Overview Performance Metrics Financials ETFs Industry Correlations

11 Stocks and 89 ETFs for diversifying Cadence Design Systems (CDNS)

The least correlated asset to Cadence Design Systems (CDNS) is company Enhanced Group (APAD). The correlation is -0.7858.

Stocks that lowly correlated with CDNS

Symbol	Name	Market cap	Sector	Industry	Correlation
APAD	Enhanced Group Inc - Class A	$161M	Financial Services	Shell Companies	-0.79
GLIBK	GCI Liberty Inc	$877M	Communication Services	Telecom Services	-0.65
WTGUR	Wintergreen Acquisition Corp	$237K	N/A	N/A	-0.61
APADU	A Paradise Acquisition Corp Unit	$67M	Financial Services	Shell Companies	-0.60
HBNB	Hotel101 Global Holdings Corp	$1.31B	Real Estate	Real Estate Services	-0.57
CLIK	Click Holdings Ltd	$4.19M	Consumer Cyclical	Personal Services	-0.55
JCAP	Jefferson Capital Inc	$1.06B	Financial Services	Credit Services	-0.49
IROHU	CN Healthy Food Tech Group Corp - Units (1 Ord 1 War & 1 Rts)	$453M	N/A	N/A	-0.49
LWAC	LightWave Acquisition Corp - Class A	$221M	Financial Services	Shell Companies	-0.47
GIG	GigCapital7 Corp - Class A	$353M	Financial Services	Shell Companies	-0.45
SLDE	Slide Insurance Holdings Inc	$2.32B	Financial Services	Insurance - Property & Casualty	-0.45

ETFs that lowly correlated with CDNS

Symbol	Name	AUM	Expense Ratio	Inception Date	Correlation
PSQ	ProShares Short QQQ -1x Shares	$601M	0.95%	Jun 19, 2006	-0.77
WEBS	DIREXION DAILY DOW JONES INTERNET BEAR 3X SHARES	$8.70M	N/A	Nov 7, 2019	-0.74
YQQQ	YIELDMAX(R) SHORT N100 OPTION INCOME STRATEGY ETF	$16M	1.11%	Aug 14, 2024	-0.73
QCMD	Direxion Daily QCOM Bear 1X ETF	$1.70M	1.00%	Jun 24, 2025	-0.73
AIBD	Direxion Daily AI and Big Data Bear 2X ETF	$4.70M	N/A	May 15, 2024	-0.70
SDS	ProShares UltraShort S&P500 -2x Shares	$398M	N/A	Jul 11, 2006	-0.68
REW	ProShares UltraShort Technology -2x Shares	$2.80M	N/A	Jan 30, 2007	-0.68
SH	ProShares Short S&P500 -1x Shares	$973M	0.89%	Jun 19, 2006	-0.68
SPDN	DIREXION DAILY S&P 500 (R) BEAR 1X SHARES	$195M	0.48%	Jun 8, 2016	-0.67
SCC	ProShares UltraShort Consumer Discretionary	$6.80M	N/A	Jan 30, 2007	-0.66
MSFD	DIREXION DAILY MSFT BEAR 1X SHARES	$11M	1.02%	Sep 6, 2022	-0.64
IONZ	Defiance Daily Target 2x Short IONQ ETF	$22M	N/A	Jun 23, 2025	-0.61
SETH	ProShares Short Ether ETF	$23M	0.95%	Nov 1, 2023	-0.60
QQQD	DIREXION DAILY MAGNIFICENT 7 BEAR 1X SHARES	$35M	0.50%	Mar 6, 2024	-0.60
HIBS	Direxion Daily S&P 500 High Beta Bear 3X Shares	$17M	N/A	Nov 7, 2019	-0.58
GSKH	GSK PLC ADRHEDGED	$737K	0.19%	Jan 6, 2025	-0.58
MZZ	PROSHARES ULTRASHORT MIDCAP400	$2.40M	N/A	Jul 11, 2006	-0.58
TWM	ProShares UltraShort Russell2000 -2x Shares	$38M	N/A	Jan 23, 2007	-0.57
XOMX	Direxion Daily XOM Bull 2X Shares	$7.80M	N/A	Apr 22, 2025	-0.57
MYY	PROSHARES SHORT MIDCAP400	$2.90M	0.95%	Jun 19, 2006	-0.57
ETHD	ProShares UltraShort Ether ETF	$86M	N/A	Jun 6, 2024	-0.57
NVDS	Tradr 1.5X Short NVDA Daily ETF	$18M	N/A	Jul 13, 2022	-0.57
RWM	PROSHARES SHORT RUSSELL2000	$113M	0.95%	Jan 23, 2007	-0.56
SARK	TRADR 1X SHORT INNOVATION DAILY ETF	$43M	0.92%	Nov 5, 2021	-0.56
SHRT	GOTHAM SHORT STRATEGIES ETF	$14M	1.35%	Jul 31, 2017	-0.56
SPXU	ProShares UltraPro Short S&P 500	$427M	N/A	Jun 23, 2009	-0.56
CRSH	YIELDMAX(R) SHORT TSLA OPTION INCOME STRATEGY ETF	$16M	1.05%	May 1, 2024	-0.55
BITI	ProShares Short Bitcoin ETF	$144M	1.01%	Jun 21, 2022	-0.55
FIAT	YIELDMAX(R) SHORT COIN OPTION INCOME STRATEGY ETF	$35M	1.05%	Jul 9, 2024	-0.55
SIJ	ProShares UltraShort Industrials -2x Shares	$5.50M	N/A	Jan 30, 2007	-0.55
AMDD	T-REX 2X INVERSE AMD DAILY TARGET ETF	$16M	1.03%	Feb 11, 2025	-0.54
UVIX	2x Long VIX Futures ETF	$290M	N/A	Mar 28, 2022	-0.54
DXD	PROSHARES ULTRASHORT DOW30	$46M	N/A	Jul 11, 2006	-0.54
LMTL	Direxion Daily LMT Bull 2X ETF	$8.40M	N/A	Aug 5, 2025	-0.53
CSCS	Direxion Daily CSCO Bear 1X ETF	$1.70M	1.00%	Jun 24, 2025	-0.53
DOG	PROSHARES SHORT DOW30	$111M	0.95%	Jun 19, 2006	-0.53
RTXG	Leverage Shares 2X Long RTX Daily ETF	$4.50M	N/A	Jun 5, 2025	-0.53
LDRT	ISHARES IBONDS 1-5 YEAR TREASURY LADDER ETF	$132M	0.07%	Nov 7, 2024	-0.53
QID	PROSHARES ULTRASHORT QQQ	$233M	N/A	Jul 11, 2006	-0.52
SMCZ	DEFIANCE DAILY TARGET 2X SHORT SMCI ETF	$13M	N/A	Mar 31, 2025	-0.52
DIPS	YIELDMAX(R) SHORT NVDA OPTION INCOME STRATEGY ETF	$8.20M	1.05%	Jul 23, 2024	-0.52
SDOW	ProShares UltraPro Short Dow30 -3x Shares	$185M	N/A	Feb 9, 2010	-0.52
NVDQ	T-REX 2X INVERSE NVIDIA DAILY TARGET ETF	$22M	N/A	Oct 18, 2023	-0.52
LFBE	Stone Ridge 2065 Longevity Income ETF	$3.20M	0.25%	Jan 3, 2025	-0.51
SDD	PROSHARES ULTRASHORT SMALLCAP600	$1.20M	N/A	Jan 23, 2007	-0.51
SJB	PROSHARES SHORT HIGH YIELD	$56M	0.95%	Mar 21, 2011	-0.51
XLUI	STATE STREET(R) UTILITIES SELECT SECTOR SPDR(R) PREMIUM INCOME ETF	$22M	0.35%	Jul 29, 2025	-0.51
NVDD	DIREXION DAILY NVDA BEAR 1X SHARES	$19M	1.01%	Sep 12, 2023	-0.51
GXPE	GLOBAL X PURECAP MSCI ENERGY ETF	$1.20M	0.15%	Jul 22, 2025	-0.50
HDGE	ADVISORSHARES RANGER EQUITY BEAR ETF	$66M	3.62%	Jan 26, 2011	-0.50
EMTY	ProShares Decline of the Retail Store ETF -1x Shares	$3M	0.65%	Nov 14, 2017	-0.50
SBB	ProShares Short SmallCap600 -1x Shares	$3.30M	0.95%	Jan 23, 2007	-0.50
TSLQ	Tradr 2X Short TSLA Daily ETF	$114M	N/A	Jul 13, 2022	-0.50
LDDR	Stone Ridge 2035 Term Income ETF	$42M	0.25%	Jan 3, 2025	-0.50
EVMO	EATON VANCE MORTGAGE OPPORTUNITIES ETF	$882M	0.45%	Jul 28, 1997	-0.50
SZK	ProShares UltraShort Consumer Staples	$4.70M	N/A	Jan 30, 2007	-0.49
BILT	iShares Infrastructure Active ETF	$32M	0.60%	Jul 29, 2025	-0.49
BTCZ	T-REX 2X INVERSE BITCOIN DAILY TARGET ETF	$30M	N/A	Jul 9, 2024	-0.49
KGLD	Kurv Gold Enhanced Income ETF	$97M	1.00%	Jul 7, 2025	-0.49
LFDR	Stone Ridge Durable Income ETF	$860K	0.25%	Jan 9, 2024	-0.48
WNTR	YieldMax Short MSTR Option Income Strategy ETF	$81M	1.00%	Mar 26, 2025	-0.48
IBTP	ISHARES IBONDS DEC 2034 TERM TREASURY ETF	$277M	0.07%	Jun 11, 2024	-0.48
NVD	GRANITESHARES 2X SHORT NVDA DAILY ETF	$61M	N/A	Aug 21, 2023	-0.48
PALD	Direxion Daily PANW Bear 1X Shares	$1.80M	1.02%	Feb 10, 2025	-0.48
GLDY	DEFIANCE GOLD ENHANCED OPTIONS INCOME ETF	$32M	1.04%	Apr 1, 2025	-0.47
SBIT	ProShares UltraShort Bitcoin ETF	$219M	N/A	Apr 1, 2024	-0.47
SKF	ProShares UltraShort Financials -2x Shares	$11M	N/A	May 23, 2007	-0.47
FPAS	FPA SHORT DURATION GOVERNMENT ETF	$9.90M	0.10%	Oct 31, 2024	-0.46
AMZD	DIREXION DAILY AMZN BEAR 1X SHARES	$10M	1.02%	Sep 6, 2022	-0.46
DWSH	ADVISORSHARES DORSEY WRIGHT SHORT ETF	$11M	6.22%	Jul 10, 2018	-0.46
IAUI	NEOS GOLD HIGH INCOME ETF	$448M	0.79%	Jun 4, 2025	-0.46
EWV	ProShares UltraShort MSCI Japan -2x Shares	$5.70M	N/A	Nov 6, 2007	-0.46
SMBS	SCHWAB MORTGAGE-BACKED SECURITIES ETF	$6.50B	0.03%	Nov 18, 2024	-0.46
SRS	ProShares UltraShort Real Estate -2x Shares	$16M	N/A	Jan 30, 2007	-0.45
REK	PROSHARES SHORT REAL ESTATE	$9.80M	0.95%	Mar 16, 2010	-0.45
TNGY	TORTOISE ENERGY ETF	$515M	0.85%	Dec 27, 2010	-0.45
DVUT	WEBS Defined Volatility XLU ETF	$273K	0.89%	Jul 22, 2025	-0.45
IBGA	ISHARES IBONDS DEC 2044 TERM TREASURY ETF	$101M	0.07%	Jun 11, 2024	-0.45
AVS	DIREXION DAILY AVGO BEAR 1X SHARES	$7.50M	1.03%	Oct 9, 2024	-0.45
SEF	ProShares Short Financials -1x Shares	$14M	0.95%	Jun 10, 2008	-0.45
HECA	HEDGEYE CAPITAL ALLOCATION ETF	$312M	1.30%	Jun 30, 2025	-0.44
CONI	GRANITESHARES 2X SHORT COIN DAILY ETF	$16M	N/A	Sep 4, 2024	-0.44
EFU	ProShares UltraShort MSCI EAFE -2x Shares	$1.20M	N/A	Oct 23, 2007	-0.44
SECR	NYLI MACKAY SECURITIZED INCOME ETF	$165M	0.28%	May 30, 2024	-0.44
LABD	DIREXION DAILY S&P BIOTECH BEAR 3X SHARES DIREXION DAILY S&AMP;P BIOTECH BEAR 3X SHARES	$69M	N/A	May 28, 2015	-0.44
TSLZ	T-REX 2X INVERSE TESLA DAILY TARGET ETF	$31M	N/A	Oct 18, 2023	-0.44
OTGL	OTG LATIN AMERICA ETF	$28M	0.95%	May 7, 2019	-0.44
SMDD	ProShares UltraPro Short MidCap400 -3x Shares	$1.90M	N/A	Feb 9, 2010	-0.44
TAIL	CAMBRIA TAIL RISK ETF	$147M	0.59%	Apr 5, 2017	-0.44