CDNS vs TT
Comparison between Cadence Design Systems Inc (CDNS, Company) and Trane Technologies plc - Class A (TT, Company).
CDNS is from the Technology sector, while TT is from the Industrials sector.
5-Year PerformanceCDNS has outperformed TT, delivering a return of +24.3% compared to +21.8%
CDNS vs TT - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
CDNS vs TT - Historical Returns
Returns include dividend reinvestment.
CDNS vs TT - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | CDNS | TT |
|---|---|---|
| 2026 | +21.20% | +15.33% |
| 2025 | +5.01% | +5.10% |
| 2024 | +14.29% | +55.05% |
| 2023 | +70.62% | +44.41% |
| 2022 | -12.30% | -12.24% |
| 2021 | +37.26% | +42.16% |
| 2020 | +90.97% | +10.14% |
| 2019 | +60.44% | +47.87% |
| 2018 | +3.40% | +4.93% |
| 2017 | +65.04% | +19.84% |
| 2016 | +22.84% | +38.88% |
| 2015 | +10.52% | -10.91% |
| 2014 | +35.40% | +5.22% |
| 2013 | +0.14% | +59.04% |
| 2012 | +30.66% | +51.66% |
| 2011 | +24.55% | -35.31% |
| 2010 | +34.97% | +30.91% |
| 2009 | +55.99% | +94.32% |
| 2008 | -78.21% | -60.37% |
| 2007 | -6.28% | +21.58% |
| 2006 | +5.66% | -1.66% |
| 2005 | +23.05% | +3.87% |
| 2004 | -24.37% | +21.40% |
| 2003 | +54.20% | +54.54% |
| 2002 | -44.91% | +3.94% |
| 2001 | -11.90% | +4.52% |
| 2000 | +24.66% | -19.65% |
| 1999 | +56.76% | +8.35% |
CDNS vs TT Drawdown Comparison
The maximum drawdown for CDNS was -91.92%, occurring on Dec 15, 2008. Recovery took 4085 trading sessions.
The maximum drawdown for TT was -77.93%, occurring on Mar 6, 2009. Recovery took 1409 trading sessions.
The current CDNS drawdown is -9.65%. The current TT drawdown is -7.03%.
| Rank | CDNS | TT |
|---|---|---|
| #1 | -91.92% Jan 22, 2001 - Apr 19, 2017 | -77.93% Jun 21, 2007 - Jan 25, 2013 |
| #2 | -43.75% Dec 31, 1999 - Sep 13, 2000 | -51.11% Feb 14, 2020 - Nov 6, 2020 |
| #3 | -32.12% Feb 19, 2020 - Apr 24, 2020 | -46.07% Jan 7, 2000 - Jul 21, 2003 |
| #4 | -29.59% Dec 27, 2021 - Aug 15, 2022 | -40.54% Aug 3, 2021 - Aug 2, 2023 |
| #5 | -29.05% Jun 18, 2024 - Jul 3, 2025 | -30.16% May 15, 2015 - Nov 7, 2016 |
| #6 | -28.85% Sep 22, 2025 - May 22, 2026 | -25.62% May 10, 2006 - May 9, 2007 |
| #7 | -26.25% Aug 15, 2022 - Feb 14, 2023 | -24.44% Nov 26, 2024 - May 13, 2025 |
| #8 | -21.72% Jan 26, 2018 - Jul 25, 2018 | -19.97% Jul 28, 2025 - Feb 11, 2026 |
| #9 | -21.67% Sep 15, 2000 - Oct 24, 2000 | -18.66% Mar 4, 2005 - Mar 17, 2006 |
| #10 | -18.83% Mar 1, 2021 - Apr 15, 2021 | -17.86% Dec 3, 2018 - Feb 20, 2019 |
| #11 | -18.51% Dec 11, 2000 - Jan 9, 2001 | -16.60% Jul 22, 2014 - Dec 19, 2014 |
| #12 | -17.92% Apr 15, 2021 - Jul 30, 2021 | -16.35% Feb 1, 2018 - Jul 25, 2018 |
| #13 | -17.56% Jul 29, 2019 - Feb 12, 2020 | -16.13% Apr 16, 2004 - Nov 8, 2004 |
| #14 | -17.20% Aug 29, 2018 - Jan 30, 2019 | -14.31% Feb 11, 2026 - Apr 13, 2026 |
| #15 | -15.41% Oct 24, 2000 - Dec 8, 2000 | -13.40% Nov 16, 1999 - Dec 28, 1999 |
Correlation
Correlation between CDNS and TT is 0.96 which considered as a very strong positive correlation - the stocks move almost identically together.
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