CDNS vs SPY
Comparison between Cadence Design Systems Inc (CDNS, Company) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceCDNS has outperformed SPY, delivering a return of +22.9% compared to +13.3%
CDNS vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Market Cap / Net Assets
CDNS
$97B
Winner
SPY
$652B
Expense Ratio
CDNS
N/A
SPY
0.09%
Max Drawdown
CDNS
91.92%
Winner
SPY
56.47%
Sharpe Ratio
CDNS
0.53
Winner
SPY
2.07
5Y Beta
CDNS
1.48
Winner
SPY
1.00
Industry
CDNS
Software - Application
SPY
N/A
P/E Ratio
CDNS
91.27
Winner
SPY
28.24
Forward P/E
CDNS
44.64
Winner
SPY
21.85
PEG Ratio
CDNS
10.78
SPY
N/A
5Y Dividends CAGR
CDNS
N/A
SPY
5.43%
5Y EPS CAGR
CDNS
21.45%
Winner
SPY
25.79%
Debt to Equity
Winner
CDNS
0.00%
SPY
22.35%
Free Cash Flow Yield
CDNS
1.48%
SPY
N/A
P/S Ratio
CDNS
17.71
Winner
SPY
3.55
P/B Ratio
CDNS
14.87
Winner
SPY
5.29
CDNS vs SPY - Historical Returns
Returns include dividend reinvestment.
1M
Winner
CDNS
+25.28%
SPY
+9.11%
3M
Winner
CDNS
+24.64%
SPY
+6.59%
6M
Winner
CDNS
+11.58%
SPY
+10.56%
1Y
CDNS
+17.78%
Winner
SPY
+32.04%
5Y(CAGR)
Winner
CDNS
+22.95%
SPY
+13.35%
10Y(CAGR)
Winner
CDNS
+31.43%
SPY
+15.49%
Max(CAGR)
Winner
CDNS
+12.68%
SPY
+8.50%
CDNS vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | CDNS | SPY |
|---|---|---|
| 2026 | +16.85% | +8.27% |
| 2025 | +5.01% | +18.00% |
| 2024 | +14.29% | +25.59% |
| 2023 | +70.62% | +26.72% |
| 2022 | -12.30% | -18.64% |
| 2021 | +37.26% | +30.52% |
| 2020 | +90.97% | +17.28% |
| 2019 | +60.44% | +31.09% |
| 2018 | +3.40% | -5.24% |
| 2017 | +65.04% | +20.78% |
| 2016 | +22.84% | +13.59% |
| 2015 | +10.52% | +1.31% |
| 2014 | +35.40% | +14.56% |
| 2013 | +0.14% | +29.00% |
| 2012 | +30.66% | +14.17% |
| 2011 | +24.55% | +0.85% |
| 2010 | +34.97% | +13.14% |
| 2009 | +55.99% | +22.67% |
| 2008 | -78.21% | -36.25% |
| 2007 | -6.28% | +5.32% |
| 2006 | +5.66% | +13.85% |
| 2005 | +23.05% | +5.32% |
| 2004 | -24.37% | +10.75% |
| 2003 | +54.20% | +24.18% |
| 2002 | -44.91% | -22.42% |
| 2001 | -11.90% | -10.13% |
| 2000 | +24.66% | -8.84% |
| 1999 | +56.76% | +8.61% |
CDNS vs SPY Drawdown Comparison
The maximum drawdown for CDNS was -91.92%, occurring on Dec 15, 2008. Recovery took 4085 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current CDNS drawdown is -2.86%.
| Rank | CDNS | SPY |
|---|---|---|
| #1 | -91.92% Jan 22, 2001 - Apr 19, 2017 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -43.75% Dec 31, 1999 - Sep 13, 2000 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -32.12% Feb 19, 2020 - Apr 24, 2020 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -29.59% Dec 27, 2021 - Aug 15, 2022 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -29.05% Jun 18, 2024 - Jul 3, 2025 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -28.85% Sep 22, 2025 - Apr 10, 2026 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -26.25% Aug 15, 2022 - Feb 14, 2023 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -21.72% Jan 26, 2018 - Jul 25, 2018 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -21.67% Sep 15, 2000 - Oct 24, 2000 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -18.83% Mar 1, 2021 - Apr 15, 2021 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -18.51% Dec 11, 2000 - Jan 9, 2001 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -17.92% Apr 15, 2021 - Jul 30, 2021 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -17.56% Jul 29, 2019 - Feb 12, 2020 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -17.20% Aug 29, 2018 - Jan 30, 2019 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -15.41% Oct 24, 2000 - Dec 8, 2000 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between CDNS and SPY is 0.96 which considered as a very strong positive correlation - the stocks move almost identically together.
0.96
-101
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