CAN vs. BTC-USD

Last updated Apr 2, 2026

Compare and contrast key facts about Canaan Inc. (CAN) and Bitcoin (BTC-USD).

Performance

CAN vs. BTC-USD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Canaan Inc. (CAN) and Bitcoin (BTC-USD). The values are adjusted to include any dividend payments, if applicable.

CAN vs. BTC-USD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
CAN Canaan Inc.	-40.58%	-66.34%	-11.26%	12.14%	-60.00%	-13.15%	-2.79%	-32.22%
BTC-USD Bitcoin	-21.63%	-6.27%	120.76%	155.82%	-64.23%	59.40%	304.57%	-11.35%

Returns By Period

In the year-to-date period, CAN achieves a -40.58% return, which is significantly lower than BTC-USD's -21.63% return.

CAN

• 1D: -5.05%
• 1M: -19.45%
• YTD: -40.58%
• 6M: -60.58%
• 1Y: -52.72%
• 3Y*: -46.65%
• 5Y*: -54.91%
• 10Y*: —

BTC-USD

• 1D: 0.51%
• 1M: -0.38%
• YTD: -21.63%
• 6M: -42.21%
• 1Y: -19.49%
• 3Y*: 34.49%
• 5Y*: 3.06%
• 10Y*: 66.45%

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

Return for Risk

CAN vs. BTC-USD — Risk / Return Rank

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

CAN

CAN Risk / Return Rank: 23
CAN Sharpe Ratio Rank: 22
CAN Sortino Ratio Rank: 28
CAN Omega Ratio Rank: 28
CAN Calmar Ratio Rank: 18
CAN Martin Ratio Rank: 18

BTC-USD

BTC-USD Risk / Return Rank: 43
BTC-USD Sharpe Ratio Rank: 61
BTC-USD Sortino Ratio Rank: 55
BTC-USD Omega Ratio Rank: 51
BTC-USD Calmar Ratio Rank: 43
BTC-USD Martin Ratio Rank: 4

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.

CAN vs. BTC-USD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Canaan Inc. (CAN) and Bitcoin (BTC-USD). 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.

	CAN	BTC-USD	Difference
Sharpe ratio Return per unit of total volatility	-0.43	-0.44	+0.01
Sortino ratio Return per unit of downside risk	-0.04	-0.38	+0.33
Omega ratio Gain probability vs. loss probability	1.00	0.96	+0.04
Calmar ratio Return relative to maximum drawdown	-0.66	-1.11	+0.45
Martin ratio Return relative to average drawdown	-1.17	-1.99	+0.81
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CAN vs. BTC-USD - Sharpe Ratio Comparison

The current CAN Sharpe Ratio is -0.43, which is comparable to the BTC-USD Sharpe Ratio of -0.44. The chart below compares the historical Sharpe Ratios of CAN and BTC-USD, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	CAN	BTC-USD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.43	-0.44	+0.01
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.48	0.05	-0.54
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.97	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.30	1.19	-1.49

Correlation

The correlation between CAN and BTC-USD is 0.39, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Drawdowns

CAN vs. BTC-USD - Drawdown Comparison

The maximum CAN drawdown since its inception was -98.94%, which is greater than BTC-USD's maximum drawdown of -85.30%. Use the drawdown chart below to compare losses from any high point for CAN and BTC-USD.

Drawdown Indicators

	CAN	BTC-USD	Difference
Max Drawdown Largest peak-to-trough decline	-98.94%	-85.30%	-13.64%
Max Drawdown (1Y) Largest decline over 1 year	-81.17%	-49.65%	-31.52%
Max Drawdown (5Y) Largest decline over 5 years	-98.24%	-76.67%	-21.57%
Max Drawdown (10Y) Largest decline over 10 years	—	-83.80%	—
Current Drawdown Current decline from peak	-98.87%	-45.02%	-53.85%
Average Drawdown Average peak-to-trough decline	-83.35%	-41.99%	-41.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	45.38%	27.60%	+17.78%

Volatility

CAN vs. BTC-USD - Volatility Comparison

Canaan Inc. (CAN) has a higher volatility of 23.77% compared to Bitcoin (BTC-USD) at 13.58%. This indicates that CAN's price experiences larger fluctuations and is considered to be riskier than BTC-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CAN	BTC-USD	Difference
Volatility (1M) Calculated over the trailing 1-month period	23.77%	13.58%	+10.19%
Volatility (6M) Calculated over the trailing 6-month period	92.44%	35.98%	+56.46%
Volatility (1Y) Calculated over the trailing 1-year period	123.68%	36.76%	+86.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	113.75%	46.90%	+66.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	127.60%	56.70%	+70.90%