SNPS vs. CDW
SNPS (Synopsys, Inc.) and CDW (CDW Corporation) are both stocks. Both are in the Technology sector — SNPS in Software - Infrastructure, CDW in Information Technology Services. Over the past 10 years, SNPS returned 24.15%/yr vs 13.42%/yr for CDW. At a 0.47 correlation, their price movements are largely independent.
Performance
SNPS vs. CDW - Performance Comparison
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Returns By Period
In the year-to-date period, SNPS achieves a -3.37% return, which is significantly lower than CDW's -1.88% return. Over the past 10 years, SNPS has outperformed CDW with an annualized return of 24.15%, while CDW has yielded a comparatively lower 13.42% annualized return.
SNPS
- 1D
- -0.53%
- 1M
- -10.88%
- YTD
- -3.37%
- 6M
- 0.21%
- 1Y
- -8.30%
- 3Y*
- 0.29%
- 5Y*
- 11.53%
- 10Y*
- 24.15%
CDW
- 1D
- 2.37%
- 1M
- 30.16%
- YTD
- -1.88%
- 6M
- -7.79%
- 1Y
- -20.93%
- 3Y*
- -7.68%
- 5Y*
- -3.49%
- 10Y*
- 13.42%
SNPS vs. CDW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SNPS Synopsys, Inc. | -3.37% | -3.22% | -5.74% | 61.27% | -13.35% | 42.15% | 86.24% | 65.24% | -1.17% | 44.82% |
CDW CDW Corporation | -1.88% | -20.56% | -22.57% | 28.84% | -11.75% | 56.87% | -6.55% | 78.22% | 17.98% | 34.92% |
Correlation
The correlation between SNPS and CDW is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.38 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.48 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Jun 27, 2013 | 0.47 |
Over the past year, the correlation between SNPS and CDW has dropped to 0.26 - well below their long-term average of 0.47, suggesting their price drivers have been diverging.
Fundamentals
SNPS:
$86.96B
CDW:
$17.12B
SNPS:
$4.57
CDW:
$8.22
SNPS:
99.35
CDW:
16.09
SNPS:
4.26
CDW:
4.57
SNPS:
8.85
CDW:
0.76
SNPS:
2.85
CDW:
6.70
SNPS:
$8.68B
CDW:
$22.90B
SNPS:
$6.38B
CDW:
$4.94B
SNPS:
$2.22B
CDW:
$1.89B
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Return for Risk
SNPS vs. CDW — Risk / Return Rank
SNPS
CDW
SNPS vs. CDW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Synopsys, Inc. (SNPS) and CDW Corporation (CDW). 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.
| SNPS | CDW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.42 | ||
| Sortino ratioReturn per unit of downside risk | +0.77 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 0.92 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | -0.20 | -0.51 | +0.31 |
| Martin ratioReturn relative to average drawdown | -0.32 | -0.99 | +0.67 |
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Drawdowns
SNPS vs. CDW - Drawdown Comparison
The maximum SNPS drawdown since its inception was -60.95%, roughly equal to the maximum CDW drawdown of -60.37%. Use the drawdown chart below to compare losses from any high point for SNPS and CDW.
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Drawdown Indicators
| SNPS | CDW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.95% | -60.37% | -0.58% |
Max Drawdown (1Y)Largest decline over 1 year | -41.04% | -44.97% | +3.93% |
Max Drawdown (3Y)Largest decline over 3 years | -41.04% | -60.37% | +19.33% |
Max Drawdown (5Y)Largest decline over 5 years | -41.04% | -60.37% | +19.33% |
Max Drawdown (10Y)Largest decline over 10 years | -41.04% | -60.37% | +19.33% |
Current DrawdownCurrent decline from peak | -29.67% | -46.93% | +17.26% |
Average DrawdownAverage peak-to-trough decline | -20.29% | -10.99% | -9.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 26.17% | 23.22% | +2.95% |
Volatility
SNPS vs. CDW - Volatility Comparison
The current volatility for Synopsys, Inc. (SNPS) is 13.66%, while CDW Corporation (CDW) has a volatility of 16.66%. This indicates that SNPS experiences smaller price fluctuations and is considered to be less risky than CDW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SNPS | CDW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.66% | 16.66% | -3.00% |
Volatility (6M)Calculated over the trailing 6-month period | 30.93% | 35.93% | -5.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 56.65% | 40.26% | +16.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 40.80% | 30.99% | +9.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.08% | 30.95% | +4.13% |
Dividends
SNPS vs. CDW - Dividend Comparison
SNPS has not paid dividends to shareholders, while CDW's dividend yield for the trailing twelve months is around 1.90%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CDW CDW Corporation | 1.90% | 1.84% | 1.43% | 1.05% | 1.17% | 0.83% | 1.17% | 0.89% | 1.14% | 0.99% | 0.93% | 0.74% |
SNPS Synopsys, 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% |
Financials
SNPS vs. CDW - Financials Comparison
This section allows you to compare key financial metrics between Synopsys, Inc. and CDW Corporation. 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
SNPS vs. CDW - Profitability Comparison
SNPS - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Synopsys, Inc. reported a gross profit of 1.65B and revenue of 2.28B. Therefore, the gross margin over that period was 72.3%.
CDW - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, CDW Corporation reported a gross profit of 1.19B and revenue of 5.68B. Therefore, the gross margin over that period was 21.0%.
SNPS - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Synopsys, Inc. reported an operating income of 120.43M and revenue of 2.28B, resulting in an operating margin of 5.3%.
CDW - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, CDW Corporation reported an operating income of 376.00M and revenue of 5.68B, resulting in an operating margin of 6.6%.
SNPS - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Synopsys, Inc. reported a net income of 16.87M and revenue of 2.28B, resulting in a net margin of 0.7%.
CDW - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, CDW Corporation reported a net income of 235.40M and revenue of 5.68B, resulting in a net margin of 4.1%.
Frequently Asked Questions
SNPS and CDW have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CDW has higher volatility (16.66%) compared to SNPS (13.66%). In terms of maximum drawdown, SNPS dropped -60.95% vs CDW's -60.37%.
SNPS currently has the higher Sharpe Ratio (-0.15 vs -0.57), 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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