JBL vs. ANET

Last updated Jun 3, 2026

JBL (Jabil Inc.) and ANET (Arista Networks, Inc.) are both stocks. Both are in the Technology sector — JBL in Electronic Components, ANET in Computer Hardware. Over the past 10 years, JBL returned 35.34%/yr vs 43.63%/yr for ANET. At a 0.44 correlation, their price movements are largely independent.

Performance

JBL vs. ANET - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Jabil Inc. (JBL) 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, JBL achieves a 63.74% return, which is significantly higher than ANET's 33.81% return. Over the past 10 years, JBL has underperformed ANET with an annualized return of 35.34%, while ANET has yielded a comparatively higher 43.63% annualized return.

JBL

• 1D: 3.66%
• 1M: 8.99%
• YTD: 63.74%
• 6M: 76.07%
• 1Y: 122.38%
• 3Y*: 59.66%
• 5Y*: 46.27%
• 10Y*: 35.34%

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)

JBL vs. ANET - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JBL Jabil Inc.	63.74%	58.73%	13.25%	87.43%	-2.55%	66.40%	3.89%	68.49%	-4.41%	12.17%
ANET Arista Networks, Inc.	33.81%	18.55%	87.73%	94.07%	-15.58%	97.89%	42.86%	-3.46%	-10.56%	143.44%

Correlation

The correlation between JBL and ANET is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.39
Correlation (3Y) Calculated over the trailing 3-year period	0.46
Correlation (5Y) Calculated over the trailing 5-year period	0.52
Correlation (10Y) Calculated over the trailing 10-year period	0.47
Correlation (All Time) Calculated using the full available price history since Jun 9, 2014	0.44

The correlation between JBL and ANET shifts across timeframes, from 0.39 (1 year) to 0.52 (5 years), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap JBL : $40.15B ANET : $223.34B
EPS JBL : $7.47 ANET : $2.92
PE Ratio JBL : 49.99 ANET : 60.05
PEG Ratio JBL : 2.67 ANET : 1.41
PS Ratio JBL : 1.24 ANET : 23.01
PB Ratio JBL : 29.88 ANET : 16.56
Total Revenue (TTM) JBL : $32.67B ANET : $9.71B
Gross Profit (TTM) JBL : $2.95B ANET : $6.17B
EBITDA (TTM) JBL : $1.55B ANET : $4.21B

Return for Risk

JBL vs. ANET — Risk / Return Rank

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

JBL

JBL Risk / Return Rank: 93
JBL Sharpe Ratio Rank: 94
JBL Sortino Ratio Rank: 90
JBL Omega Ratio Rank: 90
JBL Calmar Ratio Rank: 95
JBL Martin Ratio Rank: 94

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.

JBL vs. ANET - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Jabil Inc. (JBL) 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.

	JBL	ANET	Difference
Sharpe ratio Return per unit of total volatility	2.98	1.81	+1.17
Sortino ratio Return per unit of downside risk	3.28	2.34	+0.94
Omega ratio Gain probability vs. loss probability	1.44	1.30	+0.14
Calmar ratio Return relative to maximum drawdown	6.85	3.61	+3.24
Martin ratio Return relative to average drawdown	17.83	7.60	+10.23
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JBL vs. ANET - Sharpe Ratio Comparison

The current JBL Sharpe Ratio is 2.98, which is higher than the ANET Sharpe Ratio of 1.81. The chart below compares the historical Sharpe Ratios of JBL 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

	JBL	ANET	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.98	1.81	+1.17
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.23	1.12	+0.12
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.96	0.98	-0.02
Sharpe Ratio (All Time) Calculated using the full available price history	0.37	0.86	-0.49

Drawdowns

JBL vs. ANET - Drawdown Comparison

The maximum JBL drawdown since its inception was -94.92%, which is greater than ANET's maximum drawdown of -52.20%. Use the drawdown chart below to compare losses from any high point for JBL and ANET.

Drawdown Indicators

	JBL	ANET	Difference
Max Drawdown Largest peak-to-trough decline	-94.92%	-52.20%	-42.72%
Max Drawdown (1Y) Largest decline over 1 year	-17.86%	-28.33%	+10.47%
Max Drawdown (3Y) Largest decline over 3 years	-36.83%	-50.42%	+13.59%
Max Drawdown (5Y) Largest decline over 5 years	-36.83%	-50.42%	+13.59%
Max Drawdown (10Y) Largest decline over 10 years	-57.34%	-52.20%	-5.14%
Current Drawdown Current decline from peak	-1.86%	-1.35%	-0.51%
Average Drawdown Average peak-to-trough decline	-44.54%	-15.41%	-29.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.86%	13.47%	-6.61%

Volatility

JBL vs. ANET - Volatility Comparison

The current volatility for Jabil Inc. (JBL) is 16.38%, while Arista Networks, Inc. (ANET) has a volatility of 21.09%. This indicates that JBL 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

	JBL	ANET	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.38%	21.09%	-4.71%
Volatility (6M) Calculated over the trailing 6-month period	31.72%	39.41%	-7.69%
Volatility (1Y) Calculated over the trailing 1-year period	41.28%	52.97%	-11.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	37.69%	47.05%	-9.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	37.07%	44.90%	-7.83%

Dividends

JBL vs. ANET - Dividend Comparison

JBL's dividend yield for the trailing twelve months is around 0.09%, while ANET has not paid dividends to shareholders.

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%
JBL Jabil Inc.	0.09%	0.14%	0.22%	0.25%	0.47%	0.45%	0.75%	0.77%	1.29%	1.22%	1.35%	1.37%

Financials

JBL vs. ANET - Profitability Comparison

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

JBL - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Jabil Inc. reported a gross profit of 746.00M and revenue of 8.28B. Therefore, the gross margin over that period was 9.0%.

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%.

JBL - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Jabil Inc. reported an operating income of 374.00M and revenue of 8.28B, resulting in an operating margin of 4.5%.

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%.

JBL - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Jabil Inc. reported a net income of 223.00M and revenue of 8.28B, resulting in a net margin of 2.7%.

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 JBL and ANET in my portfolio?

JBL and ANET have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JBL or ANET?

ANET has higher volatility (21.09%) compared to JBL (16.38%). In terms of maximum drawdown, JBL dropped -94.92% vs ANET's -52.20%.

Which has better risk-adjusted returns?

JBL currently has the higher Sharpe Ratio (2.98 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.