ANET vs. NVDA

Last updated Jun 3, 2026

ANET (Arista Networks, Inc.) and NVDA (NVIDIA Corporation) are both stocks. Both are in the Technology sector — ANET in Computer Hardware, NVDA in Semiconductors. Over the past 10 years, ANET returned 43.63%/yr vs 69.46%/yr for NVDA. A 0.50 correlation means they provide meaningful diversification when combined.

Performance

ANET vs. NVDA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Arista Networks, Inc. (ANET) and NVIDIA Corporation (NVDA). 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 higher than NVDA's 19.48% return. Over the past 10 years, ANET has underperformed NVDA with an annualized return of 43.63%, while NVDA has yielded a comparatively higher 69.46% 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%

NVDA

• 1D: -0.69%
• 1M: 12.28%
• YTD: 19.48%
• 6M: 22.81%
• 1Y: 62.23%
• 3Y*: 78.33%
• 5Y*: 67.45%
• 10Y*: 69.46%

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

ANET vs. NVDA - 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%
NVDA NVIDIA Corporation	19.48%	38.92%	171.25%	239.02%	-50.26%	125.48%	122.30%	76.94%	-30.82%	81.99%

Correlation

The correlation between ANET and NVDA is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.41
Correlation (3Y) Calculated over the trailing 3-year period	0.51
Correlation (5Y) Calculated over the trailing 5-year period	0.59
Correlation (10Y) Calculated over the trailing 10-year period	0.54
Correlation (All Time) Calculated using the full available price history since Jun 9, 2014	0.50

The correlation between ANET and NVDA shifts across timeframes, from 0.41 (1 year) to 0.59 (5 years), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap ANET : $223.34B NVDA : $5.43T
EPS ANET : $2.92 NVDA : $6.53
PE Ratio ANET : 60.05 NVDA : 34.15
PEG Ratio ANET : 1.41 NVDA : 0.19
PS Ratio ANET : 23.01 NVDA : 21.50
PB Ratio ANET : 16.56 NVDA : 27.80
Total Revenue (TTM) ANET : $9.71B NVDA : $253.49B
Gross Profit (TTM) ANET : $6.17B NVDA : $187.95B
EBITDA (TTM) ANET : $4.21B NVDA : $192.76B

Return for Risk

ANET vs. NVDA — 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

NVDA

NVDA Risk / Return Rank: 82
NVDA Sharpe Ratio Rank: 85
NVDA Sortino Ratio Rank: 82
NVDA Omega Ratio Rank: 79
NVDA Calmar Ratio Rank: 83
NVDA Martin Ratio Rank: 83

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. NVDA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Arista Networks, Inc. (ANET) and NVIDIA Corporation (NVDA). 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	NVDA	Difference
Sharpe ratio Return per unit of total volatility	1.81	1.84	-0.03
Sortino ratio Return per unit of downside risk	2.34	2.47	-0.12
Omega ratio Gain probability vs. loss probability	1.30	1.30	0.00
Calmar ratio Return relative to maximum drawdown	3.61	3.21	+0.40
Martin ratio Return relative to average drawdown	7.60	7.92	-0.33
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. NVDA - Sharpe Ratio Comparison

The current ANET Sharpe Ratio is 1.81, which is comparable to the NVDA Sharpe Ratio of 1.84. The chart below compares the historical Sharpe Ratios of ANET and NVDA, 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	NVDA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.81	1.84	-0.03
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.12	1.31	-0.20
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.98	1.40	-0.43
Sharpe Ratio (All Time) Calculated using the full available price history	0.86	0.63	+0.23

Drawdowns

ANET vs. NVDA - Drawdown Comparison

The maximum ANET drawdown since its inception was -52.20%, smaller than the maximum NVDA drawdown of -89.72%. Use the drawdown chart below to compare losses from any high point for ANET and NVDA.

Drawdown Indicators

	ANET	NVDA	Difference
Max Drawdown Largest peak-to-trough decline	-52.20%	-89.72%	+37.52%
Max Drawdown (1Y) Largest decline over 1 year	-28.33%	-20.21%	-8.12%
Max Drawdown (3Y) Largest decline over 3 years	-50.42%	-36.88%	-13.54%
Max Drawdown (5Y) Largest decline over 5 years	-50.42%	-66.34%	+15.92%
Max Drawdown (10Y) Largest decline over 10 years	-52.20%	-66.34%	+14.14%
Current Drawdown Current decline from peak	-1.35%	-5.48%	+4.13%
Average Drawdown Average peak-to-trough decline	-15.41%	-36.21%	+20.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.47%	8.20%	+5.27%

Volatility

ANET vs. NVDA - Volatility Comparison

Arista Networks, Inc. (ANET) has a higher volatility of 21.09% compared to NVIDIA Corporation (NVDA) at 11.79%. This indicates that ANET's price experiences larger fluctuations and is considered to be riskier than NVDA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ANET	NVDA	Difference
Volatility (1M) Calculated over the trailing 1-month period	21.09%	11.79%	+9.30%
Volatility (6M) Calculated over the trailing 6-month period	39.41%	25.29%	+14.12%
Volatility (1Y) Calculated over the trailing 1-year period	52.97%	34.03%	+18.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	47.05%	51.66%	-4.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	44.90%	49.80%	-4.90%

Dividends

ANET vs. NVDA - Dividend Comparison

ANET has not paid dividends to shareholders, while NVDA's dividend yield for the trailing twelve months is around 0.02%.

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%
NVDA NVIDIA Corporation	0.02%	0.02%	0.03%	0.03%	0.11%	0.05%	0.12%	0.27%	0.46%	0.29%	0.45%	1.20%

Financials

ANET vs. NVDA - Profitability Comparison

The chart below illustrates the profitability comparison between Arista Networks, Inc. and NVIDIA Corporation 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%.

NVDA - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, NVIDIA Corporation reported a gross profit of 61.16B and revenue of 81.62B. Therefore, the gross margin over that period was 74.9%.

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%.

NVDA - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, NVIDIA Corporation reported an operating income of 53.54B and revenue of 81.62B, resulting in an operating margin of 65.6%.

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%.

NVDA - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, NVIDIA Corporation reported a net income of 58.32B and revenue of 81.62B, resulting in a net margin of 71.5%.

Frequently Asked Questions

Can I hold both ANET and NVDA in my portfolio?

ANET and NVDA have a correlation of 0.41, 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 NVDA?

ANET has higher volatility (21.09%) compared to NVDA (11.79%). In terms of maximum drawdown, ANET dropped -52.20% vs NVDA's -89.72%.

Which has better risk-adjusted returns?

NVDA currently has the higher Sharpe Ratio (1.84 vs 1.81), 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.