ANET vs. CEG
ANET (Arista Networks, Inc.) and CEG (Constellation Energy Corp) are both stocks. ANET operates in Computer Hardware (Technology), while CEG operates in Utilities - Renewable (Utilities). Over the past 3 years, ANET returned 57.04%/yr vs 40.06%/yr for CEG. At a 0.44 correlation, their price movements are largely independent.
Performance
ANET vs. CEG - Performance Comparison
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Returns By Period
In the year-to-date period, ANET achieves a 24.58% return, which is significantly higher than CEG's -27.96% return.
ANET
- 1D
- 4.37%
- 1M
- 14.98%
- YTD
- 24.58%
- 6M
- 30.84%
- 1Y
- 76.76%
- 3Y*
- 57.04%
- 5Y*
- 48.31%
- 10Y*
- 43.12%
CEG
- 1D
- 2.86%
- 1M
- -5.03%
- YTD
- -27.96%
- 6M
- -27.70%
- 1Y
- -14.08%
- 3Y*
- 40.06%
- 5Y*
- —
- 10Y*
- —
ANET vs. CEG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
ANET Arista Networks, Inc. | 24.58% | 18.55% | 87.73% | 94.07% | -2.37% |
CEG Constellation Energy Corp | -27.96% | 58.80% | 92.71% | 37.24% | 73.87% |
Correlation
The correlation between ANET and CEG is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.42 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since Feb 2, 2022 | 0.44 |
Fundamentals
ANET:
$207.94B
CEG:
$89.83B
ANET:
$2.92
CEG:
$8.13
ANET:
55.91
CEG:
31.23
ANET:
1.31
CEG:
0.54
ANET:
21.42
CEG:
3.31
ANET:
15.42
CEG:
2.68
ANET:
$9.71B
CEG:
$24.82B
ANET:
$6.17B
CEG:
$20.98B
ANET:
$4.21B
CEG:
$5.87B
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Return for Risk
ANET vs. CEG — Risk / Return Rank
ANET
CEG
ANET vs. CEG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Arista Networks, Inc. (ANET) and Constellation Energy Corp (CEG). 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.
| ANET | CEG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.65 | ||
| Sortino ratioReturn per unit of downside risk | +2.07 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 0.98 | +0.26 |
| Calmar ratioReturn relative to maximum drawdown | 2.50 | -0.38 | +2.88 |
| Martin ratioReturn relative to average drawdown | 5.20 | -0.78 | +5.98 |
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Drawdowns
ANET vs. CEG - Drawdown Comparison
The maximum ANET drawdown since its inception was -52.20%, roughly equal to the maximum CEG drawdown of -50.70%. Use the drawdown chart below to compare losses from any high point for ANET and CEG.
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Drawdown Indicators
| ANET | CEG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.20% | -50.70% | -1.50% |
Max Drawdown (1Y)Largest decline over 1 year | -28.33% | -39.77% | +11.44% |
Max Drawdown (3Y)Largest decline over 3 years | -50.42% | -50.70% | +0.28% |
Max Drawdown (5Y)Largest decline over 5 years | -50.42% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -52.20% | — | — |
Current DrawdownCurrent decline from peak | -8.15% | -36.93% | +28.78% |
Average DrawdownAverage peak-to-trough decline | -15.39% | -11.67% | -3.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.60% | 19.38% | -5.78% |
Volatility
ANET vs. CEG - Volatility Comparison
Arista Networks, Inc. (ANET) has a higher volatility of 16.62% compared to Constellation Energy Corp (CEG) at 15.26%. This indicates that ANET's price experiences larger fluctuations and is considered to be riskier than CEG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ANET | CEG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.62% | 15.26% | +1.36% |
Volatility (6M)Calculated over the trailing 6-month period | 40.79% | 37.72% | +3.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 53.57% | 46.66% | +6.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 47.23% | 49.38% | -2.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 45.00% | 49.38% | -4.38% |
Dividends
ANET vs. CEG - Dividend Comparison
ANET has not paid dividends to shareholders, while CEG's dividend yield for the trailing twelve months is around 0.64%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
ANET Arista Networks, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
CEG Constellation Energy Corp | 0.64% | 0.44% | 0.63% | 0.97% | 0.65% |
Financials
ANET vs. CEG - Financials Comparison
This section allows you to compare key financial metrics between Arista Networks, Inc. and Constellation Energy Corp. 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
ANET vs. CEG - Profitability Comparison
ANET - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Arista Networks, Inc. reported a gross profit of 1.68B and revenue of 2.71B. Therefore, the gross margin over that period was 61.9%.
CEG - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Constellation Energy Corp reported a gross profit of 2.48B and revenue of 6.07B. Therefore, the gross margin over that period was 40.8%.
ANET - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Arista Networks, Inc. reported an operating income of 1.16B and revenue of 2.71B, resulting in an operating margin of 42.7%.
CEG - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Constellation Energy Corp reported an operating income of 598.00M and revenue of 6.07B, resulting in an operating margin of 9.9%.
ANET - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Arista Networks, Inc. reported a net income of 1.02B and revenue of 2.71B, resulting in a net margin of 37.8%.
CEG - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Constellation Energy Corp reported a net income of 432.00M and revenue of 6.07B, resulting in a net margin of 7.1%.
Frequently Asked Questions
ANET and CEG have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ANET has higher volatility (16.62%) compared to CEG (15.26%). In terms of maximum drawdown, ANET dropped -52.20% vs CEG's -50.70%.
ANET currently has the higher Sharpe Ratio (1.32 vs -0.32), 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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