SPNS vs. CDNS

Last updated Jun 24, 2026

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. At a 0.20 correlation, their price movements are largely independent.

Performance

SPNS vs. CDNS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Sapiens International Corporation N.V. (SPNS) and Cadence Design Systems, Inc. (CDNS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

SPNS

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

CDNS

• 1D: -2.57%
• 1M: 1.46%
• YTD: 21.27%
• 6M: 19.60%
• 1Y: 29.13%
• 3Y*: 18.93%
• 5Y*: 22.93%
• 10Y*: 31.90%

*Multi-year figures are annualized to reflect compound growth (CAGR)

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.	21.27%	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 0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.05
Correlation (3Y) Calculated over the trailing 3-year period	0.32
Correlation (5Y) Calculated over the trailing 5-year period	0.42
Correlation (10Y) Calculated over the trailing 10-year period	0.39
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 0.05 (1 year) to 0.42 (5 years), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap SPNS : $2.45B CDNS : $103.76B
EPS SPNS : $1.14 CDNS : $4.28
PE Ratio SPNS : 37.99 CDNS : 88.48
PEG Ratio SPNS : 2.06 CDNS : 6.75
PS Ratio SPNS : 4.33 CDNS : 18.74
PB Ratio SPNS : 4.78 CDNS : 11.89
Total Revenue (TTM) SPNS : $564.33M CDNS : $5.53B
Gross Profit (TTM) SPNS : $250.01M CDNS : $4.91B
EBITDA (TTM) SPNS : $93.46M CDNS : $1.87B

Return for Risk

SPNS vs. CDNS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SPNS

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

CDNS

CDNS Risk / Return Rank: 63
CDNS Sharpe Ratio Rank: 66
CDNS Sortino Ratio Rank: 62
CDNS Omega Ratio Rank: 62
CDNS Calmar Ratio Rank: 63
CDNS Martin Ratio Rank: 63

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

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 ratio: Return per unit of total volatility	—	0.75	—
Sortino ratio: Return per unit of downside risk	—	1.31	—
Omega ratio: Gain probability vs. loss probability	—	1.16	—
Calmar ratio: Return relative to maximum drawdown	—	1.01	—
Martin ratio: Return relative to average drawdown	—	2.14	—

Drawdowns

Drawdown Indicators

	SPNS	CDNS	Difference
Max Drawdown Largest 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 Drawdown Current decline from peak	—	-8.97%	—
Average Drawdown Average peak-to-trough decline	—	-39.60%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	13.66%	—

Volatility

Volatility by Period

	SPNS	CDNS	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	16.25%	—
Volatility (6M) Calculated over the trailing 6-month period	—	31.63%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	39.04%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	36.21%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	34.14%	—

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 - Profitability Comparison

The chart below illustrates the profitability comparison between Sapiens International Corporation N.V. and Cadence Design Systems, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

SPNS - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 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 Jun 2026, Cadence Design Systems, Inc. reported a gross profit of 1.41B and revenue of 1.47B. Therefore, the gross margin over that period was 95.9%.

SPNS - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 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 Jun 2026, Cadence Design Systems, Inc. reported an operating income of 431.33M and revenue of 1.47B, resulting in an operating margin of 29.3%.

SPNS - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 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 Jun 2026, Cadence Design Systems, Inc. reported a net income of 335.66M and revenue of 1.47B, resulting in a net margin of 22.8%.

Frequently Asked Questions

Can I hold both SPNS and CDNS in my portfolio?

SPNS and CDNS have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.