TNE.AX vs. CTAS
TNE.AX (Technology One Limited) and CTAS (Cintas Corporation) are both stocks. TNE.AX operates in Software - Application (Technology), while CTAS operates in Specialty Business Services (Industrials). Over the past 10 years, TNE.AX returned 21.57%/yr vs 23.80%/yr for CTAS. At a 0.01 correlation, their price movements are largely independent.
Performance
TNE.AX vs. CTAS - Performance Comparison
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Different Trading Currencies
TNE.AX is traded in AUD, while CTAS is traded in USD. To make them comparable, the CTAS values have been converted to AUD using the latest available exchange rates.
Returns By Period
In the year-to-date period, TNE.AX achieves a 18.27% return, which is significantly higher than CTAS's -12.60% return. Over the past 10 years, TNE.AX has underperformed CTAS with an annualized return of 21.57%, while CTAS has yielded a comparatively higher 23.80% annualized return.
TNE.AX
- 1D
- 0.52%
- 1M
- 17.93%
- YTD
- 18.27%
- 6M
- 12.86%
- 1Y
- -19.23%
- 3Y*
- 27.32%
- 5Y*
- 31.83%
- 10Y*
- 21.57%
CTAS
- 1D
- 1.28%
- 1M
- 5.54%
- YTD
- -12.60%
- 6M
- -11.97%
- 1Y
- -29.71%
- 3Y*
- 11.36%
- 5Y*
- 17.69%
- 10Y*
- 23.80%
TNE.AX vs. CTAS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TNE.AX Technology One Limited | 18.27% | -9.64% | 105.47% | 18.43% | 3.96% | 58.21% | 0.33% | 36.45% | 26.70% | -10.50% |
CTAS Cintas Corporation | -12.60% | -3.75% | 34.54% | 34.92% | 9.78% | 33.93% | 21.08% | 62.49% | 20.72% | 25.94% |
Correlation
The correlation between TNE.AX and CTAS is -0.02, 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 | -0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.00 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.05 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Jul 2, 2007 | 0.01 |
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Return for Risk
TNE.AX vs. CTAS — Risk / Return Rank
TNE.AX
CTAS
TNE.AX vs. CTAS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Technology One Limited (TNE.AX) and Cintas Corporation (CTAS). 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.
| TNE.AX | CTAS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.98 | ||
| Sortino ratioReturn per unit of downside risk | +1.71 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 0.77 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | -0.37 | -0.84 | +0.48 |
| Martin ratioReturn relative to average drawdown | -0.72 | -1.54 | +0.83 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| TNE.AX | CTAS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.47 | -1.45 | +0.98 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.01 | 0.82 | +0.19 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.70 | 0.93 | -0.24 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 0.77 | -0.31 |
Drawdowns
TNE.AX vs. CTAS - Drawdown Comparison
The maximum TNE.AX drawdown since its inception was -85.40%, which is greater than CTAS's maximum drawdown of -43.77%. Use the drawdown chart below to compare losses from any high point for TNE.AX and CTAS.
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Drawdown Indicators
| TNE.AX | CTAS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.40% | -43.77% | -41.63% |
Max Drawdown (1Y)Largest decline over 1 year | -52.18% | -35.32% | -16.86% |
Max Drawdown (3Y)Largest decline over 3 years | -52.18% | -35.60% | -16.58% |
Max Drawdown (5Y)Largest decline over 5 years | -52.18% | -35.60% | -16.58% |
Max Drawdown (10Y)Largest decline over 10 years | -52.18% | -41.17% | -11.01% |
Current DrawdownCurrent decline from peak | -21.60% | -29.74% | +8.14% |
Average DrawdownAverage peak-to-trough decline | -22.60% | -11.64% | -10.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 26.78% | 19.57% | +7.21% |
Volatility
TNE.AX vs. CTAS - Volatility Comparison
Technology One Limited (TNE.AX) has a higher volatility of 12.49% compared to Cintas Corporation (CTAS) at 7.21%. This indicates that TNE.AX's price experiences larger fluctuations and is considered to be riskier than CTAS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TNE.AX | CTAS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.49% | 7.21% | +5.28% |
Volatility (6M)Calculated over the trailing 6-month period | 33.04% | 15.83% | +17.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 40.75% | 20.62% | +20.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.37% | 21.74% | +9.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.84% | 25.64% | +5.20% |
Dividends
TNE.AX vs. CTAS - Dividend Comparison
TNE.AX's dividend yield for the trailing twelve months is around 1.15%, more than CTAS's 1.03% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CTAS Cintas Corporation | 1.03% | 0.89% | 0.80% | 0.83% | 0.93% | 0.77% | 0.99% | 0.95% | 1.22% | 1.04% | 1.15% | 1.15% |
TNE.AX Technology One Limited | 1.15% | 1.31% | 0.72% | 1.27% | 1.30% | 1.09% | 1.57% | 1.44% | 1.79% | 2.06% | 1.67% | 1.77% |
Financials
TNE.AX vs. CTAS - Financials Comparison
This section allows you to compare key financial metrics between Technology One Limited and Cintas Corporation. 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
Frequently Asked Questions
TNE.AX and CTAS have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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