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

CAN vs. BTC-USD

Last updated Apr 4, 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 0.38, 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.

-0.50.00.51.0
Correlation: 0.4

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.
0.00%200.00%400.00%600.00%800.00%1,000.00%1,200.00%NovemberDecember2025FebruaryMarchApril
-90.88%
987.34%
CAN
BTC-USD

Key characteristics

Sharpe Ratio

CAN:

-0.32

BTC-USD:

0.77

Sortino Ratio

CAN:

0.27

BTC-USD:

1.41

Omega Ratio

CAN:

1.03

BTC-USD:

1.14

Calmar Ratio

CAN:

-0.38

BTC-USD:

0.55

Martin Ratio

CAN:

-1.16

BTC-USD:

3.60

Ulcer Index

CAN:

32.24%

BTC-USD:

11.19%

Daily Std Dev

CAN:

118.06%

BTC-USD:

42.23%

Max Drawdown

CAN:

-97.93%

BTC-USD:

-93.07%

Current Drawdown

CAN:

-97.75%

BTC-USD:

-21.71%

Returns By Period

In the year-to-date period, CAN achieves a -60.00% return, which is significantly lower than BTC-USD's -11.05% return.

CAN

YTD

-60.00%

1M

-32.78%

6M

-18.80%

1Y

-36.92%

5Y*

-22.28%

10Y*

N/A

BTC-USD

YTD

-11.05%

1M

-4.72%

6M

36.77%

1Y

25.95%

5Y*

64.65%

10Y*

78.33%

*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 3636
Overall Rank
The Sharpe Ratio Rank of CAN is 3636
Sharpe Ratio Rank
The Sortino Ratio Rank of CAN is 4646
Sortino Ratio Rank
The Omega Ratio Rank of CAN is 4545
Omega Ratio Rank
The Calmar Ratio Rank of CAN is 2929
Calmar Ratio Rank
The Martin Ratio Rank of CAN is 2424
Martin Ratio Rank
BTC-USD
The Risk-Adjusted Performance Rank of BTC-USD is 8585
Overall Rank
The Sharpe Ratio Rank of BTC-USD is 8787
Sharpe Ratio Rank
The Sortino Ratio Rank of BTC-USD is 8282
Sortino Ratio Rank
The Omega Ratio Rank of BTC-USD is 8282
Omega Ratio Rank
The Calmar Ratio Rank of BTC-USD is 8989
Calmar Ratio Rank
The Martin Ratio Rank of BTC-USD is 8686
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.

Sharpe ratio
The chart of Sharpe ratio for CAN, currently valued at -0.21, compared to the broader market-2.00-1.000.001.002.003.00
CAN: -0.21
BTC-USD: 0.77
The chart of Sortino ratio for CAN, currently valued at 0.56, compared to the broader market-6.00-4.00-2.000.002.004.00
CAN: 0.56
BTC-USD: 1.41
The chart of Omega ratio for CAN, currently valued at 1.06, compared to the broader market0.501.001.502.00
CAN: 1.06
BTC-USD: 1.14
The chart of Calmar ratio for CAN, currently valued at -0.38, compared to the broader market0.001.002.003.004.005.00
CAN: -0.38
BTC-USD: 0.55
The chart of Martin ratio for CAN, currently valued at -0.80, compared to the broader market-10.00-5.000.005.0010.0015.0020.00
CAN: -0.80
BTC-USD: 3.60

The current CAN Sharpe Ratio is -0.32, which is lower than the BTC-USD Sharpe Ratio of 0.77. 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.

Rolling 12-month Sharpe Ratio-1.000.001.002.003.00NovemberDecember2025FebruaryMarchApril
-0.21
0.77
CAN
BTC-USD

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.

-100.00%-80.00%-60.00%-40.00%-20.00%0.00%NovemberDecember2025FebruaryMarchApril
-97.75%
-21.71%
CAN
BTC-USD

Volatility

CAN vs. BTC-USD - Volatility Comparison

Canaan Inc. (CAN) has a higher volatility of 29.04% compared to Bitcoin (BTC-USD) at 15.17%. 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.

10.00%20.00%30.00%40.00%50.00%60.00%NovemberDecember2025FebruaryMarchApril
29.04%
15.17%
CAN
BTC-USD
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DrawdownsExpected ShortfallUlcer IndexValue at RiskClose-to-Close VolatilityParkinson VolatilityGarman Klass VolatilityRogers-Satchell VolatilityYang Zhang Volatility

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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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