ETN vs. AVGO

Last updated Jun 9, 2026

ETN (Eaton Corporation plc) and AVGO (Broadcom Inc.) are both stocks. ETN operates in Specialty Industrial Machinery (Industrials), while AVGO operates in Semiconductors (Technology). Over the past 10 years, ETN returned 23.50%/yr vs 41.32%/yr for AVGO. At a 0.47 correlation, their price movements are largely independent.

Performance

ETN vs. AVGO - Performance Comparison

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

Returns By Period

In the year-to-date period, ETN achieves a 27.32% return, which is significantly higher than AVGO's 14.83% return. Over the past 10 years, ETN has underperformed AVGO with an annualized return of 23.50%, while AVGO has yielded a comparatively higher 41.32% annualized return.

ETN

• 1D: 1.82%
• 1M: 0.41%
• YTD: 27.32%
• 6M: 18.09%
• 1Y: 23.03%
• 3Y*: 30.80%
• 5Y*: 24.42%
• 10Y*: 23.50%

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%

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

ETN vs. AVGO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ETN Eaton Corporation plc	27.32%	-2.79%	39.51%	56.22%	-7.18%	46.70%	29.88%	42.76%	-10.04%	21.54%
AVGO Broadcom Inc.	14.83%	50.63%	110.49%	104.18%	-13.27%	56.48%	44.88%	29.05%	2.18%	48.19%

Correlation

The correlation between ETN and AVGO 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	0.55
Correlation (5Y) Calculated over the trailing 5-year period	0.55
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 ETN and AVGO has been stable across timeframes, ranging from 0.47 to 0.55 - a consistent structural relationship.

Fundamentals

Market Cap ETN : $156.90B AVGO : $1.93T
EPS ETN : $10.22 AVGO : $6.01
PE Ratio ETN : 39.43 AVGO : 65.99
PEG Ratio ETN : 2.14 AVGO : 0.82
PS Ratio ETN : 5.52 AVGO : 25.64
PB Ratio ETN : 7.94 AVGO : 22.05
Total Revenue (TTM) ETN : $28.52B AVGO : $75.47B
Gross Profit (TTM) ETN : $7.87B AVGO : $50.53B
EBITDA (TTM) ETN : $4.75B AVGO : $41.76B

Return for Risk

ETN vs. AVGO — Risk / Return Rank

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

ETN

ETN Risk / Return Rank: 63
ETN Sharpe Ratio Rank: 66
ETN Sortino Ratio Rank: 58
ETN Omega Ratio Rank: 58
ETN Calmar Ratio Rank: 66
ETN Martin Ratio Rank: 65

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

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.

ETN vs. AVGO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Eaton Corporation plc (ETN) and Broadcom Inc. (AVGO). 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.

	ETN	AVGO	Difference
Sharpe ratio: Return per unit of total volatility	0.71	1.38	-0.66
Sortino ratio: Return per unit of downside risk	1.14	1.95	-0.81
Omega ratio: Gain probability vs. loss probability	1.14	1.26	-0.12
Calmar ratio: Return relative to maximum drawdown	1.21	2.17	-0.96
Martin ratio: Return relative to average drawdown	2.63	5.16	-2.53
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ETN vs. AVGO - Sharpe Ratio Comparison

The current ETN Sharpe Ratio is 0.71, which is lower than the AVGO Sharpe Ratio of 1.38. The chart below compares the historical Sharpe Ratios of ETN and AVGO, 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

	ETN	AVGO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.71	1.38	-0.66
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.82	1.32	-0.50
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.79	1.05	-0.26
Sharpe Ratio (All Time) Calculated using the full available price history	0.42	1.09	-0.67

Drawdowns

ETN vs. AVGO - Drawdown Comparison

The maximum ETN drawdown since its inception was -68.95%, which is greater than AVGO's maximum drawdown of -48.30%. Use the drawdown chart below to compare losses from any high point for ETN and AVGO.

Drawdown Indicators

	ETN	AVGO	Difference
Max Drawdown Largest peak-to-trough decline	-68.95%	-48.30%	-20.65%
Max Drawdown (1Y) Largest decline over 1 year	-19.14%	-28.67%	+9.53%
Max Drawdown (3Y) Largest decline over 3 years	-34.46%	-41.15%	+6.69%
Max Drawdown (5Y) Largest decline over 5 years	-34.46%	-41.15%	+6.69%
Max Drawdown (10Y) Largest decline over 10 years	-44.55%	-48.30%	+3.75%
Current Drawdown Current decline from peak	-6.64%	-17.64%	+11.00%
Average Drawdown Average peak-to-trough decline	-14.90%	-7.97%	-6.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.78%	12.03%	-3.25%

Volatility

ETN vs. AVGO - Volatility Comparison

The current volatility for Eaton Corporation plc (ETN) is 12.39%, while Broadcom Inc. (AVGO) has a volatility of 20.09%. This indicates that ETN experiences smaller price fluctuations and is considered to be less risky than AVGO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ETN	AVGO	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.39%	20.09%	-7.70%
Volatility (6M) Calculated over the trailing 6-month period	25.71%	34.69%	-8.98%
Volatility (1Y) Calculated over the trailing 1-year period	32.58%	45.31%	-12.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.03%	43.31%	-13.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.01%	39.48%	-9.47%

Dividends

ETN vs. AVGO - Dividend Comparison

ETN's dividend yield for the trailing twelve months is around 1.06%, more than AVGO's 0.63% 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%
ETN Eaton Corporation plc	1.06%	1.31%	1.13%	1.43%	2.06%	1.76%	1.88%	3.00%	3.85%	3.04%	3.40%	4.23%

Financials

ETN vs. AVGO - Profitability Comparison

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

ETN - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Eaton Corporation plc reported a gross profit of 0.00 and revenue of 7.45B. Therefore, the gross margin over that period was 0.0%.

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%.

ETN - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Eaton Corporation plc reported an operating income of 0.00 and revenue of 7.45B, resulting in an operating margin of 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%.

ETN - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Eaton Corporation plc reported a net income of 866.00M and revenue of 7.45B, resulting in a net margin of 11.6%.

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%.

Frequently Asked Questions

Can I hold both ETN and AVGO in my portfolio?

ETN and AVGO 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.

Which is riskier, ETN or AVGO?

AVGO has higher volatility (20.09%) compared to ETN (12.39%). In terms of maximum drawdown, ETN dropped -68.95% vs AVGO's -48.30%.

Which has better risk-adjusted returns?

AVGO currently has the higher Sharpe Ratio (1.38 vs 0.71), 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.