CDNS vs. PHSP.L
CDNS (Cadence Design Systems, Inc.) is a stock, while PHSP.L (WisdomTree Physical Silver) is Silver fund tracking the LBMA Silver Price. Over the past 10 years, CDNS returned 31.77%/yr vs 13.98%/yr for PHSP.L. At a 0.11 correlation, their price movements are largely independent.
Performance
CDNS vs. PHSP.L - Performance Comparison
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Different Trading Currencies
CDNS is traded in USD, while PHSP.L is traded in GBp. To make them comparable, the PHSP.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, CDNS achieves a 23.16% return, which is significantly higher than PHSP.L's -5.94% return. Over the past 10 years, CDNS has outperformed PHSP.L with an annualized return of 31.77%, while PHSP.L has yielded a comparatively lower 13.98% annualized return.
CDNS
- 1D
- 0.32%
- 1M
- 8.58%
- YTD
- 23.16%
- 6M
- 19.10%
- 1Y
- 25.05%
- 3Y*
- 17.22%
- 5Y*
- 24.39%
- 10Y*
- 31.77%
PHSP.L
- 1D
- 4.98%
- 1M
- -23.79%
- YTD
- -5.94%
- 6M
- 9.23%
- 1Y
- 84.71%
- 3Y*
- 40.82%
- 5Y*
- 18.64%
- 10Y*
- 13.98%
CDNS vs. PHSP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CDNS Cadence Design Systems, Inc. | 23.16% | 4.03% | 10.31% | 69.55% | -13.80% | 36.59% | 96.70% | 59.52% | 3.97% | 65.82% |
PHSP.L WisdomTree Physical Silver | -5.94% | 147.01% | 20.80% | -1.58% | 3.15% | -12.90% | 45.17% | 17.09% | -9.01% | 3.31% |
Correlation
The correlation between CDNS and PHSP.L is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.12 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2008 | 0.11 |
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Return for Risk
CDNS vs. PHSP.L — Risk / Return Rank
CDNS
PHSP.L
CDNS vs. PHSP.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Cadence Design Systems, Inc. (CDNS) and WisdomTree Physical Silver (PHSP.L). 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 | PHSP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.85 | ||
| Sortino ratioReturn per unit of downside risk | -0.76 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.29 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 0.87 | 1.92 | -1.05 |
| Martin ratioReturn relative to average drawdown | 1.84 | 4.25 | -2.41 |
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Drawdowns
CDNS vs. PHSP.L - Drawdown Comparison
The maximum CDNS drawdown since its inception was -93.13%, which is greater than PHSP.L's maximum drawdown of -77.00%. Use the drawdown chart below to compare losses from any high point for CDNS and PHSP.L.
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Drawdown Indicators
| CDNS | PHSP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -93.13% | -77.00% | -16.13% |
Max Drawdown (1Y)Largest decline over 1 year | -28.85% | -43.79% | +14.94% |
Max Drawdown (3Y)Largest decline over 3 years | -29.05% | -43.79% | +14.74% |
Max Drawdown (5Y)Largest decline over 5 years | -29.59% | -43.79% | +14.20% |
Max Drawdown (10Y)Largest decline over 10 years | -32.12% | -43.79% | +11.67% |
Current DrawdownCurrent decline from peak | -7.55% | -40.99% | +33.44% |
Average DrawdownAverage peak-to-trough decline | -39.62% | -52.73% | +13.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.63% | 19.87% | -6.24% |
Volatility
CDNS vs. PHSP.L - Volatility Comparison
Cadence Design Systems, Inc. (CDNS) has a higher volatility of 16.52% compared to WisdomTree Physical Silver (PHSP.L) at 15.36%. This indicates that CDNS's price experiences larger fluctuations and is considered to be riskier than PHSP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CDNS | PHSP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.52% | 15.36% | +1.16% |
Volatility (6M)Calculated over the trailing 6-month period | 31.73% | 53.31% | -21.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 38.94% | 56.19% | -17.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.17% | 38.04% | -1.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.12% | 32.28% | +1.84% |
Dividends
CDNS vs. PHSP.L - Dividend Comparison
Neither CDNS nor PHSP.L has paid dividends to shareholders.
Frequently Asked Questions
CDNS and PHSP.L have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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