CTAS vs. CDNS
CTAS (Cintas Corporation) and CDNS (Cadence Design Systems, Inc.) are both stocks. CTAS operates in Specialty Business Services (Industrials), while CDNS operates in Software - Application (Technology). Over the past 10 years, CTAS returned 23.61%/yr vs 31.77%/yr for CDNS. At a 0.36 correlation, their price movements are largely independent.
Performance
CTAS vs. CDNS - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, CTAS achieves a -5.80% return, which is significantly lower than CDNS's 23.16% return. Over the past 10 years, CTAS has underperformed CDNS with an annualized return of 23.61%, while CDNS has yielded a comparatively higher 31.77% annualized return.
CTAS
- 1D
- -3.08%
- 1M
- 8.08%
- YTD
- -5.80%
- 6M
- -5.53%
- 1Y
- -20.40%
- 3Y*
- 14.43%
- 5Y*
- 15.92%
- 10Y*
- 23.61%
CDNS
- 1D
- 0.32%
- 1M
- 8.58%
- YTD
- 23.16%
- 6M
- 19.10%
- 1Y
- 25.05%
- 3Y*
- 17.22%
- 5Y*
- 24.39%
- 10Y*
- 31.77%
CTAS vs. CDNS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CTAS Cintas Corporation | -5.80% | 3.78% | 22.24% | 34.82% | 2.97% | 26.51% | 32.74% | 61.73% | 9.04% | 36.32% |
CDNS Cadence Design Systems, Inc. | 23.16% | 4.03% | 10.31% | 69.55% | -13.80% | 36.59% | 96.70% | 59.52% | 3.97% | 65.82% |
Correlation
The correlation between CTAS and CDNS is 0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.45 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.47 |
Correlation (All Time) Calculated using the full available price history since Mar 26, 1990 | 0.36 |
Over the past year, the correlation between CTAS and CDNS has dropped to 0.09 - well below their long-term average of 0.36, suggesting their price drivers have been diverging.
Fundamentals
CTAS:
$71.72B
CDNS:
$105.37B
CTAS:
$4.75
CDNS:
$4.28
CTAS:
37.08
CDNS:
89.86
CTAS:
2.60
CDNS:
6.85
CTAS:
6.51
CDNS:
19.03
CTAS:
14.98
CDNS:
12.08
CTAS:
$11.03B
CDNS:
$5.53B
CTAS:
$1.33B
CDNS:
$4.91B
CTAS:
$2.66B
CDNS:
$1.87B
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
CTAS vs. CDNS — Risk / Return Rank
CTAS
CDNS
CTAS vs. CDNS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Cintas Corporation (CTAS) and Cadence Design Systems, Inc. (CDNS). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| CTAS | CDNS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.65 | ||
| Sortino ratioReturn per unit of downside risk | -2.52 | ||
| Omega ratioGain probability vs. loss probability | 0.84 | 1.15 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | -0.75 | 0.87 | -1.62 |
| Martin ratioReturn relative to average drawdown | -1.31 | 1.84 | -3.15 |
Loading charts...
Drawdowns
CTAS vs. CDNS - Drawdown Comparison
The maximum CTAS drawdown since its inception was -65.32%, smaller than the maximum CDNS drawdown of -93.13%. Use the drawdown chart below to compare losses from any high point for CTAS and CDNS.
Loading charts...
Drawdown Indicators
| CTAS | CDNS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.32% | -93.13% | +27.81% |
Max Drawdown (1Y)Largest decline over 1 year | -27.23% | -28.85% | +1.62% |
Max Drawdown (3Y)Largest decline over 3 years | -27.68% | -29.05% | +1.37% |
Max Drawdown (5Y)Largest decline over 5 years | -27.68% | -29.59% | +1.91% |
Max Drawdown (10Y)Largest decline over 10 years | -48.38% | -32.12% | -16.26% |
Current DrawdownCurrent decline from peak | -21.83% | -7.55% | -14.28% |
Average DrawdownAverage peak-to-trough decline | -15.04% | -39.62% | +24.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.61% | 13.63% | +1.98% |
Volatility
CTAS vs. CDNS - Volatility Comparison
The current volatility for Cintas Corporation (CTAS) is 8.54%, while Cadence Design Systems, Inc. (CDNS) has a volatility of 16.52%. This indicates that CTAS experiences smaller price fluctuations and is considered to be less risky than CDNS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| CTAS | CDNS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.54% | 16.52% | -7.98% |
Volatility (6M)Calculated over the trailing 6-month period | 15.74% | 31.73% | -15.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.40% | 38.94% | -18.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.60% | 36.17% | -13.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.70% | 34.12% | -7.42% |
Dividends
CTAS vs. CDNS - Dividend Comparison
CTAS's dividend yield for the trailing twelve months is around 1.02%, while CDNS has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CDNS Cadence Design Systems, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
CTAS Cintas Corporation | 1.02% | 0.89% | 0.80% | 0.83% | 0.93% | 0.77% | 0.99% | 0.95% | 1.22% | 1.04% | 1.15% | 1.15% |
Financials
CTAS vs. CDNS - Financials Comparison
This section allows you to compare key financial metrics between Cintas Corporation and Cadence Design Systems, Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
CTAS vs. CDNS - Profitability Comparison
CTAS - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Cintas Corporation reported a gross profit of -2.78B and revenue of 2.84B. Therefore, the gross margin over that period was -97.8%.
CDNS - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Cadence Design Systems, Inc. reported a gross profit of 1.41B and revenue of 1.47B. Therefore, the gross margin over that period was 95.9%.
CTAS - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Cintas Corporation reported an operating income of 659.90M and revenue of 2.84B, resulting in an operating margin of 23.2%.
CDNS - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Cadence Design Systems, Inc. reported an operating income of 431.33M and revenue of 1.47B, resulting in an operating margin of 29.3%.
CTAS - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Cintas Corporation reported a net income of 502.50M and revenue of 2.84B, resulting in a net margin of 17.7%.
CDNS - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Cadence Design Systems, Inc. reported a net income of 335.66M and revenue of 1.47B, resulting in a net margin of 22.8%.
Frequently Asked Questions
CTAS and CDNS have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CDNS has higher volatility (16.52%) compared to CTAS (8.54%). In terms of maximum drawdown, CTAS dropped -65.32% vs CDNS's -93.13%.
CDNS currently has the higher Sharpe Ratio (0.65 vs -1.00), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for CTAS and CDNS
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer