GNRC vs. CDNS
GNRC (Generac Holdings Inc.) and CDNS (Cadence Design Systems, Inc.) are both stocks. GNRC operates in Specialty Industrial Machinery (Industrials), while CDNS operates in Software - Application (Technology). Over the past 10 years, GNRC returned 21.41%/yr vs 31.77%/yr for CDNS. At a 0.38 correlation, their price movements are largely independent.
Performance
GNRC vs. CDNS - Performance Comparison
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Returns By Period
In the year-to-date period, GNRC achieves a 92.39% return, which is significantly higher than CDNS's 23.16% return. Over the past 10 years, GNRC has underperformed CDNS with an annualized return of 21.41%, while CDNS has yielded a comparatively higher 31.77% annualized return.
GNRC
- 1D
- 1.95%
- 1M
- -0.50%
- YTD
- 92.39%
- 6M
- 63.21%
- 1Y
- 110.36%
- 3Y*
- 28.41%
- 5Y*
- -5.56%
- 10Y*
- 21.41%
CDNS
- 1D
- 0.32%
- 1M
- 10.86%
- YTD
- 23.16%
- 6M
- 19.10%
- 1Y
- 28.32%
- 3Y*
- 17.22%
- 5Y*
- 24.39%
- 10Y*
- 31.77%
GNRC vs. CDNS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GNRC Generac Holdings Inc. | 92.39% | -12.05% | 19.97% | 28.39% | -71.40% | 54.75% | 126.08% | 102.39% | 0.36% | 21.55% |
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% |
Correlation
The correlation between GNRC and CDNS is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.28 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.39 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.40 |
Correlation (All Time) Calculated using the full available price history since Feb 11, 2010 | 0.38 |
The correlation between GNRC and CDNS shifts across timeframes, from 0.25 (1 year) to 0.40 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
GNRC:
$15.54B
CDNS:
$105.37B
GNRC:
$3.20
CDNS:
$4.28
GNRC:
81.93
CDNS:
89.86
GNRC:
3.58
CDNS:
19.03
GNRC:
5.81
CDNS:
12.08
GNRC:
$4.33B
CDNS:
$5.53B
GNRC:
$1.65B
CDNS:
$4.91B
GNRC:
$461.56M
CDNS:
$1.87B
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Return for Risk
GNRC vs. CDNS — Risk / Return Rank
GNRC
CDNS
GNRC vs. CDNS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Generac Holdings Inc. (GNRC) 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.
| GNRC | CDNS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.30 | ||
| Sortino ratioReturn per unit of downside risk | +1.55 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.15 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 3.20 | 0.87 | +2.33 |
| Martin ratioReturn relative to average drawdown | 7.17 | 1.84 | +5.33 |
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Drawdowns
GNRC vs. CDNS - Drawdown Comparison
The maximum GNRC drawdown since its inception was -83.75%, smaller than the maximum CDNS drawdown of -93.13%. Use the drawdown chart below to compare losses from any high point for GNRC and CDNS.
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Drawdown Indicators
| GNRC | CDNS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.75% | -93.13% | +9.38% |
Max Drawdown (1Y)Largest decline over 1 year | -32.77% | -28.85% | -3.92% |
Max Drawdown (3Y)Largest decline over 3 years | -47.76% | -29.05% | -18.71% |
Max Drawdown (5Y)Largest decline over 5 years | -83.75% | -29.59% | -54.16% |
Max Drawdown (10Y)Largest decline over 10 years | -83.75% | -32.12% | -51.63% |
Current DrawdownCurrent decline from peak | -48.13% | -7.55% | -40.58% |
Average DrawdownAverage peak-to-trough decline | -30.37% | -39.62% | +9.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.61% | 13.63% | +0.98% |
Volatility
GNRC vs. CDNS - Volatility Comparison
Generac Holdings Inc. (GNRC) has a higher volatility of 19.80% compared to Cadence Design Systems, Inc. (CDNS) at 16.52%. This indicates that GNRC'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.
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Volatility by Period
| GNRC | CDNS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.80% | 16.52% | +3.28% |
Volatility (6M)Calculated over the trailing 6-month period | 39.79% | 31.73% | +8.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 53.84% | 38.94% | +14.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 52.23% | 36.17% | +16.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 45.22% | 34.12% | +11.10% |
Dividends
GNRC vs. CDNS - Dividend Comparison
Neither GNRC nor CDNS has paid dividends to shareholders.
Financials
GNRC vs. CDNS - Financials Comparison
This section allows you to compare key financial metrics between Generac Holdings 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
GNRC vs. CDNS - Profitability Comparison
GNRC - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Generac Holdings Inc. reported a gross profit of 410.24M and revenue of 1.06B. Therefore, the gross margin over that period was 38.7%.
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%.
GNRC - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Generac Holdings Inc. reported an operating income of 117.29M and revenue of 1.06B, resulting in an operating margin of 11.1%.
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%.
GNRC - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Generac Holdings Inc. reported a net income of 73.25M and revenue of 1.06B, resulting in a net margin of 6.9%.
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
GNRC and CDNS have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GNRC has higher volatility (19.80%) compared to CDNS (16.52%). In terms of maximum drawdown, GNRC dropped -83.75% vs CDNS's -93.13%.
GNRC currently has the higher Sharpe Ratio (1.95 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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