ANET vs. JNJ

Last updated Jun 9, 2026

ANET (Arista Networks, Inc.) and JNJ (Johnson & Johnson) are both stocks. ANET operates in Computer Hardware (Technology), while JNJ operates in Drug Manufacturers - General (Healthcare). Over the past 10 years, ANET returned 42.38%/yr vs 10.06%/yr for JNJ. At a 0.12 correlation, their price movements are largely independent.

Performance

ANET vs. JNJ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Arista Networks, Inc. (ANET) and Johnson & Johnson (JNJ). 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 higher than JNJ's 13.43% return. Over the past 10 years, ANET has outperformed JNJ with an annualized return of 42.38%, while JNJ has yielded a comparatively lower 10.06% annualized 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%

JNJ

• 1D: -0.26%
• 1M: 5.50%
• YTD: 13.43%
• 6M: 16.43%
• 1Y: 53.49%
• 3Y*: 16.56%
• 5Y*: 10.04%
• 10Y*: 10.06%

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

ANET vs. JNJ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ANET Arista Networks, Inc.	19.36%	18.55%	87.73%	94.07%	-15.58%	97.89%	42.86%	-3.46%	-10.56%	143.44%
JNJ Johnson & Johnson	13.43%	47.48%	-4.81%	-8.58%	5.97%	11.44%	10.82%	16.22%	-5.13%	24.43%

Correlation

The correlation between ANET and JNJ is -0.08, 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	-0.08
Correlation (3Y) Calculated over the trailing 3-year period	-0.17
Correlation (5Y) Calculated over the trailing 5-year period	-0.03
Correlation (10Y) Calculated over the trailing 10-year period	0.10
Correlation (All Time) Calculated using the full available price history since Jun 6, 2014	0.12

The correlation between ANET and JNJ shifts across timeframes, from -0.17 (3 years) to 0.12 (all time), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap ANET : $199.22B JNJ : $567.68B
EPS ANET : $2.92 JNJ : $8.65
PE Ratio ANET : 53.57 JNJ : 26.85
PEG Ratio ANET : 1.26 JNJ : 0.89
PS Ratio ANET : 20.53 JNJ : 5.86
PB Ratio ANET : 14.77 JNJ : 6.99
Total Revenue (TTM) ANET : $9.71B JNJ : $96.36B
Gross Profit (TTM) ANET : $6.17B JNJ : $66.60B
EBITDA (TTM) ANET : $4.21B JNJ : $31.62B

Return for Risk

ANET vs. JNJ — 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

JNJ

JNJ Risk / Return Rank: 95
JNJ Sharpe Ratio Rank: 96
JNJ Sortino Ratio Rank: 97
JNJ Omega Ratio Rank: 95
JNJ Calmar Ratio Rank: 92
JNJ Martin Ratio Rank: 93

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. JNJ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Arista Networks, Inc. (ANET) and Johnson & Johnson (JNJ). 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	JNJ	Difference
Sharpe ratio: Return per unit of total volatility	1.15	3.19	-2.05
Sortino ratio: Return per unit of downside risk	1.73	4.65	-2.91
Omega ratio: Gain probability vs. loss probability	1.22	1.57	-0.35
Calmar ratio: Return relative to maximum drawdown	2.16	4.91	-2.75
Martin ratio: Return relative to average drawdown	4.51	14.52	-10.00
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. JNJ - Sharpe Ratio Comparison

The current ANET Sharpe Ratio is 1.15, which is lower than the JNJ Sharpe Ratio of 3.19. The chart below compares the historical Sharpe Ratios of ANET and JNJ, 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	JNJ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.15	3.19	-2.05
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.01	0.60	+0.41
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.95	0.55	+0.40
Sharpe Ratio (All Time) Calculated using the full available price history	0.83	0.54	+0.29

Drawdowns

ANET vs. JNJ - Drawdown Comparison

The maximum ANET drawdown since its inception was -52.20%, roughly equal to the maximum JNJ drawdown of -50.67%. Use the drawdown chart below to compare losses from any high point for ANET and JNJ.

Drawdown Indicators

	ANET	JNJ	Difference
Max Drawdown Largest peak-to-trough decline	-52.20%	-50.67%	-1.53%
Max Drawdown (1Y) Largest decline over 1 year	-28.33%	-10.96%	-17.37%
Max Drawdown (3Y) Largest decline over 3 years	-50.42%	-15.95%	-34.47%
Max Drawdown (5Y) Largest decline over 5 years	-50.42%	-18.41%	-32.01%
Max Drawdown (10Y) Largest decline over 10 years	-52.20%	-27.37%	-24.83%
Current Drawdown Current decline from peak	-12.00%	-6.06%	-5.94%
Average Drawdown Average peak-to-trough decline	-15.40%	-11.88%	-3.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.53%	3.70%	+9.83%

Volatility

ANET vs. JNJ - Volatility Comparison

Arista Networks, Inc. (ANET) has a higher volatility of 16.83% compared to Johnson & Johnson (JNJ) at 5.80%. This indicates that ANET's price experiences larger fluctuations and is considered to be riskier than JNJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ANET	JNJ	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.83%	5.80%	+11.03%
Volatility (6M) Calculated over the trailing 6-month period	40.41%	12.41%	+28.00%
Volatility (1Y) Calculated over the trailing 1-year period	53.48%	16.87%	+36.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	47.20%	16.87%	+30.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	44.99%	18.47%	+26.52%

Dividends

ANET vs. JNJ - Dividend Comparison

ANET has not paid dividends to shareholders, while JNJ's dividend yield for the trailing twelve months is around 2.26%.

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%
JNJ Johnson & Johnson	2.26%	2.48%	3.40%	3.00%	2.52%	2.45%	2.53%	2.57%	2.74%	2.38%	2.73%	2.87%

Financials

ANET vs. JNJ - Profitability Comparison

The chart below illustrates the profitability comparison between Arista Networks, Inc. and Johnson & Johnson 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%.

JNJ - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Johnson & Johnson reported a gross profit of 17.20B and revenue of 24.06B. Therefore, the gross margin over that period was 71.5%.

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%.

JNJ - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Johnson & Johnson reported an operating income of 6.40B and revenue of 24.06B, resulting in an operating margin of 26.6%.

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%.

JNJ - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Johnson & Johnson reported a net income of 5.24B and revenue of 24.06B, resulting in a net margin of 21.8%.

Frequently Asked Questions

Can I hold both ANET and JNJ in my portfolio?

ANET and JNJ have a correlation of -0.08, 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 JNJ?

ANET has higher volatility (16.83%) compared to JNJ (5.80%). In terms of maximum drawdown, ANET dropped -52.20% vs JNJ's -50.67%.

Which has better risk-adjusted returns?

JNJ currently has the higher Sharpe Ratio (3.19 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.