CDNS vs QCOM: Correlation
Cadence Design Systems (CDNS) and Qualcomm (QCOM) show a moderate relationship: their 3-year correlation of weekly returns is 0.51.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CDNS and QCOM?
Over the past 3 years, CDNS and QCOM moved with a correlation of 0.51, which is moderate. Little has changed lately, as the 1-year reading of 0.50 lands near the 3-year figure. Over 5 years the correlation is 0.53, and the annualized covariance of weekly returns is 776.2 %².
By 3-year correlation, QCOM places #20 of the 34 assets tracked against CDNS. Over the last 12 months QCOM came out ahead by 5.1 percentage points (+0.2% against +5.3%). On a rolling one-year basis the correlation drifted between 0.42 and 0.70, a moderate band.
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 QCOM: side by side
| CDNS (Cadence Design Systems) | QCOM (Qualcomm) | |
|---|---|---|
| 1-year return | +0.2% | +5.3% |
| 5-year return | +112.1% | +25.8% |
| Volatility (ann.) | 35.8% | 42.4% |
| Beta vs S&P 500 | 1.45 | 1.77 |
| Max drawdown (3Y) | -29.1% | -44.2% |
| Market cap | $95.7B | $176.0B |
| P/E (trailing) | 66.7 | 18.9 |
| Dividend yield | 0.00% | 2.19% |
| Sector / category | Information Technology | Information Technology |
Year-by-year returns
| Year | CDNS | QCOM |
|---|---|---|
| 2022 | -13.8% | -38.6% |
| 2023 | +69.6% | +35.1% |
| 2024 | +10.3% | +8.3% |
| 2025 | +4.0% | +13.8% |
| 2026 | +11.2% | -2.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CDNS and QCOM good diversifiers for each other?
Only partially. A correlation of 0.51 means CDNS and QCOM share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between CDNS and QCOM?
As of 2026-08-27, the correlation of weekly returns between CDNS and QCOM is 0.51 over 3 years, 0.50 over 1 year and 0.53 over 5 years.
Is QCOM a good diversifier for CDNS?
Only partially. A correlation of 0.51 means CDNS and QCOM share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.51 mean?
On the −1 to +1 scale, 0.51 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-qcom.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cdns-vs-qcom/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CDNS correlations · QCOM correlations
