PRGS vs. CDNS
Compare and contrast key facts about Progress Software Corporation (PRGS) and Cadence Design Systems, Inc. (CDNS).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PRGS or CDNS.
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.
Performance
PRGS vs. CDNS - Performance Comparison
Key characteristics
PRGS:
0.81
CDNS:
0.27
PRGS:
1.67
CDNS:
0.64
PRGS:
1.19
CDNS:
1.08
PRGS:
1.03
CDNS:
0.38
PRGS:
2.47
CDNS:
0.81
PRGS:
8.74%
CDNS:
11.51%
PRGS:
26.81%
CDNS:
34.86%
PRGS:
-67.33%
CDNS:
-93.13%
PRGS:
-5.25%
CDNS:
-8.16%
Fundamentals
PRGS:
$2.95B
CDNS:
$85.39B
PRGS:
$1.86
CDNS:
$3.79
PRGS:
37.02
CDNS:
82.15
PRGS:
6.26
CDNS:
3.29
PRGS:
$538.45M
CDNS:
$4.35B
PRGS:
$410.80M
CDNS:
$3.91B
PRGS:
$185.36M
CDNS:
$1.49B
Returns By Period
In the year-to-date period, PRGS achieves a 23.15% return, which is significantly higher than CDNS's 10.10% return. Over the past 10 years, PRGS has underperformed CDNS with an annualized return of 10.65%, while CDNS has yielded a comparatively higher 31.87% annualized return.
PRGS
23.15%
0.09%
35.63%
20.21%
11.35%
10.65%
CDNS
10.10%
0.08%
-5.86%
10.74%
33.83%
31.87%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Risk-Adjusted Performance
PRGS vs. CDNS - Risk-Adjusted Performance 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.
Dividends
PRGS vs. CDNS - Dividend Comparison
PRGS's dividend yield for the trailing twelve months is around 0.79%, while CDNS has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
PRGS Progress Software Corporation | 0.79% | 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% |
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. For additional features, visit the drawdowns tool.
Volatility
PRGS vs. CDNS - Volatility Comparison
The current volatility for Progress Software Corporation (PRGS) is 6.92%, while Cadence Design Systems, Inc. (CDNS) has a volatility of 10.02%. This indicates that PRGS 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.
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