SPNS vs. CDNS
SPNS (Sapiens International Corporation N.V.) and CDNS (Cadence Design Systems, Inc.) are both stocks. Both operate in the Software - Application industry within the Technology sector. Their 0.20 correlation means their historical movements had little consistent relationship.
Performance
SPNS vs. CDNS - Performance Comparison
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Returns By Period
SPNS
- 1D
- —
- 1M
- —
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
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 |
SPNS vs. CDNS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPNS Sapiens International Corporation N.V. | 0.00% | 65.98% | -5.58% | 59.83% | -44.74% | 13.83% | 33.84% | 111.05% | -2.63% | -18.30% |
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 SPNS and CDNS is -0.01, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.01 |
Correlation (3Y) Balances recent behavior with more history. | 0.32 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.41 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.38 |
Correlation (All Time) Calculated using the full available price history since Mar 5, 1998 | 0.20 |
The correlation between SPNS and CDNS shifts across timeframes, from -0.01 (1 year) to 0.41 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
SPNS:
$2.43B
CDNS:
$93.78B
SPNS:
$1.14
CDNS:
$5.03
SPNS:
38.11
CDNS:
67.57
SPNS:
2.06
CDNS:
5.15
SPNS:
4.34
CDNS:
15.95
SPNS:
4.78
CDNS:
10.74
SPNS:
$564.33M
CDNS:
$5.84B
SPNS:
$250.01M
CDNS:
$5.34B
SPNS:
$93.46M
CDNS:
$1.94B
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Return for Risk
SPNS vs. CDNS — Risk / Return Rank
SPNS
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
CDNS
SPNS vs. CDNS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Sapiens International Corporation N.V. (SPNS) 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.
| SPNS | CDNS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.00 | — |
| Calmar ratioReturn relative to maximum drawdown | — | -0.23 | — |
| Martin ratioReturn relative to average drawdown | — | -0.47 | — |
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Drawdowns
SPNS vs. CDNS - Drawdown Comparison
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Drawdown Indicators
| SPNS | CDNS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | — | -93.13% | — |
Max Drawdown (1Y)Largest decline over 1 year | — | -28.85% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -29.05% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -29.59% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -32.12% | — |
Current DrawdownCurrent decline from peak | — | -18.34% | — |
Average DrawdownAverage peak-to-trough decline | — | -39.52% | — |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 14.40% | — |
Volatility
SPNS vs. CDNS - Volatility Comparison
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Volatility by Period
| SPNS | CDNS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 13.74% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 33.00% | — |
Volatility (1Y)Calculated over the trailing 1-year period | — | 39.53% | — |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | — | 36.66% | — |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | — | 34.29% | — |
Dividends
SPNS vs. CDNS - Dividend Comparison
Neither SPNS nor CDNS has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% |
SPNS Sapiens International Corporation N.V. | 0.00% | 1.52% | 2.12% | 1.76% | 3.79% | 1.07% | 0.46% | 0.96% | 1.81% | 1.74% | 1.39% | 4.41% |
Financials
SPNS vs. CDNS - Financials Comparison
This section allows you to compare key financial metrics between Sapiens International Corporation N.V. 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
SPNS vs. CDNS - Profitability Comparison
SPNS - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Sapiens International Corporation N.V. reported a gross profit of 67.31M and revenue of 152.32M. Therefore, the gross margin over that period was 44.2%.
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%.
SPNS - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Sapiens International Corporation N.V. reported an operating income of 17.76M and revenue of 152.32M, resulting in an operating margin of 11.7%.
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%.
SPNS - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Sapiens International Corporation N.V. reported a net income of 14.30M and revenue of 152.32M, resulting in a net margin of 9.4%.
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
SPNS and CDNS have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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