CDNS vs. MPWR

Last updated Apr 1, 2026

Compare and contrast key facts about Cadence Design Systems, Inc. (CDNS) and Monolithic Power Systems, Inc. (MPWR).

Performance

CDNS vs. MPWR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Cadence Design Systems, Inc. (CDNS) and Monolithic Power Systems, Inc. (MPWR). The values are adjusted to include any dividend payments, if applicable.

CDNS vs. MPWR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CDNS Cadence Design Systems, Inc.	-11.10%	4.03%	10.31%	69.55%	-13.80%	36.59%	96.70%	59.52%	3.97%	65.82%
MPWR Monolithic Power Systems, Inc.	20.87%	54.45%	-5.55%	79.78%	-27.78%	35.49%	107.49%	54.80%	4.49%	38.23%

Fundamentals

Market Cap CDNS : $75.84B MPWR : $53.76B
EPS CDNS : $4.06 MPWR : $12.72
PE Ratio CDNS : 68.49 MPWR : 85.93
PEG Ratio CDNS : 5.22 MPWR : 1.08
PS Ratio CDNS : 14.34 MPWR : 18.97
PB Ratio CDNS : 10.67 MPWR : 14.45
Total Revenue (TTM) CDNS : $5.30B MPWR : $2.79B
Gross Profit (TTM) CDNS : $5.09B MPWR : $1.54B
EBITDA (TTM) CDNS : $1.74B MPWR : $777.30M

Returns By Period

In the year-to-date period, CDNS achieves a -11.10% return, which is significantly lower than MPWR's 20.87% return. Over the past 10 years, CDNS has underperformed MPWR with an annualized return of 27.94%, while MPWR has yielded a comparatively higher 33.84% annualized return.

CDNS

• 1D: 2.58%
• 1M: -7.81%
• YTD: -11.10%
• 6M: -20.89%
• 1Y: 9.26%
• 3Y*: 9.77%
• 5Y*: 14.45%
• 10Y*: 27.94%

MPWR

• 1D: 9.30%
• 1M: -4.13%
• YTD: 20.87%
• 6M: 19.20%
• 1Y: 89.95%
• 3Y*: 30.74%
• 5Y*: 25.27%
• 10Y*: 33.84%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

CDNS vs. MPWR — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CDNS

CDNS Risk / Return Rank: 49
CDNS Sharpe Ratio Rank: 51
CDNS Sortino Ratio Rank: 47
CDNS Omega Ratio Rank: 46
CDNS Calmar Ratio Rank: 50
CDNS Martin Ratio Rank: 50

MPWR

MPWR Risk / Return Rank: 87
MPWR Sharpe Ratio Rank: 87
MPWR Sortino Ratio Rank: 84
MPWR Omega Ratio Rank: 84
MPWR Calmar Ratio Rank: 91
MPWR Martin Ratio Rank: 89

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CDNS vs. MPWR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Cadence Design Systems, Inc. (CDNS) and Monolithic Power Systems, Inc. (MPWR). 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	MPWR	Difference
Sharpe ratio Return per unit of total volatility	0.23	1.61	-1.38
Sortino ratio Return per unit of downside risk	0.63	2.28	-1.65
Omega ratio Gain probability vs. loss probability	1.08	1.31	-0.23
Calmar ratio Return relative to maximum drawdown	0.29	3.95	-3.65
Martin ratio Return relative to average drawdown	0.65	10.08	-9.42
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CDNS vs. MPWR - Sharpe Ratio Comparison

The current CDNS Sharpe Ratio is 0.23, which is lower than the MPWR Sharpe Ratio of 1.61. The chart below compares the historical Sharpe Ratios of CDNS and MPWR, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	CDNS	MPWR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.23	1.61	-1.38
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.41	0.48	-0.07
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.84	0.73	+0.11
Sharpe Ratio (All Time) Calculated using the full available price history	0.22	0.54	-0.32

Correlation

The correlation between CDNS and MPWR is 0.51, 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.

Dividends

CDNS vs. MPWR - Dividend Comparison

CDNS has not paid dividends to shareholders, while MPWR's dividend yield for the trailing twelve months is around 0.61%.

	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%
MPWR Monolithic Power Systems, Inc.	0.61%	0.69%	0.85%	0.63%	0.85%	0.49%	0.55%	0.90%	1.03%	0.71%	0.98%	1.26%

Drawdowns

CDNS vs. MPWR - Drawdown Comparison

The maximum CDNS drawdown since its inception was -93.13%, which is greater than MPWR's maximum drawdown of -72.27%. Use the drawdown chart below to compare losses from any high point for CDNS and MPWR.

Drawdown Indicators

	CDNS	MPWR	Difference
Max Drawdown Largest peak-to-trough decline	-93.13%	-72.27%	-20.86%
Max Drawdown (1Y) Largest decline over 1 year	-28.09%	-22.93%	-5.16%
Max Drawdown (5Y) Largest decline over 5 years	-29.59%	-51.65%	+22.06%
Max Drawdown (10Y) Largest decline over 10 years	-32.12%	-51.65%	+19.53%
Current Drawdown Current decline from peak	-25.58%	-11.07%	-14.51%
Average Drawdown Average peak-to-trough decline	-39.79%	-17.84%	-21.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.61%	8.98%	+3.63%

Volatility

CDNS vs. MPWR - Volatility Comparison

The current volatility for Cadence Design Systems, Inc. (CDNS) is 7.46%, while Monolithic Power Systems, Inc. (MPWR) has a volatility of 16.61%. This indicates that CDNS experiences smaller price fluctuations and is considered to be less risky than MPWR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CDNS	MPWR	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.46%	16.61%	-9.15%
Volatility (6M) Calculated over the trailing 6-month period	25.41%	34.32%	-8.91%
Volatility (1Y) Calculated over the trailing 1-year period	39.60%	56.06%	-16.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	35.27%	52.63%	-17.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.43%	46.56%	-13.13%

Financials