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ANET vs. SMIN
Performance
Return for Risk
Drawdowns
Volatility
Dividends

ANET vs. SMIN

Last updated Jun 13, 2026

ANET (Arista Networks, Inc.) is a stock, while SMIN (iShares MSCI India Small-Cap ETF) is Asia Pacific Equities fund tracking the MSCI India Small Cap Index. Over the past 10 years, ANET returned 43.12%/yr vs 9.73%/yr for SMIN. At a 0.26 correlation, their price movements are largely independent.

Performance

ANET vs. SMIN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Arista Networks, Inc. (ANET) and iShares MSCI India Small-Cap ETF (SMIN). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, ANET achieves a 24.58% return, which is significantly higher than SMIN's -4.03% return. Over the past 10 years, ANET has outperformed SMIN with an annualized return of 43.12%, while SMIN has yielded a comparatively lower 9.73% annualized return.

ANET

1D
4.37%
1M
10.44%
YTD
24.58%
6M
30.84%
1Y
76.76%
3Y*
57.04%
5Y*
48.31%
10Y*
43.12%

SMIN

1D
1.44%
1M
0.72%
YTD
-4.03%
6M
-1.54%
1Y
-8.33%
3Y*
8.94%
5Y*
6.19%
10Y*
9.73%
*Multi-year figures are annualized to reflect compound growth (CAGR)

ANET vs. SMIN - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
ANET
Arista Networks, Inc.		24.58%18.55%87.73%94.07%-15.58%97.89%42.86%-3.46%-10.56%143.44%
SMIN
iShares MSCI India Small-Cap ETF		-4.03%-6.68%16.78%35.41%-14.23%44.43%19.59%-5.21%-25.55%62.36%

Correlation

The correlation between ANET and SMIN is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.28

Correlation (3Y)
Calculated over the trailing 3-year period

0.22

Correlation (5Y)
Calculated over the trailing 5-year period

0.28

Correlation (10Y)
Calculated over the trailing 10-year period

0.28

Correlation (All Time)
Calculated using the full available price history since Jun 6, 2014

0.26

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Arista Networks, Inc.

iShares MSCI India Small-Cap ETF

Often compared with ANET:
ANET vs. NVDAANET vs. SMCIANET vs. CRWDANET vs. CRMANET vs. GOOGLANET vs. AAPLANET vs. CDW
Often compared with SMIN:
SMIN vs. INDASMIN vs. EPISMIN vs. FLINSMIN vs. NFTYSMIN vs. INCOSMIN vs. EWSSMIN vs. VOO

Return for Risk

ANET vs. SMIN — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
ANET
ANET Risk / Return Rank: 7878
Overall Rank
ANET Sharpe Ratio Rank: 8080
Sharpe Ratio Rank
ANET Sortino Ratio Rank: 7575
Sortino Ratio Rank
ANET Omega Ratio Rank: 7474
Omega Ratio Rank
ANET Calmar Ratio Rank: 8080
Calmar Ratio Rank
ANET Martin Ratio Rank: 7878
Martin Ratio Rank
SMIN
SMIN Risk / Return Rank: 55
Overall Rank
SMIN Sharpe Ratio Rank: 55
Sharpe Ratio Rank
SMIN Sortino Ratio Rank: 55
Sortino Ratio Rank
SMIN Omega Ratio Rank: 55
Omega Ratio Rank
SMIN Calmar Ratio Rank: 66
Calmar Ratio Rank
SMIN Martin Ratio Rank: 66
Martin Ratio Rank
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. SMIN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Arista Networks, Inc. (ANET) and iShares MSCI India Small-Cap ETF (SMIN). 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.

ANETSMINDifference
Sharpe ratioReturn per unit of total volatility
1.32
-0.51

+1.84

Sortino ratioReturn per unit of downside risk
1.90
-0.64

+2.55

Omega ratioGain probability vs. loss probability

1.24

0.93

+0.31

Calmar ratioReturn relative to maximum drawdown

2.50

-0.39

+2.89

Martin ratioReturn relative to average drawdown

5.20

-0.87

+6.06

ANET vs. SMIN - Sharpe Ratio Comparison

The current ANET Sharpe Ratio is 1.32, which is higher than the SMIN Sharpe Ratio of -0.51. The chart below compares the historical Sharpe Ratios of ANET and SMIN, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

ANET vs. SMIN - Drawdown Comparison

The maximum ANET drawdown since its inception was -52.20%, smaller than the maximum SMIN drawdown of -60.50%. Use the drawdown chart below to compare losses from any high point for ANET and SMIN.

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Drawdown Indicators

ANETSMINDifference

Max Drawdown

Largest peak-to-trough decline

-52.20%

-60.50%

+8.30%

Max Drawdown (1Y)

Largest decline over 1 year

-28.33%

-24.54%

-3.79%

Max Drawdown (3Y)

Largest decline over 3 years

-50.42%

-27.58%

-22.84%

Max Drawdown (5Y)

Largest decline over 5 years

-50.42%

-27.58%

-22.84%

Max Drawdown (10Y)

Largest decline over 10 years

-52.20%

-60.50%

+8.30%

Current Drawdown

Current decline from peak

-8.15%

-16.07%

+7.92%

Average Drawdown

Average peak-to-trough decline

-15.39%

-14.62%

-0.77%

Ulcer Index

Depth and duration of drawdowns from previous peaks

13.60%

11.01%

+2.59%

Volatility

ANET vs. SMIN - Volatility Comparison

Arista Networks, Inc. (ANET) has a higher volatility of 16.62% compared to iShares MSCI India Small-Cap ETF (SMIN) at 4.86%. This indicates that ANET's price experiences larger fluctuations and is considered to be riskier than SMIN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

ANETSMINDifference

Volatility (1M)

Calculated over the trailing 1-month period

16.62%

4.86%

+11.76%

Volatility (6M)

Calculated over the trailing 6-month period

40.79%

15.58%

+25.21%

Volatility (1Y)

Calculated over the trailing 1-year period

53.57%

18.67%

+34.90%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

47.23%

18.88%

+28.35%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

45.00%

22.83%

+22.17%

Dividends

ANET vs. SMIN - Dividend Comparison

ANET has not paid dividends to shareholders, while SMIN's dividend yield for the trailing twelve months is around 2.10%.

PositionTTM20252024202320222021202020192018201720162015
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%
SMIN
iShares MSCI India Small-Cap ETF		2.10%2.01%6.84%0.41%0.01%1.27%1.06%1.75%1.68%0.89%2.30%0.93%

Frequently Asked Questions

ANET and SMIN have a correlation of 0.28, 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 SMIN (4.86%). In terms of maximum drawdown, ANET dropped -52.20% vs SMIN's -60.50%.

ANET currently has the higher Sharpe Ratio (1.32 vs -0.51), 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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