CDNS vs. SPM.MI
CDNS (Cadence Design Systems, Inc.) and SPM.MI (Saipem SpA) are both stocks. CDNS operates in Software - Application (Technology), while SPM.MI operates in Oil & Gas Equipment & Services (Energy). Over the past 10 years, CDNS returned 31.77%/yr vs -4.56%/yr for SPM.MI. At a 0.19 correlation, their price movements are largely independent.
Performance
CDNS vs. SPM.MI - Performance Comparison
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Different Trading Currencies
CDNS is traded in USD, while SPM.MI is traded in EUR. To make them comparable, the SPM.MI 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 lower than SPM.MI's 99.31% return. Over the past 10 years, CDNS has outperformed SPM.MI with an annualized return of 31.77%, while SPM.MI has yielded a comparatively lower -4.56% 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%
SPM.MI
- 1D
- 0.75%
- 1M
- 5.39%
- YTD
- 99.31%
- 6M
- 107.14%
- 1Y
- 103.87%
- 3Y*
- 63.89%
- 5Y*
- -1.89%
- 10Y*
- -4.56%
CDNS vs. SPM.MI - 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% |
SPM.MI Saipem SpA | 99.31% | 17.74% | 60.98% | 34.20% | -76.94% | -22.88% | -44.44% | 30.48% | -18.17% | -18.83% |
Correlation
The correlation between CDNS and SPM.MI 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 | 0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.10 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Jun 1, 2007 | 0.19 |
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Return for Risk
CDNS vs. SPM.MI — Risk / Return Rank
CDNS
SPM.MI
CDNS vs. SPM.MI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Cadence Design Systems, Inc. (CDNS) and Saipem SpA (SPM.MI). 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 | SPM.MI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.56 | ||
| Sortino ratioReturn per unit of downside risk | -2.55 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.47 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | 0.87 | 6.57 | -5.70 |
| Martin ratioReturn relative to average drawdown | 1.84 | 16.45 | -14.60 |
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Drawdowns
CDNS vs. SPM.MI - Drawdown Comparison
The maximum CDNS drawdown since its inception was -93.13%, smaller than the maximum SPM.MI drawdown of -99.68%. Use the drawdown chart below to compare losses from any high point for CDNS and SPM.MI.
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Drawdown Indicators
| CDNS | SPM.MI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -93.13% | -99.68% | +6.55% |
Max Drawdown (1Y)Largest decline over 1 year | -28.85% | -15.80% | -13.05% |
Max Drawdown (3Y)Largest decline over 3 years | -29.05% | -37.94% | +8.89% |
Max Drawdown (5Y)Largest decline over 5 years | -29.59% | -91.64% | +62.05% |
Max Drawdown (10Y)Largest decline over 10 years | -32.12% | -96.37% | +64.25% |
Current DrawdownCurrent decline from peak | -7.55% | -96.60% | +89.05% |
Average DrawdownAverage peak-to-trough decline | -39.62% | -70.53% | +30.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.63% | 6.32% | +7.31% |
Volatility
CDNS vs. SPM.MI - Volatility Comparison
Cadence Design Systems, Inc. (CDNS) has a higher volatility of 16.52% compared to Saipem SpA (SPM.MI) at 10.37%. This indicates that CDNS's price experiences larger fluctuations and is considered to be riskier than SPM.MI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CDNS | SPM.MI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.52% | 10.37% | +6.15% |
Volatility (6M)Calculated over the trailing 6-month period | 31.73% | 25.74% | +5.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 38.94% | 32.46% | +6.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.17% | 70.27% | -34.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.12% | 58.04% | -23.92% |
Dividends
CDNS vs. SPM.MI - Dividend Comparison
CDNS has not paid dividends to shareholders, while SPM.MI's dividend yield for the trailing twelve months is around 3.60%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
CDNS Cadence Design Systems, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPM.MI Saipem SpA | 3.60% | 7.02% | 0.00% | 0.00% | 0.00% | 0.00% | 0.05% |
Financials
CDNS vs. SPM.MI - Financials Comparison
This section allows you to compare key financial metrics between Cadence Design Systems, Inc. and Saipem SpA. 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 SPM.MI 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.
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