ANET vs GAM: Correlation
How closely do Arista Networks (ANET) and General American Investors, Inc. (GAM) trade together? Their weekly returns over three years give a correlation of 0.64, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ANET and GAM?
Across a 3-year window, the weekly returns of ANET and GAM correlate at 0.64, strong. Lately the two have drifted apart, with the 1-year correlation at 0.51 versus 0.64 over 3 years. Stretching to 5 years gives 0.55, with an annualized covariance of 429.9 %².
Among the 35 assets we track against ANET, GAM ranks #12 by 3-year correlation. Correlation aside, the last 12 months split them widely, with ANET ahead by 24.8 points (+50.9% versus +26.1%). One caveat on sizing: ANET is 3.6 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 GAM: side by side
| ANET (Arista Networks) | GAM (General American Investors, Inc.) | |
|---|---|---|
| 1-year return | +50.9% | +26.1% |
| 5-year return | +764.7% | +118.0% |
| Volatility (ann.) | 49.3% | 13.6% |
| Beta vs S&P 500 | 2.20 | 0.81 |
| Max drawdown (3Y) | -50.4% | -14.9% |
| Market cap | $253.6B | $1.6B |
| P/E (trailing) | 64.0 | 4.2 |
| Dividend yield | 0.00% | 9.47% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | ANET | GAM |
|---|---|---|
| 2022 | -15.6% | -14.8% |
| 2023 | +94.1% | +26.8% |
| 2024 | +87.7% | +29.5% |
| 2025 | +18.5% | +28.6% |
| 2026 | +53.5% | +15.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ANET and GAM good diversifiers for each other?
Somewhat, no more. With 0.64 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between ANET and GAM?
As of 2026-08-27, the correlation of weekly returns between ANET and GAM is 0.64 over 3 years, 0.51 over 1 year and 0.55 over 5 years.
Is GAM a good diversifier for ANET?
Somewhat, no more. With 0.64 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.64 mean?
A reading of 0.64 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 · GAM correlations
