CDNS vs. SLV
CDNS (Cadence Design Systems, Inc.) is a stock, while SLV (iShares Silver Trust) is Silver fund tracking the LBMA Silver Price. Over the past 10 years, CDNS returned 31.77%/yr vs 13.99%/yr for SLV. At a 0.14 correlation, their price movements are largely independent.
Performance
CDNS vs. SLV - 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 SLV's -4.86% return. Over the past 10 years, CDNS has outperformed SLV with an annualized return of 31.77%, while SLV has yielded a comparatively lower 13.99% 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%
SLV
- 1D
- 0.77%
- 1M
- -22.76%
- YTD
- -4.86%
- 6M
- 9.25%
- 1Y
- 85.39%
- 3Y*
- 41.27%
- 5Y*
- 18.83%
- 10Y*
- 13.99%
CDNS vs. SLV - 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% |
SLV iShares Silver Trust | -4.86% | 144.66% | 20.89% | -1.09% | 2.37% | -12.45% | 47.30% | 14.88% | -9.19% | 5.82% |
Correlation
The correlation between CDNS and SLV is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.15 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Apr 28, 2006 | 0.14 |
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Return for Risk
CDNS vs. SLV — Risk / Return Rank
CDNS
SLV
CDNS vs. SLV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Cadence Design Systems, Inc. (CDNS) and iShares Silver Trust (SLV). 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 | SLV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.79 | ||
| Sortino ratioReturn per unit of downside risk | -0.57 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.29 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 0.87 | 1.89 | -1.02 |
| Martin ratioReturn relative to average drawdown | 1.84 | 4.10 | -2.26 |
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Drawdowns
CDNS vs. SLV - Drawdown Comparison
The maximum CDNS drawdown since its inception was -93.13%, which is greater than SLV's maximum drawdown of -76.28%. Use the drawdown chart below to compare losses from any high point for CDNS and SLV.
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Drawdown Indicators
| CDNS | SLV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -93.13% | -76.28% | -16.85% |
Max Drawdown (1Y)Largest decline over 1 year | -28.85% | -45.40% | +16.55% |
Max Drawdown (3Y)Largest decline over 3 years | -29.05% | -45.40% | +16.35% |
Max Drawdown (5Y)Largest decline over 5 years | -29.59% | -45.40% | +15.81% |
Max Drawdown (10Y)Largest decline over 10 years | -32.12% | -45.40% | +13.28% |
Current DrawdownCurrent decline from peak | -7.55% | -41.96% | +34.41% |
Average DrawdownAverage peak-to-trough decline | -39.62% | -44.66% | +5.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.63% | 20.88% | -7.25% |
Volatility
CDNS vs. SLV - Volatility Comparison
Cadence Design Systems, Inc. (CDNS) and iShares Silver Trust (SLV) have volatilities of 16.52% and 16.34%, 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 | SLV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.52% | 16.34% | +0.18% |
Volatility (6M)Calculated over the trailing 6-month period | 31.73% | 59.10% | -27.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 38.94% | 59.82% | -20.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.17% | 36.46% | -0.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.12% | 32.00% | +2.12% |
Dividends
CDNS vs. SLV - Dividend Comparison
Neither CDNS nor SLV has paid dividends to shareholders.
Frequently Asked Questions
CDNS and SLV have a correlation of 0.12, 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 SLV (16.34%). In terms of maximum drawdown, CDNS dropped -93.13% vs SLV's -76.28%.
SLV currently has the higher Sharpe Ratio (1.44 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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