ALTR vs. ANET

Last updated Jun 4, 2026

ALTR (Altair Engineering Inc.) and ANET (Arista Networks, Inc.) are both stocks. Both are in the Technology sector — ALTR in Software - Infrastructure, ANET in Computer Hardware. At a 0.43 correlation, their price movements are largely independent.

Performance

ALTR vs. ANET - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Altair Engineering Inc. (ALTR) and Arista Networks, Inc. (ANET). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

ALTR

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ANET

• 1D: -0.55%
• 1M: 1.01%
• YTD: 33.08%
• 6M: 36.44%
• 1Y: 84.52%
• 3Y*: 62.51%
• 5Y*: 51.43%
• 10Y*: 43.55%

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

ALTR vs. ANET - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ALTR Altair Engineering Inc.	0.00%	2.51%	29.66%	85.07%	-41.19%	32.90%	62.02%	30.20%	15.30%	30.64%
ANET Arista Networks, Inc.	33.08%	18.55%	87.73%	94.07%	-15.58%	97.89%	42.86%	-3.46%	-10.56%	19.43%

Correlation

The correlation between ALTR and ANET is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (3Y) Calculated over the trailing 3-year period	0.25
Correlation (5Y) Calculated over the trailing 5-year period	0.42
Correlation (All Time) Calculated using the full available price history since Nov 2, 2017	0.43

The correlation between ALTR and ANET shifts across timeframes, from 0.25 (3 years) to 0.43 (all time), reflecting how their relationship changes across market environments.

Fundamentals

Total Revenue (TTM) ALTR : $665.79M ANET : $9.71B
Gross Profit (TTM) ALTR : $533.36M ANET : $6.17B
EBITDA (TTM) ALTR : $65.46M ANET : $4.21B

Return for Risk

ALTR vs. ANET — Risk / Return Rank

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

ANET

ANET Risk / Return Rank: 79
ANET Sharpe Ratio Rank: 83
ANET Sortino Ratio Rank: 77
ANET Omega Ratio Rank: 76
ANET Calmar Ratio Rank: 82
ANET Martin Ratio Rank: 79

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.

ALTR vs. ANET - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Altair Engineering Inc. (ALTR) and Arista Networks, Inc. (ANET). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	ALTR	ANET	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.61	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.10	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.97	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.86	—

Drawdowns

Drawdown Indicators

	ALTR	ANET	Difference
Max Drawdown Largest peak-to-trough decline	—	-52.20%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-28.33%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-50.42%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-50.42%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-52.20%	—
Current Drawdown Current decline from peak	—	-1.89%	—
Average Drawdown Average peak-to-trough decline	—	-15.41%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	13.47%	—

Volatility

Volatility by Period

	ALTR	ANET	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	21.10%	—
Volatility (6M) Calculated over the trailing 6-month period	—	39.36%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	52.87%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	47.04%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	44.89%	—

Dividends

ALTR vs. ANET - Dividend Comparison

Neither ALTR nor ANET has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both ALTR and ANET in my portfolio?

ALTR and ANET have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.