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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 +17.6% compared to +13.3%

CDNS vs SPY - Performance Comparison

Key Characteristics

Financial metrics and valuation ratios

Market Cap / Net Assets
CDNS
$92B
Winner
SPY
$781B
Expense Ratio
CDNS
N/A
SPY
0.09%
Max Drawdown
CDNS
91.92%
Winner
SPY
56.47%
Sharpe Ratio
CDNS
-0.06
Winner
SPY
1.42
5Y Beta
CDNS
1.43
Winner
SPY
1.00
Industry
CDNS
Software - Application
SPY
N/A
P/E Ratio
CDNS
86.68
Winner
SPY
26.48
Forward P/E
CDNS
42.55
Winner
SPY
20.90
PEG Ratio
CDNS
10.24
Winner
SPY
0.30
5Y Dividends CAGR
CDNS
N/A
SPY
6.00%
5Y EPS CAGR
CDNS
21.45%
Winner
SPY
26.40%
Debt to Equity
Winner
CDNS
0.00%
SPY
48.17%
Free Cash Flow Yield
CDNS
1.56%
SPY
N/A
P/S Ratio
CDNS
15.90
Winner
SPY
3.72
P/B Ratio
CDNS
13.68
Winner
SPY
5.55

CDNS vs SPY - Historical Returns

Returns include dividend reinvestment.

1M
CDNS
-8.58%
Winner
SPY
+3.42%
3M
CDNS
-4.95%
Winner
SPY
+5.97%
6M
Winner
CDNS
+19.65%
SPY
+12.56%
1Y
CDNS
-4.26%
Winner
SPY
+23.65%
5Y(CAGR)
Winner
CDNS
+17.55%
SPY
+13.33%
10Y(CAGR)
Winner
CDNS
+29.97%
SPY
+15.34%
Max(CAGR)
Winner
CDNS
+12.27%
SPY
+8.61%

CDNS vs SPY - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

YearCDNSSPY
2026+9.29%+13.79%
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 -18.53%.

RankCDNSSPY
#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 - May 22, 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
#10-21.65%
Jun 2, 2026 - Jul 24, 2026		-9.30%
Jan 19, 2000 - Mar 17, 2000
#11-18.83%
Mar 1, 2021 - Apr 15, 2021		-9.05%
Jul 19, 2007 - Oct 5, 2007
#12-18.51%
Dec 11, 2000 - Jan 9, 2001		-8.88%
Jan 27, 2026 - Apr 14, 2026
#13-17.92%
Apr 15, 2021 - Jul 30, 2021		-8.41%
Jul 16, 2024 - Sep 19, 2024
#14-17.56%
Jul 29, 2019 - Feb 12, 2020		-7.35%
Sep 14, 2012 - Jan 2, 2013
#15-17.20%
Aug 29, 2018 - Jan 30, 2019		-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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