NA.TO vs. AVGO
NA.TO (National Bank of Canada) and AVGO (Broadcom Inc.) are both stocks. NA.TO operates in Banks - Diversified (Financial Services), while AVGO operates in Semiconductors (Technology). Over the past 10 years, NA.TO returned 21.48%/yr vs 42.18%/yr for AVGO. At a 0.25 correlation, their price movements are largely independent.
Performance
NA.TO vs. AVGO - Performance Comparison
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Different Trading Currencies
NA.TO is traded in CAD, while AVGO is traded in USD. To make them comparable, the AVGO values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, NA.TO achieves a 22.40% return, which is significantly higher than AVGO's 12.99% return. Over the past 10 years, NA.TO has underperformed AVGO with an annualized return of 21.48%, while AVGO has yielded a comparatively higher 42.18% annualized return.
NA.TO
- 1D
- 0.62%
- 1M
- 2.52%
- YTD
- 22.40%
- 6M
- 23.26%
- 1Y
- 60.21%
- 3Y*
- 33.78%
- 5Y*
- 22.51%
- 10Y*
- 21.48%
AVGO
- 1D
- -0.62%
- 1M
- -6.39%
- YTD
- 12.99%
- 6M
- 8.21%
- 1Y
- 53.95%
- 3Y*
- 69.73%
- 5Y*
- 59.67%
- 10Y*
- 42.18%
NA.TO vs. AVGO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NA.TO National Bank of Canada | 22.40% | 36.15% | 34.65% | 15.53% | -1.45% | 39.02% | 4.01% | 34.04% | -6.92% | 19.77% |
AVGO Broadcom Inc. | 12.99% | 43.76% | 128.32% | 99.33% | -7.77% | 56.41% | 41.44% | 23.73% | 10.77% | 38.15% |
Correlation
The correlation between NA.TO and AVGO is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.26 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Aug 6, 2009 | 0.25 |
Fundamentals
NA.TO:
CA$82.13B
AVGO:
$1.86T
NA.TO:
CA$11.69
AVGO:
$6.01
NA.TO:
17.95
AVGO:
63.58
NA.TO:
5.02
AVGO:
0.79
NA.TO:
3.03
AVGO:
24.70
NA.TO:
2.65
AVGO:
21.24
NA.TO:
CA$27.33B
AVGO:
$75.47B
NA.TO:
CA$14.01B
AVGO:
$50.53B
NA.TO:
CA$6.37B
AVGO:
$41.76B
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Return for Risk
NA.TO vs. AVGO — Risk / Return Rank
NA.TO
AVGO
NA.TO vs. AVGO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for National Bank of Canada (NA.TO) 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.
| NA.TO | AVGO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.58 | ||
| Sortino ratioReturn per unit of downside risk | +3.29 | ||
| Omega ratioGain probability vs. loss probability | 1.70 | 1.23 | +0.47 |
| Calmar ratioReturn relative to maximum drawdown | 6.73 | 1.91 | +4.82 |
| Martin ratioReturn relative to average drawdown | 22.50 | 4.31 | +18.18 |
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Drawdowns
NA.TO vs. AVGO - Drawdown Comparison
The maximum NA.TO drawdown since its inception was -55.45%, which is greater than AVGO's maximum drawdown of -44.61%. Use the drawdown chart below to compare losses from any high point for NA.TO and AVGO.
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Drawdown Indicators
| NA.TO | AVGO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.45% | -44.61% | -10.84% |
Max Drawdown (1Y)Largest decline over 1 year | -8.99% | -28.39% | +19.40% |
Max Drawdown (3Y)Largest decline over 3 years | -22.58% | -41.75% | +19.17% |
Max Drawdown (5Y)Largest decline over 5 years | -22.58% | -41.75% | +19.17% |
Max Drawdown (10Y)Largest decline over 10 years | -48.22% | -44.61% | -3.61% |
Current DrawdownCurrent decline from peak | -1.68% | -19.81% | +18.13% |
Average DrawdownAverage peak-to-trough decline | -6.76% | -7.61% | +0.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.68% | 12.55% | -9.87% |
Volatility
NA.TO vs. AVGO - Volatility Comparison
The current volatility for National Bank of Canada (NA.TO) is 6.17%, while Broadcom Inc. (AVGO) has a volatility of 20.34%. This indicates that NA.TO 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
| NA.TO | AVGO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.17% | 20.34% | -14.17% |
Volatility (6M)Calculated over the trailing 6-month period | 13.64% | 34.89% | -21.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.05% | 45.47% | -29.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.50% | 43.90% | -26.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.94% | 40.16% | -19.22% |
Dividends
NA.TO vs. AVGO - Dividend Comparison
NA.TO's dividend yield for the trailing twelve months is around 2.31%, 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% |
NA.TO National Bank of Canada | 2.31% | 2.75% | 3.36% | 4.03% | 4.03% | 3.11% | 3.96% | 3.77% | 4.44% | 3.70% | 4.03% | 5.16% |
Financials
NA.TO vs. AVGO - Financials Comparison
This section allows you to compare key financial metrics between National Bank of Canada 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
NA.TO vs. AVGO - Profitability Comparison
NA.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, National Bank of Canada reported a gross profit of 3.66B and revenue of 8.07B. Therefore, the gross margin over that period was 45.4%.
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%.
NA.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, National Bank of Canada reported an operating income of 1.62B and revenue of 8.07B, resulting in an operating margin of 20.0%.
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%.
NA.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, National Bank of Canada reported a net income of 1.23B and revenue of 8.07B, resulting in a net margin of 15.3%.
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
NA.TO and AVGO have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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