ANET vs NVDA: Correlation
How closely do Arista Networks (ANET) and Nvidia (NVDA) trade together? Their weekly returns over three years give a correlation of 0.54, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ANET and NVDA?
Across a 3-year window, the weekly returns of ANET and NVDA correlate at 0.54, moderate. The link has loosened recently: the 1-year correlation (0.37) runs below the 3-year figure (0.54). Stretching to 5 years gives 0.54, with an annualized covariance of 1172.8 %².
Within ANET's tracked universe of 35 assets, NVDA comes in at #22 by 3-year correlation. The last year tells two different stories: ANET led by 25.2 percentage points, +50.9% for ANET against +25.7% for NVDA. Across three years, the rolling one-year figure varied moderately, from 0.33 to 0.68.
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 NVDA: side by side
| ANET (Arista Networks) | NVDA (Nvidia) | |
|---|---|---|
| 1-year return | +50.9% | +25.7% |
| 5-year return | +764.7% | +908.3% |
| Volatility (ann.) | 49.3% | 44.5% |
| Beta vs S&P 500 | 2.20 | 2.18 |
| Max drawdown (3Y) | -50.4% | -36.9% |
| Market cap | $253.6B | $5,505.0B |
| P/E (trailing) | 64.0 | 32.2 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Information Technology | Information Technology |
Year-by-year returns
| Year | ANET | NVDA |
|---|---|---|
| 2022 | -15.6% | -50.3% |
| 2023 | +94.1% | +239.0% |
| 2024 | +87.7% | +171.2% |
| 2025 | +18.5% | +38.9% |
| 2026 | +53.5% | +22.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ANET and NVDA good diversifiers for each other?
To a limited degree. At 0.54 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between ANET and NVDA?
As of 2026-08-27, the correlation of weekly returns between ANET and NVDA is 0.54 over 3 years, 0.37 over 1 year and 0.54 over 5 years.
Is NVDA a good diversifier for ANET?
To a limited degree. At 0.54 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.54 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-nvda.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/anet-vs-nvda/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ANET correlations · NVDA correlations
