CAN vs. BTC-USD
Compare and contrast key facts about Canaan Inc. (CAN) and Bitcoin (BTC-USD).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CAN or BTC-USD.
Key characteristics
| CAN | BTC-USD | |
|---|---|---|
| YTD Return | -34.63% | 114.32% |
| 1Y Return | -8.48% | 154.90% |
| 3Y Return (Ann) | -47.46% | 11.43% |
| Sharpe Ratio | -0.05 | 1.07 |
| Sortino Ratio | 0.96 | 1.78 |
| Omega Ratio | 1.10 | 1.17 |
| Calmar Ratio | -0.06 | 0.91 |
| Martin Ratio | -0.11 | 4.39 |
| Ulcer Index | 58.60% | 13.18% |
| Daily Std Dev | 127.90% | 44.55% |
| Max Drawdown | -97.93% | -93.07% |
| Current Drawdown | -95.85% | 0.00% |
Correlation
The correlation between CAN and BTC-USD is 0.38, 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.
Performance
CAN vs. BTC-USD - Performance Comparison
In the year-to-date period, CAN achieves a -34.63% return, which is significantly lower than BTC-USD's 114.32% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
CAN vs. BTC-USD - Risk-Adjusted Performance 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.
Drawdowns
CAN vs. BTC-USD - Drawdown Comparison
The maximum CAN drawdown since its inception was -97.93%, which is greater than BTC-USD's maximum drawdown of -93.07%. Use the drawdown chart below to compare losses from any high point for CAN and BTC-USD. For additional features, visit the drawdowns tool.
Volatility
CAN vs. BTC-USD - Volatility Comparison
Canaan Inc. (CAN) has a higher volatility of 52.38% compared to Bitcoin (BTC-USD) at 15.70%. 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.