ANET vs. IRM

Last updated Jun 3, 2026

ANET (Arista Networks, Inc.) and IRM (Iron Mountain Incorporated) are both stocks. ANET operates in Computer Hardware (Technology), while IRM operates in REIT - Specialty (Real Estate). Over the past 10 years, ANET returned 43.63%/yr vs 19.62%/yr for IRM. At a 0.27 correlation, their price movements are largely independent.

Performance

ANET vs. IRM - Performance Comparison

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

Returns By Period

In the year-to-date period, ANET achieves a 33.81% return, which is significantly lower than IRM's 56.13% return. Over the past 10 years, ANET has outperformed IRM with an annualized return of 43.63%, while IRM has yielded a comparatively lower 19.62% annualized return.

ANET

• 1D: 2.72%
• 1M: 1.52%
• YTD: 33.81%
• 6M: 37.82%
• 1Y: 95.29%
• 3Y*: 62.81%
• 5Y*: 52.17%
• 10Y*: 43.63%

IRM

• 1D: 1.65%
• 1M: 1.00%
• YTD: 56.13%
• 6M: 58.11%
• 1Y: 33.67%
• 3Y*: 37.11%
• 5Y*: 28.11%
• 10Y*: 19.62%

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

ANET vs. IRM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ANET Arista Networks, Inc.	33.81%	18.55%	87.73%	94.07%	-15.58%	97.89%	42.86%	-3.46%	-10.56%	143.44%
IRM Iron Mountain Incorporated	56.13%	-18.24%	54.48%	46.52%	-0.08%	87.74%	0.98%	5.87%	-7.97%	23.56%

Correlation

The correlation between ANET and IRM is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.26
Correlation (3Y) Calculated over the trailing 3-year period	0.31
Correlation (5Y) Calculated over the trailing 5-year period	0.34
Correlation (10Y) Calculated over the trailing 10-year period	0.28
Correlation (All Time) Calculated using the full available price history since Jun 9, 2014	0.27

Fundamentals

Market Cap ANET : $223.34B IRM : $38.39B
EPS ANET : $2.92 IRM : $0.91
PE Ratio ANET : 60.05 IRM : 140.41
PS Ratio ANET : 23.01 IRM : 5.28
Total Revenue (TTM) ANET : $9.71B IRM : $7.25B
Gross Profit (TTM) ANET : $6.17B IRM : $2.94B
EBITDA (TTM) ANET : $4.21B IRM : $2.40B

Return for Risk

ANET vs. IRM — Risk / Return Rank

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

ANET

ANET Risk / Return Rank: 82
ANET Sharpe Ratio Rank: 85
ANET Sortino Ratio Rank: 80
ANET Omega Ratio Rank: 79
ANET Calmar Ratio Rank: 86
ANET Martin Ratio Rank: 82

IRM

IRM Risk / Return Rank: 68
IRM Sharpe Ratio Rank: 72
IRM Sortino Ratio Rank: 67
IRM Omega Ratio Rank: 66
IRM Calmar Ratio Rank: 67
IRM Martin Ratio Rank: 68

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. IRM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Arista Networks, Inc. (ANET) and Iron Mountain Incorporated (IRM). 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	IRM	Difference
Sharpe ratio Return per unit of total volatility	1.81	1.07	+0.74
Sortino ratio Return per unit of downside risk	2.34	1.63	+0.71
Omega ratio Gain probability vs. loss probability	1.30	1.21	+0.09
Calmar ratio Return relative to maximum drawdown	3.61	1.38	+2.23
Martin ratio Return relative to average drawdown	7.60	3.33	+4.27
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. IRM - Sharpe Ratio Comparison

The current ANET Sharpe Ratio is 1.81, which is higher than the IRM Sharpe Ratio of 1.07. The chart below compares the historical Sharpe Ratios of ANET and IRM, 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	IRM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.81	1.07	+0.74
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.12	0.96	+0.16
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.98	0.67	+0.31
Sharpe Ratio (All Time) Calculated using the full available price history	0.86	0.50	+0.36

Drawdowns

ANET vs. IRM - Drawdown Comparison

The maximum ANET drawdown since its inception was -52.20%, smaller than the maximum IRM drawdown of -55.71%. Use the drawdown chart below to compare losses from any high point for ANET and IRM.

Drawdown Indicators

	ANET	IRM	Difference
Max Drawdown Largest peak-to-trough decline	-52.20%	-55.71%	+3.51%
Max Drawdown (1Y) Largest decline over 1 year	-28.33%	-25.15%	-3.18%
Max Drawdown (3Y) Largest decline over 3 years	-50.42%	-39.03%	-11.39%
Max Drawdown (5Y) Largest decline over 5 years	-50.42%	-39.03%	-11.39%
Max Drawdown (10Y) Largest decline over 10 years	-52.20%	-39.03%	-13.17%
Current Drawdown Current decline from peak	-1.35%	-2.73%	+1.38%
Average Drawdown Average peak-to-trough decline	-15.41%	-13.17%	-2.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.47%	10.43%	+3.04%

Volatility

ANET vs. IRM - Volatility Comparison

Arista Networks, Inc. (ANET) has a higher volatility of 21.09% compared to Iron Mountain Incorporated (IRM) at 7.81%. This indicates that ANET's price experiences larger fluctuations and is considered to be riskier than IRM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ANET	IRM	Difference
Volatility (1M) Calculated over the trailing 1-month period	21.09%	7.81%	+13.28%
Volatility (6M) Calculated over the trailing 6-month period	39.41%	23.83%	+15.58%
Volatility (1Y) Calculated over the trailing 1-year period	52.97%	31.50%	+21.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	47.05%	29.59%	+17.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	44.90%	29.60%	+15.30%

Dividends

ANET vs. IRM - Dividend Comparison

ANET has not paid dividends to shareholders, while IRM's dividend yield for the trailing twelve months is around 2.57%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ANET Arista Networks, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
IRM Iron Mountain Incorporated	2.57%	3.88%	2.60%	3.63%	4.96%	4.73%	8.39%	7.69%	7.32%	5.93%	6.17%	7.07%

Financials

ANET vs. IRM - Profitability Comparison

The chart below illustrates the profitability comparison between Arista Networks, Inc. and Iron Mountain Incorporated over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

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%.

IRM - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Iron Mountain Incorporated reported a gross profit of 0.00 and revenue of 1.94B. Therefore, the gross margin over that period was 0.0%.

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%.

IRM - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Iron Mountain Incorporated reported an operating income of 395.23M and revenue of 1.94B, resulting in an operating margin of 20.4%.

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%.

IRM - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Iron Mountain Incorporated reported a net income of 143.67M and revenue of 1.94B, resulting in a net margin of 7.4%.

Frequently Asked Questions

Can I hold both ANET and IRM in my portfolio?

ANET and IRM have a correlation of 0.26, 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 IRM?

ANET has higher volatility (21.09%) compared to IRM (7.81%). In terms of maximum drawdown, ANET dropped -52.20% vs IRM's -55.71%.

Which has better risk-adjusted returns?

ANET currently has the higher Sharpe Ratio (1.81 vs 1.07), 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.