CDNS vs. JFLI
CDNS (Cadence Design Systems, Inc.) is a stock, while JFLI (JPMorgan Flexible Income ETF) is Global Allocation fund actively managed by JPMorgan. Over the past year, CDNS returned 32.76% vs 18.61% for JFLI. A 0.57 correlation means they provide meaningful diversification when combined.
Performance
CDNS vs. JFLI - Performance Comparison
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Returns By Period
In the year-to-date period, CDNS achieves a 26.12% return, which is significantly higher than JFLI's 7.84% return.
CDNS
- 1D
- 4.80%
- 1M
- 8.70%
- YTD
- 26.12%
- 6M
- 16.88%
- 1Y
- 32.76%
- 3Y*
- 19.80%
- 5Y*
- 25.79%
- 10Y*
- 31.92%
JFLI
- 1D
- 0.43%
- 1M
- 0.27%
- YTD
- 7.84%
- 6M
- 7.85%
- 1Y
- 18.61%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CDNS vs. JFLI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CDNS Cadence Design Systems, Inc. | 26.12% | 5.54% |
JFLI JPMorgan Flexible Income ETF | 7.84% | 9.49% |
Correlation
The correlation between CDNS and JFLI is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since Feb 14, 2025 | 0.57 |
The correlation between CDNS and JFLI has been stable across timeframes, ranging from 0.51 to 0.57 - a consistent structural relationship.
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Return for Risk
CDNS vs. JFLI — Risk / Return Rank
CDNS
JFLI
CDNS vs. JFLI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Cadence Design Systems, Inc. (CDNS) and JPMorgan Flexible Income ETF (JFLI). 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.
| CDNS | JFLI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.30 | ||
| Sortino ratioReturn per unit of downside risk | -1.53 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.41 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 1.14 | 2.80 | -1.66 |
| Martin ratioReturn relative to average drawdown | 2.42 | 13.38 | -10.96 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CDNS | JFLI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.85 | 2.14 | -1.30 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.72 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.94 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.24 | 1.13 | -0.89 |
Drawdowns
CDNS vs. JFLI - Drawdown Comparison
The maximum CDNS drawdown since its inception was -93.13%, which is greater than JFLI's maximum drawdown of -12.87%. Use the drawdown chart below to compare losses from any high point for CDNS and JFLI.
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Drawdown Indicators
| CDNS | JFLI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -93.13% | -12.87% | -80.26% |
Max Drawdown (1Y)Largest decline over 1 year | -28.85% | -6.67% | -22.18% |
Max Drawdown (3Y)Largest decline over 3 years | -29.05% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -29.59% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -32.12% | — | — |
Current DrawdownCurrent decline from peak | -5.32% | -2.19% | -3.13% |
Average DrawdownAverage peak-to-trough decline | -39.64% | -1.44% | -38.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.60% | 1.39% | +12.21% |
Volatility
CDNS vs. JFLI - Volatility Comparison
Cadence Design Systems, Inc. (CDNS) has a higher volatility of 16.58% compared to JPMorgan Flexible Income ETF (JFLI) at 3.23%. This indicates that CDNS's price experiences larger fluctuations and is considered to be riskier than JFLI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CDNS | JFLI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.58% | 3.23% | +13.35% |
Volatility (6M)Calculated over the trailing 6-month period | 31.69% | 7.35% | +24.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 39.02% | 8.74% | +30.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.20% | 12.03% | +24.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.13% | 12.03% | +22.10% |
Dividends
CDNS vs. JFLI - Dividend Comparison
CDNS has not paid dividends to shareholders, while JFLI's dividend yield for the trailing twelve months is around 7.33%.
| Position | TTM | 2025 |
|---|---|---|
CDNS Cadence Design Systems, Inc. | 0.00% | 0.00% |
JFLI JPMorgan Flexible Income ETF | 7.33% | 6.81% |
Frequently Asked Questions
CDNS and JFLI have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CDNS has higher volatility (16.58%) compared to JFLI (3.23%). In terms of maximum drawdown, CDNS dropped -93.13% vs JFLI's -12.87%.
JFLI currently has the higher Sharpe Ratio (2.14 vs 0.85), 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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