AVGO vs. USMV
AVGO (Broadcom Inc.) is a stock, while USMV (iShares MSCI USA Min Vol Factor ETF) is Large Cap Blend Equities fund tracking the MSCI USA Minimum Volatility Index. Over the past 10 years, AVGO returned 41.32%/yr vs 9.75%/yr for USMV. At a 0.44 correlation, their price movements are largely independent.
Performance
AVGO vs. USMV - Performance Comparison
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Returns By Period
In the year-to-date period, AVGO achieves a 14.83% return, which is significantly higher than USMV's 1.55% return. Over the past 10 years, AVGO has outperformed USMV with an annualized return of 41.32%, while USMV has yielded a comparatively lower 9.75% 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%
USMV
- 1D
- -0.43%
- 1M
- 1.28%
- YTD
- 1.55%
- 6M
- 2.27%
- 1Y
- 3.18%
- 3Y*
- 11.35%
- 5Y*
- 7.21%
- 10Y*
- 9.75%
AVGO vs. USMV - 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% |
USMV iShares MSCI USA Min Vol Factor ETF | 1.55% | 7.65% | 15.74% | 10.33% | -9.43% | 20.85% | 5.64% | 27.69% | 1.33% | 18.91% |
Correlation
The correlation between AVGO and USMV is 0.08, 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 | 0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.40 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since Oct 20, 2011 | 0.44 |
Over the past year, the correlation between AVGO and USMV has dropped to 0.08 - well below their long-term average of 0.44, suggesting their price drivers have been diverging.
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Return for Risk
AVGO vs. USMV — Risk / Return Rank
AVGO
USMV
AVGO vs. USMV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Broadcom Inc. (AVGO) and iShares MSCI USA Min Vol Factor ETF (USMV). 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 | USMV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.00 | ||
| Sortino ratioReturn per unit of downside risk | +1.37 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.07 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 2.17 | 0.49 | +1.68 |
| Martin ratioReturn relative to average drawdown | 5.16 | 1.64 | +3.52 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| AVGO | USMV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.38 | 0.37 | +1.00 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.32 | 0.59 | +0.73 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.05 | 0.67 | +0.38 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.09 | 0.86 | +0.23 |
Drawdowns
AVGO vs. USMV - Drawdown Comparison
The maximum AVGO drawdown since its inception was -48.30%, which is greater than USMV's maximum drawdown of -33.10%. Use the drawdown chart below to compare losses from any high point for AVGO and USMV.
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Drawdown Indicators
| AVGO | USMV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.30% | -33.10% | -15.20% |
Max Drawdown (1Y)Largest decline over 1 year | -28.67% | -6.46% | -22.21% |
Max Drawdown (3Y)Largest decline over 3 years | -41.15% | -9.36% | -31.79% |
Max Drawdown (5Y)Largest decline over 5 years | -41.15% | -17.93% | -23.22% |
Max Drawdown (10Y)Largest decline over 10 years | -48.30% | -33.10% | -15.20% |
Current DrawdownCurrent decline from peak | -17.64% | -2.24% | -15.40% |
Average DrawdownAverage peak-to-trough decline | -7.97% | -2.88% | -5.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.03% | 1.94% | +10.09% |
Volatility
AVGO vs. USMV - Volatility Comparison
Broadcom Inc. (AVGO) has a higher volatility of 20.09% compared to iShares MSCI USA Min Vol Factor ETF (USMV) at 2.65%. This indicates that AVGO's price experiences larger fluctuations and is considered to be riskier than USMV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AVGO | USMV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 20.09% | 2.65% | +17.44% |
Volatility (6M)Calculated over the trailing 6-month period | 34.69% | 6.02% | +28.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 45.31% | 8.57% | +36.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 43.31% | 12.36% | +30.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 39.48% | 14.51% | +24.97% |
Dividends
AVGO vs. USMV - Dividend Comparison
AVGO's dividend yield for the trailing twelve months is around 0.63%, less than USMV's 1.54% 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% |
USMV iShares MSCI USA Min Vol Factor ETF | 1.54% | 1.49% | 1.67% | 1.82% | 1.62% | 1.26% | 1.81% | 1.88% | 2.12% | 1.77% | 2.22% | 2.02% |
Frequently Asked Questions
AVGO and USMV have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AVGO has higher volatility (20.09%) compared to USMV (2.65%). In terms of maximum drawdown, AVGO dropped -48.30% vs USMV's -33.10%.
AVGO currently has the higher Sharpe Ratio (1.38 vs 0.37), 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.
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