AVGO vs. PME.AX

Last updated Jun 13, 2026

AVGO (Broadcom Inc.) and PME.AX (Pro Medicus Limited) are both stocks. AVGO operates in Semiconductors (Technology), while PME.AX operates in Health Information Services (Healthcare). Over the past 10 years, AVGO returned 40.96%/yr vs 42.98%/yr for PME.AX. At a 0.10 correlation, their price movements are largely independent.

Performance

AVGO vs. PME.AX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Broadcom Inc. (AVGO) and Pro Medicus Limited (PME.AX). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

AVGO is traded in USD, while PME.AX is traded in AUD. To make them comparable, the PME.AX values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, AVGO achieves a 10.62% return, which is significantly higher than PME.AX's -21.40% return. Both investments have delivered pretty close results over the past 10 years, with AVGO having a 40.96% annualized return and PME.AX not far ahead at 42.98%.

AVGO

• 1D: -0.91%
• 1M: -8.33%
• YTD: 10.62%
• 6M: 6.58%
• 1Y: 50.41%
• 3Y*: 67.17%
• 5Y*: 55.09%
• 10Y*: 40.96%

PME.AX

• 1D: 0.67%
• 1M: 26.82%
• YTD: -21.40%
• 6M: -25.67%
• 1Y: -36.40%
• 3Y*: 38.20%
• 5Y*: 24.86%
• 10Y*: 42.98%

*Multi-year figures are annualized to reflect compound growth (CAGR)

AVGO vs. PME.AX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
AVGO Broadcom Inc.	10.62%	50.63%	110.49%	104.18%	-13.27%	56.48%	44.88%	29.05%	2.18%	48.19%
PME.AX Pro Medicus Limited	-21.40%	-4.61%	137.97%	74.08%	-16.69%	73.09%	68.64%	105.30%	13.34%	98.48%

Correlation

The correlation between AVGO and PME.AX is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.25
Correlation (3Y) Calculated over the trailing 3-year period	0.18
Correlation (5Y) Calculated over the trailing 5-year period	0.18
Correlation (10Y) Calculated over the trailing 10-year period	0.11
Correlation (All Time) Calculated using the full available price history since Aug 6, 2009	0.10

The correlation between AVGO and PME.AX shifts across timeframes, from 0.10 (all time) to 0.25 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

AVGO vs. PME.AX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AVGO

AVGO Risk / Return Rank: 74
AVGO Sharpe Ratio Rank: 76
AVGO Sortino Ratio Rank: 71
AVGO Omega Ratio Rank: 72
AVGO Calmar Ratio Rank: 74
AVGO Martin Ratio Rank: 74

PME.AX

PME.AX Risk / Return Rank: 15
PME.AX Sharpe Ratio Rank: 10
PME.AX Sortino Ratio Rank: 12
PME.AX Omega Ratio Rank: 11
PME.AX Calmar Ratio Rank: 21
PME.AX Martin Ratio Rank: 22

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AVGO vs. PME.AX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Broadcom Inc. (AVGO) and Pro Medicus Limited (PME.AX). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	AVGO	PME.AX	Difference
Sharpe ratio: Return per unit of total volatility	1.11	-0.68	+1.79
Sortino ratio: Return per unit of downside risk	1.69	-0.78	+2.47
Omega ratio: Gain probability vs. loss probability	1.22	0.89	+0.33
Calmar ratio: Return relative to maximum drawdown	1.77	-0.55	+2.32
Martin ratio: Return relative to average drawdown	4.11	-0.96	+5.07

AVGO vs. PME.AX - Sharpe Ratio Comparison

The current AVGO Sharpe Ratio is 1.11, which is higher than the PME.AX Sharpe Ratio of -0.68. The chart below compares the historical Sharpe Ratios of AVGO and PME.AX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

AVGO vs. PME.AX - Drawdown Comparison

The maximum AVGO drawdown since its inception was -48.30%, smaller than the maximum PME.AX drawdown of -85.69%. Use the drawdown chart below to compare losses from any high point for AVGO and PME.AX.

Drawdown Indicators

	AVGO	PME.AX	Difference
Max Drawdown Largest peak-to-trough decline	-48.30%	-85.69%	+37.39%
Max Drawdown (1Y) Largest decline over 1 year	-28.67%	-64.55%	+35.88%
Max Drawdown (3Y) Largest decline over 3 years	-41.15%	-64.55%	+23.40%
Max Drawdown (5Y) Largest decline over 5 years	-41.15%	-64.55%	+23.40%
Max Drawdown (10Y) Largest decline over 10 years	-48.30%	-66.87%	+18.57%
Current Drawdown Current decline from peak	-20.66%	-46.19%	+25.53%
Average Drawdown Average peak-to-trough decline	-7.98%	-29.03%	+21.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.30%	37.56%	-25.26%

Volatility

AVGO vs. PME.AX - Volatility Comparison

Broadcom Inc. (AVGO) has a higher volatility of 20.53% compared to Pro Medicus Limited (PME.AX) at 15.11%. This indicates that AVGO's price experiences larger fluctuations and is considered to be riskier than PME.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AVGO	PME.AX	Difference
Volatility (1M) Calculated over the trailing 1-month period	20.53%	15.11%	+5.42%
Volatility (6M) Calculated over the trailing 6-month period	35.04%	49.90%	-14.86%
Volatility (1Y) Calculated over the trailing 1-year period	45.57%	52.01%	-6.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	43.39%	43.71%	-0.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	39.52%	45.02%	-5.50%

Dividends

AVGO vs. PME.AX - Dividend Comparison

AVGO's dividend yield for the trailing twelve months is around 0.65%, more than PME.AX's 0.38% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AVGO Broadcom Inc.	0.65%	0.70%	0.94%	1.71%	3.02%	2.24%	3.05%	3.54%	3.11%	1.87%	1.43%	1.13%
PME.AX Pro Medicus Limited	0.38%	0.25%	0.16%	0.31%	0.40%	0.24%	0.35%	0.31%	0.55%	0.46%	0.62%	0.60%

Financials

Frequently Asked Questions

Can I hold both AVGO and PME.AX in my portfolio?

AVGO and PME.AX have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.