CDNS vs. QUBT
CDNS (Cadence Design Systems, Inc.) and QUBT (Quantum Computing, Inc.) are both stocks. Both are in the Technology sector — CDNS in Software - Application, QUBT in Computer Hardware. Over the past 5 years, CDNS returned 24.39%/yr vs 9.88%/yr for QUBT. At a 0.19 correlation, their price movements are largely independent.
Performance
CDNS vs. QUBT - Performance Comparison
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Returns By Period
In the year-to-date period, CDNS achieves a 23.16% return, which is significantly higher than QUBT's -3.22% return.
CDNS
- 1D
- 0.32%
- 1M
- 10.86%
- YTD
- 23.16%
- 6M
- 19.10%
- 1Y
- 28.32%
- 3Y*
- 17.22%
- 5Y*
- 24.39%
- 10Y*
- 31.77%
QUBT
- 1D
- 0.20%
- 1M
- -5.47%
- YTD
- -3.22%
- 6M
- -17.59%
- 1Y
- -40.47%
- 3Y*
- 77.69%
- 5Y*
- 9.88%
- 10Y*
- —
CDNS vs. QUBT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
CDNS Cadence Design Systems, Inc. | 23.16% | 4.03% | 10.31% | 69.55% | -13.80% | 36.59% | 96.70% | 59.52% | -1.38% |
QUBT Quantum Computing, Inc. | -3.22% | -38.01% | 1,712.51% | -39.53% | -55.72% | -75.83% | 370.33% | 0.00% | -42.31% |
Correlation
The correlation between CDNS and QUBT is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since Aug 1, 2018 | 0.19 |
The correlation between CDNS and QUBT shifts across timeframes, from 0.19 (all time) to 0.30 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
CDNS:
$105.37B
QUBT:
$2.22B
CDNS:
$4.28
QUBT:
-$0.21
CDNS:
19.03
QUBT:
428.61
CDNS:
12.08
QUBT:
1.39
CDNS:
$5.53B
QUBT:
$4.33M
CDNS:
$4.91B
QUBT:
-$667.00K
CDNS:
$1.87B
QUBT:
-$52.52M
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Return for Risk
CDNS vs. QUBT — Risk / Return Rank
CDNS
QUBT
CDNS vs. QUBT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Cadence Design Systems, Inc. (CDNS) and Quantum Computing, Inc. (QUBT). 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 | QUBT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.07 | ||
| Sortino ratioReturn per unit of downside risk | +1.26 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 0.99 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 0.87 | -0.58 | +1.46 |
| Martin ratioReturn relative to average drawdown | 1.84 | -0.89 | +2.73 |
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Drawdowns
CDNS vs. QUBT - Drawdown Comparison
The maximum CDNS drawdown since its inception was -93.13%, roughly equal to the maximum QUBT drawdown of -97.53%. Use the drawdown chart below to compare losses from any high point for CDNS and QUBT.
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Drawdown Indicators
| CDNS | QUBT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -93.13% | -97.53% | +4.40% |
Max Drawdown (1Y)Largest decline over 1 year | -28.85% | -74.37% | +45.52% |
Max Drawdown (3Y)Largest decline over 3 years | -29.05% | -82.40% | +53.35% |
Max Drawdown (5Y)Largest decline over 5 years | -29.59% | -95.63% | +66.04% |
Max Drawdown (10Y)Largest decline over 10 years | -32.12% | — | — |
Current DrawdownCurrent decline from peak | -7.55% | -61.33% | +53.78% |
Average DrawdownAverage peak-to-trough decline | -39.62% | -72.90% | +33.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.63% | 48.67% | -35.04% |
Volatility
CDNS vs. QUBT - Volatility Comparison
The current volatility for Cadence Design Systems, Inc. (CDNS) is 16.52%, while Quantum Computing, Inc. (QUBT) has a volatility of 33.55%. This indicates that CDNS experiences smaller price fluctuations and is considered to be less risky than QUBT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CDNS | QUBT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.52% | 33.55% | -17.03% |
Volatility (6M)Calculated over the trailing 6-month period | 31.73% | 67.37% | -35.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 38.94% | 103.81% | -64.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.17% | 133.05% | -96.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.12% | 177.48% | -143.36% |
Dividends
CDNS vs. QUBT - Dividend Comparison
Neither CDNS nor QUBT has paid dividends to shareholders.
Financials
CDNS vs. QUBT - Financials Comparison
This section allows you to compare key financial metrics between Cadence Design Systems, Inc. and Quantum Computing, Inc.. 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
Frequently Asked Questions
CDNS and QUBT have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QUBT has higher volatility (33.55%) compared to CDNS (16.52%). In terms of maximum drawdown, CDNS dropped -93.13% vs QUBT's -97.53%.
CDNS currently has the higher Sharpe Ratio (0.65 vs -0.42), 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.
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