ANET vs. CMG
ANET (Arista Networks, Inc.) and CMG (Chipotle Mexican Grill, Inc.) are both stocks. ANET operates in Computer Hardware (Technology), while CMG operates in Restaurants (Consumer Cyclical). Over the past 10 years, ANET returned 43.12%/yr vs 15.09%/yr for CMG. At a 0.28 correlation, their price movements are largely independent.
Performance
ANET vs. CMG - 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 CMG's -12.89% return. Over the past 10 years, ANET has outperformed CMG with an annualized return of 43.12%, while CMG has yielded a comparatively lower 15.09% annualized return.
ANET
- 1D
- 4.37%
- 1M
- 16.03%
- YTD
- 24.58%
- 6M
- 30.84%
- 1Y
- 70.45%
- 3Y*
- 57.04%
- 5Y*
- 48.31%
- 10Y*
- 43.12%
CMG
- 1D
- 3.14%
- 1M
- 0.37%
- YTD
- -12.89%
- 6M
- -10.82%
- 1Y
- -36.67%
- 3Y*
- -7.94%
- 5Y*
- 3.35%
- 10Y*
- 15.09%
ANET vs. CMG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ANET Arista Networks, Inc. | 24.58% | 18.55% | 87.73% | 94.07% | -15.58% | 97.89% | 42.86% | -3.46% | -10.56% | 143.44% |
CMG Chipotle Mexican Grill, Inc. | -12.89% | -38.64% | 31.83% | 64.83% | -20.64% | 26.07% | 65.65% | 93.87% | 49.39% | -23.40% |
Correlation
The correlation between ANET and CMG is 0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.36 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since Jun 6, 2014 | 0.28 |
Over the past year, the correlation between ANET and CMG has dropped to 0.06 - well below their long-term average of 0.28, suggesting their price drivers have been diverging.
Fundamentals
ANET:
$207.94B
CMG:
$41.96B
ANET:
$2.92
CMG:
$1.09
ANET:
55.91
CMG:
29.48
ANET:
1.31
CMG:
1.10
ANET:
21.42
CMG:
3.53
ANET:
15.42
CMG:
17.43
ANET:
$9.71B
CMG:
$12.14B
ANET:
$6.17B
CMG:
$4.39B
ANET:
$4.21B
CMG:
$2.30B
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Return for Risk
ANET vs. CMG — Risk / Return Rank
ANET
CMG
ANET vs. CMG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Arista Networks, Inc. (ANET) and Chipotle Mexican Grill, Inc. (CMG). 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 | CMG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.28 | ||
| Sortino ratioReturn per unit of downside risk | +3.12 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 0.83 | +0.41 |
| Calmar ratioReturn relative to maximum drawdown | 2.50 | -0.71 | +3.21 |
| Martin ratioReturn relative to average drawdown | 5.20 | -1.04 | +6.24 |
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Drawdowns
ANET vs. CMG - Drawdown Comparison
The maximum ANET drawdown since its inception was -52.20%, smaller than the maximum CMG drawdown of -74.61%. Use the drawdown chart below to compare losses from any high point for ANET and CMG.
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Drawdown Indicators
| ANET | CMG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.20% | -74.61% | +22.41% |
Max Drawdown (1Y)Largest decline over 1 year | -28.33% | -51.61% | +23.28% |
Max Drawdown (3Y)Largest decline over 3 years | -50.42% | -58.89% | +8.47% |
Max Drawdown (5Y)Largest decline over 5 years | -50.42% | -58.89% | +8.47% |
Max Drawdown (10Y)Largest decline over 10 years | -52.20% | -58.89% | +6.69% |
Current DrawdownCurrent decline from peak | -8.15% | -52.98% | +44.83% |
Average DrawdownAverage peak-to-trough decline | -15.39% | -21.37% | +5.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.60% | 35.40% | -21.80% |
Volatility
ANET vs. CMG - Volatility Comparison
Arista Networks, Inc. (ANET) has a higher volatility of 16.62% compared to Chipotle Mexican Grill, Inc. (CMG) at 10.80%. This indicates that ANET's price experiences larger fluctuations and is considered to be riskier than CMG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ANET | CMG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.62% | 10.80% | +5.82% |
Volatility (6M)Calculated over the trailing 6-month period | 40.79% | 23.87% | +16.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 53.57% | 38.63% | +14.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 47.23% | 33.60% | +13.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 45.00% | 35.63% | +9.37% |
Dividends
ANET vs. CMG - Dividend Comparison
Neither ANET nor CMG has paid dividends to shareholders.
Financials
ANET vs. CMG - Financials Comparison
This section allows you to compare key financial metrics between Arista Networks, Inc. and Chipotle Mexican Grill, 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
ANET vs. CMG - 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%.
CMG - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Chipotle Mexican Grill, Inc. reported a gross profit of 2.11B and revenue of 3.09B. Therefore, the gross margin over that period was 68.4%.
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%.
CMG - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Chipotle Mexican Grill, Inc. reported an operating income of 397.06M and revenue of 3.09B, resulting in an operating margin of 12.9%.
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%.
CMG - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Chipotle Mexican Grill, Inc. reported a net income of 302.82M and revenue of 3.09B, resulting in a net margin of 9.8%.
Frequently Asked Questions
ANET and CMG have a correlation of 0.06, 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 CMG (10.80%). In terms of maximum drawdown, ANET dropped -52.20% vs CMG's -74.61%.
ANET currently has the higher Sharpe Ratio (1.32 vs -0.95), 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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