RNW vs. ANET
RNW (ReNew Energy Global plc) and ANET (Arista Networks, Inc.) are both stocks. RNW operates in Utilities - Renewable (Utilities), while ANET operates in Computer Hardware (Technology). Over the past 5 years, RNW returned -8.38%/yr vs 50.26%/yr for ANET. At a 0.23 correlation, their price movements are largely independent.
Performance
RNW vs. ANET - Performance Comparison
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Returns By Period
In the year-to-date period, RNW achieves a 13.81% return, which is significantly lower than ANET's 33.22% return.
RNW
- 1D
- 1.74%
- 1M
- 8.61%
- YTD
- 13.81%
- 6M
- 17.55%
- 1Y
- -1.83%
- 3Y*
- 5.41%
- 5Y*
- -8.38%
- 10Y*
- —
ANET
- 1D
- 2.88%
- 1M
- 13.33%
- YTD
- 33.22%
- 6M
- 33.53%
- 1Y
- 102.39%
- 3Y*
- 67.41%
- 5Y*
- 50.26%
- 10Y*
- 45.29%
RNW vs. ANET - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
RNW ReNew Energy Global plc | 13.81% | -17.28% | -10.84% | 39.27% | -29.31% | -29.27% |
ANET Arista Networks, Inc. | 33.22% | 18.55% | 87.73% | 94.07% | -15.58% | 86.96% |
Correlation
The correlation between RNW and ANET is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Feb 1, 2021 | 0.23 |
Fundamentals
RNW:
$2.38B
ANET:
$222.35B
RNW:
₹28.22
ANET:
$2.92
RNW:
21.49
ANET:
59.79
RNW:
0.09
ANET:
1.40
RNW:
1.68
ANET:
22.91
RNW:
1.82
ANET:
16.49
RNW:
₹132.90B
ANET:
$9.71B
RNW:
₹93.10B
ANET:
$6.17B
RNW:
₹88.90B
ANET:
$4.21B
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Return for Risk
RNW vs. ANET — Risk / Return Rank
RNW
ANET
RNW vs. ANET - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ReNew Energy Global plc (RNW) 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.
| RNW | ANET | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.99 | ||
| Sortino ratioReturn per unit of downside risk | -2.22 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.31 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | -0.04 | 3.63 | -3.68 |
| Martin ratioReturn relative to average drawdown | -0.07 | 7.56 | -7.64 |
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Drawdowns
RNW vs. ANET - Drawdown Comparison
The maximum RNW drawdown since its inception was -64.92%, which is greater than ANET's maximum drawdown of -52.20%. Use the drawdown chart below to compare losses from any high point for RNW and ANET.
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Drawdown Indicators
| RNW | ANET | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.92% | -52.20% | -12.72% |
Max Drawdown (1Y)Largest decline over 1 year | -45.05% | -28.33% | -16.72% |
Max Drawdown (3Y)Largest decline over 3 years | -45.05% | -50.42% | +5.37% |
Max Drawdown (5Y)Largest decline over 5 years | -64.24% | -50.42% | -13.82% |
Max Drawdown (10Y)Largest decline over 10 years | — | -52.20% | — |
Current DrawdownCurrent decline from peak | -46.55% | -1.78% | -44.77% |
Average DrawdownAverage peak-to-trough decline | -42.64% | -15.37% | -27.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 24.56% | 13.59% | +10.97% |
Volatility
RNW vs. ANET - Volatility Comparison
The current volatility for ReNew Energy Global plc (RNW) is 11.16%, while Arista Networks, Inc. (ANET) has a volatility of 15.95%. This indicates that RNW 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.
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Volatility by Period
| RNW | ANET | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.16% | 15.95% | -4.79% |
Volatility (6M)Calculated over the trailing 6-month period | 23.22% | 40.27% | -17.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 40.70% | 53.18% | -12.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 47.35% | 47.31% | +0.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 46.04% | 45.04% | +1.00% |
Dividends
RNW vs. ANET - Dividend Comparison
Neither RNW nor ANET has paid dividends to shareholders.
Financials
RNW vs. ANET - Financials Comparison
This section allows you to compare key financial metrics between ReNew Energy Global plc 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
RNW vs. ANET - Profitability Comparison
RNW - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, ReNew Energy Global plc reported a gross profit of 15.78B and revenue of 32.29B. Therefore, the gross margin over that period was 48.9%.
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%.
RNW - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, ReNew Energy Global plc reported an operating income of 9.55B and revenue of 32.29B, resulting in an operating margin of 29.6%.
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%.
RNW - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, ReNew Energy Global plc reported a net income of 789.09M and revenue of 32.29B, resulting in a net margin of 2.4%.
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
RNW and ANET have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ANET has higher volatility (15.95%) compared to RNW (11.16%). In terms of maximum drawdown, RNW dropped -64.92% vs ANET's -52.20%.
ANET currently has the higher Sharpe Ratio (1.94 vs -0.05), 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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