CDNS vs FFIV: Correlation
How closely do Cadence Design Systems (CDNS) and F5, Inc. (FFIV) trade together? Their weekly returns over three years give a correlation of 0.44, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CDNS and FFIV?
Over the past 3 years, CDNS and FFIV moved with a correlation of 0.44, which is moderate. Recent behaviour matches the longer record: 0.40 over 1 year against 0.44 over 3. Over 5 years the correlation is 0.49, and the annualized covariance of weekly returns is 415.7 %².
By 3-year correlation, FFIV places #22 of the 34 assets tracked against CDNS. Correlation aside, the last 12 months split them widely, with FFIV ahead by 28.9 points (+0.2% versus +29.1%). Across three years, the rolling one-year figure varied moderately, from 0.28 to 0.67.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
CDNS vs FFIV: side by side
| CDNS (Cadence Design Systems) | FFIV (F5, Inc.) | |
|---|---|---|
| 1-year return | +0.2% | +29.1% |
| 5-year return | +112.1% | +99.3% |
| Volatility (ann.) | 35.8% | 26.6% |
| Beta vs S&P 500 | 1.45 | 0.77 |
| Max drawdown (3Y) | -29.1% | -34.7% |
| Market cap | $95.7B | $23.2B |
| P/E (trailing) | 66.7 | 31.8 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Information Technology | Information Technology |
Year-by-year returns
| Year | CDNS | FFIV |
|---|---|---|
| 2022 | -13.8% | -41.4% |
| 2023 | +69.6% | +24.7% |
| 2024 | +10.3% | +40.5% |
| 2025 | +4.0% | +1.5% |
| 2026 | +11.2% | +60.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CDNS and FFIV good diversifiers for each other?
Reasonably. At 0.44, CDNS and FFIV keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CDNS and FFIV?
As of 2026-08-27, the correlation of weekly returns between CDNS and FFIV is 0.44 over 3 years, 0.40 over 1 year and 0.49 over 5 years.
Is FFIV a good diversifier for CDNS?
Reasonably. At 0.44, CDNS and FFIV keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.44 mean?
A reading of 0.44 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/cdns-vs-ffiv.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cdns-vs-ffiv/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CDNS correlations · FFIV correlations
