# How Cadence Design Systems (CDNS) compares with the whole market and its popular alternatives

> Source: EasyCompare research, https://easycompare.io/research/cdns
> Data as of October 20, 2026. Total returns include reinvested dividends. Past performance does not predict future results; nothing here is investment advice.

Built by QuantCommons' quantitative engine, this page is about relative opportunity, not data on CDNS alone. It places CDNS (Cadence Design Systems, Inc.) against 10 popular alternatives, its neighboring categories and the entire market of over 10,000 U.S.-listed stocks and ETFs, and surfaces what has done better on consistent outperformance, return for the risk taken, behavior in real market crashes and diversification. The result is a clearer view of where CDNS stands in the market, and of the alternatives worth a closer look.

Period covered: CDNS's full trading record, from June 1987 through September 2026. All returns include reinvested dividends. Data as of October 20, 2026.

## Key findings

- **Right now:** The slide is CDNS's own: it is 23.2% below its high, against 1.3% for the S&P 500. CDNS has trailed the market, rising 0.4% over the past 6 months against 9.1% for the S&P 500 and 11.2% for the Nasdaq 100.
- **Stock or market?:** The weakness is CDNS's own: it fell 3.0% over the past 3 months while the software ETF IGV (iShares Expanded Tech-Software Sector ETF) rose 15.0%. The S&P 500 rose 3.9%. On the flip side, last month cut against the tape: CDNS rose 8.5% while the S&P 500 fell 0.6%.
- **Past 1 to 3 years:** Over the past year, CDNS fell 3.0% while the S&P 500 rose 15.8%. The same gap shows up over 3 years (34.0% against 89.3%). The long record (ahead of 96% of the stocks worth at least $300 million over 10 years) has not carried into the past 3 years (behind 59% of them).
- **Long term:** CDNS turned $10,000 into $124,000 over the past decade, against $42,100 in the S&P 500. CDNS's 10-year return of 1,139% puts it ahead of 96% of the stocks worth at least $300 million with that much history. The S&P 500 returned 321%.
- **In a crash:** Across seven sell-offs, CDNS has typically fallen 1.2 times as far as the S&P 500. That said, in the 2022 bear market, CDNS held up better than SNPS (Synopsys), ADSK and BSY; only PTC fell less.
- **Diversification:** Against the S&P 500, CDNS has a correlation of 0.59 over 5 years, more closely than 88% of stocks worth at least $300 million. Next to an index fund it is some diversification, but not a hedge.
- **Better options**
  - **Popular alternatives:** TSM (Taiwan Semiconductor Manufacturing) and SMH (VanEck Semiconductor ETF) earned more than CDNS over the past 5 years with similar volatility: TSM returned 31.5% a year at 38.5% volatility, against 14.8% a year at 37.2%.
  - **Nearby categories and themes:** ADI (Analog Devices, semiconductors) and FFIV (F5, cybersecurity) earned more than CDNS with less volatility over the past 5 years. ADI returned 19.5% a year at 34.1% volatility, against 14.8% a year at 37.2%.
  - **Whole market:** 285 of the 3,633 stocks and funds worth at least $500 million earned more than CDNS with less volatility over the past 5 years, among them AAPL (Apple), GOOG (Alphabet) and LLY (Eli Lilly and Company).

## How much would $10,000 in CDNS have grown?

This chart tracks a hypothetical $10,000 investment in CDNS over the past 28 years, with dividends reinvested, alongside the same amount in the S&P 500, investments that ended ahead of CDNS over the same span and CDNS's popular alternatives, among those that traded for the entire period.

- $10,000 invested in CDNS at the end of September 1998 would have grown to $129,178 by September 2026, more than the $121,630 it would have become in SPY, an S&P 500 fund.
- Five of the six other investments on the chart ended ahead of CDNS, and ASML finished highest, at $3,096,887.

## CDNS at a glance

This section summarizes the key facts about the stock, its returns over periods from one to ten years and the risk it has carried, with dividends reinvested throughout.

- CDNS is still 23.2% below its all-time high.
- CDNS's deepest decline since it began trading in 1987 was 93.1%, from April 1998 to December 2008. It took about nine years from the low to climb back to its old high.
- Over 29 full calendar years, CDNS's best was 2020, when it returned 96.7%, and its worst was 2008, when it lost 78.5%. It lost money in seven of those years.

- Type: Stock, Technology (Software - Application)
- Trading since: June 10, 1987
- Market value: $88B
- Volatility (5 years): 37.2%; Sharpe ratio: 0.56
- Worst decline ever: −93.1%, from April 21, 1998 to December 15, 2008; back at its high by August 30, 2017

| Period | CDNS total return |
| --- | --- |
| 1 month | +8.5% |
| 3 months | −3.0% |
| 6 months | +0.4% |
| year to date | +3.1% |
| 1 year | −3.0% |
| 3 years | +34.0% |
| 5 years | +99.8% |
| 10 years | +1,139% |

## CDNS against the whole market

Where CDNS ranks among every stock and fund, and what across the market has done better.

### How does CDNS rank among all stocks?

This section ranks CDNS on return, volatility, risk-adjusted return and worst decline against every stock worth at least $300 million with enough history.

- CDNS's worst decline of the past 10 years ranks in the top 3% of the 2,187 stocks worth at least $300 million, where the top fell the least.

| Measure | CDNS | Rank |
| --- | --- | --- |
| 1-year return | −3.0% | 2,109 of 3,287 (top 65%) |
| 3-year return | +34.0% | 1,785 of 3,017 (top 60%) |
| 5-year return | +99.8% | 684 of 2,893 (top 24%) |
| 10-year return | +1,139% | 86 of 2,202 (top 4%) |
| Volatility, 5 years | 37.2% | 1,282 of 2,893 (top 45%) |
| Sharpe ratio, 5 years | 0.56 | 785 of 2,893 (top 28%) |
| Worst decline, past 10 years | −34.2% | 59 of 2,187 (top 3%) |

### What has beaten CDNS on both return and risk?

Each dot is an investment, placed by how much it earned a year over the past 5 years (higher is better) and how much its price swung, its volatility (further left is calmer).

- 223 stocks and 62 ETFs worth at least $500 million sit in the green region: each earned more than CDNS over the past 5 years with smaller price swings. That is 8% of the 3,633 screened.
- Among those with at least half CDNS's swings, CAH has the best return for its risk: 42.1% a year at 24.7% volatility, 34% less than CDNS's 37.2%, and a Sharpe ratio (return above cash per unit of volatility) of 1.55 against 0.56 for CDNS. MPC earned the most, 51.2% a year, while still swinging less than CDNS (33.4% against 37.2%).
- None of CDNS's popular alternatives made it, but ADI (semiconductors) did: 19.5% a year at 34.1% volatility, 8% less than CDNS's 37.2%.

### Is there a better investment than CDNS?

The table below lists investments that beat CDNS over the past 5 years on at least one of these measures: a higher annual return with lower volatility, a higher annual return at similar volatility, a similar return with lower volatility, a higher Sharpe ratio with a smaller worst decline, a higher total return in most periods from 3 months to 10 years, or smaller losses in recent market crashes.

- Among CDNS's popular alternatives, TSM and SMH earned more than CDNS over the past 5 years with similar volatility: TSM returned 31.5% a year at 38.5% volatility, against 14.8% a year at 37.2%.
- Looking beyond its popular alternatives, ADI (semiconductors) and FFIV (cybersecurity) earned more than CDNS with less volatility over the past 5 years. ADI returned 19.5% a year at 34.1% volatility, against 14.8% a year at 37.2%.
- Across the whole market, 285 of the 3,633 stocks and funds worth at least $500 million earned more than CDNS with less volatility over the past 5 years, among them AAPL, GOOG and LLY.

The 15 strongest of 285 investments that beat CDNS over the past 5 years, out of 3,633 stocks and funds worth at least $500 million.

| Investment | Group | Annual return (5 years) | Volatility | Sharpe | Worst decline (10 years) | 10Y return | Correlation with CDNS | Better on |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| CDNS: Cadence Design Systems, Inc. (this page) |  | +14.8% | 37.2% | 0.56 | −34.2% | +1,139% |  |  |
| [WMT](https://easycompare.io/research/wmt): Walmart Inc. | Discount Retail | +20.8% | 22.6% | 0.96 | −25.7% | +508% | 0.22 | Higher return, lower volatility; Higher Sharpe, smaller worst decline; Higher return in most periods |
| [NVS](https://easycompare.io/research/nvs): Novartis AG | Pharmaceuticals | +17.1% | 20.7% | 0.87 | −26.8% | +226% | 0.01 | Higher return, lower volatility; Higher Sharpe, smaller worst decline; Higher return in most periods |
| [AMGN](https://easycompare.io/research/amgn): Amgen Inc. | Biotechnology | +19.6% | 24.9% | 0.85 | −24.9% | +266% | -0.12 | Higher return, lower volatility; Higher Sharpe, smaller worst decline; Higher return in most periods |
| [RY](https://easycompare.io/research/ry): Royal Bank of Canada | Banks | +17.3% | 18.2% | 0.97 | −40.0% | +352% | 0.20 | Higher return, lower volatility; Higher return in most periods |
| [MPC](https://easycompare.io/research/mpc): Marathon Petroleum Corporation | Oil & Gas | +51.2% | 33.4% | 1.41 | −79.7% | +1,387% | -0.07 | Higher return, lower volatility; Higher return in most periods |
| [CAH](https://easycompare.io/research/cah): Cardinal Health, Inc. | Health Care Distribution | +42.1% | 24.7% | 1.55 | −46.1% | +349% | 0.05 | Higher return, lower volatility; Higher return in most periods |
| ACT: Enact Holdings Inc. | Insurance | +20.5% | 24.3% | 0.89 | −20.2% | — | -0.02 | Higher return, lower volatility; Higher Sharpe, smaller worst decline; Higher return in most periods |
| [AAPL](https://easycompare.io/research/aapl): Apple Inc. | Computer Hardware | +18.5% | 28.0% | 0.75 | −38.5% | +1,168% | 0.37 | Higher return, lower volatility; Higher return in most periods |
| [MPLX](https://easycompare.io/research/mplx): MPLX Lp | Oil & Gas Midstream | +23.5% | 18.8% | 1.22 | −75.2% | +350% | 0.08 | Higher return, lower volatility; Higher return in most periods |
| [LLY](https://easycompare.io/research/lly): Eli Lilly and Company | Pharmaceuticals | +40.7% | 32.8% | 1.21 | −34.5% | +1,807% | 0.20 | Higher return, lower volatility; Higher return in most periods |
| [XOM](https://easycompare.io/research/xom): Exxonmobil Holdings Corporation | Integrated Oil & Gas | +27.1% | 26.5% | 1.04 | −61.0% | +214% | -0.28 | Higher return, lower volatility; Higher return in most periods |
| [JPM](https://easycompare.io/research/jpm): JPMorgan Chase & Co. | Banks | +17.3% | 24.3% | 0.78 | −43.6% | +537% | 0.20 | Higher return, lower volatility; Higher return in most periods |
| [ABBV](https://easycompare.io/research/abbv): AbbVie Inc. | Pharmaceuticals | +26.1% | 23.4% | 1.11 | −45.1% | +603% | -0.09 | Higher return, lower volatility; Higher return in most periods |
| [HSBC](https://easycompare.io/research/hsbc): HSBC Holdings plc | Banks | +33.1% | 25.9% | 1.24 | −62.3% | +319% | 0.00 | Higher return, lower volatility; Higher return in most periods |
| DXJ: WisdomTree Japan Hedged Equity Fund | International Equity | +26.6% | 19.1% | 1.34 | −39.1% | +428% | 0.34 | Higher return, lower volatility; Higher return in most periods |

## CDNS against its popular alternatives

The investments people most often weigh against CDNS, compared period by period and year by year.

### How do CDNS's risk and return compare with its alternatives?

This map plots each investment's annual return over the past 5 years against its volatility, the size of its typical price swings.

- Only SMH was both more rewarding and calmer than CDNS over the past 5 years, earning a higher annual return with lower volatility.
- Over the past 5 years, CDNS returned 14.8% a year, more than the S&P 500's 12.7%, with higher volatility (37.2% against 17.1%).

### Has CDNS consistently beaten its popular alternatives?

This section compares CDNS with the investments people most often weigh against it, checking each one over eight periods from one month to ten years.

- Three of the ten popular alternatives, NVDA, SMH and TSM, outperformed CDNS in at least 3 of 5 short-term and 2 of 3 long-term timeframes.
- NVDA, SMH and TSM outperformed CDNS in every long-term period and in all but one short-term period, the most consistent record in the group.

| Investment | 1Y return | 3Y return | 5Y return | 10Y return | Periods ahead of CDNS | Verdict | Sharpe |
| --- | --- | --- | --- | --- | --- | --- | --- |
| CDNS: Cadence Design Systems, Inc. (this page) | −3.0% | +34.0% | +99.8% | +1,139% |  |  | 0.56 |
| [NVDA](https://easycompare.io/research/nvda): NVIDIA Corporation | +18.8% | +425% | +884% | +13,019% | 4/5 short-term, 3/3 long-term | all-weather | 1.14 |
| [SMH](https://easycompare.io/research/smh): VanEck Semiconductor ETF | +57.8% | +290% | +323% | +1,665% | 4/5 short-term, 3/3 long-term | all-weather | 0.97 |
| [TSM](https://easycompare.io/research/tsm): Taiwan Semiconductor Manufacturing Company Limited | +44.3% | +382% | +293% | +1,505% | 4/5 short-term, 3/3 long-term | all-weather | 0.91 |
| PTC: PTC Inc. | −6.1% | +40.4% | +49.3% | +317% | 4/5 short-term, 1/3 long-term |  | 0.40 |
| [KEYS](https://easycompare.io/research/keys): Keysight Technologies, Inc. | +103% | +172% | +91.9% | +923% | 3/5 short-term, 1/3 long-term |  | 0.55 |
| [ARM](https://easycompare.io/research/arm): Arm Holdings plc American Depositary Shares | +28.9% | +362% | — | — | 3/5 short-term, 1/3 long-term |  | — |
| DSGX: The Descartes Systems Group Inc. | −5.9% | +24.5% | +9.2% | +324% | 4/5 short-term, 0/3 long-term |  | 0.21 |
| [SNPS](https://easycompare.io/research/snps): Synopsys, Inc. | −1.3% | −4.3% | +41.9% | +656% | 3/5 short-term, 0/3 long-term |  | 0.39 |
| BSY: Bentley Systems, Incorporated | −25.6% | −22.4% | −32.4% | — | 3/5 short-term, 0/3 long-term |  | -0.03 |
| [ADSK](https://easycompare.io/research/adsk): Autodesk, Inc. | −20.3% | +21.2% | −17.8% | +245% | 2/5 short-term, 0/3 long-term |  | 0.07 |

### How did CDNS do year by year?

This table shows each investment's total return in every full calendar year since 1997, along with where CDNS ranked among its popular alternatives each year.

- Ranked against its popular alternatives each year, CDNS finished in the top quarter in 11 of 28 years and in the bottom quarter in four. In 2025, it ranked 5 of 11.
- CDNS finished ahead of the S&P 500 in 17 of its 29 full calendar years, and behind it in each of the last two.
- Among its popular alternatives, NVDA came out ahead of CDNS most often, in 18 of the 26 years both traded.

| Year | CDNS | SPY |
| --- | --- | --- |
| 2025 | +4.0% | +17.7% |
| 2024 | +10.3% | +24.9% |
| 2023 | +69.5% | +26.2% |
| 2022 | −13.8% | −18.2% |
| 2021 | +36.6% | +28.7% |
| 2020 | +96.7% | +18.3% |
| 2019 | +59.5% | +31.2% |
| 2018 | +4.0% | −4.6% |
| 2017 | +65.8% | +21.7% |
| 2016 | +21.2% | +12.0% |

## Risk and diversification

How CDNS has fallen, how it held up in crashes beside the S&P 500 and its popular alternatives, and what moves independently of it.

### What were CDNS's worst declines?

A drawdown is the decline from a peak to the lowest point before a new high.

- The slowest recovery came after CDNS fell 93.1% from April 1998 to December 2008; it did not regain that peak until August 2017, nine years later.

| Decline | Peak | Low | Back at the high | SPY over the same dates | Market event |
| --- | --- | --- | --- | --- | --- |
| −93.1% | April 21, 1998 | December 15, 2008 | August 30, 2017 | −8.3% | dot-com bust |
| −75.4% | March 7, 1991 | April 16, 1993 | June 20, 1995 | — |  |
| −66.4% | October 7, 1987 | December 7, 1987 | January 4, 1989 | — |  |
| −51.0% | May 23, 1990 | October 11, 1990 | February 6, 1991 | — |  |
| −47.4% | June 12, 1996 | July 23, 1996 | January 10, 1997 | −6.3% |  |

### How did CDNS do in stock market crashes?

This section measures how far CDNS, the S&P 500 and each alternative fell from peak to trough during every major market crash since 2000.

- Among its popular alternatives, TSM held up best, falling less than CDNS in six of the ten crashes they both traded through.
- CDNS fell further than the S&P 500 in six of the ten crashes it has traded through. The clearest case was the 2008 financial crisis, when CDNS fell 88.2% and the S&P 500 fell 55.2%.

| Crash | Dates | CDNS fall | SPY fall |
| --- | --- | --- | --- |
| Dot-com bust | March 10, 2000 to October 9, 2002 | −72.3% | −47.5% |
| Global financial crisis | October 9, 2007 to March 9, 2009 | −88.2% | −55.2% |
| Flash crash | May 6, 2010 to May 7, 2010 | −4.6% | −1.5% |
| Euro debt crisis | July 22, 2011 to October 3, 2011 | −21.4% | −17.9% |
| China devaluation & oil rout | August 10, 2015 to February 11, 2016 | −19.3% | −12.8% |
| Volmageddon | February 2, 2018 to February 9, 2018 | −10.4% | −6.5% |
| Q4 2018 selloff | September 21, 2018 to December 24, 2018 | −14.1% | −19.3% |
| COVID crash | February 19, 2020 to March 23, 2020 | −32.1% | −33.7% |
| 2022 bear market | January 4, 2022 to October 12, 2022 | −24.3% | −24.5% |
| SVB / regional bank stress | March 8, 2023 to March 13, 2023 | −1.8% | −3.4% |

### How closely does CDNS move with the S&P 500?

Upside capture measures how much of the S&P 500's gains an investment kept in the months the market rose, and downside capture how much of its losses it took in the months the market fell.

- Over the past 10 years, CDNS captured 132% of the S&P 500's gains in rising months and 83% of its losses in falling months, with a beta of 1.09. Its share of the market's gains was larger than its share of the losses.
- Only TSM, NVDA and KEYS had a higher capture ratio (upside capture divided by downside capture) than CDNS's 1.58, out of eight popular alternatives with the same record.
- KEYS took just 71% of the S&P 500's losses, against 83% for CDNS, while still keeping 121% of its gains.

Measured over the past 10 years of monthly returns against SPY.

| Investment | Upside capture | Downside capture | Beta |
| --- | --- | --- | --- |
| CDNS: Cadence Design Systems, Inc. (this page) | 132% | 83.0% | 1.09 |
| [NVDA](https://easycompare.io/research/nvda): NVIDIA Corporation | 248% | 140% | 1.83 |
| [SMH](https://easycompare.io/research/smh): VanEck Semiconductor ETF | 159% | 108% | 1.46 |
| [TSM](https://easycompare.io/research/tsm): Taiwan Semiconductor Manufacturing Company Limited | 138% | 75.0% | 1.15 |
| PTC: PTC Inc. | 105% | 127% | 1.12 |
| [KEYS](https://easycompare.io/research/keys): Keysight Technologies, Inc. | 121% | 71.0% | 1.08 |
| DSGX: The Descartes Systems Group Inc. | 86.0% | 79.0% | 0.86 |
| [SNPS](https://easycompare.io/research/snps): Synopsys, Inc. | 124% | 108% | 1.17 |
| [ADSK](https://easycompare.io/research/adsk): Autodesk, Inc. | 130% | 179% | 1.34 |

### What diversifies CDNS?

Correlation measures how closely two investments move together, on a scale from 1 (in lockstep) through 0 (unrelated) to -1 (in opposite directions).

- Moving a fifth of the money in CDNS into XLE would have cut the portfolio's volatility by 21% over the past 5 years and raised its annual return (+16.9% for CDNS alone, +19.8% for the mix).
- Among large ETFs, LVHI, DXJ and PJUL have moved largely independently of CDNS over the past 5 years, with correlations of 0.48 or lower, and each still earned a positive 5-year return.
- XLE made money in four of the seven calendar years in which CDNS lost money.

| Investment | Correlation with CDNS | 5Y return | Volatility | Sharpe | Rose in CDNS's 7 down years |
| --- | --- | --- | --- | --- | --- |
| LVHI: Franklin International Low Volatility High Dividend Index ETF | 0.06 | +119% | 11.1% | 1.48 | 1 of 7 |
| DXJ: WisdomTree Japan Hedged Equity Fund | 0.34 | +225% | 19.1% | 1.34 | 1 of 7 |
| PJUL: Innovator U.S. Equity Power Buffer ETF | 0.48 | +64.4% | 8.6% | 1.20 | 0 of 7 |
| EMLP: First Trust North American Energy Infrastructure Fund | 0.21 | +101% | 14.5% | 1.04 | 1 of 7 |
| HDV: iShares Core High Dividend ETF | 0.00 | +83.3% | 13.0% | 1.00 | 1 of 7 |
| DBEF: Xtrackers MSCI EAFE Hedged Equity ETF | 0.40 | +85.0% | 13.8% | 0.96 | 0 of 7 |
| [GLD](https://easycompare.io/research/gld): SPDR Gold Shares | 0.02 | +126% | 18.9% | 0.96 | 2 of 7 |
| [XLE](https://easycompare.io/research/xle): State Street Energy Select Sector SPDR ETF | -0.19 | +177% | 25.5% | 0.93 | 4 of 7 |

## Common questions

### What was CDNS's worst drawdown?

CDNS's deepest decline since it began trading in 1987 was 93.1%, from April 1998 to December 2008. It took about nine years from the low to climb back to its old high.

### What were CDNS's best and worst years?

Over 29 full calendar years, CDNS's best year was 2020, when it returned 96.7%. Its worst was 2008, with a return of -78.5%.

### Is there a better investment than CDNS?

Among CDNS's popular alternatives, TSM and SMH earned more than CDNS over the past 5 years with similar volatility: TSM returned 31.5% a year at 38.5% volatility, against 14.8% a year at 37.2%. Looking beyond its popular alternatives, ADI (semiconductors) and FFIV (cybersecurity) earned more than CDNS with less volatility over the past 5 years. ADI returned 19.5% a year at 34.1% volatility, against 14.8% a year at 37.2%.

### Is CDNS more volatile than the S&P 500?

Yes. CDNS's volatility over the past 5 years was 37.2%, 2.2 times the S&P 500's 17.1%. Volatility measures how widely returns swing around their average: in roughly two years out of three, CDNS's return lands within 37.2% of its average, either way. The higher it is, the rougher the ride and the harder it is to hold through a slump.

### What is CDNS's Sharpe ratio?

CDNS's Sharpe ratio over the past 5 years was 0.56, against 0.79 for the S&P 500, so CDNS earned less for each unit of risk than an index fund did. The Sharpe ratio is the return earned above cash for each unit of volatility: two investments with the same return are not equal if one got there with far bigger swings.

### How correlated is CDNS with the S&P 500?

Over the past 5 years, CDNS's monthly returns had a correlation of 0.59 with the S&P 500. Correlation runs from 1 (moving in lockstep) through 0 (unrelated) to −1 (moving in opposite directions). They often move together: some diversification next to an index fund, but not a cushion. In the table, the correlation column measures each option against CDNS instead: the lower it is, the more that option would diversify a CDNS holding.

### What are the best alternatives to CDNS?

Of the ten popular alternatives we compared, three outperformed CDNS in at least 3 of 5 short-term and 2 of 3 long-term timeframes, with dividends reinvested: NVDA, SMH and TSM.

### Did CDNS outperform the S&P 500?

CDNS finished ahead of the S&P 500 (SPY) in 17 of 29 full calendar years. In 2025, it returned +4.0%, against +17.7% for the index.

### How did CDNS do in stock market crashes?

CDNS fell less than the S&P 500 (SPY) in three of the ten major crashes it has traded through, and further in six. The clearest case was the 2008 financial crisis, when CDNS fell 88.2% and the S&P 500 fell 55.2%.

### What diversifies CDNS?

These had a low correlation with CDNS over the past 5 years and still earned a positive 5-year return: among large ETFs, LVHI (correlation 0.06), DXJ (correlation 0.34) and PJUL (correlation 0.48); among large stocks, CAH (correlation 0.05), CLS (correlation 0.29) and MCK (correlation -0.01). A correlation near zero means the two have moved largely independently.

## More research

- [NVIDIA (NVDA) Performance, Alternatives and Market Rank](https://easycompare.io/research/nvda)
- [VanEck Semiconductor ETF (SMH) Performance, Alternatives and Market Rank](https://easycompare.io/research/smh)
- [Taiwan Semiconductor Manufacturing (TSM) Performance, Alternatives and Market Rank](https://easycompare.io/research/tsm)
- [Keysight Technologies (KEYS) Performance, Alternatives and Market Rank](https://easycompare.io/research/keys)
- [ARM Performance, Alternatives and Market Rank](https://easycompare.io/research/arm)
- [Synopsys (SNPS) Performance, Alternatives and Market Rank](https://easycompare.io/research/snps)
- [Autodesk (ADSK) Performance, Alternatives and Market Rank](https://easycompare.io/research/adsk)
- [Schwab U.S. Dividend Equity ETF (SCHD) Performance, Alternatives and Market Rank](https://easycompare.io/research/schd)
- [Apple (AAPL) Performance, Alternatives and Market Rank](https://easycompare.io/research/aapl)
- [Alphabet (GOOG) Performance, Alternatives and Market Rank](https://easycompare.io/research/goog)
- [Microsoft (MSFT) Performance, Alternatives and Market Rank](https://easycompare.io/research/msft)
- [Amazon.com (AMZN) Performance, Alternatives and Market Rank](https://easycompare.io/research/amzn)

## Explore further

- Full page with charts: https://easycompare.io/research/cdns
- All research pages: https://easycompare.io/llms.txt
- Compare the entire market against CDNS live: https://betterthanspy.com/?b=CDNS&utm_source=easycompare&utm_medium=research