ANET vs. SHOP
ANET (Arista Networks, Inc.) and SHOP (Shopify Inc.) are both stocks. Both are in the Technology sector — ANET in Computer Hardware, SHOP in Software - Application. Over the past 10 years, ANET returned 42.38%/yr vs 44.31%/yr for SHOP. At a 0.43 correlation, their price movements are largely independent.
Performance
ANET vs. SHOP - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, ANET achieves a 19.36% return, which is significantly higher than SHOP's -31.18% return. Both investments have delivered pretty close results over the past 10 years, with ANET having a 42.38% annualized return and SHOP not far ahead at 44.31%.
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%
SHOP
- 1D
- 1.13%
- 1M
- 0.34%
- YTD
- -31.18%
- 6M
- -30.07%
- 1Y
- -0.57%
- 3Y*
- 21.77%
- 5Y*
- -1.84%
- 10Y*
- 44.31%
ANET vs. SHOP - 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% |
SHOP Shopify Inc. | -31.18% | 51.39% | 36.50% | 124.43% | -74.80% | 21.68% | 184.71% | 187.17% | 37.08% | 135.60% |
Correlation
The correlation between ANET and SHOP is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.43 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.48 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.45 |
Correlation (All Time) Calculated using the full available price history since May 22, 2015 | 0.43 |
Fundamentals
ANET:
$199.22B
SHOP:
$144.39B
ANET:
$2.92
SHOP:
$1.02
ANET:
53.57
SHOP:
108.75
ANET:
1.26
SHOP:
0.21
ANET:
20.53
SHOP:
15.75
ANET:
14.77
SHOP:
11.55
ANET:
$9.71B
SHOP:
$9.20B
ANET:
$6.17B
SHOP:
$5.93B
ANET:
$4.21B
SHOP:
$1.60B
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
ANET vs. SHOP — Risk / Return Rank
ANET
SHOP
ANET vs. SHOP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Arista Networks, Inc. (ANET) and Shopify Inc. (SHOP). 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 | SHOP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.16 | ||
| Sortino ratioReturn per unit of downside risk | +1.34 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.05 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 2.16 | -0.01 | +2.17 |
| Martin ratioReturn relative to average drawdown | 4.51 | -0.03 | +4.54 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| ANET | SHOP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.15 | -0.01 | +1.16 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.01 | -0.03 | +1.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.95 | 0.75 | +0.19 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.83 | 0.69 | +0.14 |
Drawdowns
ANET vs. SHOP - Drawdown Comparison
The maximum ANET drawdown since its inception was -52.20%, smaller than the maximum SHOP drawdown of -84.82%. Use the drawdown chart below to compare losses from any high point for ANET and SHOP.
Loading charts...
Drawdown Indicators
| ANET | SHOP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.20% | -84.82% | +32.62% |
Max Drawdown (1Y)Largest decline over 1 year | -28.33% | -46.71% | +18.38% |
Max Drawdown (3Y)Largest decline over 3 years | -50.42% | -46.71% | -3.71% |
Max Drawdown (5Y)Largest decline over 5 years | -50.42% | -84.82% | +34.40% |
Max Drawdown (10Y)Largest decline over 10 years | -52.20% | -84.82% | +32.62% |
Current DrawdownCurrent decline from peak | -12.00% | -38.12% | +26.12% |
Average DrawdownAverage peak-to-trough decline | -15.40% | -28.22% | +12.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.53% | 21.74% | -8.21% |
Volatility
ANET vs. SHOP - Volatility Comparison
The current volatility for Arista Networks, Inc. (ANET) is 16.83%, while Shopify Inc. (SHOP) has a volatility of 17.86%. This indicates that ANET experiences smaller price fluctuations and is considered to be less risky than SHOP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| ANET | SHOP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.83% | 17.86% | -1.03% |
Volatility (6M)Calculated over the trailing 6-month period | 40.41% | 43.67% | -3.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 53.48% | 57.27% | -3.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 47.20% | 65.57% | -18.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 44.99% | 59.09% | -14.10% |
Dividends
ANET vs. SHOP - Dividend Comparison
Neither ANET nor SHOP has paid dividends to shareholders.
Financials
ANET vs. SHOP - Financials Comparison
This section allows you to compare key financial metrics between Arista Networks, Inc. and Shopify Inc.. 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 SHOP have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SHOP has higher volatility (17.86%) compared to ANET (16.83%). In terms of maximum drawdown, ANET dropped -52.20% vs SHOP's -84.82%.
ANET currently has the higher Sharpe Ratio (1.15 vs -0.01), 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.
Find the right allocation for ANET and SHOP
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer