VERA vs. CDNS

Last updated Aug 1, 2026

VERA (Vera Therapeutics, Inc.) and CDNS (Cadence Design Systems, Inc.) are both stocks. VERA operates in Biotechnology (Healthcare), while CDNS operates in Software - Application (Technology). Over the past 5 years, VERA returned 12.27%/yr vs 18.16%/yr for CDNS. Their 0.19 correlation means their historical movements had little consistent relationship.

Performance

VERA vs. CDNS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vera Therapeutics, Inc. (VERA) and Cadence Design Systems, Inc. (CDNS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VERA achieves a -36.61% return, which is significantly lower than CDNS's 8.78% return.

VERA

• 1D: -2.87%
• 1M: -22.09%
• 6M: -25.80%
• YTD: -36.61%
• 1Y: 53.22%
• 3Y*: 18.93%
• 5Y*: 12.27%
• 10Y*: —
• ALL TIME*: 21.95%

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%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
CDNS Cadence Design Systems, Inc.	$973.07M	$815.70M	$896.70M
VERA Vera Therapeutics, Inc.	$57.93M	$92.77M	$65.17M

VERA vs. CDNS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
VERA Vera Therapeutics, Inc.	-36.61%	19.74%	174.97%	-20.52%	-27.58%	134.18%
CDNS Cadence Design Systems, Inc.	8.78%	4.03%	10.31%	69.55%	-13.80%	52.66%

Correlation

The correlation between VERA and CDNS is 0.12, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.12
Correlation (3Y) Balances recent behavior with more history.	0.17
Correlation (5Y) Shows whether the relationship held over a longer period.	0.19
Correlation (All Time) Calculated using the full available price history since May 14, 2021	0.19

Fundamentals

Market Cap VERA : $2.30B CDNS : $93.78B
EPS VERA : -$5.55 CDNS : $5.03
PB Ratio VERA : 4.59 CDNS : 10.74
Total Revenue (TTM) VERA : $0.00 CDNS : $5.84B
Gross Profit (TTM) VERA : $0.00 CDNS : $5.34B
EBITDA (TTM) VERA : -$362.33M CDNS : $1.94B

Return for Risk

VERA vs. CDNS — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

VERA

VERA Risk / Return Rank: 71
VERA Sharpe Ratio Rank: 74
VERA Sortino Ratio Rank: 75
VERA Omega Ratio Rank: 70
VERA Calmar Ratio Rank: 70
VERA Martin Ratio Rank: 67

CDNS

CDNS Risk / Return Rank: 35
CDNS Sharpe Ratio Rank: 37
CDNS Sortino Ratio Rank: 34
CDNS Omega Ratio Rank: 33
CDNS Calmar Ratio Rank: 37
CDNS Martin Ratio Rank: 36

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

VERA vs. CDNS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vera Therapeutics, Inc. (VERA) 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.

	VERA	CDNS	Difference
Sharpe ratio: Return per unit of total volatility	0.93	-0.17	+1.10
Sortino ratio: Return per unit of downside risk	1.74	0.03	+1.71
Omega ratio: Gain probability vs. loss probability	1.19	1.00	+0.19
Calmar ratio: Return relative to maximum drawdown	1.25	-0.23	+1.48
Martin ratio: Return relative to average drawdown	2.41	-0.47	+2.88

VERA vs. CDNS - Sharpe Ratio Comparison

The current VERA Sharpe Ratio is 0.93, which is higher than the CDNS Sharpe Ratio of -0.17. The chart below compares the historical Sharpe Ratios of VERA 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.

Drawdowns

VERA vs. CDNS - Drawdown Comparison

The maximum VERA drawdown since its inception was -84.89%, smaller than the maximum CDNS drawdown of -93.13%. Use the drawdown chart below to compare losses from any high point for VERA and CDNS.

Drawdown Indicators

	VERA	CDNS	Difference
Max Drawdown Largest peak-to-trough decline	-84.89%	-93.13%	+8.24%
Max Drawdown (1Y) Largest decline over 1 year	-43.85%	-28.85%	-15.00%
Max Drawdown (3Y) Largest decline over 3 years	-62.09%	-29.05%	-33.04%
Max Drawdown (5Y) Largest decline over 5 years	-84.89%	-29.59%	-55.30%
Max Drawdown (10Y) Largest decline over 10 years	—	-32.12%	—
Current Drawdown Current decline from peak	-42.34%	-18.34%	-24.00%
Average Drawdown Average peak-to-trough decline	-39.77%	-39.52%	-0.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	22.66%	14.40%	+8.26%

Volatility

VERA vs. CDNS - Volatility Comparison

Vera Therapeutics, Inc. (VERA) has a higher volatility of 14.46% compared to Cadence Design Systems, Inc. (CDNS) at 13.74%. This indicates that VERA'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.

Volatility by Period

	VERA	CDNS	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.46%	13.74%	+0.72%
Volatility (6M) Calculated over the trailing 6-month period	36.78%	33.00%	+3.78%
Volatility (1Y) Calculated over the trailing 1-year period	58.96%	39.53%	+19.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	89.98%	36.66%	+53.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	90.57%	34.29%	+56.28%

Dividends

VERA vs. CDNS - Dividend Comparison

Neither VERA nor CDNS has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both VERA and CDNS in my portfolio?

VERA and CDNS have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VERA or CDNS?

VERA has higher volatility (14.46%) compared to CDNS (13.74%). In terms of maximum drawdown, VERA dropped -84.89% vs CDNS's -93.13%.

Which has better risk-adjusted returns?

VERA currently has the higher Sharpe Ratio (0.93 vs -0.17), 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.