CRWD vs. ANET

Last updated Jun 3, 2026

CRWD (CrowdStrike Holdings, Inc.) and ANET (Arista Networks, Inc.) are both stocks. Both are in the Technology sector — CRWD in Software - Infrastructure, ANET in Computer Hardware. Over the past 5 years, CRWD returned 28.91%/yr vs 52.17%/yr for ANET. At a 0.48 correlation, their price movements are largely independent.

Performance

CRWD vs. ANET - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in CrowdStrike Holdings, Inc. (CRWD) and Arista Networks, Inc. (ANET). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CRWD achieves a 64.04% return, which is significantly higher than ANET's 33.81% return.

CRWD

• 1D: -1.69%
• 1M: 68.76%
• YTD: 64.04%
• 6M: 48.86%
• 1Y: 60.48%
• 3Y*: 71.92%
• 5Y*: 28.91%
• 10Y*: —

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%

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

CRWD vs. ANET - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
CRWD CrowdStrike Holdings, Inc.	64.04%	37.00%	34.01%	142.49%	-48.58%	-3.34%	324.74%	-14.02%
ANET Arista Networks, Inc.	33.81%	18.55%	87.73%	94.07%	-15.58%	97.89%	42.86%	-16.60%

Correlation

The correlation between CRWD and ANET is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.37
Correlation (3Y) Calculated over the trailing 3-year period	0.52
Correlation (5Y) Calculated over the trailing 5-year period	0.55
Correlation (All Time) Calculated using the full available price history since Jun 13, 2019	0.48

The correlation between CRWD and ANET shifts across timeframes, from 0.37 (1 year) to 0.55 (5 years), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap CRWD : $198.49B ANET : $223.34B
EPS CRWD : -$0.72 ANET : $2.92
PS Ratio CRWD : 40.45 ANET : 23.01
PB Ratio CRWD : 44.82 ANET : 16.56
Total Revenue (TTM) CRWD : $4.81B ANET : $9.71B
Gross Profit (TTM) CRWD : $3.60B ANET : $6.17B
EBITDA (TTM) CRWD : -$39.16M ANET : $4.21B

Return for Risk

CRWD vs. ANET — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CRWD

CRWD Risk / Return Rank: 73
CRWD Sharpe Ratio Rank: 79
CRWD Sortino Ratio Rank: 73
CRWD Omega Ratio Rank: 73
CRWD Calmar Ratio Rank: 71
CRWD Martin Ratio Rank: 70

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

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.

CRWD vs. ANET - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for CrowdStrike Holdings, Inc. (CRWD) and Arista Networks, Inc. (ANET). 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.

	CRWD	ANET	Difference
Sharpe ratio Return per unit of total volatility	1.36	1.81	-0.45
Sortino ratio Return per unit of downside risk	1.92	2.34	-0.42
Omega ratio Gain probability vs. loss probability	1.25	1.30	-0.05
Calmar ratio Return relative to maximum drawdown	1.70	3.61	-1.92
Martin ratio Return relative to average drawdown	3.91	7.60	-3.68
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CRWD vs. ANET - Sharpe Ratio Comparison

The current CRWD Sharpe Ratio is 1.36, which is comparable to the ANET Sharpe Ratio of 1.81. The chart below compares the historical Sharpe Ratios of CRWD and ANET, 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

	CRWD	ANET	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.36	1.81	-0.45
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.57	1.12	-0.54
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.98	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.81	0.86	-0.05

Drawdowns

CRWD vs. ANET - Drawdown Comparison

The maximum CRWD drawdown since its inception was -67.69%, which is greater than ANET's maximum drawdown of -52.20%. Use the drawdown chart below to compare losses from any high point for CRWD and ANET.

Drawdown Indicators

	CRWD	ANET	Difference
Max Drawdown Largest peak-to-trough decline	-67.69%	-52.20%	-15.49%
Max Drawdown (1Y) Largest decline over 1 year	-37.18%	-28.33%	-8.85%
Max Drawdown (3Y) Largest decline over 3 years	-44.44%	-50.42%	+5.98%
Max Drawdown (5Y) Largest decline over 5 years	-67.69%	-50.42%	-17.27%
Max Drawdown (10Y) Largest decline over 10 years	—	-52.20%	—
Current Drawdown Current decline from peak	-1.69%	-1.35%	-0.34%
Average Drawdown Average peak-to-trough decline	-23.67%	-15.41%	-8.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.13%	13.47%	+2.66%

Volatility

CRWD vs. ANET - Volatility Comparison

The current volatility for CrowdStrike Holdings, Inc. (CRWD) is 14.41%, while Arista Networks, Inc. (ANET) has a volatility of 21.09%. This indicates that CRWD experiences smaller price fluctuations and is considered to be less risky than ANET based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CRWD	ANET	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.41%	21.09%	-6.68%
Volatility (6M) Calculated over the trailing 6-month period	36.07%	39.41%	-3.34%
Volatility (1Y) Calculated over the trailing 1-year period	44.58%	52.97%	-8.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	50.72%	47.05%	+3.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	55.95%	44.90%	+11.05%

Dividends

CRWD vs. ANET - Dividend Comparison

Neither CRWD nor ANET has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

CRWD vs. ANET - Profitability Comparison

The chart below illustrates the profitability comparison between CrowdStrike Holdings, Inc. and Arista Networks, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

CRWD - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, CrowdStrike Holdings, Inc. reported a gross profit of 989.46M and revenue of 1.31B. Therefore, the gross margin over that period was 75.8%.

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%.

CRWD - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, CrowdStrike Holdings, Inc. reported an operating income of -6.90M and revenue of 1.31B, resulting in an operating margin of -0.5%.

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%.

CRWD - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, CrowdStrike Holdings, Inc. reported a net income of 38.69M and revenue of 1.31B, resulting in a net margin of 3.0%.

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%.

Frequently Asked Questions

Can I hold both CRWD and ANET in my portfolio?

CRWD and ANET have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CRWD or ANET?

ANET has higher volatility (21.09%) compared to CRWD (14.41%). In terms of maximum drawdown, CRWD dropped -67.69% vs ANET's -52.20%.

Which has better risk-adjusted returns?

ANET currently has the higher Sharpe Ratio (1.81 vs 1.36), 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.