CDNS vs TSN: Correlation
How closely do Cadence Design Systems (CDNS) and Tyson Foods (TSN) trade together? Their weekly returns over three years give a correlation of -0.21, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CDNS and TSN?
On 3 years of weekly data the CDNS/TSN correlation comes out at -0.21, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.18) sits close to the 3-year figure. The 5-year figure is -0.03, and annualized covariance runs at -166.9 %².
Within CDNS's tracked universe of 34 assets, TSN comes in at #24 by 3-year correlation. Neither side won the trailing year by much: +0.2% against -0.3%. This link changes with the market regime, having swung between -0.48 and 0.23 on a rolling one-year basis. Note the risk asymmetry: CDNS runs 1.6 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 TSN: side by side
| CDNS (Cadence Design Systems) | TSN (Tyson Foods) | |
|---|---|---|
| 1-year return | +0.2% | -0.3% |
| 5-year return | +112.1% | -17.3% |
| Volatility (ann.) | 35.8% | 22.8% |
| Beta vs S&P 500 | 1.45 | 0.19 |
| Max drawdown (3Y) | -29.1% | -20.3% |
| Market cap | $95.7B | $19.5B |
| P/E (trailing) | 66.7 | 35.0 |
| Dividend yield | 0.00% | 0.88% |
| Sector / category | Information Technology | Consumer Staples |
Year-by-year returns
| Year | CDNS | TSN |
|---|---|---|
| 2022 | -13.8% | -26.9% |
| 2023 | +69.6% | -10.4% |
| 2024 | +10.3% | +10.5% |
| 2025 | +4.0% | +5.7% |
| 2026 | +11.2% | -4.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CDNS and TSN good diversifiers for each other?
Yes. With a correlation of -0.21, CDNS and TSN have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CDNS and TSN?
As of 2026-08-27, the correlation of weekly returns between CDNS and TSN is -0.21 over 3 years, -0.18 over 1 year and -0.03 over 5 years.
Is TSN a good diversifier for CDNS?
Yes. With a correlation of -0.21, CDNS and TSN have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.21 mean?
A reading of -0.21 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-tsn.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cdns-vs-tsn/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CDNS correlations · TSN correlations
