ANET vs. NEM
ANET (Arista Networks, Inc.) and NEM (Newmont Corporation) are both stocks. ANET operates in Computer Hardware (Technology), while NEM operates in Gold (Basic Materials). Over the past 10 years, ANET returned 43.12%/yr vs 13.80%/yr for NEM. At a 0.12 correlation, their price movements are largely independent.
Performance
ANET vs. NEM - 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 NEM's 0.82% return. Over the past 10 years, ANET has outperformed NEM with an annualized return of 43.12%, while NEM has yielded a comparatively lower 13.80% 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%
NEM
- 1D
- 2.71%
- 1M
- -15.55%
- YTD
- 0.82%
- 6M
- 2.58%
- 1Y
- 81.14%
- 3Y*
- 36.14%
- 5Y*
- 10.51%
- 10Y*
- 13.80%
ANET vs. NEM - 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% |
NEM Newmont Corporation | 0.82% | 172.82% | -7.83% | -8.76% | -20.77% | 7.40% | 40.28% | 30.52% | -6.15% | 10.91% |
Correlation
The correlation between ANET and NEM is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.17 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Jun 6, 2014 | 0.12 |
The correlation between ANET and NEM shifts across timeframes, from 0.12 (all time) to 0.25 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
ANET:
$2.92
NEM:
$6.34
ANET:
55.91
NEM:
15.82
ANET:
1.31
NEM:
0.41
ANET:
21.42
NEM:
4.83
ANET:
$9.71B
NEM:
$17.23B
ANET:
$6.17B
NEM:
$8.97B
ANET:
$4.21B
NEM:
$13.78B
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Return for Risk
ANET vs. NEM — Risk / Return Rank
ANET
NEM
ANET vs. NEM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Arista Networks, Inc. (ANET) and Newmont Corporation (NEM). 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 | NEM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.41 | ||
| Sortino ratioReturn per unit of downside risk | -0.17 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.29 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.50 | 2.78 | -0.28 |
| Martin ratioReturn relative to average drawdown | 5.20 | 7.58 | -2.39 |
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Drawdowns
ANET vs. NEM - Drawdown Comparison
The maximum ANET drawdown since its inception was -52.20%, smaller than the maximum NEM drawdown of -81.30%. Use the drawdown chart below to compare losses from any high point for ANET and NEM.
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Drawdown Indicators
| ANET | NEM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.20% | -81.30% | +29.10% |
Max Drawdown (1Y)Largest decline over 1 year | -28.33% | -29.39% | +1.06% |
Max Drawdown (3Y)Largest decline over 3 years | -50.42% | -36.57% | -13.85% |
Max Drawdown (5Y)Largest decline over 5 years | -50.42% | -62.40% | +11.98% |
Max Drawdown (10Y)Largest decline over 10 years | -52.20% | -62.40% | +10.20% |
Current DrawdownCurrent decline from peak | -8.15% | -23.71% | +15.56% |
Average DrawdownAverage peak-to-trough decline | -15.39% | -41.37% | +25.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.60% | 10.73% | +2.87% |
Volatility
ANET vs. NEM - Volatility Comparison
Arista Networks, Inc. (ANET) has a higher volatility of 16.62% compared to Newmont Corporation (NEM) at 15.74%. This indicates that ANET's price experiences larger fluctuations and is considered to be riskier than NEM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ANET | NEM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.62% | 15.74% | +0.88% |
Volatility (6M)Calculated over the trailing 6-month period | 40.79% | 37.43% | +3.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 53.57% | 47.44% | +6.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 47.23% | 37.99% | +9.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 45.00% | 35.67% | +9.33% |
Dividends
ANET vs. NEM - Dividend Comparison
ANET has not paid dividends to shareholders, while NEM's dividend yield for the trailing twelve months is around 1.02%.
| 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% |
NEM Newmont Corporation | 1.02% | 1.00% | 2.69% | 3.87% | 4.66% | 3.55% | 1.74% | 3.31% | 1.62% | 0.67% | 0.37% | 0.56% |
Financials
ANET vs. NEM - Financials Comparison
This section allows you to compare key financial metrics between Arista Networks, Inc. and Newmont Corporation. 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
Frequently Asked Questions
ANET and NEM have a correlation of 0.25, 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 NEM (15.74%). In terms of maximum drawdown, ANET dropped -52.20% vs NEM's -81.30%.
NEM currently has the higher Sharpe Ratio (1.73 vs 1.32), 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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