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AVGO vs. XMA.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

AVGO vs. XMA.TO

Last updated Jun 13, 2026

AVGO (Broadcom Inc.) is a stock, while XMA.TO (iShares S&P/TSX Capped Materials Index ETF) is Materials fund tracking the S&P/TSX Capped Materials TR. Over the past 10 years, AVGO returned 40.96%/yr vs 12.52%/yr for XMA.TO. At a 0.21 correlation, their price movements are largely independent.

Performance

AVGO vs. XMA.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Broadcom Inc. (AVGO) and iShares S&P/TSX Capped Materials Index ETF (XMA.TO). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

AVGO is traded in USD, while XMA.TO is traded in CAD. To make them comparable, the XMA.TO 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 XMA.TO's -0.05% return. Over the past 10 years, AVGO has outperformed XMA.TO with an annualized return of 40.96%, while XMA.TO has yielded a comparatively lower 12.52% annualized return.

AVGO

1D
-0.91%
1M
-10.14%
YTD
10.62%
6M
6.58%
1Y
54.87%
3Y*
67.17%
5Y*
55.09%
10Y*
40.96%

XMA.TO

1D
2.84%
1M
-6.22%
YTD
-0.05%
6M
1.92%
1Y
49.51%
3Y*
31.32%
5Y*
15.40%
10Y*
12.52%
*Multi-year figures are annualized to reflect compound growth (CAGR)

AVGO vs. XMA.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
AVGO
Broadcom Inc.		10.62%50.63%110.49%104.18%-13.27%56.48%44.88%29.05%2.18%48.19%
XMA.TO
iShares S&P/TSX Capped Materials Index ETF		-0.05%108.74%11.29%0.35%-4.69%3.37%22.64%30.00%-17.38%14.90%

Correlation

The correlation between AVGO and XMA.TO is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.21

Correlation (3Y)
Calculated over the trailing 3-year period

0.21

Correlation (5Y)
Calculated over the trailing 5-year period

0.23

Correlation (10Y)
Calculated over the trailing 10-year period

0.20

Correlation (All Time)
Calculated using the full available price history since Aug 6, 2009

0.21

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Broadcom Inc.

iShares S&P/TSX Capped Materials Index ETF

Often compared with AVGO:
AVGO vs. NVDAAVGO vs. MRVLAVGO vs. QCOMAVGO vs. VOOAVGO vs. AAPLAVGO vs. ^GSPCAVGO vs. SCHD
Often compared with XMA.TO:
XMA.TO vs. XGD.TOXMA.TO vs. XETM.TOXMA.TO vs. XIC.TOXMA.TO vs. ZUT.TOXMA.TO vs. XIT.TOXMA.TO vs. XEQT.TOXMA.TO vs. XBM.TO

Return for Risk

AVGO vs. XMA.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
AVGO
AVGO Risk / Return Rank: 7474
Overall Rank
AVGO Sharpe Ratio Rank: 7676
Sharpe Ratio Rank
AVGO Sortino Ratio Rank: 7171
Sortino Ratio Rank
AVGO Omega Ratio Rank: 7272
Omega Ratio Rank
AVGO Calmar Ratio Rank: 7474
Calmar Ratio Rank
AVGO Martin Ratio Rank: 7474
Martin Ratio Rank
XMA.TO
XMA.TO Risk / Return Rank: 4444
Overall Rank
XMA.TO Sharpe Ratio Rank: 4848
Sharpe Ratio Rank
XMA.TO Sortino Ratio Rank: 3939
Sortino Ratio Rank
XMA.TO Omega Ratio Rank: 4747
Omega Ratio Rank
XMA.TO Calmar Ratio Rank: 4545
Calmar Ratio Rank
XMA.TO Martin Ratio Rank: 3838
Martin Ratio Rank
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. XMA.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Broadcom Inc. (AVGO) and iShares S&P/TSX Capped Materials Index ETF (XMA.TO). 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.

AVGOXMA.TODifference
Sharpe ratioReturn per unit of total volatility
1.11
1.35

-0.24

Sortino ratioReturn per unit of downside risk
1.69
1.74

-0.05

Omega ratioGain probability vs. loss probability

1.22

1.25

-0.03

Calmar ratioReturn relative to maximum drawdown

1.77

1.76

0.00

Martin ratioReturn relative to average drawdown

4.11

4.94

-0.83

AVGO vs. XMA.TO - Sharpe Ratio Comparison

The current AVGO Sharpe Ratio is 1.11, which is comparable to the XMA.TO Sharpe Ratio of 1.35. The chart below compares the historical Sharpe Ratios of AVGO and XMA.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

AVGO vs. XMA.TO - Drawdown Comparison

The maximum AVGO drawdown since its inception was -48.30%, smaller than the maximum XMA.TO drawdown of -76.39%. Use the drawdown chart below to compare losses from any high point for AVGO and XMA.TO.

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Drawdown Indicators

AVGOXMA.TODifference

Max Drawdown

Largest peak-to-trough decline

-48.30%

-76.39%

+28.09%

Max Drawdown (1Y)

Largest decline over 1 year

-28.67%

-29.93%

+1.26%

Max Drawdown (3Y)

Largest decline over 3 years

-41.15%

-29.93%

-11.22%

Max Drawdown (5Y)

Largest decline over 5 years

-41.15%

-37.18%

-3.97%

Max Drawdown (10Y)

Largest decline over 10 years

-48.30%

-37.18%

-11.12%

Current Drawdown

Current decline from peak

-20.66%

-24.63%

+3.97%

Average Drawdown

Average peak-to-trough decline

-7.98%

-37.72%

+29.74%

Ulcer Index

Depth and duration of drawdowns from previous peaks

12.30%

10.66%

+1.64%

Volatility

AVGO vs. XMA.TO - Volatility Comparison

Broadcom Inc. (AVGO) has a higher volatility of 20.53% compared to iShares S&P/TSX Capped Materials Index ETF (XMA.TO) at 15.40%. This indicates that AVGO's price experiences larger fluctuations and is considered to be riskier than XMA.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

AVGOXMA.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

20.53%

15.40%

+5.13%

Volatility (6M)

Calculated over the trailing 6-month period

35.04%

32.78%

+2.26%

Volatility (1Y)

Calculated over the trailing 1-year period

45.57%

38.99%

+6.58%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

43.39%

28.82%

+14.57%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

39.52%

27.56%

+11.96%

Dividends

AVGO vs. XMA.TO - Dividend Comparison

AVGO's dividend yield for the trailing twelve months is around 0.65%, more than XMA.TO's 0.39% yield.

PositionTTM20252024202320222021202020192018201720162015
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%
XMA.TO
iShares S&P/TSX Capped Materials Index ETF		0.39%0.41%0.83%1.26%1.24%0.87%0.63%0.64%0.75%0.47%0.82%1.87%

Frequently Asked Questions

AVGO and XMA.TO have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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