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