CDNS vs. APH
CDNS (Cadence Design Systems, Inc.) and APH (Amphenol Corporation) are both stocks. Both are in the Technology sector — CDNS in Software - Application, APH in Electronic Components. Over the past 10 years, CDNS returned 30.38%/yr vs 28.28%/yr for APH. Their 0.38 correlation means their historical movements had little consistent relationship.
Performance
CDNS vs. APH - Performance Comparison
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Returns By Period
In the year-to-date period, CDNS achieves a 8.78% return, which is significantly lower than APH's 19.33% return. Over the past 10 years, CDNS has outperformed APH with an annualized return of 30.38%, while APH has yielded a comparatively lower 28.28% annualized return.
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%
APH
- 1D
- 0.55%
- 1M
- -2.36%
- 6M
- 11.92%
- YTD
- 19.33%
- 1Y
- 55.11%
- 3Y*
- 54.89%
- 5Y*
- 35.99%
- 10Y*
- 28.28%
- ALL TIME*
- 22.91%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.19B | $1.10B | $1.42B | |
| $973.07M | $815.70M | $896.70M |
CDNS vs. APH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
APH Amphenol Corporation | 19.33% | 96.08% | 41.30% | 31.85% | -11.96% | 35.25% | 22.09% | 34.91% | -6.82% | 31.81% |
Correlation
The correlation between CDNS and APH is 0.28, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.28 |
Correlation (3Y) Balances recent behavior with more history. | 0.45 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.53 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.54 |
Correlation (All Time) Calculated using the full available price history since Nov 8, 1991 | 0.38 |
The correlation between CDNS and APH shifts across timeframes, from 0.28 (1 year) to 0.54 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
CDNS:
$93.78B
APH:
$197.70B
CDNS:
$5.03
APH:
$4.00
CDNS:
67.57
APH:
40.15
CDNS:
5.15
APH:
1.34
CDNS:
15.95
APH:
7.13
CDNS:
10.74
APH:
13.38
CDNS:
$5.84B
APH:
$29.01B
CDNS:
$5.34B
APH:
$11.17B
CDNS:
$1.94B
APH:
$9.37B
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Return for Risk
CDNS vs. APH — Risk / Return Rank
CDNS
APH
CDNS vs. APH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Cadence Design Systems, Inc. (CDNS) and Amphenol Corporation (APH). 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.
| CDNS | APH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.35 | ||
| Sortino ratioReturn per unit of downside risk | -1.64 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.22 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | -0.23 | 1.85 | -2.08 |
| Martin ratioReturn relative to average drawdown | -0.47 | 4.55 | -5.02 |
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Drawdowns
CDNS vs. APH - Drawdown Comparison
The maximum CDNS drawdown since its inception was -93.13%, which is greater than APH's maximum drawdown of -63.41%. Use the drawdown chart below to compare losses from any high point for CDNS and APH.
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Drawdown Indicators
| CDNS | APH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -93.13% | -63.41% | -29.72% |
Max Drawdown (1Y)Largest decline over 1 year | -28.85% | -28.19% | -0.66% |
Max Drawdown (3Y)Largest decline over 3 years | -29.05% | -28.19% | -0.86% |
Max Drawdown (5Y)Largest decline over 5 years | -29.59% | -28.73% | -0.86% |
Max Drawdown (10Y)Largest decline over 10 years | -32.12% | -37.56% | +5.44% |
Current DrawdownCurrent decline from peak | -18.34% | -8.86% | -9.48% |
Average DrawdownAverage peak-to-trough decline | -39.52% | -13.54% | -25.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.40% | 11.44% | +2.96% |
Volatility
CDNS vs. APH - Volatility Comparison
Cadence Design Systems, Inc. (CDNS) and Amphenol Corporation (APH) have volatilities of 13.74% and 13.69%, 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.
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Volatility by Period
| CDNS | APH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.74% | 13.69% | +0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 33.00% | 35.63% | -2.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 39.53% | 44.23% | -4.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.66% | 31.52% | +5.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.29% | 28.33% | +5.96% |
Dividends
CDNS vs. APH - Dividend Comparison
CDNS has not paid dividends to shareholders, while APH's dividend yield for the trailing twelve months is around 0.57%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
APH Amphenol Corporation | 0.57% | 0.55% | 0.79% | 1.07% | 1.06% | 0.89% | 0.80% | 0.89% | 1.09% | 0.80% | 0.86% | 1.01% |
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% |
Financials
CDNS vs. APH - Financials Comparison
This section allows you to compare key financial metrics between Cadence Design Systems, Inc. and Amphenol Corporation. 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
CDNS vs. APH - Profitability Comparison
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%.
APH - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Amphenol Corporation reported a gross profit of 3.55B and revenue of 8.76B. Therefore, the gross margin over that period was 40.5%.
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%.
APH - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Amphenol Corporation reported an operating income of 2.58B and revenue of 8.76B, resulting in an operating margin of 29.5%.
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%.
APH - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Amphenol Corporation reported a net income of 1.77B and revenue of 8.76B, resulting in a net margin of 20.2%.
Frequently Asked Questions
CDNS and APH have a correlation of 0.28, 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 APH (13.69%). In terms of maximum drawdown, CDNS dropped -93.13% vs APH's -63.41%.
APH currently has the higher Sharpe Ratio (1.18 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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