CDNS vs. RISR
CDNS (Cadence Design Systems, Inc.) is a stock, while RISR (FolioBeyond Alternative Income and Interest Rate Hedge ETF) is Nontraditional Bonds fund actively managed by FolioBeyond. Over the past 3 years, CDNS returned 17.22%/yr vs 10.98%/yr for RISR. At a correlation of -0.09, they often move in opposite directions.
Performance
CDNS vs. RISR - 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 RISR's 3.07% 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%
RISR
- 1D
- -0.18%
- 1M
- -0.33%
- YTD
- 3.07%
- 6M
- 3.20%
- 1Y
- 5.26%
- 3Y*
- 10.98%
- 5Y*
- —
- 10Y*
- —
CDNS vs. RISR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
CDNS Cadence Design Systems, Inc. | 23.16% | 4.03% | 10.31% | 69.55% | -13.80% | 23.05% |
RISR FolioBeyond Alternative Income and Interest Rate Hedge ETF | 3.07% | 4.63% | 24.20% | 7.02% | 31.98% | -0.04% |
Correlation
The correlation between CDNS and RISR is -0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.12 |
Correlation (All Time) Calculated using the full available price history since Oct 1, 2021 | -0.09 |
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Return for Risk
CDNS vs. RISR — Risk / Return Rank
CDNS
RISR
CDNS vs. RISR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Cadence Design Systems, Inc. (CDNS) and FolioBeyond Alternative Income and Interest Rate Hedge ETF (RISR). 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 | RISR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.23 | ||
| Sortino ratioReturn per unit of downside risk | -0.09 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.15 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.87 | 1.83 | -0.95 |
| Martin ratioReturn relative to average drawdown | 1.84 | 4.33 | -2.48 |
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Drawdowns
CDNS vs. RISR - Drawdown Comparison
The maximum CDNS drawdown since its inception was -93.13%, which is greater than RISR's maximum drawdown of -14.31%. Use the drawdown chart below to compare losses from any high point for CDNS and RISR.
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Drawdown Indicators
| CDNS | RISR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -93.13% | -14.31% | -78.82% |
Max Drawdown (1Y)Largest decline over 1 year | -28.85% | -2.61% | -26.24% |
Max Drawdown (3Y)Largest decline over 3 years | -29.05% | -8.07% | -20.98% |
Max Drawdown (5Y)Largest decline over 5 years | -29.59% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -32.12% | — | — |
Current DrawdownCurrent decline from peak | -7.55% | -0.44% | -7.11% |
Average DrawdownAverage peak-to-trough decline | -39.62% | -2.17% | -37.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.63% | 1.10% | +12.53% |
Volatility
CDNS vs. RISR - Volatility Comparison
Cadence Design Systems, Inc. (CDNS) has a higher volatility of 16.52% compared to FolioBeyond Alternative Income and Interest Rate Hedge ETF (RISR) at 1.30%. This indicates that CDNS's price experiences larger fluctuations and is considered to be riskier than RISR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CDNS | RISR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.52% | 1.30% | +15.22% |
Volatility (6M)Calculated over the trailing 6-month period | 31.73% | 3.98% | +27.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 38.94% | 5.45% | +33.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.17% | 11.82% | +24.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.12% | 11.82% | +22.30% |
Dividends
CDNS vs. RISR - Dividend Comparison
CDNS has not paid dividends to shareholders, while RISR's dividend yield for the trailing twelve months is around 5.91%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
CDNS Cadence Design Systems, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
RISR FolioBeyond Alternative Income and Interest Rate Hedge ETF | 5.91% | 5.95% | 5.67% | 7.96% | 4.26% | 0.30% |
Frequently Asked Questions
CDNS and RISR have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CDNS has higher volatility (16.52%) compared to RISR (1.30%). In terms of maximum drawdown, CDNS dropped -93.13% vs RISR's -14.31%.
RISR currently has the higher Sharpe Ratio (0.87 vs 0.65), 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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