ANET vs BVC: Correlation
Measured on weekly returns over the past three years, Arista Networks (ANET) and BitVentures Limited (BVC) carry a correlation of -0.15, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ANET and BVC?
Across a 3-year window, the weekly returns of ANET and BVC correlate at -0.15, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.19) sits close to the 3-year figure. Stretching to 5 years gives -0.11, with an annualized covariance of -3450.2 %².
Among the 35 assets we track against ANET, BVC ranks #28 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months BVC outperformed by 1771.1 percentage points (+50.9% for ANET against +1822.0% for BVC). Risk is not evenly split, since BVC carries 9.7 times the volatility of the other side.
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 BVC: side by side
| ANET (Arista Networks) | BVC (BitVentures Limited) | |
|---|---|---|
| 1-year return | +50.9% | +1822.0% |
| 5-year return | +764.7% | +74.6% |
| Volatility (ann.) | 49.3% | 476.9% |
| Beta vs S&P 500 | 2.20 | 1.30 |
| Max drawdown (3Y) | -50.4% | -97.2% |
| Market cap | $253.6B | $2.1B |
| P/E (trailing) | 64.0 | 8.3 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | ANET | BVC |
|---|---|---|
| 2022 | -15.6% | +1.2% |
| 2023 | +94.1% | -67.4% |
| 2024 | +87.7% | -33.5% |
| 2025 | +18.5% | -7.3% |
| 2026 | +53.5% | +1002.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ANET and BVC good diversifiers for each other?
Yes. With a correlation of -0.15, ANET and BVC have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ANET and BVC?
As of 2026-08-27, the correlation of weekly returns between ANET and BVC is -0.15 over 3 years, -0.19 over 1 year and -0.11 over 5 years.
Is BVC a good diversifier for ANET?
Yes. With a correlation of -0.15, ANET and BVC have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.15 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/anet-vs-bvc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/anet-vs-bvc/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ANET correlations · BVC correlations
