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CAN vs. BTC-USD
Performance
Risk-Adjusted Performance
Drawdowns
Volatility

CAN vs. BTC-USD

Last updated May 12, 2025

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.

Correlation

The correlation between CAN and BTC-USD is 0.40, 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

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.

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Key characteristics

Daily Std Dev

CAN:

133.43%

BTC-USD:

42.23%

Max Drawdown

CAN:

-3.70%

BTC-USD:

-93.18%

Current Drawdown

CAN:

0.00%

BTC-USD:

-1.92%

Returns By Period

CAN

YTD

N/A

1M

N/A

6M

N/A

1Y

N/A

5Y*

N/A

10Y*

N/A

BTC-USD

YTD

11.43%

1M

24.82%

6M

29.37%

1Y

71.25%

5Y*

63.89%

10Y*

83.77%

*Annualized

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Risk-Adjusted Performance

CAN vs. BTC-USD — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
CAN
The Risk-Adjusted Performance Rank of CAN is 4949
Overall Rank
The Sharpe Ratio Rank of CAN is 4343
Sharpe Ratio Rank
The Sortino Ratio Rank of CAN is 5959
Sortino Ratio Rank
The Omega Ratio Rank of CAN is 5555
Omega Ratio Rank
The Calmar Ratio Rank of CAN is 4444
Calmar Ratio Rank
The Martin Ratio Rank of CAN is 4646
Martin Ratio Rank
BTC-USD
The Risk-Adjusted Performance Rank of BTC-USD is 9292
Overall Rank
The Sharpe Ratio Rank of BTC-USD is 9393
Sharpe Ratio Rank
The Sortino Ratio Rank of BTC-USD is 9292
Sortino Ratio Rank
The Omega Ratio Rank of BTC-USD is 9090
Omega Ratio Rank
The Calmar Ratio Rank of BTC-USD is 9494
Calmar Ratio Rank
The Martin Ratio Rank of BTC-USD is 9191
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

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.

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Drawdowns

CAN vs. BTC-USD - Drawdown Comparison

The maximum CAN drawdown since its inception was -3.70%, smaller than the maximum BTC-USD drawdown of -93.18%. Use the drawdown chart below to compare losses from any high point for CAN and BTC-USD. For additional features, visit the drawdowns tool.

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Volatility

CAN vs. BTC-USD - Volatility Comparison

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