GRMN vs. AVGO
GRMN (Garmin Ltd.) and AVGO (Broadcom Inc.) are both stocks. Both are in the Technology sector — GRMN in Scientific & Technical Instruments, AVGO in Semiconductors. Over the past 10 years, GRMN returned 22.02%/yr vs 40.96%/yr for AVGO. At a 0.39 correlation, their price movements are largely independent.
Performance
GRMN vs. AVGO - Performance Comparison
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Returns By Period
In the year-to-date period, GRMN achieves a 17.83% return, which is significantly higher than AVGO's 10.62% return. Over the past 10 years, GRMN has underperformed AVGO with an annualized return of 22.02%, while AVGO has yielded a comparatively higher 40.96% annualized return.
GRMN
- 1D
- -0.20%
- 1M
- 5.47%
- YTD
- 17.83%
- 6M
- 14.71%
- 1Y
- 20.22%
- 3Y*
- 32.81%
- 5Y*
- 12.86%
- 10Y*
- 22.02%
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%
GRMN vs. AVGO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GRMN Garmin Ltd. | 17.83% | -0.06% | 63.25% | 43.12% | -30.20% | 15.90% | 25.86% | 58.13% | 9.84% | 27.60% |
AVGO Broadcom Inc. | 10.62% | 50.63% | 110.49% | 104.18% | -13.27% | 56.48% | 44.88% | 29.05% | 2.18% | 48.19% |
Correlation
The correlation between GRMN and AVGO is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.30 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.41 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since Aug 6, 2009 | 0.39 |
The correlation between GRMN and AVGO shifts across timeframes, from 0.26 (1 year) to 0.41 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
GRMN:
$46.09B
AVGO:
$1.86T
GRMN:
$8.97
AVGO:
$6.01
GRMN:
26.55
AVGO:
63.58
GRMN:
2.13
AVGO:
0.79
GRMN:
6.18
AVGO:
24.70
GRMN:
4.97
AVGO:
21.24
GRMN:
$7.46B
AVGO:
$75.47B
GRMN:
$4.41B
AVGO:
$50.53B
GRMN:
$2.26B
AVGO:
$41.76B
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Return for Risk
GRMN vs. AVGO — Risk / Return Rank
GRMN
AVGO
GRMN vs. AVGO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Garmin Ltd. (GRMN) 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.
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.
| GRMN | AVGO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.58 | ||
| Sortino ratioReturn per unit of downside risk | -0.79 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.22 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 0.58 | 1.77 | -1.19 |
| Martin ratioReturn relative to average drawdown | 1.27 | 4.11 | -2.85 |
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Drawdowns
GRMN vs. AVGO - Drawdown Comparison
The maximum GRMN drawdown since its inception was -87.71%, which is greater than AVGO's maximum drawdown of -48.30%. Use the drawdown chart below to compare losses from any high point for GRMN and AVGO.
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Drawdown Indicators
| GRMN | AVGO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.71% | -48.30% | -39.41% |
Max Drawdown (1Y)Largest decline over 1 year | -27.97% | -28.67% | +0.70% |
Max Drawdown (3Y)Largest decline over 3 years | -27.97% | -41.15% | +13.18% |
Max Drawdown (5Y)Largest decline over 5 years | -54.63% | -41.15% | -13.48% |
Max Drawdown (10Y)Largest decline over 10 years | -54.63% | -48.30% | -6.33% |
Current DrawdownCurrent decline from peak | -11.00% | -20.66% | +9.66% |
Average DrawdownAverage peak-to-trough decline | -31.54% | -7.98% | -23.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.79% | 12.30% | +0.49% |
Volatility
GRMN vs. AVGO - Volatility Comparison
The current volatility for Garmin Ltd. (GRMN) is 8.24%, while Broadcom Inc. (AVGO) has a volatility of 20.53%. This indicates that GRMN 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.
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Volatility by Period
| GRMN | AVGO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.24% | 20.53% | -12.29% |
Volatility (6M)Calculated over the trailing 6-month period | 22.18% | 35.04% | -12.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.32% | 45.57% | -15.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.41% | 43.39% | -12.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.36% | 39.52% | -11.16% |
Dividends
GRMN vs. AVGO - Dividend Comparison
GRMN's dividend yield for the trailing twelve months is around 1.51%, more than AVGO's 0.65% 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% |
GRMN Garmin Ltd. | 1.51% | 1.70% | 1.44% | 2.27% | 3.10% | 1.92% | 2.01% | 2.30% | 3.32% | 3.42% | 4.21% | 5.41% |
Financials
GRMN vs. AVGO - Financials Comparison
This section allows you to compare key financial metrics between Garmin Ltd. and Broadcom Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
GRMN vs. AVGO - Profitability Comparison
GRMN - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Garmin Ltd. reported a gross profit of 1.04B and revenue of 1.75B. Therefore, the gross margin over that period was 59.4%.
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%.
GRMN - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Garmin Ltd. reported an operating income of 431.67M and revenue of 1.75B, resulting in an operating margin of 24.6%.
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%.
GRMN - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Garmin Ltd. reported a net income of 405.08M and revenue of 1.75B, resulting in a net margin of 23.1%.
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
GRMN and AVGO have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AVGO has higher volatility (20.53%) compared to GRMN (8.24%). In terms of maximum drawdown, GRMN dropped -87.71% vs AVGO's -48.30%.
AVGO currently has the higher Sharpe Ratio (1.11 vs 0.53), 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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