WWD vs. ANET

Last updated Jul 14, 2026

WWD (Woodward, Inc.) and ANET (Arista Networks, Inc.) are both stocks. WWD operates in Aerospace & Defense (Industrials), while ANET operates in Computer Hardware (Technology). Over the past 10 years, WWD returned 21.60%/yr vs 45.11%/yr for ANET. At a 0.33 correlation, their price movements are largely independent.

Performance

WWD vs. ANET - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Woodward, Inc. (WWD) 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, WWD achieves a 31.52% return, which is significantly lower than ANET's 38.25% return. Over the past 10 years, WWD has underperformed ANET with an annualized return of 21.60%, while ANET has yielded a comparatively higher 45.11% annualized return.

WWD

• 1D: -2.33%
• 1M: 2.61%
• 6M: 21.95%
• YTD: 31.52%
• 1Y: 62.56%
• 3Y*: 50.08%
• 5Y*: 27.85%
• 10Y*: 21.60%

ANET

• 1D: -3.11%
• 1M: 10.97%
• 6M: 46.78%
• YTD: 38.25%
• 1Y: 66.85%
• 3Y*: 63.57%
• 5Y*: 51.00%
• 10Y*: 45.11%

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

WWD vs. ANET - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
WWD Woodward, Inc.	31.52%	82.58%	23.01%	41.97%	-11.09%	-9.43%	3.18%	60.42%	-2.23%	11.63%
ANET Arista Networks, Inc.	38.25%	18.55%	87.73%	94.07%	-15.58%	97.89%	42.86%	-3.46%	-10.56%	143.44%

Correlation

The correlation between WWD and ANET is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.21
Correlation (3Y) Calculated over the trailing 3-year period	0.33
Correlation (5Y) Calculated over the trailing 5-year period	0.37
Correlation (10Y) Calculated over the trailing 10-year period	0.33
Correlation (All Time) Calculated using the full available price history since Jun 6, 2014	0.33

The correlation between WWD and ANET shifts across timeframes, from 0.21 (1 year) to 0.37 (5 years), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap WWD : $23.65B ANET : $228.10B
EPS WWD : $4.00 ANET : $2.92
PE Ratio WWD : 99.35 ANET : 62.10
PEG Ratio WWD : 3.85 ANET : 1.46
PS Ratio WWD : 6.12 ANET : 23.79
PB Ratio WWD : 9.66 ANET : 17.11
Total Revenue (TTM) WWD : $4.00B ANET : $9.71B
Gross Profit (TTM) WWD : $526.56M ANET : $6.17B
EBITDA (TTM) WWD : $706.85M ANET : $4.21B

Return for Risk

WWD vs. ANET — Risk / Return Rank

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

WWD

WWD Risk / Return Rank: 89
WWD Sharpe Ratio Rank: 88
WWD Sortino Ratio Rank: 89
WWD Omega Ratio Rank: 86
WWD Calmar Ratio Rank: 92
WWD Martin Ratio Rank: 90

ANET

ANET Risk / Return Rank: 79
ANET Sharpe Ratio Rank: 81
ANET Sortino Ratio Rank: 77
ANET Omega Ratio Rank: 76
ANET Calmar Ratio Rank: 82
ANET Martin Ratio Rank: 79

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.

WWD vs. ANET - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Woodward, Inc. (WWD) 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.

	WWD	ANET	Difference
Sharpe ratio: Return per unit of total volatility	1.73	1.23	+0.50
Sortino ratio: Return per unit of downside risk	2.73	1.83	+0.90
Omega ratio: Gain probability vs. loss probability	1.32	1.23	+0.09
Calmar ratio: Return relative to maximum drawdown	4.14	2.37	+1.77
Martin ratio: Return relative to average drawdown	9.94	4.90	+5.04

WWD vs. ANET - Sharpe Ratio Comparison

The current WWD Sharpe Ratio is 1.73, which is higher than the ANET Sharpe Ratio of 1.23. The chart below compares the historical Sharpe Ratios of WWD 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

WWD vs. ANET - Drawdown Comparison

The maximum WWD drawdown since its inception was -83.18%, which is greater than ANET's maximum drawdown of -52.20%. Use the drawdown chart below to compare losses from any high point for WWD and ANET.

Drawdown Indicators

	WWD	ANET	Difference
Max Drawdown Largest peak-to-trough decline	-83.18%	-52.20%	-30.98%
Max Drawdown (1Y) Largest decline over 1 year	-15.17%	-28.33%	+13.16%
Max Drawdown (3Y) Largest decline over 3 years	-19.31%	-50.42%	+31.11%
Max Drawdown (5Y) Largest decline over 5 years	-37.25%	-50.42%	+13.17%
Max Drawdown (10Y) Largest decline over 10 years	-60.61%	-52.20%	-8.41%
Current Drawdown Current decline from peak	-9.05%	-3.11%	-5.94%
Average Drawdown Average peak-to-trough decline	-17.83%	-15.33%	-2.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.31%	13.68%	-7.37%

Volatility

WWD vs. ANET - Volatility Comparison

The current volatility for Woodward, Inc. (WWD) is 11.04%, while Arista Networks, Inc. (ANET) has a volatility of 18.95%. This indicates that WWD 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

	WWD	ANET	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.04%	18.95%	-7.91%
Volatility (6M) Calculated over the trailing 6-month period	28.79%	42.80%	-14.01%
Volatility (1Y) Calculated over the trailing 1-year period	36.48%	54.85%	-18.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.20%	47.91%	-15.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	35.39%	45.14%	-9.75%

Dividends

WWD vs. ANET - Dividend Comparison

WWD's dividend yield for the trailing twelve months is around 0.30%, 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%
WWD Woodward, Inc.	0.30%	0.37%	0.60%	0.65%	0.79%	0.59%	0.43%	0.55%	0.77%	0.65%	0.64%	0.81%

Financials

WWD vs. ANET - Profitability Comparison

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

WWD - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Woodward, Inc. reported a gross profit of -292.16M and revenue of 1.09B. Therefore, the gross margin over that period was -26.8%.

ANET - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 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%.

WWD - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Woodward, Inc. reported an operating income of -159.42M and revenue of 1.09B, resulting in an operating margin of -14.6%.

ANET - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Arista Networks, Inc. reported an operating income of 1.16B and revenue of 2.71B, resulting in an operating margin of 42.7%.

WWD - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Woodward, Inc. reported a net income of -133.72M and revenue of 1.09B, resulting in a net margin of -12.3%.

ANET - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jul 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 WWD and ANET in my portfolio?

WWD and ANET have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, WWD or ANET?

ANET has higher volatility (18.95%) compared to WWD (11.04%). In terms of maximum drawdown, WWD dropped -83.18% vs ANET's -52.20%.

Which has better risk-adjusted returns?

WWD currently has the higher Sharpe Ratio (1.73 vs 1.23), 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.