QUBT vs. CDNS
QUBT (Quantum Computing, Inc.) and CDNS (Cadence Design Systems, Inc.) are both stocks. Both are in the Technology sector — QUBT in Computer Hardware, CDNS in Software - Application. Over the past 5 years, QUBT returned 9.88%/yr vs 24.39%/yr for CDNS. At a 0.19 correlation, their price movements are largely independent.
Performance
QUBT vs. CDNS - Performance Comparison
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Returns By Period
In the year-to-date period, QUBT achieves a -3.22% return, which is significantly lower than CDNS's 23.16% return.
QUBT
- 1D
- 0.20%
- 1M
- -5.47%
- YTD
- -3.22%
- 6M
- -17.59%
- 1Y
- -40.47%
- 3Y*
- 77.69%
- 5Y*
- 9.88%
- 10Y*
- —
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%
QUBT vs. CDNS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
QUBT Quantum Computing, Inc. | -3.22% | -38.01% | 1,712.51% | -39.53% | -55.72% | -75.83% | 370.33% | 0.00% | -42.31% |
CDNS Cadence Design Systems, Inc. | 23.16% | 4.03% | 10.31% | 69.55% | -13.80% | 36.59% | 96.70% | 59.52% | -1.38% |
Correlation
The correlation between QUBT and CDNS is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since Aug 1, 2018 | 0.19 |
The correlation between QUBT and CDNS shifts across timeframes, from 0.19 (all time) to 0.30 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
QUBT:
$2.22B
CDNS:
$105.37B
QUBT:
-$0.21
CDNS:
$4.28
QUBT:
428.61
CDNS:
19.03
QUBT:
1.39
CDNS:
12.08
QUBT:
$4.33M
CDNS:
$5.53B
QUBT:
-$667.00K
CDNS:
$4.91B
QUBT:
-$52.52M
CDNS:
$1.87B
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Return for Risk
QUBT vs. CDNS — Risk / Return Rank
QUBT
CDNS
QUBT vs. CDNS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Quantum Computing, Inc. (QUBT) 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.
| QUBT | CDNS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.07 | ||
| Sortino ratioReturn per unit of downside risk | -1.26 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.15 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | -0.58 | 0.87 | -1.46 |
| Martin ratioReturn relative to average drawdown | -0.89 | 1.84 | -2.73 |
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Drawdowns
QUBT vs. CDNS - Drawdown Comparison
The maximum QUBT drawdown since its inception was -97.53%, roughly equal to the maximum CDNS drawdown of -93.13%. Use the drawdown chart below to compare losses from any high point for QUBT and CDNS.
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Drawdown Indicators
| QUBT | CDNS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.53% | -93.13% | -4.40% |
Max Drawdown (1Y)Largest decline over 1 year | -74.37% | -28.85% | -45.52% |
Max Drawdown (3Y)Largest decline over 3 years | -82.40% | -29.05% | -53.35% |
Max Drawdown (5Y)Largest decline over 5 years | -95.63% | -29.59% | -66.04% |
Max Drawdown (10Y)Largest decline over 10 years | — | -32.12% | — |
Current DrawdownCurrent decline from peak | -61.33% | -7.55% | -53.78% |
Average DrawdownAverage peak-to-trough decline | -72.90% | -39.62% | -33.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 48.67% | 13.63% | +35.04% |
Volatility
QUBT vs. CDNS - Volatility Comparison
Quantum Computing, Inc. (QUBT) has a higher volatility of 33.55% compared to Cadence Design Systems, Inc. (CDNS) at 16.52%. This indicates that QUBT'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
| QUBT | CDNS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 33.55% | 16.52% | +17.03% |
Volatility (6M)Calculated over the trailing 6-month period | 67.37% | 31.73% | +35.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 103.81% | 38.94% | +64.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 133.05% | 36.17% | +96.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 177.48% | 34.12% | +143.36% |
Dividends
QUBT vs. CDNS - Dividend Comparison
Neither QUBT nor CDNS has paid dividends to shareholders.
Financials
QUBT vs. CDNS - Financials Comparison
This section allows you to compare key financial metrics between Quantum Computing, 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
Frequently Asked Questions
QUBT and CDNS have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QUBT has higher volatility (33.55%) compared to CDNS (16.52%). In terms of maximum drawdown, QUBT dropped -97.53% vs CDNS's -93.13%.
CDNS currently has the higher Sharpe Ratio (0.65 vs -0.42), 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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