ANET vs EOS: Correlation
Measured on weekly returns over the past three years, Arista Networks (ANET) and Eaton Vance Enhance Equity Income Fund II (EOS) carry a correlation of 0.66, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ANET and EOS?
Over the past 3 years, ANET and EOS moved with a correlation of 0.66, which is strong. The link has loosened recently: the 1-year correlation (0.49) runs below the 3-year figure (0.66). Over 5 years the correlation is 0.58, and the annualized covariance of weekly returns is 621.1 %².
By 3-year correlation, EOS places #4 of the 35 assets tracked against ANET. Their recent paths diverged sharply: over the last 12 months ANET outperformed by 52.8 percentage points (+50.9% for ANET against -1.9% for EOS). One caveat on sizing: ANET is 2.6 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.
ANET vs EOS: side by side
| ANET (Arista Networks) | EOS (Eaton Vance Enhance Equity Income Fund II) | |
|---|---|---|
| 1-year return | +50.9% | -1.9% |
| 5-year return | +764.7% | +30.9% |
| Volatility (ann.) | 49.3% | 19.2% |
| Beta vs S&P 500 | 2.20 | 1.17 |
| Max drawdown (3Y) | -50.4% | -24.3% |
| Market cap | $253.6B | $1.2B |
| P/E (trailing) | 64.0 | 7.2 |
| Dividend yield | 0.00% | 8.51% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | ANET | EOS |
|---|---|---|
| 2022 | -15.6% | -26.5% |
| 2023 | +94.1% | +22.6% |
| 2024 | +87.7% | +38.7% |
| 2025 | +18.5% | +5.8% |
| 2026 | +53.5% | -2.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ANET and EOS good diversifiers for each other?
Somewhat, no more. With 0.66 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between ANET and EOS?
The ANET/EOS correlation stands at 0.66 on a 3-year window (1 year: 0.49, 5 years: 0.58), computed from weekly returns as of 2026-08-27.
Is EOS a good diversifier for ANET?
Somewhat, no more. With 0.66 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.66 mean?
A reading of 0.66 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/anet-vs-eos.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/anet-vs-eos/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ANET correlations · EOS correlations
