ANSS vs. CDNS
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
| ANSS | CDNS | |
|---|---|---|
| YTD Return | 32.21% | 42.14% |
| 1Y Return | 26.27% | 53.58% |
| 5Y Return (Ann) | 14.51% | 40.18% |
| 10Y Return (Ann) | 15.63% | 31.46% |
| Sharpe Ratio | 0.80 | 1.65 |
| Daily Std Dev | 36.29% | 34.82% |
| Max Drawdown | -63.41% | -93.13% |
Fundamentals
| ANSS | CDNS | |
|---|---|---|
| Market Cap | $27.68B | $62.26B |
| EPS | $6.49 | $3.46 |
| PE Ratio | 49.21 | 65.99 |
| PEG Ratio | 3.86 | 2.07 |
| Revenue (TTM) | $2.15B | $3.68B |
| Gross Profit (TTM) | $1.88B | $3.19B |
| EBITDA (TTM) | $767.13M | $1.22B |
Correlation
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.
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ANSS vs. CDNS - Dividend Comparison
Neither ANSS nor CDNS has paid dividends to shareholders.
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 ratio | Sortino ratio | Omega ratio | Calmar ratio | Ulcer Index | |
|---|---|---|---|---|---|
ANSS ANSYS, Inc. | 0.80 | ||||
CDNS Cadence Design Systems, Inc. | 1.65 |
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
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.