APPN vs. SNPS
APPN (Appian Corporation) and SNPS (Synopsys, Inc.) are both stocks. Both operate in the Software - Infrastructure industry within the Technology sector. Over the past 5 years, APPN returned -31.47%/yr vs 11.01%/yr for SNPS. At a 0.44 correlation, their price movements are largely independent.
Performance
APPN vs. SNPS - Performance Comparison
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Returns By Period
In the year-to-date period, APPN achieves a -42.09% return, which is significantly lower than SNPS's -1.75% return.
APPN
- 1D
- 3.22%
- 1M
- -4.02%
- YTD
- -42.09%
- 6M
- -43.87%
- 1Y
- -26.98%
- 3Y*
- -24.31%
- 5Y*
- -31.47%
- 10Y*
- —
SNPS
- 1D
- -0.66%
- 1M
- -12.05%
- YTD
- -1.75%
- 6M
- -2.94%
- 1Y
- -2.01%
- 3Y*
- 3.23%
- 5Y*
- 11.01%
- 10Y*
- 24.38%
APPN vs. SNPS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
APPN Appian Corporation | -42.09% | 7.40% | -12.43% | 15.66% | -50.07% | -59.77% | 324.21% | 43.06% | -15.15% | 109.87% |
SNPS Synopsys, Inc. | -1.75% | -3.22% | -5.74% | 61.27% | -13.35% | 42.15% | 86.24% | 65.24% | -1.17% | 16.72% |
Correlation
The correlation between APPN and SNPS is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.35 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.45 |
Correlation (All Time) Calculated using the full available price history since May 25, 2017 | 0.44 |
Over the past year, the correlation between APPN and SNPS has dropped to 0.21 - well below their long-term average of 0.44, suggesting their price drivers have been diverging.
Fundamentals
APPN:
$1.51B
SNPS:
$88.41B
APPN:
$0.01
SNPS:
$4.57
APPN:
1.72K
SNPS:
101.02
APPN:
1.99
SNPS:
8.99
APPN:
$762.69M
SNPS:
$8.68B
APPN:
$563.17M
SNPS:
$6.38B
APPN:
$32.83M
SNPS:
$2.22B
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Return for Risk
APPN vs. SNPS — Risk / Return Rank
APPN
SNPS
APPN vs. SNPS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Appian Corporation (APPN) and Synopsys, Inc. (SNPS). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| APPN | SNPS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.41 | ||
| Sortino ratioReturn per unit of downside risk | -0.73 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.06 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | -0.46 | -0.05 | -0.41 |
| Martin ratioReturn relative to average drawdown | -0.83 | -0.08 | -0.75 |
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Drawdowns
APPN vs. SNPS - Drawdown Comparison
The maximum APPN drawdown since its inception was -92.04%, which is greater than SNPS's maximum drawdown of -60.95%. Use the drawdown chart below to compare losses from any high point for APPN and SNPS.
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Drawdown Indicators
| APPN | SNPS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -92.04% | -60.95% | -31.09% |
Max Drawdown (1Y)Largest decline over 1 year | -58.98% | -41.04% | -17.94% |
Max Drawdown (3Y)Largest decline over 3 years | -64.03% | -41.04% | -22.99% |
Max Drawdown (5Y)Largest decline over 5 years | -87.45% | -41.04% | -46.41% |
Max Drawdown (10Y)Largest decline over 10 years | — | -41.04% | — |
Current DrawdownCurrent decline from peak | -91.28% | -28.49% | -62.79% |
Average DrawdownAverage peak-to-trough decline | -54.52% | -20.29% | -34.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 32.57% | 26.55% | +6.02% |
Volatility
APPN vs. SNPS - Volatility Comparison
Appian Corporation (APPN) has a higher volatility of 24.41% compared to Synopsys, Inc. (SNPS) at 14.17%. This indicates that APPN's price experiences larger fluctuations and is considered to be riskier than SNPS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| APPN | SNPS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 24.41% | 14.17% | +10.24% |
Volatility (6M)Calculated over the trailing 6-month period | 41.87% | 30.59% | +11.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 60.42% | 56.68% | +3.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 61.28% | 40.85% | +20.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 65.99% | 35.10% | +30.89% |
Dividends
APPN vs. SNPS - Dividend Comparison
Neither APPN nor SNPS has paid dividends to shareholders.
Financials
APPN vs. SNPS - Financials Comparison
This section allows you to compare key financial metrics between Appian Corporation and Synopsys, Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
APPN vs. SNPS - Profitability Comparison
APPN - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Appian Corporation reported a gross profit of 147.77M and revenue of 202.18M. Therefore, the gross margin over that period was 73.1%.
SNPS - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Synopsys, Inc. reported a gross profit of 1.65B and revenue of 2.28B. Therefore, the gross margin over that period was 72.3%.
APPN - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Appian Corporation reported an operating income of 3.16M and revenue of 202.18M, resulting in an operating margin of 1.6%.
SNPS - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Synopsys, Inc. reported an operating income of 120.43M and revenue of 2.28B, resulting in an operating margin of 5.3%.
APPN - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Appian Corporation reported a net income of -1.53M and revenue of 202.18M, resulting in a net margin of -0.8%.
SNPS - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Synopsys, Inc. reported a net income of 16.87M and revenue of 2.28B, resulting in a net margin of 0.7%.
Frequently Asked Questions
APPN and SNPS have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
APPN has higher volatility (24.41%) compared to SNPS (14.17%). In terms of maximum drawdown, APPN dropped -92.04% vs SNPS's -60.95%.
SNPS currently has the higher Sharpe Ratio (-0.04 vs -0.45), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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