volatility and smaller declines rank higher.

MeasureAVGORankStanding
1-year return−3.5%2,131 of 3,287bottom 36%
3-year return+305%219 of 3,017top 7%
5-year return+617%50 of 2,893top 2%
10-year return+2,380%33 of 2,202top 1%
Volatility, 5 years44.5%1,679 of 2,893bottom 43%
Sharpe ratio, 5 years1.1148 of 2,893top 2%
Worst decline, past 10 years−48.3%390 of 2,187top 18%

What has beaten AVGO on both return and risk?

Each dot is an investment, placed by how much it earned a year over the past 5 years (higher is better) and how much its price swung, its volatility (further left is calmer). AVGO sits where the dashed lines cross. Anything in the green box above and to the left earned more than AVGO with smaller swings, a better trade-off over this period on both counts. Past results are no promise, but a name in the box is worth a closer look.

Annual return is the annualized total return with dividends reinvested, and volatility the annualized swing in daily prices, both over 5 years. Labeled dots are the strongest picks from the table below and the names called out above, colored by how close they sit to AVGO; faint dots are 1 more of the 5 in the green region (the strongest, one per fund family). 3,633 stocks and funds worth at least $500 million were screened. Hover over a dot for its figures.

10.0%20.0%30.0%40.0%50.0%60.0%70.0%0.0%20.0%40.0%60.0%80.0%100%120%Volatility over 5 years (annualized)Annual return over 5 yearsMore return, less volatility than AVGOFTI: +54.1% a year, volatility 41.3%AVGO: +48.3% a year, volatility 44.5%SPY (S&P 500): +12.7% a year, volatility 17.1%NVDA: +58.0% a year, volatility 51.9%MU: +68.1% a year, volatility 57.1%DELL: +55.2% a year, volatility 54.4%AMD: +35.7% a year, volatility 57.6%STX: +57.4% a year, volatility 48.7%CLS: +101% a year, volatility 59.7%LRCX: +37.4% a year, volatility 49.9%WDC: +53.7% a year, volatility 53.5%LITE: +57.3% a year, volatility 64.5%ATI: +61.8% a year, volatility 42.9%MPC: +51.2% a year, volatility 33.4%PBR-A: +51.8% a year, volatility 37.5%VST: +53.4% a year, volatility 48.6%PBR: +50.3% a year, volatility 37.5%HWM: +47.3% a year, volatility 32.5%INSW: +56.5% a year, volatility 40.5%AVGOSPY (S&P 500)NVDAMUAMDSTXCLSLRCXLITEATIMPCPBR-AVSTHWMINSW0.0%20.0%40.0%60.0%80.0%0.0%20.0%40.0%60.0%80.0%100%120%Volatility over 5 years (annualized)Annual return over 5 yearsMore return, less volatility than AVGOFTI: +54.1% a year, volatility 41.3%AVGO: +48.3% a year, volatility 44.5%SPY (S&P 500): +12.7% a year, volatility 17.1%NVDA: +58.0% a year, volatility 51.9%MU: +68.1% a year, volatility 57.1%DELL: +55.2% a year, volatility 54.4%AMD: +35.7% a year, volatility 57.6%STX: +57.4% a year, volatility 48.7%CLS: +101% a year, volatility 59.7%LRCX: +37.4% a year, volatility 49.9%WDC: +53.7% a year, volatility 53.5%LITE: +57.3% a year, volatility 64.5%ATI: +61.8% a year, volatility 42.9%MPC: +51.2% a year, volatility 33.4%PBR-A: +51.8% a year, volatility 37.5%VST: +53.4% a year, volatility 48.6%PBR: +50.3% a year, volatility 37.5%HWM: +47.3% a year, volatility 32.5%INSW: +56.5% a year, volatility 40.5%AVGOSPY (S&P 500)NVDAMUDELLAMDCLSLRCXLITEATIMPCHWM
  • Popular alternatives
  • Same and neighboring categories, and shared themes
  • The whole market
  • Others in the green region

Is there a better investment than AVGO?

Investments that beat AVGO over the past 5 years on return, volatility, drawdowns, consistency, crash losses or fees, from its popular alternatives out to the whole market.

How this works

The table below lists investments that beat AVGO over the past 5 years on at least one of these measures: a higher annual return with lower volatility, a higher annual return at similar volatility, a similar return with lower volatility, a higher Sharpe ratio with a smaller worst decline, a higher total return in most periods from 3 months to 10 years, or smaller losses in recent market crashes. It checks AVGO's popular alternatives first, then the rest of its own and neighboring categories, then every stock and fund worth at least $500 million, and shows the strongest few in each group. The full list of those with a higher return and lower volatility than AVGO follows the table.

Annual return is the annualized total return with dividends reinvested. Annual return, volatility and the Sharpe ratio cover 5 years; the worst decline covers the past 10 years. Green marks a better figure than AVGO's. "On the frontier" means no other option shown or tested earned more with less volatility. Funds that hold the same thing are shown once. Beyond the popular alternatives, nothing with more than 1.5× AVGO's volatility counts as better.

These figures cover the past 5 years. Green marks a better figure than AVGO's.

Screen the whole market against AVGO for any period in BetterThanSPYOpen these 16 in EasyCompare
InvestmentWhy it is betterPast 5 yearsDownsideLong runFit
Annual return?higher is betterVolatility?lower is calmerSharpe?return per unit of riskWorst decline?past 10 years10Y returntotalCorr. with AVGO?lower diversifies moreExpenseper year
AVGOBroadcom Inc. · this page
+48.3%44.5%1.11−48.3%+2,380%1.00—
SPYState Street SPDR S&P 500 ETF · S&P 500
+12.7%17.1%0.79−33.7%+321%0.550.09%
Popular alternativesbest 4 shownThe investments people most often weigh against AVGO. 4 of 20 passed at least one test.
NVDANVIDIA Corporation · Semiconductors
Higher return in most periods+58.0%51.9%1.14−66.3%+13,019%0.50—
MUMicron Technology, Inc. · Semiconductors
Higher return in most periods+68.1%57.1%1.20−57.6%+5,243%0.25—
DELLDell Technologies Inc. · Computer Hardware
Higher return in most periods+55.2%54.4%1.08−59.6%+3,701%0.18—
AMDAdvanced Micro Devices, Inc. · Semiconductors
Higher return in most periods+35.7%57.6%0.82−65.5%+7,583%0.46—
Same and neighboring categories, and shared themesbest 5 shownEverything else in Semiconductors and the categories next to it (Semiconductor Equipment, Computer Hardware, Communications Equipment, Software), plus AVGO's specific themes. 5 of 128 passed at least one test.
STXSeagate Technology Holdings plc · Computer Hardware
Higher return, similar volatilityHigher return in most periods+57.4%48.7%1.18−57.0%+2,698%0.42—
CLSCelestica Inc. · Electronics Manufacturing · Data Center Networking theme
On the frontierHigher return in most periods+101%59.7%1.47−80.6%+2,771%0.46—
LRCXLam Research Corporation · Semiconductor Equipment
Higher return in most periods+37.4%49.9%0.89−56.4%+2,989%0.35—
WDCWestern Digital Corporation · Computer Hardware
Higher return in most periods+53.7%53.5%1.07−70.5%+911%0.35—
LITELumentum Holdings Inc. · Communications Equipment
Higher return in most periods+57.3%64.5%1.03−66.9%+1,904%0.25—
The whole marketbest 6 shownEvery other stock and fund worth at least $500 million. 20 of 3,485 passed at least one test.
ATIATI Inc. · Metals & Mining
On the frontierHigher return, similar volatilityHigher return in most periods+61.8%42.9%1.34−82.4%+929%0.07—
MPCMarathon Petroleum Corporation · Oil & Gas
On the frontierHigher return, lower volatility+51.2%33.4%1.41−79.7%+1,387%-0.04—
PBR-APetróleo Brasileiro S.A. - Petrobras · Integrated Oil & Gas
On the frontierHigher return, lower volatility+51.8%37.5%1.31−71.7%+768%0.01—
VSTVistra Corp. · Independent Power Producers
Higher return, similar volatilityHigher return in most periods+53.4%48.6%1.13−53.3%+1,195%0.21—
PBRPetróleo Brasileiro S.A. - Petrobras · Integrated Oil & Gas
Higher return, lower volatility+50.3%37.5%1.28−75.3%+674%-0.01—
HWMHowmet Aerospace Inc. · Aerospace & Defense
On the frontierSimilar return, lower volatility+47.3%32.5%1.36−68.9%+1,028%0.19—
What these numbers mean for AVGO
Annual return
AVGO returned 48.3% a year over the past 5 years with dividends reinvested, against 12.7% a year for the S&P 500. At that pace, $10,000 became about $71,700. Annual return is the steady yearly rate that would produce the same total result, so investments held over the same span compare fairly. Guide: What is performance and return? →
Volatility
AVGO's volatility over the past 5 years was 44.5%, 2.6 times the S&P 500's 17.1%. Volatility measures how widely returns swing around their average: in roughly two years out of three, AVGO's return lands within 44.5% of its average, either way. The higher it is, the rougher the ride and the harder it is to hold through a slump. Guide: Understanding and measuring risk (volatility) →
Sharpe ratio
AVGO's Sharpe ratio over the past 5 years was 1.11, against 0.79 for the S&P 500, so AVGO earned more for each unit of risk than an index fund did. The Sharpe ratio is the return earned above cash for each unit of volatility: two investments with the same return are not equal if one got there with far bigger swings. Guide: Balancing reward with risk (Sharpe ratio) →
Worst decline
AVGO's worst fall from a peak to a low over the past 10 years was 48.3%, against 33.7% for the S&P 500. Losses and gains are not symmetric: climbing back from a 48.3% fall takes a 93.5% gain. Guide: Market crash risk and tail risk →
Correlation
Over the past 5 years, AVGO's monthly returns had a correlation of 0.55 with the S&P 500. Correlation runs from 1 (moving in lockstep) through 0 (unrelated) to −1 (moving in opposite directions). They often move together: some diversification next to an index fund, but not a cushion. In the table, the correlation column measures each option against AVGO instead: the lower it is, the more that option would diversify a AVGO holding. Guide: Correlation and diversification →
Show all 5 stocks and funds worth at least $500 million that earned more than AVGO with less volatility

Out of 3,633 tested over 5 years. Best first; funds that hold the same thing are listed once.

#InvestmentFound inAnnual returnVolatilitySharpeWorst decline10Y returnCorr. with AVGOExpense
1
MPCMarathon Petroleum Corporation · Oil & Gas
Whole market+51.2%33.4%1.41−79.7%+1,387%-0.04—
2
PBR-APetróleo Brasileiro S.A. - Petrobras · Integrated Oil & Gas
Whole market+51.8%37.5%1.31−71.7%+768%0.01—
3
PBRPetróleo Brasileiro S.A. - Petrobras · Integrated Oil & Gas
Whole market+50.3%37.5%1.28−75.3%+674%-0.01—
4
INSWInternational Seaways, Inc. · Oil & Gas
Whole market+56.5%40.5%1.31−57.4%—-0.10—
5
FTITechnipFMC plc · Oilfield Services
Whole market+54.1%41.3%1.26−85.8%+178%0.03—

AVGO against its popular alternatives

The investments people most often weigh against AVGO, compared period by period and year by year.

How do AVGO's risk and return compare with its alternatives?

This map plots each investment's annual return over the past 5 years against its volatility, the size of its typical price swings. Investments toward the upper left earned more for a smoother ride, and those toward the lower right earned less for a rougher one. The dashed lines cross at AVGO, which divides the map into what did better or worse on each measure.

Green points earned more than AVGO with less volatility; red points earned less with more. Hover over a point for its figures. Total returns with dividends reinvested, annualized.

10.0%20.0%30.0%40.0%50.0%60.0%70.0%−20.0%−10.0%0.0%10.0%20.0%30.0%40.0%50.0%60.0%70.0%Volatility over 5 years (annualized)Annual return over 5 yearsHigher return, lower volatilityLower return, higher volatilityAVGO: 48.3% a year, volatility 44.5%SPY (S&P 500): 12.7% a year, volatility 17.1%AMD: 35.7% a year, volatility 57.6%MRVL: 29.5% a year, volatility 65.2%MCHP: 2.5% a year, volatility 45.9%MPWR: 20.9% a year, volatility 55.4%ON: 10.7% a year, volatility 55.9%INTC: 12.4% a year, volatility 55.6%STM: 2.2% a year, volatility 47.7%NVDA: 58.0% a year, volatility 51.9%MU: 68.2% a year, volatility 57.1%DELL: 55.2% a year, volatility 54.4%TSM: 31.5% a year, volatility 38.5%ANET: 49.0% a year, volatility 49.0%ADI: 19.5% a year, volatility 34.1%TXN: 9.9% a year, volatility 33.7%CSCO: 16.8% a year, volatility 26.1%NXPI: 5.7% a year, volatility 42.3%QCOM: 8.2% a year, volatility 42.8%SWKS: −10.8% a year, volatility 42.9%ORCL: 7.7% a year, volatility 44.3%CRUS: 6.5% a year, volatility 36.9%AVGOSPY (S&P 500)AMDMRVLMCHPMPWRONINTCNVDAMUTSMANETADITXNCSCONXPIQCOMSWKSCRUS10.0%20.0%30.0%40.0%50.0%60.0%70.0%−20.0%0.0%20.0%40.0%60.0%80.0%Volatility over 5 years (annualized)Annual return over 5 yearsHigher return, lower volatilityLower return, higher volatilityAVGO: 48.3% a year, volatility 44.5%SPY (S&P 500): 12.7% a year, volatility 17.1%AMD: 35.7% a year, volatility 57.6%MRVL: 29.5% a year, volatility 65.2%MCHP: 2.5% a year, volatility 45.9%MPWR: 20.9% a year, volatility 55.4%ON: 10.7% a year, volatility 55.9%INTC: 12.4% a year, volatility 55.6%STM: 2.2% a year, volatility 47.7%NVDA: 58.0% a year, volatility 51.9%MU: 68.2% a year, volatility 57.1%DELL: 55.2% a year, volatility 54.4%TSM: 31.5% a year, volatility 38.5%ANET: 49.0% a year, volatility 49.0%ADI: 19.5% a year, volatility 34.1%TXN: 9.9% a year, volatility 33.7%CSCO: 16.8% a year, volatility 26.1%NXPI: 5.7% a year, volatility 42.3%QCOM: 8.2% a year, volatility 42.8%SWKS: −10.8% a year, volatility 42.9%ORCL: 7.7% a year, volatility 44.3%CRUS: 6.5% a year, volatility 36.9%AVGOSPY (S&P 500)AMDMRVLMCHPMPWRONINTCSTMNVDAMUDELLTSMADINXPISWKSORCL
All figures
InvestmentAnnual returnVolatility
MU Micron Technology, Inc.+68.2%57.1%
NVDA NVIDIA Corporation+58.0%51.9%
DELL Dell Technologies Inc.+55.2%54.4%
ANET Arista Networks, Inc.+49.0%49.0%
AVGO This pageBroadcom Inc.+48.3%44.5%
AMD Advanced Micro Devices, Inc.+35.7%57.6%
TSM Taiwan Semiconductor Manufacturing Company Limited+31.5%38.5%
MRVL Marvell Technology, Inc.+29.5%65.2%
MPWR Monolithic Power Systems, Inc.+20.9%55.4%
ADI Analog Devices, Inc.+19.5%34.1%
CSCO Cisco Systems, Inc.+16.8%26.1%
SPY S&P 500State Street SPDR S&P 500 ETF+12.7%17.1%
INTC Intel Corp.+12.4%55.6%
ON ON Semiconductor Corporation+10.7%55.9%
TXN Texas Instruments Incorporated+9.9%33.7%
QCOM QUALCOMM Incorporated+8.2%42.8%
ORCL Oracle Corporation+7.7%44.3%
CRUS Cirrus Logic, Inc.+6.5%36.9%
NXPI NXP Semiconductors N.V.+5.7%42.3%
MCHP Microchip Technology Incorporated+2.5%45.9%
STM STMicroelectronics N.V.+2.2%47.7%
SWKS Skyworks Solutions, Inc.−10.8%42.9%
Open these 22 in EasyCompare

Has AVGO consistently beaten its popular alternatives?

This section compares AVGO with the investments people most often weigh against it, checking each one over eight periods from one month to ten years. Counting how often an alternative earned more than AVGO helps separate lasting outperformance from a single strong stretch.

A green cell means the alternative earned more than AVGO over that period. "Qualified" marks those that did so in at least 3 of 5 short-term periods and 2 of 3 long-term periods.

InvestmentPeriods outperformed Short termLong termRisk · 5 yearsFund
1M3M6MYTD1Y3Y5Y10YVolatilitylower is calmerSharpehigher is betterWorst declinepast 10 yearsExpenseAssetsOverlapsame sectors
AVGO Broadcom Inc. (this page)—−7.8%−11.4%−16.0%−3.3%−3.5%+305%+617%+2,380%44.5%1.11−48.3%—$1.6T—
NVDA QualifiedNVIDIA Corporation5/5 short3/3 longAll-weather−4.8%+6.6%+7.4%+14.9%+18.8%+425%+884%+13,019%51.9%1.14−66.3%—$5.2T—
MU QualifiedMicron Technology, Inc.4/5 short3/3 longAll-weather−14.2%+3.6%+99.9%+184%+334%+1,246%+1,244%+5,243%57.1%1.20−57.6%—$1.0T—
DELL QualifiedDell Technologies Inc.4/5 short3/3 longAll-weather−19.6%+21.3%+127%+265%+217%+636%+800%+3,701%54.4%1.08−59.6%—$294B—
AMD QualifiedAdvanced Micro Devices, Inc.4/5 short2/3 long−13.1%+6.2%+94.5%+139%+122%+425%+359%+7,583%57.6%0.82−65.5%—$873B—
MRVL SemiconductorsMarvell Technology, Inc.5/5 short1/3 long−6.6%+23.4%+62.7%+169%+181%+390%+264%+1,874%65.2%0.72−61.9%—$211B—
TSM SemiconductorsTaiwan Semiconductor Manufacturing Company Limited5/5 short1/3 long−4.5%+5.9%+16.6%+34.0%+44.3%+382%+293%+1,505%38.5%0.91−56.6%—$2.2T—
ANET Computer HardwareArista Networks, Inc.4/5 short1/3 long−11.8%+7.0%+8.6%+35.6%+23.7%+289%+634%+3,439%49.0%1.06−52.2%—$229B—
ARM SemiconductorsArm Holdings plc American Depositary Shares3/5 short1/3 long−31.5%−18.0%+26.2%+92.7%+28.9%+362%————−54.0%—$236B—
ADI SemiconductorsAnalog Devices, Inc.5/5 short0/3 long+3.7%+6.9%+4.8%+46.3%+63.3%+150%+144%+652%34.1%0.69−33.6%—$192B—
TXN SemiconductorsTexas Instruments Incorporated5/5 short0/3 long+2.6%−1.7%+20.1%+59.1%+58.7%+105%+60.5%+424%33.7%0.45−33.4%—$254B—
CSCO Communication EquipmentCisco Systems, Inc.5/5 short0/3 long−3.9%−3.2%+22.6%+42.2%+53.8%+118%+118%+374%26.1%0.73−42.0%—$421B—
MCHP SemiconductorsMicrochip Technology Incorporated5/5 short0/3 long+1.4%−5.2%−4.6%+18.6%+16.0%+8.5%+13.0%+207%45.9%0.28−63.8%—$41B—
NXPI SemiconductorsNXP Semiconductors N.V.5/5 short0/3 long+2.2%−10.7%+8.2%+8.8%+10.0%+34.9%+31.9%+159%42.3%0.34−53.3%—$60B—
MPWR SemiconductorsMonolithic Power Systems, Inc.4/5 short0/3 long−2.1%−5.9%−16.0%+34.0%+21.9%+204%+159%+1,659%55.4%0.62−51.6%—$61B—
ON SemiconductorsON Semiconductor Corporation4/5 short0/3 long+5.4%−12.8%−11.6%+33.4%+37.8%−10.9%+66.0%+540%55.9%0.46−70.4%—$29B—
QCOM SemiconductorsQUALCOMM Incorporated4/5 short0/3 long−9.5%+3.7%+28.9%+3.2%+7.4%+72.4%+48.3%+239%42.8%0.40−44.3%—$188B—
INTC SemiconductorsIntel Corp.4/5 short0/3 long−24.7%−5.5%+39.6%+133%+141%+167%+79.8%+219%55.6%0.49−70.8%—$485B—
SWKS SemiconductorsSkyworks Solutions, Inc.4/5 short0/3 long−8.4%+36.0%+37.9%+28.9%+10.2%−2.8%−43.5%+29.2%42.9%-0.05−72.9%—$12B—
STM SemiconductorsSTMicroelectronics N.V.3/5 short0/3 long−11.2%−25.8%+3.3%+68.2%+52.9%+18.8%+11.6%+525%47.7%0.28−66.6%—$41B—
ORCL Software - InfrastructureOracle Corporation1/5 short0/3 long−11.4%+8.4%−25.6%−32.1%−52.1%+33.3%+45.1%+300%44.3%0.38−64.6%—$396B—
CRUS SemiconductorsCirrus Logic, Inc.0/5 short0/3 long−7.6%−19.0%−34.2%−7.4%−15.6%+63.6%+37.1%+106%36.9%0.35−55.9%—$5.6B—
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How did AVGO do year by year?

This table shows each investment's total return in every full calendar year since 2010, along with where AVGO ranked among its popular alternatives each year. Annual results reveal how consistently each one kept pace with AVGO and how far its good and bad years diverged, detail that multiyear averages tend to smooth over.

Note: AVGO began trading on August 6, 2009, so the table starts with 2010, its first full calendar year, and cannot show how it fared during the dot-com bust or the 2008 financial crisis.

Newest year first. Green marks a year in which the fund came out ahead of AVGO; gray means the two finished within a fraction of a point. The rank row places AVGO among the alternatives that traded the full year; dark green is the top quarter and red the bottom quarter.

InvestmentYears ahead of AVGO2025202420232022202120202019201820172016201520142013201220112010
AVGO This pageBroadcom Inc.—+50.6%+110%+104%−13.3%+56.5%+45.0%+29.0%+2.2%+48.2%+23.6%+46.1%+93.4%+70.0%+12.0%+3.0%+55.4%
Rank among alternativesTop quarter in 11 of 166 of 222 of 223 of 215 of 216 of 217 of 2117 of 216 of 217 of 2115 of 202 of 202 of 194 of 1910 of 195 of 193 of 18
SPY S&P 500State Street SPDR S&P 500 ETF2 of 16+17.7%+24.9%+26.2%−18.2%+28.7%+18.3%+31.2%−4.6%+21.7%+12.0%+1.2%+13.5%+32.3%+16.0%+1.9%+15.1%
NVDA NVIDIA Corporation8 of 16+38.9%+171%+239%−50.2%+125%+122%+76.4%−30.8%+82.5%+228%+67.1%+27.4%+33.5%−11.0%−10.0%−17.6%
MU Micron Technology, Inc.5 of 16+240%−1.0%+71.9%−45.9%+24.2%+39.8%+69.5%−22.8%+87.6%+54.7%−59.5%+60.9%+243%+0.8%−21.6%−24.1%
DELL Dell Technologies Inc.1 of 9+11.2%+53.0%+95.9%−26.6%+51.3%+42.6%+5.1%+8.6%+47.8%———————
AMD Advanced Micro Devices, Inc.6 of 16+77.3%−18.1%+128%−55.0%+56.9%+100.0%+148%+79.6%−9.3%+295%+7.5%−31.0%+61.3%−55.6%−34.0%−15.5%
MRVL Marvell Technology, Inc.6 of 16−22.8%+83.8%+63.7%−57.5%+84.6%+80.3%+65.7%−23.6%+56.9%+60.5%−37.8%+2.5%+102%−46.7%−25.3%−10.6%
TSM Taiwan Semiconductor Manufacturing Company Limited6 of 16+55.7%+92.0%+41.8%−37.0%+11.7%+91.6%+63.3%−4.3%+37.9%+31.2%+4.9%+31.1%+4.5%+37.7%+7.3%+14.9%
ANET Arista Networks, Inc.2 of 11+18.6%+87.7%+94.1%−15.6%+97.9%+42.9%−3.5%−10.5%+143%+24.2%+28.2%—————
ARM Arm Holdings plc American Depositary Shares0 of 2−11.4%+64.1%——————————————
ADI Analog Devices, Inc.4 of 16+29.8%+8.8%+23.4%−4.9%+21.0%+26.9%+41.3%−1.6%+25.3%+35.0%+2.4%+12.2%+24.7%+21.2%−2.4%+22.7%
TXN Texas Instruments Incorporated3 of 16−4.5%+13.1%+6.4%−9.9%+17.5%+31.7%+39.6%−7.2%+46.8%+36.7%+5.1%+25.1%+46.3%+7.9%−8.8%+27.0%
CSCO Cisco Systems, Inc.1 of 16+33.5%+21.0%+9.3%−22.5%+45.8%−3.5%+13.8%+16.6%+31.3%+15.1%+0.6%+28.0%+16.7%+11.6%−9.6%−15.5%
MCHP Microchip Technology Incorporated3 of 16+14.6%−34.9%+30.9%−18.0%+27.5%+33.7%+48.1%−16.7%+39.5%+41.6%+6.3%+4.0%+42.4%−7.1%+10.3%+24.6%
NXPI NXP Semiconductors N.V.3 of 15+6.4%−8.0%+48.4%−29.2%+44.8%+26.6%+75.7%−37.0%+19.5%+16.3%+10.3%+66.3%+74.5%+71.2%−26.6%—
MPWR Monolithic Power Systems, Inc.6 of 16+54.4%−5.5%+79.8%−27.8%+35.5%+107%+54.8%+4.5%+38.2%+30.1%+30.0%+44.9%+55.6%+54.9%−8.8%−31.1%
ON ON Semiconductor Corporation5 of 16−14.1%−24.5%+33.9%−8.2%+108%+34.3%+47.7%−21.1%+64.1%+30.2%−3.3%+22.9%+16.9%−8.7%−21.9%+12.0%
QCOM QUALCOMM Incorporated5 of 16+13.8%+8.3%+35.1%−38.6%+22.3%+77.1%+60.8%−7.6%+1.1%+35.1%−30.6%+2.3%+22.4%+14.9%+12.3%+9.0%
INTC Intel Corp.4 of 16+84.0%−59.6%+94.5%−46.6%+6.0%−14.7%+30.7%+4.2%+30.9%+8.7%−2.2%+44.3%+30.9%−12.0%+19.4%+6.3%
SWKS Skyworks Solutions, Inc.4 of 16−25.5%−18.9%+26.5%−40.0%+2.7%+28.4%+84.1%−28.3%+28.7%−1.2%+6.7%+156%+40.6%+25.2%−43.4%+102%
STM STMicroelectronics N.V.4 of 16+5.3%−49.6%+41.6%−26.8%+32.4%+38.9%+96.4%−35.7%+95.1%+76.9%−6.7%−2.5%+15.2%+30.1%−40.6%+15.9%
ORCL Oracle Corporation2 of 16+18.1%+60.0%+30.9%−4.7%+36.9%+24.3%+19.4%−3.0%+24.9%+6.9%−17.6%+19.0%+15.7%+31.8%−17.5%+28.6%
CRUS Cirrus Logic, Inc.4 of 16+19.0%+19.7%+11.7%−19.1%+11.9%−0.3%+148%−36.0%−8.3%+91.5%+25.3%+15.4%−29.5%+82.8%−0.8%+134%
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Risk and diversification

How AVGO has fallen, how it held up in crashes beside the S&P 500 and its popular alternatives, and what moves independently of it.

What were AVGO's worst declines?

A drawdown is the decline from a peak to the lowest point before a new high. This section presents AVGO's five deepest drawdowns since it began trading in 2009, alongside the S&P 500's return over the same dates, and how long each took to recover. Together, these figures show how much an investor could have lost and how long it took to get back to even.

Note: AVGO began trading on August 6, 2009, so this list cannot include the dot-com bust or the 2008 financial crisis. The crash tests on this page show how older funds and the S&P 500 fared through those years.

Green means AVGO fell less than the S&P 500 over the same dates. Based on daily closing prices with dividends reinvested.

DuringAVGO fellS&P 500, same datesPeakLowTime to the lowBack at the peakTime to recover
Covid crash−48.3%−28.9%Feb 2020Mar 20201 monthJul 20204 months
No named crash−41.1%−16.2%Dec 2024Apr 20254 monthsJun 20252 months
2022 bear market−35.2%−24.2%Dec 2021Oct 202210 monthsMay 20237 months
No named crash−31.5%+1.0%Jun 2026Oct 20264 monthsNot yet—
2011 euro debt crisis−30.4%−16.2%Jul 2011Aug 20111 monthMar 20127 months

How did AVGO do in stock market crashes?

This section measures how far AVGO, the S&P 500 and each alternative fell from peak to trough during every major market crash since 2000. A smaller decline means an investment held up better, and comparing results across crashes shows whether that resilience was consistent or a one-off.

Note: AVGO began trading on August 6, 2009, so its row reads "Not yet trading" for the dot-com bust or the 2008 financial crisis. The older alternatives and the S&P 500 show how those crashes played out.

Newest crash first. Each figure is the fund's deepest fall within the crash window; green means a smaller fall than AVGO.

InvestmentHeld up better2023 regional bank crisisMar 20232022 bear marketJan 2022Covid crashFeb 2020Late-2018 sell-offSep 2018February 2018 volatility shockFeb 20182015 China and oil sell-offAug 20152011 euro debt crisisJul 20112010 flash crashMay 20102008 financial crisisOct 2007Dot-com bustMar 2000
AVGO This pageBroadcom Inc.—−2.8%−34.3%−46.8%−15.2%−4.5%−21.6%−26.7%0.0%Not yet tradingNot yet trading
SPY S&P 500State Street SPDR S&P 500 ETF4 of 8−3.4%−24.5%−33.7%−19.3%−6.5%−12.8%−17.9%−1.5%−55.2%−47.5%
NVDA NVIDIA Corporation2 of 8−5.0%−60.7%−37.5%−55.9%−8.5%−25.3%−23.8%−1.7%−85.1%−89.7%
MU Micron Technology, Inc.1 of 8−5.3%−49.6%−42.5%−36.6%−8.8%−49.4%−46.5%−2.0%−84.2%−87.8%
DELL Dell Technologies Inc.1 of 5−5.7%−43.6%−45.9%−28.6%−7.4%—————
AMD Advanced Micro Devices, Inc.1 of 8−3.9%−60.1%−34.3%−48.9%−9.9%−40.0%−41.5%0.0%−87.6%−93.3%
MRVL Marvell Technology, Inc.2 of 8−12.0%−56.8%−31.6%−26.1%−7.5%−37.6%−23.1%0.0%−74.3%—
TSM Taiwan Semiconductor Manufacturing Company Limited3 of 8−3.9%−54.3%−23.3%−21.4%−9.3%−13.2%−15.7%0.0%−48.0%−82.4%
ANET Arista Networks, Inc.2 of 6−1.5%−36.6%−31.2%−31.2%−6.1%−36.6%————
ADI Analog Devices, Inc.3 of 8−2.6%−22.6%−33.6%−18.1%−7.2%−22.7%−18.6%−1.2%−55.0%−82.0%
TXN Texas Instruments Incorporated4 of 8−2.6%−21.7%−29.8%−19.5%−9.3%−18.4%−21.6%−1.3%−61.4%−85.4%
CSCO Cisco Systems, Inc.3 of 8−1.4%−35.4%−29.1%−17.5%−5.3%−22.8%−16.6%−3.1%−60.0%−89.3%
MCHP Microchip Technology Incorporated2 of 8−3.8%−35.3%−49.0%−25.9%−14.4%−18.6%−12.7%−0.4%−55.2%−58.7%
NXPI NXP Semiconductors N.V.0 of 7−4.2%−38.8%−52.0%−27.4%−4.0%−35.5%−39.8%———
MPWR Monolithic Power Systems, Inc.2 of 8−5.1%−39.7%−27.9%−21.4%−9.8%−18.1%−32.0%−5.4%−72.3%—
ON ON Semiconductor Corporation0 of 8−6.4%−34.0%−59.6%−23.7%−12.2%−39.2%−28.5%0.0%−80.0%—
QCOM QUALCOMM Incorporated2 of 8−5.6%−41.5%−32.2%−26.8%−6.6%−30.7%−19.2%−0.5%−48.0%−84.9%
INTC Intel Corp.5 of 8−1.0%−54.1%−33.5%−13.0%−6.7%−19.7%−16.2%−0.9%−55.2%−82.3%
SWKS Skyworks Solutions, Inc.1 of 8−3.0%−50.0%−43.0%−32.3%−5.3%−38.6%−37.2%−3.4%−66.0%−95.7%
STM STMicroelectronics N.V.0 of 8−3.2%−40.6%−49.6%−31.0%−9.1%−31.6%−36.9%−3.2%−77.2%−83.5%
ORCL Oracle Corporation4 of 8−5.0%−31.0%−28.3%−17.2%−6.6%−16.1%−23.9%−2.1%−41.1%−84.2%
CRUS Cirrus Logic, Inc.3 of 8−4.1%−32.3%−37.4%−25.2%−13.9%−27.4%−21.4%−5.6%−70.5%−96.8%
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How closely does AVGO move with the S&P 500?

Upside capture measures how much of the S&P 500's gains an investment kept in the months the market rose, and downside capture how much of its losses it took in the months the market fell. An investment that captures more of the gains than the losses has compounded ahead of the market over time. This section compares AVGO with its popular alternatives on both measures, and on beta (how strongly each has moved with the market), over the past 10 years.

Monthly total returns over the past 10 years, measured against SPY. 100% capture or a beta of 1.00 means moving in line with the S&P 500. Green marks a better figure than AVGO's: more upside, less downside or a higher capture ratio. Sorted by capture ratio.

InvestmentUpside captureDownside captureCapture ratioBeta
AVGO This pageBroadcom Inc.158%86%1.851.19
DELL Dell Technologies Inc.154%43%3.591.13
ANET Arista Networks, Inc.174%91%1.921.40
TSM Taiwan Semiconductor Manufacturing Company Limited138%75%1.841.15
MU Micron Technology, Inc.204%114%1.791.75
NVDA NVIDIA Corporation248%140%1.771.83
MPWR Monolithic Power Systems, Inc.156%107%1.461.31
MRVL Marvell Technology, Inc.167%116%1.441.68
AMD Advanced Micro Devices, Inc.254%179%1.422.25
ADI Analog Devices, Inc.117%92%1.261.20
STM STMicroelectronics N.V.122%104%1.171.72
CSCO Cisco Systems, Inc.101%96%1.060.97
TXN Texas Instruments Incorporated113%108%1.041.18
INTC Intel Corp.98%100%0.981.43
ON ON Semiconductor Corporation161%185%0.871.95
CRUS Cirrus Logic, Inc.71%85%0.841.02
QCOM QUALCOMM Incorporated115%139%0.831.51
ORCL Oracle Corporation131%159%0.821.30
MCHP Microchip Technology Incorporated127%170%0.751.72
NXPI NXP Semiconductors N.V.115%157%0.731.63
SWKS Skyworks Solutions, Inc.88%149%0.591.31
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What diversifies AVGO?

Correlation measures how closely two investments move together, on a scale from 1 (in lockstep) through 0 (unrelated) to -1 (in opposite directions). This section lists large ETFs and stocks whose returns have had a low correlation with AVGO's. Because such investments tend not to fall at the same time, pairing AVGO with them can reduce a portfolio's overall swings.

Only ETFs with at least $1.0B in assets and stocks worth at least $10B, with a correlation below 0.5 over the past 5 years and a positive return, are included, ranked by Sharpe ratio; funds that hold the same thing are shown once. The year columns are the years in which AVGO lost money. The last two columns show a portfolio that is 80% AVGO and 20% the other investment, rebalanced monthly.

ETFs

InvestmentCorrelation5Y returnSharpe202280/20 mix volatility80/20 mix annual return
AVGO Broadcom Inc. (this page)1.00+617%1.11−13.3%41.8%+51.2%
LVHI InternationalFranklin International Low Volatility High Dividend Index ETF0.11+119%1.48+3.8%33.7%+45.4%
DXJ InternationalWisdomTree Japan Hedged Equity Fund0.28+225%1.34+6.0%34.2%+47.6%
EMLP Broad MarketFirst Trust North American Energy Infrastructure Fund0.07+101%1.04+10.4%33.7%+45.1%
HDV Dividend & IncomeiShares Core High Dividend ETF0.04+83.3%1.00+7.1%33.7%+44.3%
DBEF InternationalXtrackers MSCI EAFE Hedged Equity ETF0.34+85.0%0.96−5.1%34.2%+44.4%
GLD CommoditiesSPDR Gold Shares0.06+126%0.96−0.8%33.8%+45.9%
SPMO Broad MarketInvesco S&P 500 Momentum ETF0.45+136%0.93−10.4%35.4%+46.2%
XLE EnergyState Street Energy Select Sector SPDR ETF-0.16+177%0.93+64.4%33.0%+47.9%

Stocks

InvestmentCorrelation5Y returnSharpe202280/20 mix volatility80/20 mix annual return
AVGO Broadcom Inc. (this page)1.00+617%1.11−13.3%41.8%+51.2%
CAH Medical - DistributionCardinal Health, Inc.-0.02+479%1.55+54.1%33.7%+51.0%
CLS Hardware, Equipment & PartsCelestica Inc.0.46+3,143%1.47+1.3%40.2%+64.6%
FIX Engineering & ConstructionComfort Systems USA, Inc.0.29+1,636%1.46+17.0%37.0%+60.8%
MCK Medical - DistributionMcKesson Corporation-0.06+413%1.44+51.8%33.5%+50.3%
MPC Oil & Gas Refining & MarketingMarathon Petroleum Corporation-0.04+690%1.41+86.6%33.8%+53.6%
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Common questions

What was AVGO's worst drawdown?

AVGO's deepest decline since it began trading in 2009 was 48.3%, from February to March 2020. It took four months from the low to climb back to its old high. Because AVGO launched in August 2009, that record does not include the dot-com bust or the 2008 financial crisis.

What were AVGO's best and worst years?

Over 16 full calendar years, AVGO's best year was 2024, when it returned 110%. Its worst was 2022, with a return of -13.3%.

Is there a better investment than AVGO?

Among AVGO's popular alternatives, NVDA, MU and DELL were ahead of AVGO in most short and long periods. Looking beyond its popular alternatives, STX (computer hardware) earned more than AVGO over the past 5 years with similar volatility: 57.4% a year at 48.7% volatility, against 48.3% a year at 44.5%.

Is AVGO more volatile than the S&P 500?

Yes. AVGO's volatility over the past 5 years was 44.5%, 2.6 times the S&P 500's 17.1%. Volatility measures how widely returns swing around their average: in roughly two years out of three, AVGO's return lands within 44.5% of its average, either way. The higher it is, the rougher the ride and the harder it is to hold through a slump.

What is AVGO's Sharpe ratio?

AVGO's Sharpe ratio over the past 5 years was 1.11, against 0.79 for the S&P 500, so AVGO earned more for each unit of risk than an index fund did. The Sharpe ratio is the return earned above cash for each unit of volatility: two investments with the same return are not equal if one got there with far bigger swings.

How correlated is AVGO with the S&P 500?

Over the past 5 years, AVGO's monthly returns had a correlation of 0.55 with the S&P 500. Correlation runs from 1 (moving in lockstep) through 0 (unrelated) to −1 (moving in opposite directions). They often move together: some diversification next to an index fund, but not a cushion. In the table, the correlation column measures each option against AVGO instead: the lower it is, the more that option would diversify a AVGO holding.

What are the best alternatives to AVGO?

Of the 21 popular alternatives we compared, four outperformed AVGO in at least 3 of 5 short-term and 2 of 3 long-term timeframes, with dividends reinvested: NVDA, MU and DELL.

Did AVGO outperform the S&P 500?

AVGO finished ahead of the S&P 500 (SPY) in 14 of 16 full calendar years. In 2025, it returned +50.6%, against +17.7% for the index.

How did AVGO do in stock market crashes?

AVGO fell less than the S&P 500 (SPY) in four of the eight major crashes it has traded through, and further in four. The clearest case was the late-2018 sell-off, when AVGO fell 15.2% and the S&P 500 fell 19.3%.

What diversifies AVGO?

These had a low correlation with AVGO over the past 5 years and still earned a positive 5-year return: among large ETFs, LVHI (correlation 0.11), DXJ (correlation 0.28) and EMLP (correlation 0.07); among large stocks, CAH (correlation -0.02), CLS (correlation 0.46) and FIX (correlation 0.29). A correlation near zero means the two have moved largely independently.

How we measure

More research

Popular alternatives to AVGO