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