Cadence Design Systems Inc vs Vanguard Information Technology Index Fund ETF — how do they compare? Cadence Design Systems Inc trades at $326.42 (market cap $90.20B), while Vanguard Information Technology Index Fund ETF trades at $121.05. The key difference: Vanguard Information Technology Index Fund ETF is trading nearer its 52-week high, Cadence Design Systems Inc nearer its low. Which is the better fit depends on your goals.
| CDNS | VGT | |
|---|---|---|
Market Cap | $90.20B | — |
Sector | Technology | — |
52-Week High | $416.39 | $125.77 |
52-Week Low | $265.66 | $83.59 |
Enterprise Value | $91.41B | — |
Trailing returns across standard periods
Latest headlines on both assets
Cadence Design Systems is a provider of electronic design automation software, intellectual property, and system design and analysis products. EDA software automates the chip design process, enhancing design accuracy, productivity, and complexity in a full-flow end-to-end solution. Cadence offers a portfolio of design IP, as well as system design and analysis products, which enable system-level analysis and verification solutions. Cadence's comprehensive portfolio is benefiting from a mutual convergence of semiconductor companies moving up-stack toward systems-like companies, and systems companies moving down-stack toward in-house chip design. The resulting expansion in EDA customers, alongside secular digitalization of various end markets, benefits EDA vendors like Cadence.
Read more on CDNS →The fund employs an indexing investment approach designed to track the performance of the MSCI US Investable Market Index/Information Technology 25/50, an index made up of stocks of large, mid-size, and small US companies within the information technology sector, as classified under the GICS. The advisor attempts to replicate the target index by seeking to invest all of its assets in the stocks that make up the index, in order to hold each stock in approximately the same proportion as its weighting in the index. It is non-diversified.
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