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SPYV vs. CDNS
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SPYV vs. CDNS

Last updated Jun 14, 2026

SPYV (SPDR Portfolio S&P 500 Value ETF) is S&P 500 fund tracking the S&P 500 Value Index, while CDNS (Cadence Design Systems, Inc.) is a stock. Over the past 10 years, SPYV returned 12.08%/yr vs 31.77%/yr for CDNS. At a 0.49 correlation, their price movements are largely independent.

Performance

SPYV vs. CDNS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR Portfolio S&P 500 Value ETF (SPYV) and Cadence Design Systems, Inc. (CDNS). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, SPYV achieves a 8.25% return, which is significantly lower than CDNS's 23.16% return. Over the past 10 years, SPYV has underperformed CDNS with an annualized return of 12.08%, while CDNS has yielded a comparatively higher 31.77% annualized return.

SPYV

1D
0.69%
1M
1.59%
YTD
8.25%
6M
8.02%
1Y
21.87%
3Y*
15.13%
5Y*
10.98%
10Y*
12.08%

CDNS

1D
0.32%
1M
9.10%
YTD
23.16%
6M
19.10%
1Y
28.32%
3Y*
17.22%
5Y*
24.39%
10Y*
31.77%
*Multi-year figures are annualized to reflect compound growth (CAGR)

SPYV vs. CDNS - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
SPYV
SPDR Portfolio S&P 500 Value ETF		8.25%13.18%12.24%22.20%-5.28%24.91%1.38%31.70%-9.01%15.40%
CDNS
Cadence Design Systems, Inc.		23.16%4.03%10.31%69.55%-13.80%36.59%96.70%59.52%3.97%65.82%

Correlation

The correlation between SPYV and CDNS is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.42

Correlation (3Y)
Calculated over the trailing 3-year period

0.41

Correlation (5Y)
Calculated over the trailing 5-year period

0.49

Correlation (10Y)
Calculated over the trailing 10-year period

0.47

Correlation (All Time)
Calculated using the full available price history since Oct 2, 2000

0.49

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

SPDR Portfolio S&P 500 Value ETF

Cadence Design Systems, Inc.

Often compared with SPYV:
SPYV vs. SPYGSPYV vs. VTVSPYV vs. SPYSPYV vs. SCHDSPYV vs. BRK-BSPYV vs. SPHQSPYV vs. SPYD
Often compared with CDNS:
CDNS vs. ORCLCDNS vs. STMCDNS vs. MCHPCDNS vs. AVGOCDNS vs. LSCCCDNS vs. APHCDNS vs. MPWR

Return for Risk

SPYV vs. CDNS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SPYV
SPYV Risk / Return Rank: 7575
Overall Rank
SPYV Sharpe Ratio Rank: 7575
Sharpe Ratio Rank
SPYV Sortino Ratio Rank: 7676
Sortino Ratio Rank
SPYV Omega Ratio Rank: 7373
Omega Ratio Rank
SPYV Calmar Ratio Rank: 7575
Calmar Ratio Rank
SPYV Martin Ratio Rank: 7777
Martin Ratio Rank
CDNS
CDNS Risk / Return Rank: 6161
Overall Rank
CDNS Sharpe Ratio Rank: 6464
Sharpe Ratio Rank
CDNS Sortino Ratio Rank: 6161
Sortino Ratio Rank
CDNS Omega Ratio Rank: 6060
Omega Ratio Rank
CDNS Calmar Ratio Rank: 6161
Calmar Ratio Rank
CDNS Martin Ratio Rank: 6161
Martin Ratio Rank
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.

SPYV vs. CDNS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR Portfolio S&P 500 Value ETF (SPYV) 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.

SPYVCDNSDifference
Sharpe ratioReturn per unit of total volatility
2.08
0.65

+1.43

Sortino ratioReturn per unit of downside risk
2.92
1.18

+1.74

Omega ratioGain probability vs. loss probability

1.37

1.15

+0.22

Calmar ratioReturn relative to maximum drawdown

3.33

0.87

+2.46

Martin ratioReturn relative to average drawdown

12.73

1.84

+10.88

SPYV vs. CDNS - Sharpe Ratio Comparison

The current SPYV Sharpe Ratio is 2.08, which is higher than the CDNS Sharpe Ratio of 0.65. The chart below compares the historical Sharpe Ratios of SPYV and CDNS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

SPYV vs. CDNS - Drawdown Comparison

The maximum SPYV drawdown since its inception was -58.45%, smaller than the maximum CDNS drawdown of -93.13%. Use the drawdown chart below to compare losses from any high point for SPYV and CDNS.

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Drawdown Indicators

SPYVCDNSDifference

Max Drawdown

Largest peak-to-trough decline

-58.45%

-93.13%

+34.68%

Max Drawdown (1Y)

Largest decline over 1 year

-6.22%

-28.85%

+22.63%

Max Drawdown (3Y)

Largest decline over 3 years

-17.54%

-29.05%

+11.51%

Max Drawdown (5Y)

Largest decline over 5 years

-17.89%

-29.59%

+11.70%

Max Drawdown (10Y)

Largest decline over 10 years

-36.89%

-32.12%

-4.77%

Current Drawdown

Current decline from peak

-0.18%

-7.55%

+7.37%

Average Drawdown

Average peak-to-trough decline

-8.71%

-39.62%

+30.91%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.63%

13.63%

-12.00%

Volatility

SPYV vs. CDNS - Volatility Comparison

The current volatility for SPDR Portfolio S&P 500 Value ETF (SPYV) is 2.70%, while Cadence Design Systems, Inc. (CDNS) has a volatility of 16.52%. This indicates that SPYV 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

SPYVCDNSDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.70%

16.52%

-13.82%

Volatility (6M)

Calculated over the trailing 6-month period

7.26%

31.73%

-24.47%

Volatility (1Y)

Calculated over the trailing 1-year period

9.97%

38.94%

-28.97%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.42%

36.17%

-21.75%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.94%

34.12%

-17.18%

Dividends

SPYV vs. CDNS - Dividend Comparison

SPYV's dividend yield for the trailing twelve months is around 1.68%, while CDNS has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
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%
SPYV
SPDR Portfolio S&P 500 Value ETF		1.68%1.77%2.29%1.75%2.22%2.10%2.38%2.25%2.97%2.77%2.39%2.53%

Frequently Asked Questions

SPYV and CDNS have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

CDNS has higher volatility (16.52%) compared to SPYV (2.70%). In terms of maximum drawdown, SPYV dropped -58.45% vs CDNS's -93.13%.

SPYV currently has the higher Sharpe Ratio (2.08 vs 0.65), 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.

Portfolio Optimizer

Find the right allocation for SPYV and CDNS

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