CDNS vs. NEXI.MI

Last updated Jun 9, 2026

CDNS (Cadence Design Systems, Inc.) and NEXI.MI (Nexi S.p.A) are both stocks. Both are in the Technology sector — CDNS in Software - Application, NEXI.MI in Software - Infrastructure. Over the past 5 years, CDNS returned 25.79%/yr vs -25.95%/yr for NEXI.MI. At a 0.24 correlation, their price movements are largely independent.

Performance

CDNS vs. NEXI.MI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Cadence Design Systems, Inc. (CDNS) and Nexi S.p.A (NEXI.MI). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

CDNS is traded in USD, while NEXI.MI is traded in EUR. To make them comparable, the NEXI.MI values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, CDNS achieves a 26.12% return, which is significantly higher than NEXI.MI's -14.07% 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%

NEXI.MI

• 1D: -0.19%
• 1M: -13.15%
• YTD: -14.07%
• 6M: -8.35%
• 1Y: -29.30%
• 3Y*: -17.17%
• 5Y*: -25.95%
• 10Y*: —

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

CDNS vs. NEXI.MI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
CDNS Cadence Design Systems, Inc.	26.12%	4.03%	10.31%	69.55%	-13.80%	36.59%	96.70%	7.20%
NEXI.MI Nexi S.p.A	-14.07%	-6.74%	-31.77%	3.72%	-50.25%	-21.14%	44.88%	45.62%

Correlation

The correlation between CDNS and NEXI.MI is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.20
Correlation (3Y) Calculated over the trailing 3-year period	0.15
Correlation (5Y) Calculated over the trailing 5-year period	0.24
Correlation (All Time) Calculated using the full available price history since Apr 17, 2019	0.24

Return for Risk

CDNS vs. NEXI.MI — Risk / Return Rank

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

CDNS

CDNS Risk / Return Rank: 65
CDNS Sharpe Ratio Rank: 69
CDNS Sortino Ratio Rank: 65
CDNS Omega Ratio Rank: 64
CDNS Calmar Ratio Rank: 65
CDNS Martin Ratio Rank: 64

NEXI.MI

NEXI.MI Risk / Return Rank: 14
NEXI.MI Sharpe Ratio Rank: 8
NEXI.MI Sortino Ratio Rank: 11
NEXI.MI Omega Ratio Rank: 10
NEXI.MI Calmar Ratio Rank: 20
NEXI.MI Martin Ratio Rank: 18

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. NEXI.MI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Cadence Design Systems, Inc. (CDNS) and Nexi S.p.A (NEXI.MI). 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	NEXI.MI	Difference
Sharpe ratio: Return per unit of total volatility	0.85	-0.79	+1.63
Sortino ratio: Return per unit of downside risk	1.42	-0.93	+2.35
Omega ratio: Gain probability vs. loss probability	1.18	0.87	+0.31
Calmar ratio: Return relative to maximum drawdown	1.14	-0.58	+1.72
Martin ratio: Return relative to average drawdown	2.42	-1.07	+3.48
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. NEXI.MI - Sharpe Ratio Comparison

The current CDNS Sharpe Ratio is 0.85, which is higher than the NEXI.MI Sharpe Ratio of -0.79. The chart below compares the historical Sharpe Ratios of CDNS and NEXI.MI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	CDNS	NEXI.MI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.85	-0.79	+1.63
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.72	-0.68	+1.40
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	-0.26	+0.50

Drawdowns

CDNS vs. NEXI.MI - Drawdown Comparison

The maximum CDNS drawdown since its inception was -93.13%, which is greater than NEXI.MI's maximum drawdown of -85.30%. Use the drawdown chart below to compare losses from any high point for CDNS and NEXI.MI.

Drawdown Indicators

	CDNS	NEXI.MI	Difference
Max Drawdown Largest peak-to-trough decline	-93.13%	-85.30%	-7.83%
Max Drawdown (1Y) Largest decline over 1 year	-28.85%	-51.12%	+22.27%
Max Drawdown (3Y) Largest decline over 3 years	-29.05%	-61.16%	+32.11%
Max Drawdown (5Y) Largest decline over 5 years	-29.59%	-85.30%	+55.71%
Max Drawdown (10Y) Largest decline over 10 years	-32.12%	—	—
Current Drawdown Current decline from peak	-5.32%	-80.46%	+75.14%
Average Drawdown Average peak-to-trough decline	-39.64%	-45.63%	+5.99%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.60%	27.68%	-14.08%

Volatility

CDNS vs. NEXI.MI - Volatility Comparison

Cadence Design Systems, Inc. (CDNS) has a higher volatility of 16.58% compared to Nexi S.p.A (NEXI.MI) at 11.41%. This indicates that CDNS's price experiences larger fluctuations and is considered to be riskier than NEXI.MI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CDNS	NEXI.MI	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.58%	11.41%	+5.17%
Volatility (6M) Calculated over the trailing 6-month period	31.69%	31.00%	+0.69%
Volatility (1Y) Calculated over the trailing 1-year period	39.02%	37.43%	+1.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	36.20%	37.80%	-1.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	34.13%	38.99%	-4.86%

Dividends

CDNS vs. NEXI.MI - Dividend Comparison

CDNS has not paid dividends to shareholders, while NEXI.MI's dividend yield for the trailing twelve months is around 8.90%.

Position	TTM	2025
CDNS Cadence Design Systems, Inc.	0.00%	0.00%
NEXI.MI Nexi S.p.A	8.90%	5.92%

Financials

Frequently Asked Questions

Can I hold both CDNS and NEXI.MI in my portfolio?

CDNS and NEXI.MI have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.