CDNS vs MDT
Comparison between Cadence Design Systems Inc (CDNS, Company) and Medtronic Plc (MDT, Company).
CDNS is from the Technology sector, while MDT is from the Healthcare sector.
5-Year PerformanceCDNS has outperformed MDT, delivering a return of +25.0% compared to -5.6%
CDNS vs MDT - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
CDNS vs MDT - Historical Returns
Returns include dividend reinvestment.
CDNS vs MDT - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | CDNS | MDT |
|---|---|---|
| 2026 | +27.09% | -15.63% |
| 2025 | +5.01% | +23.52% |
| 2024 | +14.29% | -0.29% |
| 2023 | +70.62% | +8.85% |
| 2022 | -12.30% | -24.48% |
| 2021 | +37.26% | -8.94% |
| 2020 | +90.97% | +4.64% |
| 2019 | +60.44% | +31.74% |
| 2018 | +3.40% | +13.14% |
| 2017 | +65.04% | +16.90% |
| 2016 | +22.84% | -4.01% |
| 2015 | +10.52% | +9.10% |
| 2014 | +35.40% | +28.47% |
| 2013 | +0.14% | +39.94% |
| 2012 | +30.66% | +9.39% |
| 2011 | +24.55% | +4.90% |
| 2010 | +34.97% | -13.65% |
| 2009 | +55.99% | +37.33% |
| 2008 | -78.21% | -35.50% |
| 2007 | -6.28% | -3.72% |
| 2006 | +5.66% | -6.75% |
| 2005 | +23.05% | +17.29% |
| 2004 | -24.37% | +3.08% |
| 2003 | +54.20% | +4.75% |
| 2002 | -44.91% | -8.28% |
| 2001 | -11.90% | -13.54% |
| 2000 | +24.66% | +76.97% |
| 1999 | +56.76% | +2.27% |
CDNS vs MDT Drawdown Comparison
The maximum drawdown for CDNS was -91.92%, occurring on Dec 15, 2008. Recovery took 4085 trading sessions.
The maximum drawdown for MDT was -57.64%, occurring on Mar 9, 2009. Recovery took 1846 trading sessions.
The current CDNS drawdown is -5.26%. The current MDT drawdown is -31.07%.
| Rank | CDNS | MDT |
|---|---|---|
| #1 | -91.92% Jan 22, 2001 - Apr 19, 2017 | -57.64% Jan 19, 2006 - May 21, 2013 |
| #2 | -43.75% Dec 31, 1999 - Sep 13, 2000 | -45.10% Sep 8, 2021 - Oct 27, 2023 |
| #3 | -32.12% Feb 19, 2020 - Apr 24, 2020 | -44.21% Dec 27, 2000 - Jan 18, 2006 |
| #4 | -29.59% Dec 27, 2021 - Aug 15, 2022 | -39.88% Feb 6, 2020 - Jan 6, 2021 |
| #5 | -29.05% Jun 18, 2024 - Jul 3, 2025 | -19.72% Jul 12, 2016 - Jun 12, 2017 |
| #6 | -28.85% Sep 22, 2025 - May 22, 2026 | -18.53% Apr 10, 2000 - Dec 14, 2000 |
| #7 | -26.25% Aug 15, 2022 - Feb 14, 2023 | -17.61% Aug 17, 2015 - Dec 16, 2015 |
| #8 | -21.72% Jan 26, 2018 - Jul 25, 2018 | -16.67% Oct 1, 2018 - Jun 19, 2019 |
| #9 | -21.67% Sep 15, 2000 - Oct 24, 2000 | -15.97% Dec 3, 1999 - Jan 7, 2000 |
| #10 | -18.83% Mar 1, 2021 - Apr 15, 2021 | -12.95% Jul 5, 2017 - Jun 1, 2018 |
| #11 | -18.51% Dec 11, 2000 - Jan 9, 2001 | -11.90% Jan 8, 2014 - Mar 31, 2014 |
| #12 | -17.92% Apr 15, 2021 - Jul 30, 2021 | -10.84% Feb 8, 2000 - Mar 3, 2000 |
| #13 | -17.56% Jul 29, 2019 - Feb 12, 2020 | -10.53% Mar 27, 2000 - Apr 10, 2000 |
| #14 | -17.20% Aug 29, 2018 - Jan 30, 2019 | -8.76% Mar 3, 2000 - Mar 16, 2000 |
| #15 | -15.41% Oct 24, 2000 - Dec 8, 2000 | -7.82% Aug 8, 2013 - Oct 17, 2013 |
Correlation
Correlation between CDNS and MDT is 0.73 which considered as a strong positive correlation - the stocks tend to move together.
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