MTRN vs. ANET
MTRN (Materion Corporation) and ANET (Arista Networks, Inc.) are both stocks. MTRN operates in Other Industrial Metals & Mining (Basic Materials), while ANET operates in Computer Hardware (Technology). Over the past 10 years, MTRN returned 23.90%/yr vs 45.01%/yr for ANET. Their 0.33 correlation means their historical movements had little consistent relationship.
Performance
MTRN vs. ANET - Performance Comparison
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Returns By Period
In the year-to-date period, MTRN achieves a 69.86% return, which is significantly higher than ANET's 37.64% return. Over the past 10 years, MTRN has underperformed ANET with an annualized return of 23.90%, while ANET has yielded a comparatively higher 45.01% annualized return.
MTRN
- 1D
- 1.31%
- 1M
- -20.57%
- 6M
- 52.71%
- YTD
- 69.86%
- 1Y
- 101.47%
- 3Y*
- 22.28%
- 5Y*
- 24.82%
- 10Y*
- 23.90%
- ALL TIME*
- 5.35%
ANET
- 1D
- 5.46%
- 1M
- 12.73%
- 6M
- 27.24%
- YTD
- 37.64%
- 1Y
- 53.40%
- 3Y*
- 57.23%
- 5Y*
- 49.97%
- 10Y*
- 45.01%
- ALL TIME*
- 38.48%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.09B | $1.31B | $1.55B | |
| $88.74M | $82.40M | $86.86M |
MTRN vs. ANET - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MTRN Materion Corporation | 69.86% | 26.43% | -23.67% | 49.41% | -4.25% | 45.18% | 8.08% | 33.09% | -6.74% | 23.94% |
ANET Arista Networks, Inc. | 37.64% | 18.55% | 87.73% | 94.07% | -15.58% | 97.89% | 42.86% | -3.46% | -10.56% | 143.44% |
Correlation
The correlation between MTRN and ANET is 0.34, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.34 |
Correlation (3Y) Balances recent behavior with more history. | 0.34 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.36 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.35 |
Correlation (All Time) Calculated using the full available price history since Jun 6, 2014 | 0.33 |
Fundamentals
MTRN:
$4.39B
ANET:
$227.09B
MTRN:
$3.65
ANET:
$2.92
MTRN:
57.74
ANET:
61.82
MTRN:
0.21
ANET:
1.45
MTRN:
2.31
ANET:
23.69
MTRN:
4.63
ANET:
17.03
MTRN:
$1.91B
ANET:
$9.71B
MTRN:
$305.29M
ANET:
$6.17B
MTRN:
$166.65M
ANET:
$4.21B
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Return for Risk
MTRN vs. ANET — Risk / Return Rank
MTRN
ANET
MTRN vs. ANET - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Materion Corporation (MTRN) 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.
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.
| MTRN | ANET | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.27 | ||
| Sortino ratioReturn per unit of downside risk | +1.02 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.18 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 2.80 | 1.64 | +1.15 |
| Martin ratioReturn relative to average drawdown | 11.62 | 3.37 | +8.26 |
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Drawdowns
MTRN vs. ANET - Drawdown Comparison
The maximum MTRN drawdown since its inception was -87.53%, which is greater than ANET's maximum drawdown of -52.20%. Use the drawdown chart below to compare losses from any high point for MTRN and ANET.
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Drawdown Indicators
| MTRN | ANET | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.53% | -52.20% | -35.33% |
Max Drawdown (1Y)Largest decline over 1 year | -36.33% | -28.33% | -8.00% |
Max Drawdown (3Y)Largest decline over 3 years | -47.84% | -50.42% | +2.58% |
Max Drawdown (5Y)Largest decline over 5 years | -47.84% | -50.42% | +2.58% |
Max Drawdown (10Y)Largest decline over 10 years | -61.99% | -52.20% | -9.79% |
Current DrawdownCurrent decline from peak | -29.10% | -3.54% | -25.56% |
Average DrawdownAverage peak-to-trough decline | -39.58% | -15.30% | -24.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.72% | 13.82% | -5.10% |
Volatility
MTRN vs. ANET - Volatility Comparison
Materion Corporation (MTRN) has a higher volatility of 23.49% compared to Arista Networks, Inc. (ANET) at 19.95%. This indicates that MTRN's price experiences larger fluctuations and is considered to be riskier than ANET based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MTRN | ANET | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 23.49% | 19.95% | +3.54% |
Volatility (6M)Calculated over the trailing 6-month period | 40.17% | 43.19% | -3.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 48.44% | 56.22% | -7.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 42.76% | 48.29% | -5.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.81% | 45.33% | -4.52% |
Dividends
MTRN vs. ANET - Dividend Comparison
MTRN's dividend yield for the trailing twelve months is around 0.27%, 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% |
MTRN Materion Corporation | 0.27% | 0.45% | 0.54% | 0.40% | 0.57% | 0.52% | 0.71% | 0.73% | 0.92% | 0.81% | 0.95% | 1.27% |
Financials
MTRN vs. ANET - Financials Comparison
This section allows you to compare key financial metrics between Materion Corporation and Arista Networks, 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
MTRN vs. ANET - Profitability Comparison
MTRN - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Materion Corporation reported a gross profit of 81.84M and revenue of 549.82M. Therefore, the gross margin over that period was 14.9%.
ANET - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 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%.
MTRN - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Materion Corporation reported an operating income of 28.18M and revenue of 549.82M, resulting in an operating margin of 5.1%.
ANET - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Arista Networks, Inc. reported an operating income of 1.16B and revenue of 2.71B, resulting in an operating margin of 42.7%.
MTRN - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Materion Corporation reported a net income of 19.37M and revenue of 549.82M, resulting in a net margin of 3.5%.
ANET - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 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
MTRN and ANET have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MTRN has higher volatility (23.49%) compared to ANET (19.95%). In terms of maximum drawdown, MTRN dropped -87.53% vs ANET's -52.20%.
MTRN currently has the higher Sharpe Ratio (2.10 vs 0.83), 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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