DGX vs. CDNS
DGX (Quest Diagnostics Incorporated) and CDNS (Cadence Design Systems, Inc.) are both stocks. DGX operates in Diagnostics & Research (Healthcare), while CDNS operates in Software - Application (Technology). Over the past 10 years, DGX returned 12.00%/yr vs 31.92%/yr for CDNS. At a 0.24 correlation, their price movements are largely independent.
Performance
DGX vs. CDNS - Performance Comparison
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Returns By Period
In the year-to-date period, DGX achieves a 14.66% return, which is significantly lower than CDNS's 26.12% return. Over the past 10 years, DGX has underperformed CDNS with an annualized return of 12.00%, while CDNS has yielded a comparatively higher 31.92% annualized return.
DGX
- 1D
- -1.54%
- 1M
- 5.24%
- YTD
- 14.66%
- 6M
- 9.44%
- 1Y
- 15.16%
- 3Y*
- 15.88%
- 5Y*
- 11.27%
- 10Y*
- 12.00%
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%
DGX vs. CDNS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DGX Quest Diagnostics Incorporated | 14.66% | 17.20% | 11.77% | -10.05% | -7.80% | 47.86% | 14.11% | 31.13% | -13.84% | 9.16% |
CDNS Cadence Design Systems, Inc. | 26.12% | 4.03% | 10.31% | 69.55% | -13.80% | 36.59% | 96.70% | 59.52% | 3.97% | 65.82% |
Correlation
The correlation between DGX and CDNS is -0.03, 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 | -0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.16 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Dec 27, 1996 | 0.24 |
The correlation between DGX and CDNS shifts across timeframes, from -0.03 (1 year) to 0.24 (all time), reflecting how their relationship changes across market environments.
Fundamentals
DGX:
$22.09B
CDNS:
$107.91B
DGX:
$9.10
CDNS:
$4.28
DGX:
21.67
CDNS:
92.03
DGX:
1.97
CDNS:
19.49
DGX:
3.00
CDNS:
12.37
DGX:
$11.28B
CDNS:
$5.53B
DGX:
$3.75B
CDNS:
$4.91B
DGX:
$1.98B
CDNS:
$1.87B
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Return for Risk
DGX vs. CDNS — Risk / Return Rank
DGX
CDNS
DGX vs. CDNS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Quest Diagnostics Incorporated (DGX) 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.
| DGX | CDNS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.18 | ||
| Sortino ratioReturn per unit of downside risk | -0.25 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.18 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.32 | 1.14 | +0.18 |
| Martin ratioReturn relative to average drawdown | 2.74 | 2.42 | +0.33 |
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
| DGX | CDNS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.67 | 0.85 | -0.18 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.52 | 0.72 | -0.20 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.51 | 0.94 | -0.43 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | 0.24 | +0.29 |
Drawdowns
DGX vs. CDNS - Drawdown Comparison
The maximum DGX drawdown since its inception was -49.46%, smaller than the maximum CDNS drawdown of -93.13%. Use the drawdown chart below to compare losses from any high point for DGX and CDNS.
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Drawdown Indicators
| DGX | CDNS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.46% | -93.13% | +43.67% |
Max Drawdown (1Y)Largest decline over 1 year | -11.55% | -28.85% | +17.30% |
Max Drawdown (3Y)Largest decline over 3 years | -16.57% | -29.05% | +12.48% |
Max Drawdown (5Y)Largest decline over 5 years | -28.62% | -29.59% | +0.97% |
Max Drawdown (10Y)Largest decline over 10 years | -36.60% | -32.12% | -4.48% |
Current DrawdownCurrent decline from peak | -6.53% | -5.32% | -1.21% |
Average DrawdownAverage peak-to-trough decline | -11.90% | -39.64% | +27.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.54% | 13.60% | -8.06% |
Volatility
DGX vs. CDNS - Volatility Comparison
The current volatility for Quest Diagnostics Incorporated (DGX) is 5.45%, while Cadence Design Systems, Inc. (CDNS) has a volatility of 16.58%. This indicates that DGX 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.
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Volatility by Period
| DGX | CDNS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.45% | 16.58% | -11.13% |
Volatility (6M)Calculated over the trailing 6-month period | 16.64% | 31.69% | -15.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.79% | 39.02% | -16.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.76% | 36.20% | -14.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.78% | 34.13% | -10.35% |
Dividends
DGX vs. CDNS - Dividend Comparison
DGX's dividend yield for the trailing twelve months is around 1.65%, while CDNS has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CDNS Cadence Design Systems, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
DGX Quest Diagnostics Incorporated | 1.65% | 1.82% | 1.96% | 2.02% | 1.66% | 1.40% | 1.85% | 1.99% | 2.34% | 1.83% | 1.72% | 2.07% |
Financials
DGX vs. CDNS - Financials Comparison
This section allows you to compare key financial metrics between Quest Diagnostics Incorporated 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
DGX vs. CDNS - Profitability Comparison
DGX - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Quest Diagnostics Incorporated reported a gross profit of 942.00M and revenue of 2.90B. Therefore, the gross margin over that period was 32.5%.
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%.
DGX - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Quest Diagnostics Incorporated reported an operating income of 399.00M and revenue of 2.90B, resulting in an operating margin of 13.8%.
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%.
DGX - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Quest Diagnostics Incorporated reported a net income of 252.00M and revenue of 2.90B, resulting in a net margin of 8.7%.
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%.
Frequently Asked Questions
DGX 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 (16.58%) compared to DGX (5.45%). In terms of maximum drawdown, DGX dropped -49.46% vs CDNS's -93.13%.
CDNS currently has the higher Sharpe Ratio (0.85 vs 0.67), 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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