DAR vs. CDNS
DAR (Darling Ingredients Inc.) and CDNS (Cadence Design Systems, Inc.) are both stocks. DAR operates in Packaged Foods (Consumer Defensive), while CDNS operates in Software - Application (Technology). Over the past 10 years, DAR returned 14.96%/yr vs 30.01%/yr for CDNS. Their 0.21 correlation means their historical movements had little consistent relationship.
Performance
DAR vs. CDNS - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, DAR achieves a 67.08% return, which is significantly higher than CDNS's 8.97% return. Over the past 10 years, DAR has underperformed CDNS with an annualized return of 14.96%, while CDNS has yielded a comparatively higher 30.01% annualized return.
DAR
- 1D
- 0.65%
- 1M
- 6.40%
- 6M
- 25.68%
- YTD
- 67.08%
- 1Y
- 90.41%
- 3Y*
- -4.08%
- 5Y*
- -2.91%
- 10Y*
- 14.96%
- ALL TIME*
- 8.61%
CDNS
- 1D
- 1.33%
- 1M
- -8.72%
- 6M
- 26.86%
- YTD
- 8.97%
- 1Y
- -6.65%
- 3Y*
- 14.15%
- 5Y*
- 17.55%
- 10Y*
- 30.01%
- ALL TIME*
- 10.71%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $940.13M | $802.27M | $889.06M | |
| $146.81M | $134.51M | $136.67M |
DAR vs. CDNS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DAR Darling Ingredients Inc. | 67.08% | 6.86% | -32.40% | -20.37% | -9.67% | 20.13% | 105.41% | 45.95% | 6.12% | 40.43% |
CDNS Cadence Design Systems, Inc. | 8.97% | 4.03% | 10.31% | 69.55% | -13.80% | 36.59% | 96.70% | 59.52% | 3.97% | 65.82% |
Correlation
The correlation between DAR and CDNS is 0.03, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.03 |
Correlation (3Y) Balances recent behavior with more history. | 0.09 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.20 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.25 |
Correlation (All Time) Calculated using the full available price history since Sep 22, 1994 | 0.21 |
The correlation between DAR and CDNS shifts across timeframes, from 0.03 (1 year) to 0.25 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
DAR:
$9.56B
CDNS:
$93.80B
DAR:
$4.97
CDNS:
$5.03
DAR:
12.11
CDNS:
67.69
DAR:
1.10
CDNS:
15.98
DAR:
$6.56B
CDNS:
$5.84B
DAR:
$559.59M
CDNS:
$5.34B
DAR:
$1.27B
CDNS:
$1.94B
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
DAR vs. CDNS — Risk / Return Rank
DAR
CDNS
DAR vs. CDNS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Darling Ingredients Inc. (DAR) and Cadence Design Systems, Inc. (CDNS). 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.
| DAR | CDNS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.67 | ||
| Sortino ratioReturn per unit of downside risk | +3.33 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.00 | +0.40 |
| Calmar ratioReturn relative to maximum drawdown | 4.78 | -0.23 | +5.01 |
| Martin ratioReturn relative to average drawdown | 12.01 | -0.46 | +12.47 |
Loading charts...
Drawdowns
DAR vs. CDNS - Drawdown Comparison
The maximum DAR drawdown since its inception was -97.89%, which is greater than CDNS's maximum drawdown of -93.13%. Use the drawdown chart below to compare losses from any high point for DAR and CDNS.
Loading charts...
Drawdown Indicators
| DAR | CDNS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.89% | -93.13% | -4.76% |
Max Drawdown (1Y)Largest decline over 1 year | -19.03% | -28.85% | +9.82% |
Max Drawdown (3Y)Largest decline over 3 years | -59.59% | -29.05% | -30.54% |
Max Drawdown (5Y)Largest decline over 5 years | -68.31% | -29.59% | -38.72% |
Max Drawdown (10Y)Largest decline over 10 years | -68.31% | -32.12% | -36.19% |
Current DrawdownCurrent decline from peak | -31.00% | -18.20% | -12.80% |
Average DrawdownAverage peak-to-trough decline | -41.09% | -39.52% | -1.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.56% | 14.50% | -6.94% |
Volatility
DAR vs. CDNS - Volatility Comparison
The current volatility for Darling Ingredients Inc. (DAR) is 9.92%, while Cadence Design Systems, Inc. (CDNS) has a volatility of 13.81%. This indicates that DAR experiences smaller price fluctuations and is considered to be less risky than CDNS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| DAR | CDNS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.92% | 13.81% | -3.89% |
Volatility (6M)Calculated over the trailing 6-month period | 20.35% | 32.87% | -12.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 36.36% | 39.47% | -3.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 40.17% | 36.68% | +3.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.72% | 34.30% | +4.42% |
Dividends
DAR vs. CDNS - Dividend Comparison
Neither DAR nor CDNS has paid dividends to shareholders.
Financials
DAR vs. CDNS - Financials Comparison
This section allows you to compare key financial metrics between Darling Ingredients Inc. and Cadence Design Systems, 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
DAR vs. CDNS - Profitability Comparison
DAR - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Darling Ingredients Inc. reported a gross profit of -274.01M and revenue of 1.72B. Therefore, the gross margin over that period was -15.9%.
CDNS - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Cadence Design Systems, Inc. reported a gross profit of 1.52B and revenue of 1.58B. Therefore, the gross margin over that period was 96.0%.
DAR - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Darling Ingredients Inc. reported an operating income of 657.06M and revenue of 1.72B, resulting in an operating margin of 38.1%.
CDNS - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Cadence Design Systems, Inc. reported an operating income of 450.32M and revenue of 1.58B, resulting in an operating margin of 28.4%.
DAR - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Darling Ingredients Inc. reported a net income of 387.31M and revenue of 1.72B, resulting in a net margin of 22.5%.
CDNS - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Cadence Design Systems, Inc. reported a net income of 367.08M and revenue of 1.58B, resulting in a net margin of 23.2%.
Frequently Asked Questions
DAR and CDNS have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CDNS has higher volatility (13.81%) compared to DAR (9.92%). In terms of maximum drawdown, DAR dropped -97.89% vs CDNS's -93.13%.
DAR currently has the higher Sharpe Ratio (2.50 vs -0.17), 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.
Find the right allocation for DAR and CDNS
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer