AVGO vs. TPL

Last updated Jun 9, 2026

AVGO (Broadcom Inc.) and TPL (Texas Pacific Land Corporation) are both stocks. AVGO operates in Semiconductors (Technology), while TPL operates in Oil & Gas E&P (Energy). Over the past 10 years, AVGO returned 41.32%/yr vs 37.24%/yr for TPL. At a 0.19 correlation, their price movements are largely independent.

Performance

AVGO vs. TPL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Broadcom Inc. (AVGO) and Texas Pacific Land Corporation (TPL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AVGO achieves a 14.83% return, which is significantly lower than TPL's 38.29% return. Over the past 10 years, AVGO has outperformed TPL with an annualized return of 41.32%, while TPL has yielded a comparatively lower 37.24% 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%

TPL

• 1D: 1.63%
• 1M: 0.65%
• YTD: 38.29%
• 6M: 31.79%
• 1Y: 7.42%
• 3Y*: 38.29%
• 5Y*: 19.99%
• 10Y*: 37.24%

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

AVGO vs. TPL - 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%
TPL Texas Pacific Land Corporation	38.29%	-21.61%	115.31%	-32.40%	91.29%	73.25%	-4.69%	44.58%	21.96%	51.18%

Correlation

The correlation between AVGO and TPL is 0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.09
Correlation (3Y) Calculated over the trailing 3-year period	0.16
Correlation (5Y) Calculated over the trailing 5-year period	0.22
Correlation (10Y) Calculated over the trailing 10-year period	0.22
Correlation (All Time) Calculated using the full available price history since Aug 7, 2009	0.19

The correlation between AVGO and TPL shifts across timeframes, from 0.09 (1 year) to 0.22 (5 years), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap AVGO : $1.93T TPL : $27.34B
EPS AVGO : $6.01 TPL : $7.30
PE Ratio AVGO : 65.99 TPL : 54.30
PEG Ratio AVGO : 0.82 TPL : 2.87
PS Ratio AVGO : 25.64 TPL : 32.59
PB Ratio AVGO : 22.05 TPL : 17.57
Total Revenue (TTM) AVGO : $75.47B TPL : $839.03M
Gross Profit (TTM) AVGO : $50.53B TPL : $625.27M
EBITDA (TTM) AVGO : $41.76B TPL : $690.06M

Return for Risk

AVGO vs. TPL — Risk / Return Rank

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

AVGO

AVGO Risk / Return Rank: 77
AVGO Sharpe Ratio Rank: 80
AVGO Sortino Ratio Rank: 75
AVGO Omega Ratio Rank: 76
AVGO Calmar Ratio Rank: 77
AVGO Martin Ratio Rank: 77

TPL

TPL Risk / Return Rank: 47
TPL Sharpe Ratio Rank: 48
TPL Sortino Ratio Rank: 45
TPL Omega Ratio Rank: 45
TPL Calmar Ratio Rank: 48
TPL Martin Ratio Rank: 47

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. TPL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Broadcom Inc. (AVGO) and Texas Pacific Land Corporation (TPL). 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	TPL	Difference
Sharpe ratio: Return per unit of total volatility	1.38	0.16	+1.22
Sortino ratio: Return per unit of downside risk	1.95	0.56	+1.40
Omega ratio: Gain probability vs. loss probability	1.26	1.07	+0.19
Calmar ratio: Return relative to maximum drawdown	2.17	0.24	+1.94
Martin ratio: Return relative to average drawdown	5.16	0.45	+4.72
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AVGO vs. TPL - Sharpe Ratio Comparison

The current AVGO Sharpe Ratio is 1.38, which is higher than the TPL Sharpe Ratio of 0.16. The chart below compares the historical Sharpe Ratios of AVGO and TPL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	AVGO	TPL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.38	0.16	+1.22
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.32	0.43	+0.88
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	1.05	0.79	+0.26
Sharpe Ratio (All Time) Calculated using the full available price history	1.09	0.56	+0.53

Drawdowns

AVGO vs. TPL - Drawdown Comparison

The maximum AVGO drawdown since its inception was -48.30%, smaller than the maximum TPL drawdown of -73.05%. Use the drawdown chart below to compare losses from any high point for AVGO and TPL.

Drawdown Indicators

	AVGO	TPL	Difference
Max Drawdown Largest peak-to-trough decline	-48.30%	-73.05%	+24.75%
Max Drawdown (1Y) Largest decline over 1 year	-28.67%	-31.68%	+3.01%
Max Drawdown (3Y) Largest decline over 3 years	-41.15%	-52.22%	+11.07%
Max Drawdown (5Y) Largest decline over 5 years	-41.15%	-52.50%	+11.35%
Max Drawdown (10Y) Largest decline over 10 years	-48.30%	-65.46%	+17.16%
Current Drawdown Current decline from peak	-17.64%	-30.63%	+12.99%
Average Drawdown Average peak-to-trough decline	-7.97%	-27.27%	+19.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.03%	16.65%	-4.62%

Volatility

AVGO vs. TPL - Volatility Comparison

Broadcom Inc. (AVGO) has a higher volatility of 20.09% compared to Texas Pacific Land Corporation (TPL) at 14.07%. This indicates that AVGO's price experiences larger fluctuations and is considered to be riskier than TPL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AVGO	TPL	Difference
Volatility (1M) Calculated over the trailing 1-month period	20.09%	14.07%	+6.02%
Volatility (6M) Calculated over the trailing 6-month period	34.69%	37.91%	-3.22%
Volatility (1Y) Calculated over the trailing 1-year period	45.31%	46.71%	-1.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	43.31%	46.23%	-2.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	39.48%	47.10%	-7.62%

Dividends

AVGO vs. TPL - Dividend Comparison

AVGO's dividend yield for the trailing twelve months is around 0.63%, more than TPL's 0.57% yield.

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%
TPL Texas Pacific Land Corporation	0.57%	0.74%	1.37%	0.83%	1.37%	0.88%	2.20%	0.22%	0.55%	0.30%	0.10%	0.22%

Financials

AVGO vs. TPL - Profitability Comparison

The chart below illustrates the profitability comparison between Broadcom Inc. and Texas Pacific Land Corporation over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

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%.

TPL - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Texas Pacific Land Corporation reported a gross profit of 0.00 and revenue of 236.82M. Therefore, the gross margin over that period was 0.0%.

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%.

TPL - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Texas Pacific Land Corporation reported an operating income of 182.33M and revenue of 236.82M, resulting in an operating margin of 77.0%.

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%.

TPL - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Texas Pacific Land Corporation reported a net income of 142.90M and revenue of 236.82M, resulting in a net margin of 60.3%.

Frequently Asked Questions

Can I hold both AVGO and TPL in my portfolio?

AVGO and TPL have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AVGO or TPL?

AVGO has higher volatility (20.09%) compared to TPL (14.07%). In terms of maximum drawdown, AVGO dropped -48.30% vs TPL's -73.05%.

Which has better risk-adjusted returns?

AVGO currently has the higher Sharpe Ratio (1.38 vs 0.16), 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.