CDNS correlations (Cadence Design Systems)
CDNS measured against 4756 US stocks and ETFs: closest co-movers on one side, the best offsets on the other, all from weekly returns.
Data as of 2026-08-27 · refreshed every trading day · Information Technology · Application Software
Volatility (ann.)
35.8%
3y weekly
Beta vs S&P 500
1.45
3y weekly
1-year return
+0.2%
price, adjusted
5-year return
+112.1%
price, adjusted
Market cap
$95.7B
latest
P/E ratio
66.7
trailing
Max drawdown
-29.1%
3y, daily closes
CDNS over the last 12 months, weekly closes indexed to 100 at the start.
Stocks and ETFs most correlated with CDNS
| Asset | Correlation (3Y) | ||
|---|---|---|---|
| SNPS | Synopsys | 0.76 | |
| XLK | Technology Select Sector SPDR Fund | 0.67 | |
| QQQM | Invesco Nasdaq 100 ETF | 0.66 | |
| QQQ | Invesco QQQ Trust | 0.66 | |
| SPYG | SPDR Portfolio S&P 500 Growth ETF | 0.64 | |
| VUG | Vanguard Growth ETF | 0.64 | |
| SMH | VanEck Semiconductor ETF | 0.63 | |
| STK | Columbia Seligman Premium Technology Growth Fund Inc | 0.63 | |
| MTUM | iShares MSCI USA Momentum Factor ETF | 0.62 | |
| FNGO | MicroSectors FANG Index 2X Leveraged ETNs due January 8 | 0.62 | |
| EOS | Eaton Vance Enhance Equity Income Fund II | 0.60 | |
| QUAL | iShares MSCI USA Quality Factor ETF | 0.60 | |
| NBXG | Neuberger Next Generation Connectivity Fund Inc. | 0.60 | |
| SOXX | iShares Semiconductor ETF | 0.59 | |
| VOO | Vanguard S&P 500 ETF | 0.59 |
Best diversifiers for CDNS
The least-correlated liquid assets in our universe, meaning the ones that historically moved most independently from CDNS.
| Asset | Correlation (3Y) | ||
|---|---|---|---|
| FNGD | MicroSectors FANG Index -3X Inverse Leveraged ETNs due | -0.63 | |
| VXX | iPath Series B S&P 500 VIX Short-Term Futures ETN | -0.42 | |
| VXZ | iPath Series B S&P 500 VIX Mid-Term Futures ETN | -0.40 | |
| ED | Consolidated Edison | -0.31 | |
| DUK | Duke Energy | -0.27 | |
| SO | Southern Company | -0.26 | |
| PEP | PepsiCo | -0.23 | |
| POR | Portland General Electric Co | -0.23 | |
| NJR | NewJersey Resources Corporation | -0.22 | |
| WTRG | Essential Utilities, Inc. | -0.21 |
CDNS vs benchmarks
CDNS vs its peers
Get CDNS data as JSON
$ curl https://www.pairbook.io/api/v1/symbols/cdns.jsonCorrelations, diversifiers, beta and volatility for CDNS, plus one endpoint per pair. API documentation.
CDNS inside major ETFs
| ETF | CDNS weight | |
|---|---|---|
| XLK | Technology Select Sector SPDR Fund | 0.62% |
| QUAL | iShares MSCI USA Quality Factor ETF | 0.55% |
| QQQ | Invesco QQQ Trust | 0.41% |
| QQQM | Invesco Nasdaq 100 ETF | 0.41% |
| VUG | Vanguard Growth ETF | 0.28% |
| USMV | iShares MSCI USA Min Vol Factor ETF | 0.19% |
| RSP | Invesco S&P 500 Equal Weight ETF | 0.16% |
| SPYG | SPDR Portfolio S&P 500 Growth ETF | 0.16% |
| VOO | Vanguard S&P 500 ETF | 0.15% |
| IVV | iShares Core S&P 500 ETF | 0.14% |
