CDNS vs. ANSS
Compare and contrast key facts about Cadence Design Systems, Inc. (CDNS) and ANSYS, Inc. (ANSS).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CDNS or ANSS.
Correlation
The correlation between CDNS and ANSS is 0.43, 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.
Performance
CDNS vs. ANSS - Performance Comparison
Key characteristics
CDNS:
-0.41
ANSS:
-0.36
CDNS:
-0.36
ANSS:
-0.38
CDNS:
0.96
ANSS:
0.95
CDNS:
-0.53
ANSS:
-0.27
CDNS:
-1.09
ANSS:
-1.07
CDNS:
13.83%
ANSS:
7.18%
CDNS:
36.87%
ANSS:
21.17%
CDNS:
-93.13%
ANSS:
-63.28%
CDNS:
-18.85%
ANSS:
-21.96%
Fundamentals
CDNS:
$72.68B
ANSS:
$28.13B
CDNS:
$3.86
ANSS:
$6.54
CDNS:
68.64
ANSS:
49.07
CDNS:
2.72
ANSS:
1.92
CDNS:
$3.63B
ANSS:
$2.08B
CDNS:
$3.37B
ANSS:
$1.86B
CDNS:
$1.28B
ANSS:
$814.00M
Returns By Period
In the year-to-date period, CDNS achieves a -11.82% return, which is significantly lower than ANSS's -4.87% return. Over the past 10 years, CDNS has outperformed ANSS with an annualized return of 30.57%, while ANSS has yielded a comparatively lower 13.97% annualized return.
CDNS
-11.82%
9.60%
-0.78%
-13.52%
33.04%
30.57%
ANSS
-4.87%
-1.39%
1.09%
-7.19%
8.04%
13.97%
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Risk-Adjusted Performance
CDNS vs. ANSS — Risk-Adjusted Performance Rank
CDNS
ANSS
CDNS vs. ANSS - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Cadence Design Systems, Inc. (CDNS) and ANSYS, Inc. (ANSS). 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. ANSS - Dividend Comparison
Neither CDNS nor ANSS has paid dividends to shareholders.
Drawdowns
CDNS vs. ANSS - Drawdown Comparison
The maximum CDNS drawdown since its inception was -93.13%, which is greater than ANSS's maximum drawdown of -63.28%. Use the drawdown chart below to compare losses from any high point for CDNS and ANSS. For additional features, visit the drawdowns tool.
Volatility
CDNS vs. ANSS - Volatility Comparison
Cadence Design Systems, Inc. (CDNS) has a higher volatility of 8.11% compared to ANSYS, Inc. (ANSS) at 4.31%. This indicates that CDNS's price experiences larger fluctuations and is considered to be riskier than ANSS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Financials
CDNS vs. ANSS - Financials Comparison
This section allows you to compare key financial metrics between Cadence Design Systems, Inc. and ANSYS, 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