WKEY vs. ANET

Last updated Jun 23, 2026

WKEY (WISeKey International Holding AG) and ANET (Arista Networks, Inc.) are both stocks. Both are in the Technology sector — WKEY in Semiconductors, ANET in Computer Hardware. Over the past 5 years, WKEY returned -27.29%/yr vs 50.26%/yr for ANET. At a 0.20 correlation, their price movements are largely independent.

Performance

WKEY vs. ANET - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WISeKey International Holding AG (WKEY) 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, WKEY achieves a -1.78% return, which is significantly lower than ANET's 33.22% return.

WKEY

• 1D: 2.66%
• 1M: -27.13%
• YTD: -1.78%
• 6M: -15.09%
• 1Y: 22.58%
• 3Y*: 17.73%
• 5Y*: -27.29%
• 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%

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

WKEY vs. ANET - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
WKEY WISeKey International Holding AG	-1.78%	-13.31%	417.40%	-60.67%	-77.35%	-44.57%	-39.61%	52.67%
ANET Arista Networks, Inc.	33.22%	18.55%	87.73%	94.07%	-15.58%	97.89%	42.86%	-6.68%

Correlation

The correlation between WKEY and ANET is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.35
Correlation (3Y) Calculated over the trailing 3-year period	0.22
Correlation (5Y) Calculated over the trailing 5-year period	0.23
Correlation (All Time) Calculated using the full available price history since Jan 11, 2019	0.20

The correlation between WKEY and ANET shifts across timeframes, from 0.20 (all time) to 0.35 (1 year), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap WKEY : $86.74M ANET : $222.35B
EPS WKEY : -$2.93 ANET : $2.92
PS Ratio WKEY : 2.43 ANET : 22.91
PB Ratio WKEY : 1.89 ANET : 16.49
Total Revenue (TTM) WKEY : $31.08M ANET : $9.71B
Gross Profit (TTM) WKEY : $12.08M ANET : $6.17B
EBITDA (TTM) WKEY : -$72.38M ANET : $4.21B

Return for Risk

WKEY vs. ANET — Risk / Return Rank

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

WKEY

WKEY Risk / Return Rank: 52
WKEY Sharpe Ratio Rank: 50
WKEY Sortino Ratio Rank: 59
WKEY Omega Ratio Rank: 55
WKEY Calmar Ratio Rank: 50
WKEY Martin Ratio Rank: 48

ANET

ANET Risk / Return Rank: 85
ANET Sharpe Ratio Rank: 88
ANET Sortino Ratio Rank: 83
ANET Omega Ratio Rank: 82
ANET Calmar Ratio Rank: 87
ANET Martin Ratio Rank: 83

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.

WKEY vs. ANET - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WISeKey International Holding AG (WKEY) 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.

	WKEY	ANET	Difference
Sharpe ratio: Return per unit of total volatility	0.22	1.94	-1.72
Sortino ratio: Return per unit of downside risk	1.14	2.44	-1.30
Omega ratio: Gain probability vs. loss probability	1.13	1.31	-0.19
Calmar ratio: Return relative to maximum drawdown	0.33	3.63	-3.31
Martin ratio: Return relative to average drawdown	0.51	7.56	-7.05

WKEY vs. ANET - Sharpe Ratio Comparison

The current WKEY Sharpe Ratio is 0.22, which is lower than the ANET Sharpe Ratio of 1.94. The chart below compares the historical Sharpe Ratios of WKEY 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.

Drawdowns

WKEY vs. ANET - Drawdown Comparison

The maximum WKEY drawdown since its inception was -98.63%, which is greater than ANET's maximum drawdown of -52.20%. Use the drawdown chart below to compare losses from any high point for WKEY and ANET.

Drawdown Indicators

	WKEY	ANET	Difference
Max Drawdown Largest peak-to-trough decline	-98.63%	-52.20%	-46.43%
Max Drawdown (1Y) Largest decline over 1 year	-69.33%	-28.33%	-41.00%
Max Drawdown (3Y) Largest decline over 3 years	-75.23%	-50.42%	-24.81%
Max Drawdown (5Y) Largest decline over 5 years	-96.78%	-50.42%	-46.36%
Max Drawdown (10Y) Largest decline over 10 years	—	-52.20%	—
Current Drawdown Current decline from peak	-92.49%	-1.78%	-90.71%
Average Drawdown Average peak-to-trough decline	-72.53%	-15.37%	-57.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	44.71%	13.59%	+31.12%

Volatility

WKEY vs. ANET - Volatility Comparison

WISeKey International Holding AG (WKEY) has a higher volatility of 28.70% compared to Arista Networks, Inc. (ANET) at 15.95%. This indicates that WKEY'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.

Volatility by Period

	WKEY	ANET	Difference
Volatility (1M) Calculated over the trailing 1-month period	28.70%	15.95%	+12.75%
Volatility (6M) Calculated over the trailing 6-month period	60.75%	40.27%	+20.48%
Volatility (1Y) Calculated over the trailing 1-year period	103.21%	53.18%	+50.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	121.82%	47.31%	+74.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	133.10%	45.04%	+88.06%

Dividends

WKEY vs. ANET - Dividend Comparison

Neither WKEY nor ANET has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both WKEY and ANET in my portfolio?

WKEY and ANET have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, WKEY or ANET?

WKEY has higher volatility (28.70%) compared to ANET (15.95%). In terms of maximum drawdown, WKEY dropped -98.63% vs ANET's -52.20%.

Which has better risk-adjusted returns?

ANET currently has the higher Sharpe Ratio (1.94 vs 0.22), 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.