CAN vs. BLOK
CAN (Canaan Inc.) is a stock, while BLOK (Amplify Blockchain Technology ETF) is Blockchain fund actively managed by Amplify. Over the past 5 years, CAN returned -46.98%/yr vs 11.69%/yr for BLOK. A 0.62 correlation means they provide meaningful diversification when combined.
Performance
CAN vs. BLOK - Performance Comparison
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Returns By Period
In the year-to-date period, CAN achieves a -50.58% return, which is significantly lower than BLOK's 14.77% return.
CAN
- 1D
- -2.82%
- 1M
- -17.83%
- YTD
- -50.58%
- 6M
- -56.97%
- 1Y
- -43.98%
- 3Y*
- -44.91%
- 5Y*
- -46.98%
- 10Y*
- —
BLOK
- 1D
- -1.82%
- 1M
- 2.14%
- YTD
- 14.77%
- 6M
- 9.76%
- 1Y
- 27.49%
- 3Y*
- 48.25%
- 5Y*
- 11.69%
- 10Y*
- —
CAN vs. BLOK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
CAN Canaan Inc. | -50.58% | -66.34% | -11.26% | 12.14% | -60.00% | -13.15% | -2.79% | -32.22% |
BLOK Amplify Blockchain Technology ETF | 14.77% | 32.64% | 53.12% | 99.62% | -62.36% | 30.76% | 90.17% | 2.43% |
Correlation
The correlation between CAN and BLOK is 0.69, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.69 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.65 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.67 |
Correlation (All Time) Calculated using the full available price history since Nov 20, 2019 | 0.62 |
The correlation between CAN and BLOK has been stable across timeframes, ranging from 0.62 to 0.69 - a consistent structural relationship.
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Return for Risk
CAN vs. BLOK — Risk / Return Rank
CAN
BLOK
CAN vs. BLOK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Canaan Inc. (CAN) and Amplify Blockchain Technology ETF (BLOK). 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.
| CAN | BLOK | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.08 | ||
| Sortino ratioReturn per unit of downside risk | -1.04 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.14 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | -0.52 | 0.77 | -1.30 |
| Martin ratioReturn relative to average drawdown | -0.77 | 1.67 | -2.44 |
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Drawdowns
CAN vs. BLOK - Drawdown Comparison
The maximum CAN drawdown since its inception was -99.12%, which is greater than BLOK's maximum drawdown of -73.33%. Use the drawdown chart below to compare losses from any high point for CAN and BLOK.
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Drawdown Indicators
| CAN | BLOK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.12% | -73.33% | -25.79% |
Max Drawdown (1Y)Largest decline over 1 year | -84.38% | -35.64% | -48.74% |
Max Drawdown (3Y)Largest decline over 3 years | -89.96% | -35.64% | -54.32% |
Max Drawdown (5Y)Largest decline over 5 years | -97.01% | -73.33% | -23.68% |
Current DrawdownCurrent decline from peak | -99.06% | -11.27% | -87.79% |
Average DrawdownAverage peak-to-trough decline | -83.82% | -25.99% | -57.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 57.17% | 16.48% | +40.69% |
Volatility
CAN vs. BLOK - Volatility Comparison
Canaan Inc. (CAN) has a higher volatility of 19.57% compared to Amplify Blockchain Technology ETF (BLOK) at 12.42%. This indicates that CAN's price experiences larger fluctuations and is considered to be riskier than BLOK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CAN | BLOK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.57% | 12.42% | +7.15% |
Volatility (6M)Calculated over the trailing 6-month period | 60.78% | 29.64% | +31.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 119.58% | 39.10% | +80.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 111.24% | 42.53% | +68.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 126.20% | 39.03% | +87.17% |
Dividends
CAN vs. BLOK - Dividend Comparison
CAN has not paid dividends to shareholders, while BLOK's dividend yield for the trailing twelve months is around 0.62%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
BLOK Amplify Blockchain Technology ETF | 0.62% | 0.72% | 6.00% | 1.15% | 0.00% | 14.31% | 1.88% | 2.05% | 1.30% |
CAN Canaan Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CAN and BLOK have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CAN has higher volatility (19.57%) compared to BLOK (12.42%). In terms of maximum drawdown, CAN dropped -99.12% vs BLOK's -73.33%.
BLOK currently has the higher Sharpe Ratio (0.71 vs -0.37), 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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