IFX.DE vs. CDNS

Last updated Jun 4, 2026

IFX.DE (Infineon Technologies AG) and CDNS (Cadence Design Systems, Inc.) are both stocks. Both are in the Technology sector — IFX.DE in Semiconductors, CDNS in Software - Application. Over the past 10 years, IFX.DE returned 22.14%/yr vs 32.09%/yr for CDNS. At a 0.32 correlation, their price movements are largely independent.

Performance

IFX.DE vs. CDNS - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Infineon Technologies AG (IFX.DE) and Cadence Design Systems, Inc. (CDNS). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

IFX.DE is traded in EUR, while CDNS is traded in USD. To make them comparable, the CDNS values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, IFX.DE achieves a 135.03% return, which is significantly higher than CDNS's 32.09% return. Over the past 10 years, IFX.DE has underperformed CDNS with an annualized return of 22.14%, while CDNS has yielded a comparatively higher 32.09% annualized return.

IFX.DE

• 1D: 0.00%
• 1M: 54.90%
• YTD: 135.03%
• 6M: 141.33%
• 1Y: 158.08%
• 3Y*: 36.19%
• 5Y*: 22.48%
• 10Y*: 22.14%

CDNS

• 1D: -1.80%
• 1M: 17.57%
• YTD: 32.09%
• 6M: 22.05%
• 1Y: 36.32%
• 3Y*: 17.90%
• 5Y*: 27.53%
• 10Y*: 32.09%

*Multi-year figures are annualized to reflect compound growth (CAGR)

IFX.DE vs. CDNS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IFX.DE Infineon Technologies AG	135.03%	21.26%	-16.04%	34.15%	-29.66%	30.66%	56.50%	18.59%	-23.09%	40.10%
CDNS Cadence Design Systems, Inc.	32.09%	-8.31%	17.60%	64.47%	-8.45%	46.81%	80.49%	63.13%	8.85%	45.44%

Correlation

The correlation between IFX.DE and CDNS is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.34
Correlation (3Y) Calculated over the trailing 3-year period	0.28
Correlation (5Y) Calculated over the trailing 5-year period	0.32
Correlation (10Y) Calculated over the trailing 10-year period	0.34
Correlation (All Time) Calculated using the full available price history since Aug 27, 2007	0.32

Return for Risk

IFX.DE vs. CDNS — Risk / Return Rank

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

IFX.DE

IFX.DE Risk / Return Rank: 95
IFX.DE Sharpe Ratio Rank: 96
IFX.DE Sortino Ratio Rank: 95
IFX.DE Omega Ratio Rank: 93
IFX.DE Calmar Ratio Rank: 95
IFX.DE Martin Ratio Rank: 94

CDNS

CDNS Risk / Return Rank: 68
CDNS Sharpe Ratio Rank: 72
CDNS Sortino Ratio Rank: 69
CDNS Omega Ratio Rank: 67
CDNS Calmar Ratio Rank: 66
CDNS Martin Ratio Rank: 65

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IFX.DE vs. CDNS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Infineon Technologies AG (IFX.DE) 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.

	IFX.DE	CDNS	Difference
Sharpe ratio: Return per unit of total volatility	3.61	0.96	+2.64
Sortino ratio: Return per unit of downside risk	4.17	1.59	+2.58
Omega ratio: Gain probability vs. loss probability	1.51	1.20	+0.31
Calmar ratio: Return relative to maximum drawdown	7.41	1.20	+6.21
Martin ratio: Return relative to average drawdown	16.89	2.46	+14.43
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IFX.DE vs. CDNS - Sharpe Ratio Comparison

The current IFX.DE Sharpe Ratio is 3.61, which is higher than the CDNS Sharpe Ratio of 0.96. The chart below compares the historical Sharpe Ratios of IFX.DE and CDNS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	IFX.DE	CDNS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.61	0.96	+2.64
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.57	0.77	-0.21
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.58	0.94	-0.36
Sharpe Ratio (All Time) Calculated using the full available price history	0.04	0.47	-0.42

Drawdowns

IFX.DE vs. CDNS - Drawdown Comparison

The maximum IFX.DE drawdown since its inception was -99.57%, which is greater than CDNS's maximum drawdown of -88.19%. Use the drawdown chart below to compare losses from any high point for IFX.DE and CDNS.

Drawdown Indicators

	IFX.DE	CDNS	Difference
Max Drawdown Largest peak-to-trough decline	-99.57%	-88.19%	-11.38%
Max Drawdown (1Y) Largest decline over 1 year	-21.20%	-30.38%	+9.18%
Max Drawdown (3Y) Largest decline over 3 years	-37.93%	-32.15%	-5.78%
Max Drawdown (5Y) Largest decline over 5 years	-51.12%	-32.15%	-18.97%
Max Drawdown (10Y) Largest decline over 10 years	-56.99%	-34.02%	-22.97%
Current Drawdown Current decline from peak	0.00%	-1.80%	+1.80%
Average Drawdown Average peak-to-trough decline	-75.88%	-24.28%	-51.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.32%	14.81%	-5.49%

Volatility

IFX.DE vs. CDNS - Volatility Comparison

Infineon Technologies AG (IFX.DE) has a higher volatility of 19.44% compared to Cadence Design Systems, Inc. (CDNS) at 12.37%. This indicates that IFX.DE'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.

Volatility by Period

	IFX.DE	CDNS	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.44%	12.37%	+7.07%
Volatility (6M) Calculated over the trailing 6-month period	35.82%	30.44%	+5.38%
Volatility (1Y) Calculated over the trailing 1-year period	43.58%	37.94%	+5.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	39.33%	35.77%	+3.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	37.93%	34.25%	+3.68%

Dividends

IFX.DE vs. CDNS - Dividend Comparison

IFX.DE's dividend yield for the trailing twelve months is around 0.40%, 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%
IFX.DE Infineon Technologies AG	0.40%	0.93%	1.11%	0.85%	0.95%	0.54%	0.86%	1.33%	1.44%	0.96%	1.21%	1.33%

Financials

Frequently Asked Questions

Can I hold both IFX.DE and CDNS in my portfolio?

IFX.DE and CDNS have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.