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TER vs. CDNS
Performance
Return for Risk
Dividends
Drawdowns
Volatility
Financials

Performance

TER vs. CDNS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Teradyne, Inc. (TER) and Cadence Design Systems, Inc. (CDNS). The values are adjusted to include any dividend payments, if applicable.

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TER vs. CDNS - Yearly Performance Comparison


2026 (YTD)202520242023202220212020201920182017
TER
Teradyne, Inc.
53.23%54.39%16.51%24.78%-46.35%36.81%76.73%118.93%-24.37%66.16%
CDNS
Cadence Design Systems, Inc.
-11.10%4.03%10.31%69.55%-13.80%36.59%96.70%59.52%3.97%65.82%

Fundamentals

Market Cap

TER:

$46.74B

CDNS:

$75.84B

EPS

TER:

$3.48

CDNS:

$4.06

PE Ratio

TER:

85.22

CDNS:

68.49

PS Ratio

TER:

14.80

CDNS:

14.34

PB Ratio

TER:

16.72

CDNS:

10.67

Total Revenue (TTM)

TER:

$3.19B

CDNS:

$5.30B

Gross Profit (TTM)

TER:

$1.86B

CDNS:

$5.09B

EBITDA (TTM)

TER:

$779.72M

CDNS:

$1.74B

Returns By Period

In the year-to-date period, TER achieves a 53.23% return, which is significantly higher than CDNS's -11.10% return. Over the past 10 years, TER has outperformed CDNS with an annualized return of 30.61%, while CDNS has yielded a comparatively lower 27.94% annualized return.


TER

1D
7.28%
1M
-7.36%
YTD
53.23%
6M
115.64%
1Y
260.24%
3Y*
40.80%
5Y*
18.61%
10Y*
30.61%

CDNS

1D
2.58%
1M
-7.81%
YTD
-11.10%
6M
-20.89%
1Y
9.26%
3Y*
9.77%
5Y*
14.45%
10Y*
27.94%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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Return for Risk

TER vs. CDNS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TER
TER Risk / Return Rank: 9898
Overall Rank
TER Sharpe Ratio Rank: 9999
Sharpe Ratio Rank
TER Sortino Ratio Rank: 9898
Sortino Ratio Rank
TER Omega Ratio Rank: 9696
Omega Ratio Rank
TER Calmar Ratio Rank: 9999
Calmar Ratio Rank
TER Martin Ratio Rank: 9999
Martin Ratio Rank

CDNS
CDNS Risk / Return Rank: 4949
Overall Rank
CDNS Sharpe Ratio Rank: 5151
Sharpe Ratio Rank
CDNS Sortino Ratio Rank: 4747
Sortino Ratio Rank
CDNS Omega Ratio Rank: 4646
Omega Ratio Rank
CDNS Calmar Ratio Rank: 5050
Calmar Ratio Rank
CDNS Martin Ratio Rank: 5050
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TER vs. CDNS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Teradyne, Inc. (TER) 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.


TERCDNSDifference

Sharpe ratio

Return per unit of total volatility

4.21

0.23

+3.98

Sortino ratio

Return per unit of downside risk

4.28

0.63

+3.65

Omega ratio

Gain probability vs. loss probability

1.57

1.08

+0.49

Calmar ratio

Return relative to maximum drawdown

12.75

0.29

+12.45

Martin ratio

Return relative to average drawdown

38.79

0.65

+38.14

TER vs. CDNS - Sharpe Ratio Comparison

The current TER Sharpe Ratio is 4.21, which is higher than the CDNS Sharpe Ratio of 0.23. The chart below compares the historical Sharpe Ratios of TER and CDNS, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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Sharpe Ratios by Period


TERCDNSDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

4.21

0.23

+3.98

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.39

0.41

-0.02

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.70

0.84

-0.14

Sharpe Ratio (All Time)

Calculated using the full available price history

0.21

0.22

-0.01

Correlation

The correlation between TER and CDNS is 0.44, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.


Dividends

TER vs. CDNS - Dividend Comparison

TER's dividend yield for the trailing twelve months is around 0.17%, while CDNS has not paid dividends to shareholders.


TTM20252024202320222021202020192018201720162015
TER
Teradyne, Inc.
0.17%0.25%0.38%0.41%0.50%0.24%0.33%0.53%1.15%0.67%0.94%1.16%
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%

Drawdowns

TER vs. CDNS - Drawdown Comparison

The maximum TER drawdown since its inception was -97.30%, roughly equal to the maximum CDNS drawdown of -93.13%. Use the drawdown chart below to compare losses from any high point for TER and CDNS.


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Drawdown Indicators


TERCDNSDifference

Max Drawdown

Largest peak-to-trough decline

-97.30%

-93.13%

-4.17%

Max Drawdown (1Y)

Largest decline over 1 year

-20.35%

-28.09%

+7.74%

Max Drawdown (5Y)

Largest decline over 5 years

-59.12%

-29.59%

-29.53%

Max Drawdown (10Y)

Largest decline over 10 years

-59.12%

-32.12%

-27.00%

Current Drawdown

Current decline from peak

-13.52%

-25.58%

+12.06%

Average Drawdown

Average peak-to-trough decline

-58.93%

-39.79%

-19.14%

Ulcer Index

Depth and duration of drawdowns from previous peaks

6.69%

12.61%

-5.92%

Volatility

TER vs. CDNS - Volatility Comparison

Teradyne, Inc. (TER) has a higher volatility of 23.19% compared to Cadence Design Systems, Inc. (CDNS) at 7.46%. This indicates that TER's price experiences larger fluctuations and is considered to be riskier than CDNS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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Volatility by Period


TERCDNSDifference

Volatility (1M)

Calculated over the trailing 1-month period

23.19%

7.46%

+15.73%

Volatility (6M)

Calculated over the trailing 6-month period

45.67%

25.41%

+20.26%

Volatility (1Y)

Calculated over the trailing 1-year period

62.25%

39.60%

+22.65%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

47.65%

35.27%

+12.38%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

43.72%

33.43%

+10.29%

Financials

TER vs. CDNS - Financials Comparison

This section allows you to compare key financial metrics between Teradyne, Inc. 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.


Quarterly
Annual

Total Revenue: Total amount of money received from sales and other business activities


600.00M800.00M1.00B1.20B1.40B20212022202320242025
1.08B
1.44B
(TER) Total Revenue
(CDNS) Total Revenue
Values in USD except per share items