ALAB vs ANET: Correlation
How closely do Astera Labs, Inc. (ALAB) and Arista Networks (ANET) trade together? Their weekly returns over three years give a correlation of 0.54, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALAB and ANET?
Across a 3-year window, the weekly returns of ALAB and ANET correlate at 0.54, moderate. Little has changed lately, as the 1-year reading of 0.56 lands near the 3-year figure. Stretching to 5 years gives n/a, with an annualized covariance of 2331.4 %².
Among the 18 assets we track against ALAB, ANET ranks #4 by 3-year correlation. The last year tells two different stories: ALAB led by 18.8 percentage points, +69.7% for ALAB against +50.9% for ANET. One caveat on sizing: ALAB is 1.7 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
ALAB vs ANET: side by side
| ALAB (Astera Labs, Inc.) | ANET (Arista Networks) | |
|---|---|---|
| 1-year return | +69.7% | +50.9% |
| 5-year return | n/a | +764.7% |
| Volatility (ann.) | 84.6% | 49.3% |
| Beta vs S&P 500 | 2.90 | 2.20 |
| Max drawdown (3Y) | -63.7% | -50.4% |
| Market cap | $52.8B | $253.6B |
| P/E (trailing) | 142.8 | 64.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | ALAB | ANET |
|---|---|---|
| 2022 | – | -15.6% |
| 2023 | – | +94.1% |
| 2024 | – | +87.7% |
| 2025 | +25.6% | +18.5% |
| 2026 | +82.8% | +53.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALAB and ANET good diversifiers for each other?
Somewhat, no more. With 0.54 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between ALAB and ANET?
The ALAB/ANET correlation stands at 0.54 on a 3-year window (1 year: 0.56, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is ANET a good diversifier for ALAB?
Somewhat, no more. With 0.54 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.54 mean?
On the −1 to +1 scale, 0.54 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/alab-vs-anet.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/alab-vs-anet/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ALAB correlations · ANET correlations
