CDNS vs. ORCL

Last updated Jun 23, 2026

CDNS (Cadence Design Systems, Inc.) and ORCL (Oracle Corporation) are both stocks. Both are in the Technology sector — CDNS in Software - Application, ORCL in Software - Infrastructure. Over the past 10 years, CDNS returned 32.24%/yr vs 17.88%/yr for ORCL. At a 0.40 correlation, their price movements are largely independent.

Performance

CDNS vs. ORCL - Performance Comparison

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

Returns By Period

In the year-to-date period, CDNS achieves a 24.46% return, which is significantly higher than ORCL's -9.63% return. Over the past 10 years, CDNS has outperformed ORCL with an annualized return of 32.24%, while ORCL has yielded a comparatively lower 17.88% annualized return.

CDNS

• 1D: 0.43%
• 1M: 4.14%
• YTD: 24.46%
• 6M: 22.51%
• 1Y: 31.70%
• 3Y*: 19.97%
• 5Y*: 23.94%
• 10Y*: 32.24%

ORCL

• 1D: -5.00%
• 1M: -8.86%
• YTD: -9.63%
• 6M: -11.21%
• 1Y: -13.81%
• 3Y*: 15.20%
• 5Y*: 19.12%
• 10Y*: 17.88%

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

CDNS vs. ORCL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CDNS Cadence Design Systems, Inc.	24.46%	4.03%	10.31%	69.55%	-13.80%	36.59%	96.70%	59.52%	3.97%	65.82%
ORCL Oracle Corporation	-9.63%	18.13%	59.99%	30.94%	-4.65%	36.89%	24.25%	19.34%	-2.97%	24.94%

Correlation

The correlation between CDNS and ORCL is 0.54, 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	0.54
Correlation (3Y) Calculated over the trailing 3-year period	0.58
Correlation (5Y) Calculated over the trailing 5-year period	0.56
Correlation (10Y) Calculated over the trailing 10-year period	0.53
Correlation (All Time) Calculated using the full available price history since Mar 26, 1990	0.40

The correlation between CDNS and ORCL shifts across timeframes, from 0.40 (all time) to 0.58 (3 years), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap CDNS : $106.49B ORCL : $510.33B
EPS CDNS : $4.28 ORCL : $5.86
PE Ratio CDNS : 90.81 ORCL : 29.87
PEG Ratio CDNS : 6.92 ORCL : 1.22
PS Ratio CDNS : 19.23 ORCL : 7.58
PB Ratio CDNS : 12.21 ORCL : 11.85
Total Revenue (TTM) CDNS : $5.53B ORCL : $67.36B
Gross Profit (TTM) CDNS : $4.91B ORCL : $79.58B
EBITDA (TTM) CDNS : $1.87B ORCL : $6.20B

Return for Risk

CDNS vs. ORCL — 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: 68
CDNS Sortino Ratio Rank: 64
CDNS Omega Ratio Rank: 63
CDNS Calmar Ratio Rank: 64
CDNS Martin Ratio Rank: 64

ORCL

ORCL Risk / Return Rank: 34
ORCL Sharpe Ratio Rank: 33
ORCL Sortino Ratio Rank: 34
ORCL Omega Ratio Rank: 34
ORCL Calmar Ratio Rank: 34
ORCL Martin Ratio Rank: 36

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. ORCL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Cadence Design Systems, Inc. (CDNS) and Oracle Corporation (ORCL). 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	ORCL	Difference
Sharpe ratio: Return per unit of total volatility	0.82	-0.22	+1.03
Sortino ratio: Return per unit of downside risk	1.39	0.12	+1.27
Omega ratio: Gain probability vs. loss probability	1.18	1.01	+0.16
Calmar ratio: Return relative to maximum drawdown	1.10	-0.24	+1.34
Martin ratio: Return relative to average drawdown	2.33	-0.39	+2.71

CDNS vs. ORCL - Sharpe Ratio Comparison

The current CDNS Sharpe Ratio is 0.82, which is higher than the ORCL Sharpe Ratio of -0.22. The chart below compares the historical Sharpe Ratios of CDNS and ORCL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

CDNS vs. ORCL - Drawdown Comparison

The maximum CDNS drawdown since its inception was -93.13%, which is greater than ORCL's maximum drawdown of -84.19%. Use the drawdown chart below to compare losses from any high point for CDNS and ORCL.

Drawdown Indicators

	CDNS	ORCL	Difference
Max Drawdown Largest peak-to-trough decline	-93.13%	-84.19%	-8.94%
Max Drawdown (1Y) Largest decline over 1 year	-28.85%	-58.25%	+29.40%
Max Drawdown (3Y) Largest decline over 3 years	-29.05%	-58.25%	+29.20%
Max Drawdown (5Y) Largest decline over 5 years	-29.59%	-58.25%	+28.66%
Max Drawdown (10Y) Largest decline over 10 years	-32.12%	-58.25%	+26.13%
Current Drawdown Current decline from peak	-6.57%	-46.26%	+39.69%
Average Drawdown Average peak-to-trough decline	-39.60%	-29.11%	-10.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.65%	35.93%	-22.28%

Volatility

CDNS vs. ORCL - Volatility Comparison

The current volatility for Cadence Design Systems, Inc. (CDNS) is 16.06%, while Oracle Corporation (ORCL) has a volatility of 23.74%. This indicates that CDNS experiences smaller price fluctuations and is considered to be less risky than ORCL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CDNS	ORCL	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.06%	23.74%	-7.68%
Volatility (6M) Calculated over the trailing 6-month period	31.51%	41.85%	-10.34%
Volatility (1Y) Calculated over the trailing 1-year period	39.03%	64.57%	-25.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	36.20%	42.23%	-6.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	34.14%	35.21%	-1.07%

Dividends

CDNS vs. ORCL - Dividend Comparison

CDNS has not paid dividends to shareholders, while ORCL's dividend yield for the trailing twelve months is around 1.14%.

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%
ORCL Oracle Corporation	1.14%	0.97%	0.96%	1.44%	1.57%	1.38%	1.48%	1.72%	1.68%	1.52%	1.56%	1.56%

Financials

Frequently Asked Questions

Can I hold both CDNS and ORCL in my portfolio?

CDNS and ORCL have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CDNS or ORCL?

ORCL has higher volatility (23.74%) compared to CDNS (16.06%). In terms of maximum drawdown, CDNS dropped -93.13% vs ORCL's -84.19%.

Which has better risk-adjusted returns?

CDNS currently has the higher Sharpe Ratio (0.82 vs -0.22), 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.