ANET vs APH: Correlation
Measured on weekly returns over the past three years, Arista Networks (ANET) and Amphenol (APH) carry a correlation of 0.61, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ANET and APH?
On 3 years of weekly data the ANET/APH correlation comes out at 0.61, strong. The relationship has been stable: the 1-year correlation (0.52) sits close to the 3-year figure. The 5-year figure is 0.58, and annualized covariance runs at 1018.3 %².
By 3-year correlation, APH places #16 of the 35 assets tracked against ANET. Twelve-month performance is nearly a tie, at +50.9% for ANET and +47.5% for APH. On a rolling one-year basis the correlation drifted between 0.26 and 0.74, a moderate band.
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.
ANET vs APH: side by side
| ANET (Arista Networks) | APH (Amphenol) | |
|---|---|---|
| 1-year return | +50.9% | +47.5% |
| 5-year return | +764.7% | +338.9% |
| Volatility (ann.) | 49.3% | 33.6% |
| Beta vs S&P 500 | 2.20 | 1.57 |
| Max drawdown (3Y) | -50.4% | -28.2% |
| Market cap | $253.6B | $199.0B |
| P/E (trailing) | 64.0 | 40.3 |
| Dividend yield | 0.00% | 0.57% |
| Sector / category | Information Technology | Information Technology |
Year-by-year returns
| Year | ANET | APH |
|---|---|---|
| 2022 | -15.6% | -12.0% |
| 2023 | +94.1% | +31.5% |
| 2024 | +87.7% | +41.3% |
| 2025 | +18.5% | +96.1% |
| 2026 | +53.5% | +19.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ANET and APH good diversifiers for each other?
Only partially. A correlation of 0.61 means ANET and APH share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between ANET and APH?
The ANET/APH correlation stands at 0.61 on a 3-year window (1 year: 0.52, 5 years: 0.58), computed from weekly returns as of 2026-08-27.
Is APH a good diversifier for ANET?
Only partially. A correlation of 0.61 means ANET and APH share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.61 mean?
A reading of 0.61 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: ANET correlations · APH correlations
