ARB.L vs. CAN

Last updated Jun 5, 2026

ARB.L (Argo Blockchain plc) and CAN (Canaan Inc.) are both stocks. ARB.L operates in Capital Markets (Financial Services), while CAN operates in Computer Hardware (Technology). At a 0.27 correlation, their price movements are largely independent.

Performance

ARB.L vs. CAN - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Argo Blockchain plc (ARB.L) and Canaan Inc. (CAN). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

ARB.L is traded in GBp, while CAN is traded in USD. To make them comparable, the CAN values have been converted to GBp using the latest available exchange rates.

Returns By Period

ARB.L

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

CAN

• 1D: -7.37%
• 1M: -34.13%
• YTD: -47.58%
• 6M: -61.67%
• 1Y: -36.92%
• 3Y*: -44.30%
• 5Y*: -48.96%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ARB.L vs. CAN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
ARB.L Argo Blockchain plc	0.00%	-83.16%	-83.62%	360.32%	-93.56%	196.36%	489.29%	-7.44%
CAN Canaan Inc.	-47.58%	-68.74%	-9.71%	6.53%	-55.24%	-12.33%	-5.64%	-33.95%

Correlation

The correlation between ARB.L and CAN is 0.01, 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	0.01
Correlation (3Y) Calculated over the trailing 3-year period	0.18
Correlation (5Y) Calculated over the trailing 5-year period	0.26
Correlation (All Time) Calculated using the full available price history since Nov 21, 2019	0.27

Over the past year, the correlation between ARB.L and CAN has dropped to 0.01 - well below their long-term average of 0.27, suggesting their price drivers have been diverging.

Fundamentals

Market Cap ARB.L : £5.74M CAN : $247.60M
EPS ARB.L : -£0.04 CAN : -$0.38
PS Ratio ARB.L : 0.24 CAN : 0.39
Total Revenue (TTM) ARB.L : £23.98M CAN : $510.04M
Gross Profit (TTM) ARB.L : £529.27K CAN : $17.56M
EBITDA (TTM) ARB.L : -£17.73M CAN : -$144.51M

Return for Risk

ARB.L vs. CAN — Risk / Return Rank

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

CAN

CAN Risk / Return Rank: 31
CAN Sharpe Ratio Rank: 28
CAN Sortino Ratio Rank: 37
CAN Omega Ratio Rank: 36
CAN Calmar Ratio Rank: 26
CAN Martin Ratio Rank: 29

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.

ARB.L vs. CAN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Argo Blockchain plc (ARB.L) and Canaan Inc. (CAN). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	ARB.L	CAN	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-0.31	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.44	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	-0.31	—

Drawdowns

Drawdown Indicators

	ARB.L	CAN	Difference
Max Drawdown Largest peak-to-trough decline	—	-98.97%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-82.44%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-89.25%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-96.63%	—
Current Drawdown Current decline from peak	—	-98.97%	—
Average Drawdown Average peak-to-trough decline	—	-83.37%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	54.53%	—

Volatility

Volatility by Period

	ARB.L	CAN	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	21.48%	—
Volatility (6M) Calculated over the trailing 6-month period	—	58.83%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	119.63%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	110.41%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	125.53%	—

Dividends

ARB.L vs. CAN - Dividend Comparison

Neither ARB.L nor CAN has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both ARB.L and CAN in my portfolio?

ARB.L and CAN have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.