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EXTR vs. CDNS
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility
Financials

Correlation

The correlation between EXTR and CDNS is 0.48, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.


-0.50.00.51.0
Correlation: 0.5

Performance

EXTR vs. CDNS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Extreme Networks, Inc. (EXTR) and Cadence Design Systems, Inc. (CDNS). The values are adjusted to include any dividend payments, if applicable.

0.00%200.00%400.00%600.00%800.00%1,000.00%1,200.00%NovemberDecember2025FebruaryMarchApril
-54.89%
1,044.22%
EXTR
CDNS

Key characteristics

Sharpe Ratio

EXTR:

0.29

CDNS:

0.07

Sortino Ratio

EXTR:

0.74

CDNS:

0.39

Omega Ratio

EXTR:

1.09

CDNS:

1.05

Calmar Ratio

EXTR:

0.14

CDNS:

0.10

Martin Ratio

EXTR:

0.95

CDNS:

0.19

Ulcer Index

EXTR:

13.34%

CDNS:

14.54%

Daily Std Dev

EXTR:

43.92%

CDNS:

41.29%

Max Drawdown

EXTR:

-99.15%

CDNS:

-93.13%

Current Drawdown

EXTR:

-89.93%

CDNS:

-11.29%

Fundamentals

Market Cap

EXTR:

$1.64B

CDNS:

$77.30B

EPS

EXTR:

-$0.93

CDNS:

$3.85

PEG Ratio

EXTR:

0.68

CDNS:

2.80

PS Ratio

EXTR:

1.61

CDNS:

16.65

PB Ratio

EXTR:

30.59

CDNS:

15.58

Total Revenue (TTM)

EXTR:

$805.21M

CDNS:

$3.63B

Gross Profit (TTM)

EXTR:

$458.74M

CDNS:

$3.37B

EBITDA (TTM)

EXTR:

-$21.32M

CDNS:

$1.28B

Returns By Period

In the year-to-date period, EXTR achieves a -25.39% return, which is significantly lower than CDNS's -3.60% return. Over the past 10 years, EXTR has underperformed CDNS with an annualized return of 16.81%, while CDNS has yielded a comparatively higher 31.11% annualized return.


EXTR

YTD

-25.39%

1M

-16.23%

6M

-12.96%

1Y

10.24%

5Y*

32.49%

10Y*

16.81%

CDNS

YTD

-3.60%

1M

9.95%

6M

12.57%

1Y

4.53%

5Y*

29.26%

10Y*

31.11%

*Annualized

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Risk-Adjusted Performance

EXTR vs. CDNS — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EXTR
The Risk-Adjusted Performance Rank of EXTR is 6161
Overall Rank
The Sharpe Ratio Rank of EXTR is 6464
Sharpe Ratio Rank
The Sortino Ratio Rank of EXTR is 5959
Sortino Ratio Rank
The Omega Ratio Rank of EXTR is 5757
Omega Ratio Rank
The Calmar Ratio Rank of EXTR is 5959
Calmar Ratio Rank
The Martin Ratio Rank of EXTR is 6464
Martin Ratio Rank

CDNS
The Risk-Adjusted Performance Rank of CDNS is 5252
Overall Rank
The Sharpe Ratio Rank of CDNS is 5555
Sharpe Ratio Rank
The Sortino Ratio Rank of CDNS is 4949
Sortino Ratio Rank
The Omega Ratio Rank of CDNS is 4848
Omega Ratio Rank
The Calmar Ratio Rank of CDNS is 5656
Calmar Ratio Rank
The Martin Ratio Rank of CDNS is 5454
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

EXTR vs. CDNS - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Extreme Networks, Inc. (EXTR) 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.


The chart of Sharpe ratio for EXTR, currently valued at 0.29, compared to the broader market-2.00-1.000.001.002.003.00
EXTR: 0.29
CDNS: 0.07
The chart of Sortino ratio for EXTR, currently valued at 0.74, compared to the broader market-6.00-4.00-2.000.002.004.00
EXTR: 0.74
CDNS: 0.39
The chart of Omega ratio for EXTR, currently valued at 1.09, compared to the broader market0.501.001.502.00
EXTR: 1.09
CDNS: 1.05
The chart of Calmar ratio for EXTR, currently valued at 0.14, compared to the broader market0.001.002.003.004.005.00
EXTR: 0.14
CDNS: 0.10
The chart of Martin ratio for EXTR, currently valued at 0.95, compared to the broader market-5.000.005.0010.0015.0020.00
EXTR: 0.95
CDNS: 0.19

The current EXTR Sharpe Ratio is 0.29, which is higher than the CDNS Sharpe Ratio of 0.07. The chart below compares the historical Sharpe Ratios of EXTR and CDNS, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-0.500.000.501.00NovemberDecember2025FebruaryMarchApril
0.29
0.07
EXTR
CDNS

Dividends

EXTR vs. CDNS - Dividend Comparison

Neither EXTR nor CDNS has paid dividends to shareholders.


Tickers have no history of dividend payments

Drawdowns

EXTR vs. CDNS - Drawdown Comparison

The maximum EXTR drawdown since its inception was -99.15%, which is greater than CDNS's maximum drawdown of -93.13%. Use the drawdown chart below to compare losses from any high point for EXTR and CDNS. For additional features, visit the drawdowns tool.


-100.00%-80.00%-60.00%-40.00%-20.00%0.00%NovemberDecember2025FebruaryMarchApril
-89.93%
-11.29%
EXTR
CDNS

Volatility

EXTR vs. CDNS - Volatility Comparison

Extreme Networks, Inc. (EXTR) has a higher volatility of 24.08% compared to Cadence Design Systems, Inc. (CDNS) at 19.67%. This indicates that EXTR's price experiences larger fluctuations and is considered to be riskier than CDNS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


10.00%15.00%20.00%25.00%NovemberDecember2025FebruaryMarchApril
24.08%
19.67%
EXTR
CDNS

Financials

EXTR vs. CDNS - Financials Comparison

This section allows you to compare key financial metrics between Extreme Networks, 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.


Quarterly
Annual

Total Revenue: Total amount of money received from sales and other business activities


Values in USD except per share items