CDNS vs. MCHP
Compare and contrast key facts about Cadence Design Systems, Inc. (CDNS) and Microchip Technology Incorporated (MCHP).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CDNS or MCHP.
Correlation
The correlation between CDNS and MCHP is 0.54, 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. MCHP - Performance Comparison
Key characteristics
CDNS:
0.07
MCHP:
-0.77
CDNS:
0.39
MCHP:
-1.04
CDNS:
1.05
MCHP:
0.86
CDNS:
0.10
MCHP:
-0.69
CDNS:
0.19
MCHP:
-1.38
CDNS:
14.54%
MCHP:
31.97%
CDNS:
41.29%
MCHP:
56.97%
CDNS:
-93.13%
MCHP:
-63.77%
CDNS:
-11.29%
MCHP:
-51.93%
Fundamentals
CDNS:
$77.30B
MCHP:
$25.34B
CDNS:
$3.85
MCHP:
$0.57
CDNS:
73.19
MCHP:
82.67
CDNS:
2.80
MCHP:
5.70
CDNS:
16.65
MCHP:
5.33
CDNS:
15.58
MCHP:
4.20
CDNS:
$3.63B
MCHP:
$3.43B
CDNS:
$3.37B
MCHP:
$1.84B
CDNS:
$1.28B
MCHP:
$956.20M
Returns By Period
In the year-to-date period, CDNS achieves a -3.60% return, which is significantly higher than MCHP's -17.63% return. Over the past 10 years, CDNS has outperformed MCHP with an annualized return of 31.11%, while MCHP has yielded a comparatively lower 9.05% annualized return.
CDNS
-3.60%
9.95%
12.57%
4.53%
29.26%
31.11%
MCHP
-17.63%
-10.12%
-37.65%
-47.89%
4.54%
9.05%
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Risk-Adjusted Performance
CDNS vs. MCHP — Risk-Adjusted Performance Rank
CDNS
MCHP
CDNS vs. MCHP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Cadence Design Systems, Inc. (CDNS) and Microchip Technology Incorporated (MCHP). 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. MCHP - Dividend Comparison
CDNS has not paid dividends to shareholders, while MCHP's dividend yield for the trailing twelve months is around 3.87%.
| 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% |
MCHP Microchip Technology Incorporated | 3.87% | 3.16% | 1.76% | 1.65% | 0.98% | 1.07% | 1.40% | 2.02% | 1.65% | 2.24% | 3.07% | 3.15% |
Drawdowns
CDNS vs. MCHP - Drawdown Comparison
The maximum CDNS drawdown since its inception was -93.13%, which is greater than MCHP's maximum drawdown of -63.77%. Use the drawdown chart below to compare losses from any high point for CDNS and MCHP. For additional features, visit the drawdowns tool.
Volatility
CDNS vs. MCHP - Volatility Comparison
The current volatility for Cadence Design Systems, Inc. (CDNS) is 19.67%, while Microchip Technology Incorporated (MCHP) has a volatility of 40.10%. This indicates that CDNS experiences smaller price fluctuations and is considered to be less risky than MCHP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Financials
CDNS vs. MCHP - Financials Comparison
This section allows you to compare key financial metrics between Cadence Design Systems, Inc. and Microchip Technology Incorporated. 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