CDNS vs. S
CDNS (Cadence Design Systems, Inc.) and S (SentinelOne, Inc.) are both stocks. Both are in the Technology sector — CDNS in Software - Application, S in Software - Infrastructure. Over the past 3 years, CDNS returned 19.80%/yr vs 2.68%/yr for S. A 0.53 correlation means they provide meaningful diversification when combined.
Performance
CDNS vs. S - Performance Comparison
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Returns By Period
In the year-to-date period, CDNS achieves a 26.12% return, which is significantly higher than S's 5.00% 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%
S
- 1D
- -1.25%
- 1M
- -5.06%
- YTD
- 5.00%
- 6M
- 5.85%
- 1Y
- -14.22%
- 3Y*
- 2.68%
- 5Y*
- —
- 10Y*
- —
CDNS vs. S - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
CDNS Cadence Design Systems, Inc. | 26.12% | 4.03% | 10.31% | 69.55% | -13.80% | 36.20% |
S SentinelOne, Inc. | 5.00% | -32.43% | -19.10% | 88.07% | -71.10% | 18.80% |
Correlation
The correlation between CDNS and S is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since Jul 1, 2021 | 0.53 |
The correlation between CDNS and S has been stable across timeframes, ranging from 0.46 to 0.53 - a consistent structural relationship.
Fundamentals
CDNS:
$107.91B
S:
$5.31B
CDNS:
$4.28
S:
-$0.95
CDNS:
19.49
S:
5.01
CDNS:
12.37
S:
3.69
CDNS:
$5.53B
S:
$1.05B
CDNS:
$4.91B
S:
$776.52M
CDNS:
$1.87B
S:
-$279.24M
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Return for Risk
CDNS vs. S — Risk / Return Rank
CDNS
S
CDNS vs. S - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Cadence Design Systems, Inc. (CDNS) and SentinelOne, Inc. (S). 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 | S | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.15 | ||
| Sortino ratioReturn per unit of downside risk | +1.54 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 0.99 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 1.14 | -0.36 | +1.50 |
| Martin ratioReturn relative to average drawdown | 2.42 | -0.69 | +3.10 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CDNS | S | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.85 | -0.30 | +1.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.72 | — | — |
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 | -0.29 | +0.53 |
Drawdowns
CDNS vs. S - Drawdown Comparison
The maximum CDNS drawdown since its inception was -93.13%, which is greater than S's maximum drawdown of -84.35%. Use the drawdown chart below to compare losses from any high point for CDNS and S.
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Drawdown Indicators
| CDNS | S | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -93.13% | -84.35% | -8.78% |
Max Drawdown (1Y)Largest decline over 1 year | -28.85% | -39.64% | +10.79% |
Max Drawdown (3Y)Largest decline over 3 years | -29.05% | -60.20% | +31.15% |
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 | -5.32% | -79.36% | +74.04% |
Average DrawdownAverage peak-to-trough decline | -39.64% | -66.27% | +26.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.60% | 20.77% | -7.17% |
Volatility
CDNS vs. S - Volatility Comparison
Cadence Design Systems, Inc. (CDNS) and SentinelOne, Inc. (S) have volatilities of 16.58% and 17.13%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CDNS | S | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.58% | 17.13% | -0.55% |
Volatility (6M)Calculated over the trailing 6-month period | 31.69% | 38.52% | -6.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 39.02% | 47.56% | -8.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.20% | 63.79% | -27.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.13% | 63.79% | -29.66% |
Dividends
CDNS vs. S - Dividend Comparison
Neither CDNS nor S has paid dividends to shareholders.
Financials
CDNS vs. S - Financials Comparison
This section allows you to compare key financial metrics between Cadence Design Systems, Inc. and SentinelOne, 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
CDNS vs. S - Profitability Comparison
CDNS - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Cadence Design Systems, Inc. reported a gross profit of 1.41B and revenue of 1.47B. Therefore, the gross margin over that period was 95.9%.
S - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, SentinelOne, Inc. reported a gross profit of 198.69M and revenue of 276.66M. Therefore, the gross margin over that period was 71.8%.
CDNS - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Cadence Design Systems, Inc. reported an operating income of 431.33M and revenue of 1.47B, resulting in an operating margin of 29.3%.
S - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, SentinelOne, Inc. reported an operating income of -79.72M and revenue of 276.66M, resulting in an operating margin of -28.8%.
CDNS - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Cadence Design Systems, Inc. reported a net income of 335.66M and revenue of 1.47B, resulting in a net margin of 22.8%.
S - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, SentinelOne, Inc. reported a net income of -76.16M and revenue of 276.66M, resulting in a net margin of -27.5%.
Frequently Asked Questions
CDNS and S have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
S has higher volatility (17.13%) compared to CDNS (16.58%). In terms of maximum drawdown, CDNS dropped -93.13% vs S's -84.35%.
CDNS currently has the higher Sharpe Ratio (0.85 vs -0.30), 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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