TER vs. TT
TER (Teradyne, Inc.) and TT (Trane Technologies plc) are both stocks. TER operates in Semiconductor Equipment & Materials (Technology), while TT operates in Specialty Industrial Machinery (Industrials). Over the past 10 years, TER returned 36.09%/yr vs 23.76%/yr for TT. At a 0.36 correlation, their price movements are largely independent.
Performance
TER vs. TT - Performance Comparison
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Returns By Period
In the year-to-date period, TER achieves a 108.47% return, which is significantly higher than TT's 18.29% return. Over the past 10 years, TER has outperformed TT with an annualized return of 36.09%, while TT has yielded a comparatively lower 23.76% annualized return.
TER
- 1D
- 5.72%
- 1M
- 19.38%
- YTD
- 108.47%
- 6M
- 108.68%
- 1Y
- 386.56%
- 3Y*
- 54.13%
- 5Y*
- 26.29%
- 10Y*
- 36.09%
TT
- 1D
- -0.41%
- 1M
- -1.57%
- YTD
- 18.29%
- 6M
- 17.69%
- 1Y
- 9.76%
- 3Y*
- 37.71%
- 5Y*
- 21.39%
- 10Y*
- 23.76%
TER vs. TT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TER Teradyne, Inc. | 108.47% | 54.39% | 16.51% | 24.78% | -46.35% | 36.81% | 76.73% | 118.93% | -24.37% | 66.16% |
TT Trane Technologies plc | 18.29% | 6.38% | 52.97% | 47.39% | -15.34% | 41.02% | 11.26% | 48.32% | 4.41% | 21.27% |
Correlation
The correlation between TER and TT is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.48 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.45 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.49 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since Mar 11, 1987 | 0.36 |
The correlation between TER and TT shifts across timeframes, from 0.36 (all time) to 0.49 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
TER:
$63.56B
TT:
$102.24B
TER:
$5.38
TT:
$12.94
TER:
75.00
TT:
35.43
TER:
16.91
TT:
4.75
TER:
20.22
TT:
11.87
TER:
$3.79B
TT:
$21.60B
TER:
$2.23B
TT:
$7.76B
TER:
$1.11B
TT:
$4.25B
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Return for Risk
TER vs. TT — Risk / Return Rank
TER
TT
TER vs. TT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Teradyne, Inc. (TER) and Trane Technologies plc (TT). 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.
| TER | TT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +5.23 | ||
| Sortino ratioReturn per unit of downside risk | +3.86 | ||
| Omega ratioGain probability vs. loss probability | 1.64 | 1.08 | +0.56 |
| Calmar ratioReturn relative to maximum drawdown | 13.97 | 0.45 | +13.52 |
| Martin ratioReturn relative to average drawdown | 49.81 | 0.89 | +48.92 |
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Drawdowns
TER vs. TT - Drawdown Comparison
The maximum TER drawdown since its inception was -97.30%, which is greater than TT's maximum drawdown of -77.91%. Use the drawdown chart below to compare losses from any high point for TER and TT.
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Drawdown Indicators
| TER | TT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.30% | -77.91% | -19.39% |
Max Drawdown (1Y)Largest decline over 1 year | -26.73% | -19.97% | -6.76% |
Max Drawdown (3Y)Largest decline over 3 years | -58.18% | -24.44% | -33.74% |
Max Drawdown (5Y)Largest decline over 5 years | -59.12% | -40.53% | -18.59% |
Max Drawdown (10Y)Largest decline over 10 years | -59.12% | -51.13% | -7.99% |
Current DrawdownCurrent decline from peak | -3.52% | -6.75% | +3.23% |
Average DrawdownAverage peak-to-trough decline | -58.67% | -14.83% | -43.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.49% | 10.12% | -2.63% |
Volatility
TER vs. TT - Volatility Comparison
Teradyne, Inc. (TER) has a higher volatility of 25.00% compared to Trane Technologies plc (TT) at 9.05%. This indicates that TER's price experiences larger fluctuations and is considered to be riskier than TT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TER | TT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 25.00% | 9.05% | +15.95% |
Volatility (6M)Calculated over the trailing 6-month period | 53.10% | 21.82% | +31.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 67.20% | 27.50% | +39.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 50.20% | 27.38% | +22.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 45.31% | 28.34% | +16.97% |
Dividends
TER vs. TT - Dividend Comparison
TER's dividend yield for the trailing twelve months is around 0.12%, less than TT's 0.87% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TER Teradyne, Inc. | 0.12% | 0.25% | 0.38% | 0.41% | 0.50% | 0.24% | 0.33% | 0.53% | 1.15% | 0.67% | 0.94% | 1.16% |
TT Trane Technologies plc | 0.87% | 0.97% | 0.91% | 1.23% | 1.59% | 1.17% | 1.46% | 1.59% | 2.15% | 1.91% | 1.81% | 2.10% |
Financials
TER vs. TT - Financials Comparison
This section allows you to compare key financial metrics between Teradyne, Inc. and Trane Technologies plc. 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
TER vs. TT - Profitability Comparison
TER - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Teradyne, Inc. reported a gross profit of 780.95M and revenue of 1.28B. Therefore, the gross margin over that period was 60.9%.
TT - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Trane Technologies plc reported a gross profit of 1.73B and revenue of 4.97B. Therefore, the gross margin over that period was 34.8%.
TER - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Teradyne, Inc. reported an operating income of 473.00M and revenue of 1.28B, resulting in an operating margin of 36.9%.
TT - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Trane Technologies plc reported an operating income of 776.10M and revenue of 4.97B, resulting in an operating margin of 15.6%.
TER - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Teradyne, Inc. reported a net income of 398.91M and revenue of 1.28B, resulting in a net margin of 31.1%.
TT - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Trane Technologies plc reported a net income of 584.40M and revenue of 4.97B, resulting in a net margin of 11.8%.
Frequently Asked Questions
TER and TT have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TER has higher volatility (25.00%) compared to TT (9.05%). In terms of maximum drawdown, TER dropped -97.30% vs TT's -77.91%.
TER currently has the higher Sharpe Ratio (5.56 vs 0.33), 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.
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