CDNS vs. AAPL
Compare and contrast key facts about Cadence Design Systems, Inc. (CDNS) and Apple Inc (AAPL).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CDNS or AAPL.
Correlation
The correlation between CDNS and AAPL is 0.35, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
CDNS vs. AAPL - Performance Comparison
Key characteristics
CDNS:
0.32
AAPL:
1.15
CDNS:
0.71
AAPL:
1.72
CDNS:
1.09
AAPL:
1.22
CDNS:
0.45
AAPL:
1.60
CDNS:
0.94
AAPL:
4.06
CDNS:
11.65%
AAPL:
6.53%
CDNS:
34.61%
AAPL:
22.99%
CDNS:
-93.13%
AAPL:
-81.80%
CDNS:
-6.40%
AAPL:
-11.21%
Fundamentals
CDNS:
$83.81B
AAPL:
$3.46T
CDNS:
$3.80
AAPL:
$6.07
CDNS:
80.42
AAPL:
37.89
CDNS:
3.16
AAPL:
2.08
CDNS:
$3.29B
AAPL:
$271.46B
CDNS:
$2.96B
AAPL:
$125.83B
CDNS:
$1.12B
AAPL:
$91.44B
Returns By Period
In the year-to-date period, CDNS achieves a 1.71% return, which is significantly higher than AAPL's -8.16% return. Over the past 10 years, CDNS has outperformed AAPL with an annualized return of 32.71%, while AAPL has yielded a comparatively lower 25.30% annualized return.
CDNS
1.71%
1.45%
9.16%
9.53%
32.98%
32.71%
AAPL
-8.16%
-7.28%
2.76%
22.52%
24.45%
25.30%
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Risk-Adjusted Performance
CDNS vs. AAPL — Risk-Adjusted Performance Rank
CDNS
AAPL
CDNS vs. AAPL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Cadence Design Systems, Inc. (CDNS) and Apple Inc (AAPL). 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.
Dividends
CDNS vs. AAPL - Dividend Comparison
CDNS has not paid dividends to shareholders, while AAPL's dividend yield for the trailing twelve months is around 0.43%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CDNS Cadence Design Systems, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
AAPL Apple Inc | 0.43% | 0.40% | 0.49% | 0.70% | 0.49% | 0.61% | 1.04% | 1.79% | 1.45% | 1.93% | 1.93% | 1.67% |
Drawdowns
CDNS vs. AAPL - Drawdown Comparison
The maximum CDNS drawdown since its inception was -93.13%, which is greater than AAPL's maximum drawdown of -81.80%. Use the drawdown chart below to compare losses from any high point for CDNS and AAPL. For additional features, visit the drawdowns tool.
Volatility
CDNS vs. AAPL - Volatility Comparison
Cadence Design Systems, Inc. (CDNS) and Apple Inc (AAPL) have volatilities of 6.92% and 7.18%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
Financials
CDNS vs. AAPL - Financials Comparison
This section allows you to compare key financial metrics between Cadence Design Systems, Inc. and Apple 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