ANET vs SNPS: Correlation
Measured on weekly returns over the past three years, Arista Networks (ANET) and Synopsys (SNPS) carry a correlation of 0.51, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ANET and SNPS?
On 3 years of weekly data the ANET/SNPS correlation comes out at 0.51, moderate. The past 12 months show a weaker link (0.33) than the 3-year average (0.51). The 5-year figure is 0.48, and annualized covariance runs at 1063.3 %².
By 3-year correlation, SNPS places #23 of the 35 assets tracked against ANET. Correlation aside, the last 12 months split them widely, with ANET ahead by 73.8 points (+50.9% versus -22.9%). This link changes with the market regime, having swung between 0.25 and 0.75 on a rolling one-year basis.
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 SNPS: side by side
| ANET (Arista Networks) | SNPS (Synopsys) | |
|---|---|---|
| 1-year return | +50.9% | -22.9% |
| 5-year return | +764.7% | +39.1% |
| Volatility (ann.) | 49.3% | 42.2% |
| Beta vs S&P 500 | 2.20 | 1.57 |
| Max drawdown (3Y) | -50.4% | -42.3% |
| Market cap | $253.6B | $89.1B |
| P/E (trailing) | 64.0 | 71.4 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Information Technology | Information Technology |
Year-by-year returns
| Year | ANET | SNPS |
|---|---|---|
| 2022 | -15.6% | -13.4% |
| 2023 | +94.1% | +61.3% |
| 2024 | +87.7% | -5.7% |
| 2025 | +18.5% | -3.2% |
| 2026 | +53.5% | -1.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ANET and SNPS good diversifiers for each other?
To a limited degree. At 0.51 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 SNPS?
As of 2026-08-27, the correlation of weekly returns between ANET and SNPS is 0.51 over 3 years, 0.33 over 1 year and 0.48 over 5 years.
Is SNPS a good diversifier for ANET?
To a limited degree. At 0.51 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 0.51 mean?
On the −1 to +1 scale, 0.51 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/anet-vs-snps.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/anet-vs-snps/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ANET correlations · SNPS correlations
