CDNS vs POR: Correlation
Measured on weekly returns over the past three years, Cadence Design Systems (CDNS) and Portland General Electric Co (POR) carry a correlation of -0.23, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CDNS and POR?
Over the past 3 years, CDNS and POR moved with a correlation of -0.23, which is negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.12) than the 3-year average (-0.23). Over 5 years the correlation is -0.04, and the annualized covariance of weekly returns is -150.8 %².
Among the 34 assets we track against CDNS, POR ranks #28 by 3-year correlation. The last year tells two different stories: POR led by 20.8 percentage points, +0.2% for CDNS against +21.0% for POR. Risk is not evenly split, since CDNS carries 1.9 times the volatility of the other side.
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 POR: side by side
| CDNS (Cadence Design Systems) | POR (Portland General Electric Co) | |
|---|---|---|
| 1-year return | +0.2% | +21.0% |
| 5-year return | +112.1% | +20.7% |
| Volatility (ann.) | 35.8% | 18.5% |
| Beta vs S&P 500 | 1.45 | 0.10 |
| Max drawdown (3Y) | -29.1% | -16.3% |
| Market cap | $95.7B | $5.9B |
| P/E (trailing) | 66.7 | 22.2 |
| Dividend yield | 0.00% | 4.24% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | CDNS | POR |
|---|---|---|
| 2022 | -13.8% | -4.0% |
| 2023 | +69.6% | -7.7% |
| 2024 | +10.3% | +5.3% |
| 2025 | +4.0% | +15.4% |
| 2026 | +11.2% | +6.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CDNS and POR good diversifiers for each other?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
FAQ
What is the correlation between CDNS and POR?
The CDNS/POR correlation stands at -0.23 on a 3-year window (1 year: -0.12, 5 years: -0.04), computed from weekly returns as of 2026-08-27.
Is POR a good diversifier for CDNS?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
What does a correlation of -0.23 mean?
A reading of -0.23 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-por.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cdns-vs-por/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CDNS correlations · POR correlations
