ANET vs VOO: Correlation
Arista Networks (ANET) and Vanguard S&P 500 ETF (VOO) show a strong relationship: their 3-year correlation of weekly returns is 0.65.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ANET and VOO?
Across a 3-year window, the weekly returns of ANET and VOO correlate at 0.65, strong. Lately the two have drifted apart, with the 1-year correlation at 0.44 versus 0.65 over 3 years. Stretching to 5 years gives 0.56, with an annualized covariance of 458.1 %².
Within ANET's tracked universe of 35 assets, VOO comes in at #10 by 3-year correlation. The last year tells two different stories: ANET led by 30.3 percentage points, +50.9% for ANET against +20.6% for VOO. 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 VOO: side by side
| ANET (Arista Networks) | VOO (Vanguard S&P 500 ETF) | |
|---|---|---|
| 1-year return | +50.9% | +20.6% |
| 5-year return | +764.7% | +83.0% |
| Volatility (ann.) | 49.3% | 14.4% |
| Beta vs S&P 500 | 2.20 | 0.99 |
| Max drawdown (3Y) | -50.4% | -18.7% |
| Market cap | $253.6B | – |
| P/E (trailing) | 64.0 | – |
| Dividend yield | 0.00% | 1.07% |
| Expense ratio | – | 0.03% |
| Assets under management | – | $1,686.9B |
| Sector / category | Information Technology | ETF · US Large Cap |
VOO, Vanguard's Large Blend fund, carries $1,686.9B under management, 503 holdings, a 0.03% expense ratio, a 1.07% trailing dividend yield.
Year-by-year returns
| Year | ANET | VOO |
|---|---|---|
| 2022 | -15.6% | -18.2% |
| 2023 | +94.1% | +26.3% |
| 2024 | +87.7% | +25.0% |
| 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
A structural note: 0.29% of VOO is ANET itself, so the fund partly moves with the stock by construction.
Are ANET and VOO good diversifiers for each other?
To a limited degree. At 0.65 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 VOO?
The ANET/VOO correlation stands at 0.65 on a 3-year window (1 year: 0.44, 5 years: 0.56), computed from weekly returns as of 2026-08-27.
Is VOO a good diversifier for ANET?
To a limited degree. At 0.65 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 0.65 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.
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Related comparisons
Hubs: ANET correlations · VOO correlations
