CDNS vs ORCL: Correlation
Measured on weekly returns over the past three years, Cadence Design Systems (CDNS) and Oracle Corporation (ORCL) carry a correlation of 0.49, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CDNS and ORCL?
Across a 3-year window, the weekly returns of CDNS and ORCL correlate at 0.49, moderate. Little has changed lately, as the 1-year reading of 0.54 lands near the 3-year figure. Stretching to 5 years gives 0.46, with an annualized covariance of 877.9 %².
By 3-year correlation, ORCL places #21 of the 34 assets tracked against CDNS. Their recent paths diverged sharply: over the last 12 months CDNS outperformed by 35.0 percentage points (+0.2% for CDNS against -34.8% for ORCL). The rolling one-year correlation moved between 0.34 and 0.63 over the past three years, a moderate range.
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 ORCL: side by side
| CDNS (Cadence Design Systems) | ORCL (Oracle Corporation) | |
|---|---|---|
| 1-year return | +0.2% | -34.8% |
| 5-year return | +112.1% | +81.7% |
| Volatility (ann.) | 35.8% | 49.9% |
| Beta vs S&P 500 | 1.45 | 1.71 |
| Max drawdown (3Y) | -29.1% | -64.6% |
| Market cap | $95.7B | $437.7B |
| P/E (trailing) | 66.7 | 25.5 |
| Dividend yield | 0.00% | 1.34% |
| Sector / category | Information Technology | Information Technology |
Year-by-year returns
| Year | CDNS | ORCL |
|---|---|---|
| 2022 | -13.8% | -4.6% |
| 2023 | +69.6% | +30.9% |
| 2024 | +10.3% | +60.0% |
| 2025 | +4.0% | +18.1% |
| 2026 | +11.2% | -21.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CDNS and ORCL good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.49 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CDNS and ORCL?
Using weekly returns as of 2026-08-27: 0.49 over 3 years, with 0.54 over the last year and 0.46 over 5 years.
Is ORCL a good diversifier for CDNS?
Yes, to a useful degree: a correlation of 0.49 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.49 mean?
On the −1 to +1 scale, 0.49 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/cdns-vs-orcl.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cdns-vs-orcl/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CDNS correlations · ORCL correlations
