CDNS vs. HDV
CDNS (Cadence Design Systems, Inc.) is a stock, while HDV (iShares Core High Dividend ETF) is Dividend fund tracking the Morningstar Dividend Yield Focus Index. Over the past 10 years, CDNS returned 30.38%/yr vs 9.66%/yr for HDV. Their 0.35 correlation means their historical movements had little consistent relationship.
Performance
CDNS vs. HDV - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, CDNS achieves a 8.78% return, which is significantly lower than HDV's 20.03% return. Over the past 10 years, CDNS has outperformed HDV with an annualized return of 30.38%, while HDV has yielded a comparatively lower 9.66% 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%
HDV
- 1D
- 0.03%
- 1M
- 2.79%
- 6M
- 10.43%
- YTD
- 20.03%
- 1Y
- 25.63%
- 3Y*
- 15.43%
- 5Y*
- 12.05%
- 10Y*
- 9.66%
- ALL TIME*
- 10.83%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $973.07M | $815.70M | $896.70M | |
| $196.84M | $160.55M | $106.56M |
CDNS vs. HDV - 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% |
HDV iShares Core High Dividend ETF | 20.03% | 11.90% | 14.16% | 1.72% | 7.05% | 19.45% | -6.48% | 20.22% | -3.01% | 13.40% |
Correlation
The correlation between CDNS and HDV is -0.12, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.12 |
Correlation (3Y) Balances recent behavior with more history. | 0.03 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.19 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.28 |
Correlation (All Time) Calculated using the full available price history since Mar 31, 2011 | 0.35 |
The correlation between CDNS and HDV shifts across timeframes, from -0.12 (1 year) to 0.35 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
CDNS vs. HDV — Risk / Return Rank
CDNS
HDV
CDNS vs. HDV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Cadence Design Systems, Inc. (CDNS) and iShares Core High Dividend ETF (HDV). 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 | HDV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.56 | ||
| Sortino ratioReturn per unit of downside risk | -3.56 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.42 | -0.42 |
| Calmar ratioReturn relative to maximum drawdown | -0.23 | 4.98 | -5.21 |
| Martin ratioReturn relative to average drawdown | -0.47 | 13.63 | -14.10 |
Loading charts...
Drawdowns
CDNS vs. HDV - Drawdown Comparison
The maximum CDNS drawdown since its inception was -93.13%, which is greater than HDV's maximum drawdown of -37.04%. Use the drawdown chart below to compare losses from any high point for CDNS and HDV.
Loading charts...
Drawdown Indicators
| CDNS | HDV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -93.13% | -37.04% | -56.09% |
Max Drawdown (1Y)Largest decline over 1 year | -28.85% | -5.18% | -23.67% |
Max Drawdown (3Y)Largest decline over 3 years | -29.05% | -10.49% | -18.56% |
Max Drawdown (5Y)Largest decline over 5 years | -29.59% | -15.42% | -14.17% |
Max Drawdown (10Y)Largest decline over 10 years | -32.12% | -37.04% | +4.92% |
Current DrawdownCurrent decline from peak | -18.34% | -1.41% | -16.93% |
Average DrawdownAverage peak-to-trough decline | -39.52% | -3.06% | -36.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.40% | 1.89% | +12.51% |
Volatility
CDNS vs. HDV - Volatility Comparison
Cadence Design Systems, Inc. (CDNS) has a higher volatility of 13.74% compared to iShares Core High Dividend ETF (HDV) at 4.98%. This indicates that CDNS's price experiences larger fluctuations and is considered to be riskier than HDV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| CDNS | HDV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.74% | 4.98% | +8.76% |
Volatility (6M)Calculated over the trailing 6-month period | 33.00% | 8.72% | +24.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 39.53% | 10.85% | +28.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.66% | 12.95% | +23.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.29% | 15.78% | +18.51% |
Dividends
CDNS vs. HDV - Dividend Comparison
CDNS has not paid dividends to shareholders, while HDV's dividend yield for the trailing twelve months is around 3.07%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
HDV iShares Core High Dividend ETF | 3.07% | 3.22% | 3.67% | 3.82% | 3.56% | 3.47% | 4.07% | 3.27% | 3.67% | 3.27% | 3.28% | 3.92% |
Frequently Asked Questions
CDNS and HDV have a correlation of -0.12, 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 HDV (4.98%). In terms of maximum drawdown, CDNS dropped -93.13% vs HDV's -37.04%.
HDV currently has the higher Sharpe Ratio (2.39 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.
Find the right allocation for CDNS and HDV
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer