AVNW vs. CDNS
AVNW (Aviat Networks, Inc.) and CDNS (Cadence Design Systems, Inc.) are both stocks. Both are in the Technology sector — AVNW in Communication Equipment, CDNS in Software - Application. Over the past 10 years, AVNW returned 18.21%/yr vs 30.38%/yr for CDNS. Their 0.30 correlation means their historical movements had little consistent relationship.
Performance
AVNW vs. CDNS - Performance Comparison
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Returns By Period
In the year-to-date period, AVNW achieves a -4.21% return, which is significantly lower than CDNS's 8.78% return. Over the past 10 years, AVNW has underperformed CDNS with an annualized return of 18.21%, while CDNS has yielded a comparatively higher 30.38% annualized return.
AVNW
- 1D
- -2.24%
- 1M
- -3.26%
- 6M
- -6.10%
- YTD
- -4.21%
- 1Y
- -1.82%
- 3Y*
- -13.11%
- 5Y*
- -11.29%
- 10Y*
- 18.21%
- ALL TIME*
- -8.34%
CDNS
- 1D
- 2.16%
- 1M
- -8.88%
- 6M
- 14.73%
- YTD
- 8.78%
- 1Y
- -4.75%
- 3Y*
- 13.32%
- 5Y*
- 18.16%
- 10Y*
- 30.38%
- ALL TIME*
- 10.71%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $3.04M | $2.54M | $3.52M | |
| $973.07M | $815.70M | $896.70M |
AVNW vs. CDNS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AVNW Aviat Networks, Inc. | -4.21% | 18.06% | -44.55% | 4.71% | -2.77% | 87.88% | 143.06% | 6.04% | -12.66% | 9.69% |
CDNS Cadence Design Systems, Inc. | 8.78% | 4.03% | 10.31% | 69.55% | -13.80% | 36.59% | 96.70% | 59.52% | 3.97% | 65.82% |
Correlation
The correlation between AVNW and CDNS is 0.38, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.38 |
Correlation (3Y) Balances recent behavior with more history. | 0.31 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.37 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.28 |
Correlation (All Time) Calculated using the full available price history since Jan 29, 2007 | 0.30 |
Fundamentals
AVNW:
$265.00M
CDNS:
$93.78B
AVNW:
$0.70
CDNS:
$5.03
AVNW:
29.47
CDNS:
67.57
AVNW:
0.61
CDNS:
15.95
AVNW:
0.97
CDNS:
10.74
AVNW:
$434.14M
CDNS:
$5.84B
AVNW:
$140.51M
CDNS:
$5.34B
AVNW:
$27.72M
CDNS:
$1.94B
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Return for Risk
AVNW vs. CDNS — Risk / Return Rank
AVNW
CDNS
AVNW vs. CDNS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Aviat Networks, Inc. (AVNW) 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.
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.
| AVNW | CDNS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.08 | ||
| Sortino ratioReturn per unit of downside risk | +0.28 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.00 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | -0.12 | -0.23 | +0.11 |
| Martin ratioReturn relative to average drawdown | -0.28 | -0.47 | +0.18 |
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Drawdowns
AVNW vs. CDNS - Drawdown Comparison
The maximum AVNW drawdown since its inception was -97.67%, roughly equal to the maximum CDNS drawdown of -93.13%. Use the drawdown chart below to compare losses from any high point for AVNW and CDNS.
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Drawdown Indicators
| AVNW | CDNS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.67% | -93.13% | -4.54% |
Max Drawdown (1Y)Largest decline over 1 year | -43.57% | -28.85% | -14.72% |
Max Drawdown (3Y)Largest decline over 3 years | -64.27% | -29.05% | -35.22% |
Max Drawdown (5Y)Largest decline over 5 years | -65.40% | -29.59% | -35.81% |
Max Drawdown (10Y)Largest decline over 10 years | -68.58% | -32.12% | -36.46% |
Current DrawdownCurrent decline from peak | -84.56% | -18.34% | -66.22% |
Average DrawdownAverage peak-to-trough decline | -81.25% | -39.52% | -41.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.24% | 14.40% | +3.84% |
Volatility
AVNW vs. CDNS - Volatility Comparison
The current volatility for Aviat Networks, Inc. (AVNW) is 12.20%, while Cadence Design Systems, Inc. (CDNS) has a volatility of 13.74%. This indicates that AVNW 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.
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Volatility by Period
| AVNW | CDNS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.20% | 13.74% | -1.54% |
Volatility (6M)Calculated over the trailing 6-month period | 55.77% | 33.00% | +22.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 59.65% | 39.53% | +20.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 51.92% | 36.66% | +15.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 55.06% | 34.29% | +20.77% |
Dividends
AVNW vs. CDNS - Dividend Comparison
Neither AVNW nor CDNS has paid dividends to shareholders.
Financials
AVNW vs. CDNS - Financials Comparison
This section allows you to compare key financial metrics between Aviat Networks, Inc. and Cadence Design Systems, 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
AVNW vs. CDNS - Profitability Comparison
AVNW - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Aviat Networks, Inc. reported a gross profit of 29.28M and revenue of 100.00M. Therefore, the gross margin over that period was 29.3%.
CDNS - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Cadence Design Systems, Inc. reported a gross profit of 1.52B and revenue of 1.58B. Therefore, the gross margin over that period was 96.0%.
AVNW - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Aviat Networks, Inc. reported an operating income of 939.00K and revenue of 100.00M, resulting in an operating margin of 0.9%.
CDNS - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Cadence Design Systems, Inc. reported an operating income of 450.32M and revenue of 1.58B, resulting in an operating margin of 28.4%.
AVNW - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Aviat Networks, Inc. reported a net income of -2.07M and revenue of 100.00M, resulting in a net margin of -2.1%.
CDNS - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Cadence Design Systems, Inc. reported a net income of 367.08M and revenue of 1.58B, resulting in a net margin of 23.2%.
Frequently Asked Questions
AVNW and CDNS have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CDNS has higher volatility (13.74%) compared to AVNW (12.20%). In terms of maximum drawdown, AVNW dropped -97.67% vs CDNS's -93.13%.
AVNW currently has the higher Sharpe Ratio (-0.09 vs -0.17), 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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