ANET vs IVV: Correlation
Measured on weekly returns over the past three years, Arista Networks (ANET) and iShares Core S&P 500 ETF (IVV) carry a correlation of 0.65, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ANET and IVV?
Over the past 3 years, ANET and IVV moved with a correlation of 0.65, which is strong. Lately the two have drifted apart, with the 1-year correlation at 0.44 versus 0.65 over 3 years. Over 5 years the correlation is 0.56, and the annualized covariance of weekly returns is 462.7 %².
By 3-year correlation, IVV places #7 of the 35 assets tracked against ANET. The last year tells two different stories: ANET led by 30.2 percentage points, +50.9% for ANET against +20.7% for IVV. This link changes with the market regime, having swung between 0.19 and 0.80 on a rolling one-year basis. Note the risk asymmetry: ANET runs 3.4 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 IVV: side by side
| ANET (Arista Networks) | IVV (iShares Core S&P 500 ETF) | |
|---|---|---|
| 1-year return | +50.9% | +20.7% |
| 5-year return | +764.7% | +83.0% |
| Volatility (ann.) | 49.3% | 14.5% |
| Beta vs S&P 500 | 2.20 | 1.00 |
| Max drawdown (3Y) | -50.4% | -18.8% |
| Market cap | $253.6B | – |
| P/E (trailing) | 64.0 | – |
| Dividend yield | 0.00% | 1.09% |
| Expense ratio | – | 0.03% |
| Assets under management | – | $869.2B |
| Sector / category | Information Technology | ETF · US Large Cap |
IVV is a Large Blend fund from iShares: $869.2B under management, 503 holdings, a 0.03% expense ratio, a 1.09% trailing dividend yield.
Year-by-year returns
| Year | ANET | IVV |
|---|---|---|
| 2022 | -15.6% | -18.2% |
| 2023 | +94.1% | +26.3% |
| 2024 | +87.7% | +24.9% |
| 2025 | +18.5% | +17.8% |
| 2026 | +53.5% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
ANET represents 0.32% of IVV's portfolio, so part of any move in IVV is ANET itself, and the correlation between them is partly mechanical.
Are ANET and IVV good diversifiers for each other?
Somewhat, no more. With 0.65 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between ANET and IVV?
As of 2026-08-27, the correlation of weekly returns between ANET and IVV is 0.65 over 3 years, 0.44 over 1 year and 0.56 over 5 years.
Is IVV a good diversifier for ANET?
Somewhat, no more. With 0.65 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.65 mean?
A reading of 0.65 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-ivv.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/anet-vs-ivv/)
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Related comparisons
Hubs: ANET correlations · IVV correlations
