AVGO vs. CIEN
AVGO (Broadcom Inc.) and CIEN (Ciena Corporation) are both stocks. Both are in the Technology sector — AVGO in Semiconductors, CIEN in Communication Equipment. Over the past 10 years, AVGO returned 41.32%/yr vs 36.28%/yr for CIEN. At a 0.47 correlation, their price movements are largely independent.
Performance
AVGO vs. CIEN - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, AVGO achieves a 14.83% return, which is significantly lower than CIEN's 99.54% return. Over the past 10 years, AVGO has outperformed CIEN with an annualized return of 41.32%, while CIEN has yielded a comparatively lower 36.28% annualized return.
AVGO
- 1D
- 2.82%
- 1M
- -7.77%
- YTD
- 14.83%
- 6M
- -0.72%
- 1Y
- 61.91%
- 3Y*
- 72.46%
- 5Y*
- 56.70%
- 10Y*
- 41.32%
CIEN
- 1D
- -4.41%
- 1M
- -14.86%
- YTD
- 99.54%
- 6M
- 119.17%
- 1Y
- 541.74%
- 3Y*
- 124.31%
- 5Y*
- 50.68%
- 10Y*
- 36.28%
AVGO vs. CIEN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AVGO Broadcom Inc. | 14.83% | 50.63% | 110.49% | 104.18% | -13.27% | 56.48% | 44.88% | 29.05% | 2.18% | 48.19% |
CIEN Ciena Corporation | 99.54% | 175.76% | 88.42% | -11.71% | -33.77% | 45.64% | 23.80% | 25.89% | 62.02% | -14.26% |
Correlation
The correlation between AVGO and CIEN is 0.53, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.53 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.53 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.56 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since Aug 7, 2009 | 0.47 |
The correlation between AVGO and CIEN has been stable across timeframes, ranging from 0.47 to 0.56 - a consistent structural relationship.
Fundamentals
AVGO:
$1.93T
CIEN:
$68.28B
AVGO:
$6.01
CIEN:
$3.01
AVGO:
65.99
CIEN:
154.94
AVGO:
25.64
CIEN:
12.19
AVGO:
22.05
CIEN:
23.61
AVGO:
$75.47B
CIEN:
$5.57B
AVGO:
$50.53B
CIEN:
$2.40B
AVGO:
$41.76B
CIEN:
$670.55M
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
AVGO vs. CIEN — Risk / Return Rank
AVGO
CIEN
AVGO vs. CIEN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Broadcom Inc. (AVGO) and Ciena Corporation (CIEN). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| AVGO | CIEN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -6.86 | ||
| Sortino ratioReturn per unit of downside risk | -3.14 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.76 | -0.50 |
| Calmar ratioReturn relative to maximum drawdown | 2.17 | 21.37 | -19.20 |
| Martin ratioReturn relative to average drawdown | 5.16 | 100.03 | -94.87 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| AVGO | CIEN | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.38 | 8.23 | -6.86 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.32 | 1.05 | +0.27 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.05 | 0.82 | +0.23 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.09 | 0.07 | +1.02 |
Drawdowns
AVGO vs. CIEN - Drawdown Comparison
The maximum AVGO drawdown since its inception was -48.30%, smaller than the maximum CIEN drawdown of -99.51%. Use the drawdown chart below to compare losses from any high point for AVGO and CIEN.
Loading charts...
Drawdown Indicators
| AVGO | CIEN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.30% | -99.51% | +51.21% |
Max Drawdown (1Y)Largest decline over 1 year | -28.67% | -25.57% | -3.10% |
Max Drawdown (3Y)Largest decline over 3 years | -41.15% | -45.51% | +4.36% |
Max Drawdown (5Y)Largest decline over 5 years | -41.15% | -49.54% | +8.39% |
Max Drawdown (10Y)Largest decline over 10 years | -48.30% | -49.54% | +1.24% |
Current DrawdownCurrent decline from peak | -17.64% | -55.41% | +37.77% |
Average DrawdownAverage peak-to-trough decline | -7.97% | -87.11% | +79.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.03% | 5.45% | +6.58% |
Volatility
AVGO vs. CIEN - Volatility Comparison
The current volatility for Broadcom Inc. (AVGO) is 20.09%, while Ciena Corporation (CIEN) has a volatility of 25.17%. This indicates that AVGO experiences smaller price fluctuations and is considered to be less risky than CIEN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| AVGO | CIEN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 20.09% | 25.17% | -5.08% |
Volatility (6M)Calculated over the trailing 6-month period | 34.69% | 55.99% | -21.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 45.31% | 66.51% | -21.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 43.31% | 48.49% | -5.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 39.48% | 44.33% | -4.85% |
Dividends
AVGO vs. CIEN - Dividend Comparison
AVGO's dividend yield for the trailing twelve months is around 0.63%, while CIEN has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AVGO Broadcom Inc. | 0.63% | 0.70% | 0.94% | 1.71% | 3.02% | 2.24% | 3.05% | 3.54% | 3.11% | 1.87% | 1.43% | 1.13% |
CIEN Ciena Corporation | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
AVGO vs. CIEN - Financials Comparison
This section allows you to compare key financial metrics between Broadcom Inc. and Ciena Corporation. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
AVGO vs. CIEN - Profitability Comparison
AVGO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Broadcom Inc. reported a gross profit of 14.92B and revenue of 22.19B. Therefore, the gross margin over that period was 67.2%.
CIEN - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Ciena Corporation reported a gross profit of 691.55M and revenue of 1.57B. Therefore, the gross margin over that period was 44.0%.
AVGO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Broadcom Inc. reported an operating income of 10.87B and revenue of 22.19B, resulting in an operating margin of 49.0%.
CIEN - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Ciena Corporation reported an operating income of 237.87M and revenue of 1.57B, resulting in an operating margin of 15.1%.
AVGO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Broadcom Inc. reported a net income of 9.31B and revenue of 22.19B, resulting in a net margin of 42.0%.
CIEN - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Ciena Corporation reported a net income of 218.22M and revenue of 1.57B, resulting in a net margin of 13.9%.
Frequently Asked Questions
AVGO and CIEN have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CIEN has higher volatility (25.17%) compared to AVGO (20.09%). In terms of maximum drawdown, AVGO dropped -48.30% vs CIEN's -99.51%.
CIEN currently has the higher Sharpe Ratio (8.23 vs 1.38), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for AVGO and CIEN
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer