XPO vs. ANET

Last updated Jun 9, 2026

XPO (XPO Logistics, Inc.) and ANET (Arista Networks, Inc.) are both stocks. XPO operates in Integrated Freight & Logistics (Industrials), while ANET operates in Computer Hardware (Technology). Over the past 10 years, XPO returned 36.48%/yr vs 42.38%/yr for ANET. At a 0.37 correlation, their price movements are largely independent.

Performance

XPO vs. ANET - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in XPO Logistics, Inc. (XPO) 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, XPO achieves a 65.30% return, which is significantly higher than ANET's 19.36% return. Over the past 10 years, XPO has underperformed ANET with an annualized return of 36.48%, while ANET has yielded a comparatively higher 42.38% annualized return.

XPO

• 1D: 2.61%
• 1M: 9.86%
• YTD: 65.30%
• 6M: 59.53%
• 1Y: 89.63%
• 3Y*: 66.70%
• 5Y*: 35.18%
• 10Y*: 36.48%

ANET

• 1D: 1.38%
• 1M: 10.32%
• YTD: 19.36%
• 6M: 21.14%
• 1Y: 60.82%
• 3Y*: 56.72%
• 5Y*: 47.39%
• 10Y*: 42.38%

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

XPO vs. ANET - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
XPO XPO Logistics, Inc.	65.30%	3.63%	49.73%	163.11%	-27.64%	11.60%	49.56%	39.73%	-37.72%	112.21%
ANET Arista Networks, Inc.	19.36%	18.55%	87.73%	94.07%	-15.58%	97.89%	42.86%	-3.46%	-10.56%	143.44%

Correlation

The correlation between XPO and ANET is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.19
Correlation (3Y) Calculated over the trailing 3-year period	0.31
Correlation (5Y) Calculated over the trailing 5-year period	0.38
Correlation (10Y) Calculated over the trailing 10-year period	0.40
Correlation (All Time) Calculated using the full available price history since Jun 9, 2014	0.37

The correlation between XPO and ANET shifts across timeframes, from 0.19 (1 year) to 0.40 (10 years), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap XPO : $26.73B ANET : $199.22B
EPS XPO : $2.92 ANET : $2.92
PE Ratio XPO : 76.98 ANET : 53.57
PEG Ratio XPO : 2.89 ANET : 1.26
PS Ratio XPO : 3.23 ANET : 20.53
PB Ratio XPO : 14.44 ANET : 14.77
Total Revenue (TTM) XPO : $8.30B ANET : $9.71B
Gross Profit (TTM) XPO : $772.00M ANET : $6.17B
EBITDA (TTM) XPO : $1.20B ANET : $4.21B

Return for Risk

XPO vs. ANET — Risk / Return Rank

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

XPO

XPO Risk / Return Rank: 89
XPO Sharpe Ratio Rank: 90
XPO Sortino Ratio Rank: 86
XPO Omega Ratio Rank: 84
XPO Calmar Ratio Rank: 94
XPO Martin Ratio Rank: 92

ANET

ANET Risk / Return Rank: 74
ANET Sharpe Ratio Rank: 76
ANET Sortino Ratio Rank: 71
ANET Omega Ratio Rank: 70
ANET Calmar Ratio Rank: 77
ANET Martin Ratio Rank: 74

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.

XPO vs. ANET - Risk-Adjusted Trends Comparison

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

	XPO	ANET	Difference
Sharpe ratio: Return per unit of total volatility	2.08	1.15	+0.93
Sortino ratio: Return per unit of downside risk	2.66	1.73	+0.93
Omega ratio: Gain probability vs. loss probability	1.33	1.22	+0.11
Calmar ratio: Return relative to maximum drawdown	5.77	2.16	+3.61
Martin ratio: Return relative to average drawdown	13.70	4.51	+9.19
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XPO vs. ANET - Sharpe Ratio Comparison

The current XPO Sharpe Ratio is 2.08, which is higher than the ANET Sharpe Ratio of 1.15. The chart below compares the historical Sharpe Ratios of XPO 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

	XPO	ANET	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.08	1.15	+0.93
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.75	1.01	-0.26
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.77	0.95	-0.18
Sharpe Ratio (All Time) Calculated using the full available price history	0.44	0.83	-0.38

Drawdowns

XPO vs. ANET - Drawdown Comparison

The maximum XPO drawdown since its inception was -82.85%, which is greater than ANET's maximum drawdown of -52.20%. Use the drawdown chart below to compare losses from any high point for XPO and ANET.

Drawdown Indicators

	XPO	ANET	Difference
Max Drawdown Largest peak-to-trough decline	-82.85%	-52.20%	-30.65%
Max Drawdown (1Y) Largest decline over 1 year	-15.63%	-28.33%	+12.70%
Max Drawdown (3Y) Largest decline over 3 years	-42.19%	-50.42%	+8.23%
Max Drawdown (5Y) Largest decline over 5 years	-53.17%	-50.42%	-2.75%
Max Drawdown (10Y) Largest decline over 10 years	-64.48%	-52.20%	-12.28%
Current Drawdown Current decline from peak	-1.62%	-12.00%	+10.38%
Average Drawdown Average peak-to-trough decline	-30.28%	-15.40%	-14.88%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.56%	13.53%	-6.97%

Volatility

XPO vs. ANET - Volatility Comparison

The current volatility for XPO Logistics, Inc. (XPO) is 9.87%, while Arista Networks, Inc. (ANET) has a volatility of 16.83%. This indicates that XPO 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

	XPO	ANET	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.87%	16.83%	-6.96%
Volatility (6M) Calculated over the trailing 6-month period	31.81%	40.41%	-8.60%
Volatility (1Y) Calculated over the trailing 1-year period	43.47%	53.48%	-10.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	46.90%	47.20%	-0.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	47.80%	44.99%	+2.81%

Dividends

XPO vs. ANET - Dividend Comparison

Neither XPO nor ANET has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

XPO vs. ANET - Profitability Comparison

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

XPO - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, XPO Logistics, Inc. reported a gross profit of 0.00 and revenue of 2.10B. Therefore, the gross margin over that period was 0.0%.

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%.

XPO - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, XPO Logistics, Inc. reported an operating income of 174.00M and revenue of 2.10B, resulting in an operating margin of 8.3%.

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%.

XPO - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, XPO Logistics, Inc. reported a net income of 101.00M and revenue of 2.10B, resulting in a net margin of 4.8%.

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 XPO and ANET in my portfolio?

XPO and ANET have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, XPO or ANET?

ANET has higher volatility (16.83%) compared to XPO (9.87%). In terms of maximum drawdown, XPO dropped -82.85% vs ANET's -52.20%.

Which has better risk-adjusted returns?

XPO currently has the higher Sharpe Ratio (2.08 vs 1.15), 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.