QRVO vs. CDNS
QRVO (Qorvo, Inc.) and CDNS (Cadence Design Systems, Inc.) are both stocks. Both are in the Technology sector — QRVO in Semiconductors, CDNS in Software - Application. Over the past 10 years, QRVO returned 3.96%/yr vs 30.38%/yr for CDNS. Their 0.50 correlation means their historical movements had little consistent relationship.
Performance
QRVO vs. CDNS - Performance Comparison
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Returns By Period
In the year-to-date period, QRVO achieves a 7.17% return, which is significantly lower than CDNS's 8.78% return. Over the past 10 years, QRVO has underperformed CDNS with an annualized return of 3.96%, while CDNS has yielded a comparatively higher 30.38% annualized return.
QRVO
- 1D
- -0.19%
- 1M
- 3.43%
- 6M
- 15.95%
- YTD
- 7.17%
- 1Y
- 7.68%
- 3Y*
- -6.33%
- 5Y*
- -13.74%
- 10Y*
- 3.96%
- ALL TIME*
- 2.38%
CDNS
- 1D
- 2.16%
- 1M
- -8.88%
- 6M
- 14.73%
- YTD
- 8.78%
- 1Y
- -4.75%
- 3Y*
- 13.32%
- 5Y*
- 18.16%
- 10Y*
- 30.38%
- ALL TIME*
- 10.71%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $973.07M | $815.70M | $896.70M | |
QRVO Qorvo, Inc. | $118.76M | $101.82M | $122.06M |
QRVO vs. CDNS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
QRVO Qorvo, Inc. | 7.17% | 20.85% | -37.90% | 24.24% | -42.04% | -5.94% | 43.05% | 91.39% | -8.81% | 26.30% |
CDNS Cadence Design Systems, Inc. | 8.78% | 4.03% | 10.31% | 69.55% | -13.80% | 36.59% | 96.70% | 59.52% | 3.97% | 65.82% |
Correlation
The correlation between QRVO and CDNS is 0.28, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.28 |
Correlation (3Y) Balances recent behavior with more history. | 0.40 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.48 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.51 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2015 | 0.50 |
Over the past year, the correlation between QRVO and CDNS has dropped to 0.28 - well below their long-term average of 0.50, suggesting their price drivers have been diverging.
Fundamentals
QRVO:
$7.99B
CDNS:
$93.78B
QRVO:
$4.32
CDNS:
$5.03
QRVO:
20.96
CDNS:
67.57
QRVO:
0.19
CDNS:
5.15
QRVO:
2.30
CDNS:
15.95
QRVO:
2.33
CDNS:
10.74
QRVO:
$3.64B
CDNS:
$5.84B
QRVO:
$1.76B
CDNS:
$5.34B
QRVO:
$708.89M
CDNS:
$1.94B
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Return for Risk
QRVO vs. CDNS — Risk / Return Rank
QRVO
CDNS
QRVO vs. CDNS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Qorvo, Inc. (QRVO) 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.
| QRVO | CDNS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.40 | ||
| Sortino ratioReturn per unit of downside risk | +0.54 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.00 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 0.35 | -0.23 | +0.59 |
| Martin ratioReturn relative to average drawdown | 0.65 | -0.47 | +1.12 |
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Drawdowns
QRVO vs. CDNS - Drawdown Comparison
The maximum QRVO drawdown since its inception was -74.54%, smaller than the maximum CDNS drawdown of -93.13%. Use the drawdown chart below to compare losses from any high point for QRVO and CDNS.
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Drawdown Indicators
| QRVO | CDNS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.54% | -93.13% | +18.59% |
Max Drawdown (1Y)Largest decline over 1 year | -23.76% | -28.85% | +5.09% |
Max Drawdown (3Y)Largest decline over 3 years | -60.68% | -29.05% | -31.63% |
Max Drawdown (5Y)Largest decline over 5 years | -73.95% | -29.59% | -44.36% |
Max Drawdown (10Y)Largest decline over 10 years | -74.54% | -32.12% | -42.42% |
Current DrawdownCurrent decline from peak | -54.61% | -18.34% | -36.27% |
Average DrawdownAverage peak-to-trough decline | -32.16% | -39.52% | +7.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.76% | 14.40% | -1.64% |
Volatility
QRVO vs. CDNS - Volatility Comparison
The current volatility for Qorvo, Inc. (QRVO) is 9.74%, while Cadence Design Systems, Inc. (CDNS) has a volatility of 13.74%. This indicates that QRVO 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.
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Volatility by Period
| QRVO | CDNS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.74% | 13.74% | -4.00% |
Volatility (6M)Calculated over the trailing 6-month period | 27.00% | 33.00% | -6.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 36.33% | 39.53% | -3.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 42.39% | 36.66% | +5.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 41.94% | 34.29% | +7.65% |
Dividends
QRVO vs. CDNS - Dividend Comparison
Neither QRVO nor CDNS has paid dividends to shareholders.
Financials
QRVO vs. CDNS - Financials Comparison
This section allows you to compare key financial metrics between Qorvo, 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
QRVO vs. CDNS - Profitability Comparison
QRVO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Qorvo, Inc. reported a gross profit of 400.97M and revenue of 784.80M. Therefore, the gross margin over that period was 51.1%.
CDNS - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Cadence Design Systems, Inc. reported a gross profit of 1.52B and revenue of 1.58B. Therefore, the gross margin over that period was 96.0%.
QRVO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Qorvo, Inc. reported an operating income of 96.77M and revenue of 784.80M, resulting in an operating margin of 12.3%.
CDNS - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Cadence Design Systems, Inc. reported an operating income of 450.32M and revenue of 1.58B, resulting in an operating margin of 28.4%.
QRVO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Qorvo, Inc. reported a net income of 85.80M and revenue of 784.80M, resulting in a net margin of 10.9%.
CDNS - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Cadence Design Systems, Inc. reported a net income of 367.08M and revenue of 1.58B, resulting in a net margin of 23.2%.
Frequently Asked Questions
QRVO and CDNS have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CDNS has higher volatility (13.74%) compared to QRVO (9.74%). In terms of maximum drawdown, QRVO dropped -74.54% vs CDNS's -93.13%.
QRVO currently has the higher Sharpe Ratio (0.23 vs -0.17), 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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