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ANSS vs. CDNS

Last updated May 27, 2023

Compare and contrast key facts about ANSYS, Inc. (ANSS) and Cadence Design Systems, Inc. (CDNS).

Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ANSS or CDNS.

Key characteristics


ANSSCDNS
YTD Return32.21%42.14%
1Y Return26.27%53.58%
5Y Return (Ann)14.51%40.18%
10Y Return (Ann)15.63%31.46%
Sharpe Ratio0.801.65
Daily Std Dev36.29%34.82%
Max Drawdown-63.41%-93.13%

Fundamentals


ANSSCDNS
Market Cap$27.68B$62.26B
EPS$6.49$3.46
PE Ratio49.2165.99
PEG Ratio3.862.07
Revenue (TTM)$2.15B$3.68B
Gross Profit (TTM)$1.88B$3.19B
EBITDA (TTM)$767.13M$1.22B

Correlation

0.41
-1.001.00

The correlation between ANSS and CDNS is 0.41, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

ANSS vs. CDNS - Performance Comparison

In the year-to-date period, ANSS achieves a 32.21% return, which is significantly lower than CDNS's 42.14% return. Over the past 10 years, ANSS has underperformed CDNS with an annualized return of 15.63%, while CDNS has yielded a comparatively higher 31.46% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


0.00%2,000.00%4,000.00%6,000.00%8,000.00%10,000.00%12,000.00%December2023FebruaryMarchAprilMay
10,658.56%
1,063.46%
ANSS
CDNS

Compare stocks, funds, or ETFs


ANSYS, Inc.

Cadence Design Systems, Inc.

ANSS vs. CDNS - Dividend Comparison

Neither ANSS nor CDNS has paid dividends to shareholders.


Tickers have no history of dividend payments

ANSS vs. CDNS - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for ANSYS, Inc. (ANSS) and Cadence Design Systems, Inc. (CDNS). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.


Sharpe ratioSortino ratioOmega ratioCalmar ratioUlcer Index
ANSS
ANSYS, Inc.
0.80
CDNS
Cadence Design Systems, Inc.
1.65

ANSS vs. CDNS - Sharpe Ratio Comparison

The current ANSS Sharpe Ratio is 0.80, which is lower than the CDNS Sharpe Ratio of 1.65. The chart below compares the 12-month rolling Sharpe Ratio of ANSS and CDNS.


-1.00-0.500.000.501.001.50December2023FebruaryMarchAprilMay
0.80
1.65
ANSS
CDNS

ANSS vs. CDNS - Drawdown Comparison

The maximum ANSS drawdown for the period was -43.67%, lower than the maximum CDNS drawdown of -18.79%. The drawdown chart below compares losses from any high point along the way for ANSS and CDNS


-40.00%-30.00%-20.00%-10.00%0.00%December2023FebruaryMarchAprilMay
-22.33%
0
ANSS
CDNS

ANSS vs. CDNS - Volatility Comparison

The current volatility for ANSYS, Inc. (ANSS) is 7.19%, while Cadence Design Systems, Inc. (CDNS) has a volatility of 12.93%. This indicates that ANSS experiences smaller price fluctuations and is considered to be less risky than CDNS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


4.00%6.00%8.00%10.00%12.00%14.00%December2023FebruaryMarchAprilMay
7.19%
12.93%
ANSS
CDNS