PRGS vs. CDNS
Compare and contrast key facts about Progress Software Corporation (PRGS) and Cadence Design Systems, Inc. (CDNS).
Performance
PRGS vs. CDNS - Performance Comparison
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PRGS vs. CDNS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PRGS Progress Software Corporation | -40.29% | -34.06% | 21.16% | 8.94% | 6.05% | 8.44% | 10.64% | 18.95% | -15.41% | 35.45% |
CDNS Cadence Design Systems, Inc. | -11.10% | 4.03% | 10.31% | 69.55% | -13.80% | 36.59% | 96.70% | 59.52% | 3.97% | 65.82% |
Fundamentals
PRGS:
$1.10B
CDNS:
$75.84B
PRGS:
$1.95
CDNS:
$4.06
PRGS:
13.17
CDNS:
68.49
PRGS:
36.47
CDNS:
5.22
PRGS:
1.13
CDNS:
14.34
PRGS:
2.20
CDNS:
10.67
PRGS:
$987.62M
CDNS:
$5.30B
PRGS:
$802.40M
CDNS:
$5.09B
PRGS:
$136.06M
CDNS:
$1.74B
Returns By Period
In the year-to-date period, PRGS achieves a -40.29% return, which is significantly lower than CDNS's -11.10% return. Over the past 10 years, PRGS has underperformed CDNS with an annualized return of 1.43%, while CDNS has yielded a comparatively higher 27.94% annualized return.
PRGS
- 1D
- -9.27%
- 1M
- -38.75%
- YTD
- -40.29%
- 6M
- -41.61%
- 1Y
- -50.20%
- 3Y*
- -23.09%
- 5Y*
- -9.80%
- 10Y*
- 1.43%
CDNS
- 1D
- 2.58%
- 1M
- -7.81%
- YTD
- -11.10%
- 6M
- -20.89%
- 1Y
- 9.26%
- 3Y*
- 9.77%
- 5Y*
- 14.45%
- 10Y*
- 27.94%
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Return for Risk
PRGS vs. CDNS — Risk / Return Rank
PRGS
CDNS
PRGS vs. CDNS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Progress Software Corporation (PRGS) 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.
| PRGS | CDNS | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -1.13 | 0.23 | -1.36 |
Sortino ratioReturn per unit of downside risk | -1.73 | 0.63 | -2.36 |
Omega ratioGain probability vs. loss probability | 0.78 | 1.08 | -0.30 |
Calmar ratioReturn relative to maximum drawdown | -0.83 | 0.29 | -1.12 |
Martin ratioReturn relative to average drawdown | -1.66 | 0.65 | -2.32 |
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
| PRGS | CDNS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.13 | 0.23 | -1.36 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.31 | 0.41 | -0.72 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.04 | 0.84 | -0.79 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.15 | 0.22 | -0.07 |
Correlation
The correlation between PRGS and CDNS is 0.32, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
PRGS vs. CDNS - Dividend Comparison
Neither PRGS nor CDNS has paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
PRGS Progress Software Corporation | 0.00% | 0.00% | 0.81% | 1.29% | 1.39% | 1.45% | 1.48% | 1.52% | 1.62% | 1.21% | 0.39% |
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% |
Drawdowns
PRGS vs. CDNS - Drawdown Comparison
The maximum PRGS drawdown since its inception was -67.33%, smaller than the maximum CDNS drawdown of -93.13%. Use the drawdown chart below to compare losses from any high point for PRGS and CDNS.
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Drawdown Indicators
| PRGS | CDNS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.33% | -93.13% | +25.80% |
Max Drawdown (1Y)Largest decline over 1 year | -60.33% | -28.09% | -32.24% |
Max Drawdown (5Y)Largest decline over 5 years | -63.30% | -29.59% | -33.71% |
Max Drawdown (10Y)Largest decline over 10 years | -63.30% | -32.12% | -31.18% |
Current DrawdownCurrent decline from peak | -63.30% | -25.58% | -37.72% |
Average DrawdownAverage peak-to-trough decline | -23.37% | -39.79% | +16.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 30.14% | 12.61% | +17.53% |
Volatility
PRGS vs. CDNS - Volatility Comparison
Progress Software Corporation (PRGS) has a higher volatility of 16.79% compared to Cadence Design Systems, Inc. (CDNS) at 7.46%. This indicates that PRGS'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
| PRGS | CDNS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.79% | 7.46% | +9.33% |
Volatility (6M)Calculated over the trailing 6-month period | 36.11% | 25.41% | +10.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.66% | 39.60% | +5.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.76% | 35.27% | -3.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.29% | 33.43% | -1.14% |
Financials
PRGS vs. CDNS - Financials Comparison
This section allows you to compare key financial metrics between Progress Software Corporation 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