ANET vs. HUT

Last updated Jun 9, 2026

ANET (Arista Networks, Inc.) and HUT (Hut 8 Corp. Common Stock) are both stocks. ANET operates in Computer Hardware (Technology), while HUT operates in Capital Markets (Financial Services). Over the past 5 years, ANET returned 47.39%/yr vs 42.61%/yr for HUT. At a 0.30 correlation, their price movements are largely independent.

Performance

ANET vs. HUT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Arista Networks, Inc. (ANET) and Hut 8 Corp. Common Stock (HUT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ANET achieves a 19.36% return, which is significantly lower than HUT's 160.34% return.

ANET

• 1D: 1.38%
• 1M: 10.32%
• YTD: 19.36%
• 6M: 21.14%
• 1Y: 60.82%
• 3Y*: 56.72%
• 5Y*: 47.39%
• 10Y*: 42.38%

HUT

• 1D: 6.56%
• 1M: 21.47%
• YTD: 160.34%
• 6M: 178.59%
• 1Y: 544.05%
• 3Y*: 132.23%
• 5Y*: 42.61%
• 10Y*: —

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

ANET vs. HUT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
ANET Arista Networks, Inc.	19.36%	18.55%	87.73%	94.07%	-15.58%	97.89%	42.86%	-3.46%	-28.28%
HUT Hut 8 Corp. Common Stock	160.34%	124.21%	53.60%	213.88%	-89.17%	185.45%	250.63%	-25.02%	-70.92%

Correlation

The correlation between ANET and HUT 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	0.37
Correlation (5Y) Calculated over the trailing 5-year period	0.41
Correlation (All Time) Calculated using the full available price history since Mar 9, 2018	0.30

The correlation between ANET and HUT shifts across timeframes, from 0.30 (all time) to 0.42 (1 year), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap ANET : $199.22B HUT : $13.28B
EPS ANET : $2.92 HUT : -$2.73
PB Ratio ANET : 14.77 HUT : 9.63
Total Revenue (TTM) ANET : $9.71B HUT : -$40.96M
Gross Profit (TTM) ANET : $6.17B HUT : -$132.19M
EBITDA (TTM) ANET : $4.21B HUT : -$306.16M

Return for Risk

ANET vs. HUT — Risk / Return Rank

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

ANET

ANET Risk / Return Rank: 74
ANET Sharpe Ratio Rank: 76
ANET Sortino Ratio Rank: 71
ANET Omega Ratio Rank: 70
ANET Calmar Ratio Rank: 77
ANET Martin Ratio Rank: 74

HUT

HUT Risk / Return Rank: 97
HUT Sharpe Ratio Rank: 99
HUT Sortino Ratio Rank: 95
HUT Omega Ratio Rank: 93
HUT Calmar Ratio Rank: 99
HUT Martin Ratio Rank: 99

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.

ANET vs. HUT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Arista Networks, Inc. (ANET) and Hut 8 Corp. Common Stock (HUT). 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.

	ANET	HUT	Difference
Sharpe ratio: Return per unit of total volatility	1.15	5.36	-4.21
Sortino ratio: Return per unit of downside risk	1.73	3.86	-2.12
Omega ratio: Gain probability vs. loss probability	1.22	1.49	-0.27
Calmar ratio: Return relative to maximum drawdown	2.16	14.21	-12.05
Martin ratio: Return relative to average drawdown	4.51	39.02	-34.51
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ANET vs. HUT - Sharpe Ratio Comparison

The current ANET Sharpe Ratio is 1.15, which is lower than the HUT Sharpe Ratio of 5.36. The chart below compares the historical Sharpe Ratios of ANET and HUT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ANET	HUT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.15	5.36	-4.21
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.01	0.40	+0.61
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.95	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.83	0.23	+0.60

Drawdowns

ANET vs. HUT - Drawdown Comparison

The maximum ANET drawdown since its inception was -52.20%, smaller than the maximum HUT drawdown of -95.04%. Use the drawdown chart below to compare losses from any high point for ANET and HUT.

Drawdown Indicators

	ANET	HUT	Difference
Max Drawdown Largest peak-to-trough decline	-52.20%	-95.04%	+42.84%
Max Drawdown (1Y) Largest decline over 1 year	-28.33%	-38.62%	+10.29%
Max Drawdown (3Y) Largest decline over 3 years	-50.42%	-71.68%	+21.26%
Max Drawdown (5Y) Largest decline over 5 years	-50.42%	-95.04%	+44.62%
Max Drawdown (10Y) Largest decline over 10 years	-52.20%	—	—
Current Drawdown Current decline from peak	-12.00%	-10.09%	-1.91%
Average Drawdown Average peak-to-trough decline	-15.40%	-63.67%	+48.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.53%	14.04%	-0.51%

Volatility

ANET vs. HUT - Volatility Comparison

The current volatility for Arista Networks, Inc. (ANET) is 16.83%, while Hut 8 Corp. Common Stock (HUT) has a volatility of 24.05%. This indicates that ANET experiences smaller price fluctuations and is considered to be less risky than HUT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ANET	HUT	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.83%	24.05%	-7.22%
Volatility (6M) Calculated over the trailing 6-month period	40.41%	75.69%	-35.28%
Volatility (1Y) Calculated over the trailing 1-year period	53.48%	102.62%	-49.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	47.20%	106.40%	-59.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	44.99%	114.79%	-69.80%

Dividends

ANET vs. HUT - Dividend Comparison

Neither ANET nor HUT has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both ANET and HUT in my portfolio?

ANET and HUT 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.

Which is riskier, ANET or HUT?

HUT has higher volatility (24.05%) compared to ANET (16.83%). In terms of maximum drawdown, ANET dropped -52.20% vs HUT's -95.04%.

Which has better risk-adjusted returns?

HUT currently has the higher Sharpe Ratio (5.36 vs 1.15), 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.