CAN vs. MARA

Last updated Apr 1, 2026

Compare and contrast key facts about Canaan Inc. (CAN) and Marathon Digital Holdings, Inc. (MARA).

Performance

CAN vs. MARA - Performance Comparison

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

CAN vs. MARA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
CAN Canaan Inc.	-37.42%	-66.34%	-11.26%	12.14%	-60.00%	-13.15%	-2.79%	-32.22%
MARA Marathon Digital Holdings, Inc.	-9.13%	-46.45%	-28.61%	586.84%	-89.59%	214.75%	1,084.48%	-10.56%

Fundamentals

EPS CAN : -$0.41 MARA : -$4.32
PS Ratio CAN : 0.42 MARA : 2.73
Total Revenue (TTM) CAN : $529.93M MARA : $907.09M
Gross Profit (TTM) CAN : $41.18M MARA : $576.49M
EBITDA (TTM) CAN : -$160.52M MARA : -$559.37M

Returns By Period

In the year-to-date period, CAN achieves a -37.42% return, which is significantly lower than MARA's -9.13% return.

CAN

• 1D: 11.84%
• 1M: -12.57%
• YTD: -37.42%
• 6M: -51.02%
• 1Y: -50.81%
• 3Y*: -45.72%
• 5Y*: -54.44%
• 10Y*: —

MARA

• 1D: 4.68%
• 1M: -8.72%
• YTD: -9.13%
• 6M: -55.31%
• 1Y: -29.04%
• 3Y*: -2.19%
• 5Y*: -30.09%
• 10Y*: -12.64%

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

Return for Risk

CAN vs. MARA — Risk / Return Rank

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

CAN

CAN Risk / Return Rank: 25
CAN Sharpe Ratio Rank: 23
CAN Sortino Ratio Rank: 31
CAN Omega Ratio Rank: 30
CAN Calmar Ratio Rank: 20
CAN Martin Ratio Rank: 20

MARA

MARA Risk / Return Rank: 28
MARA Sharpe Ratio Rank: 26
MARA Sortino Ratio Rank: 30
MARA Omega Ratio Rank: 30
MARA Calmar Ratio Rank: 27
MARA Martin Ratio Rank: 26

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. MARA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Canaan Inc. (CAN) and Marathon Digital Holdings, Inc. (MARA). 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	MARA	Difference
Sharpe ratio Return per unit of total volatility	-0.41	-0.36	-0.05
Sortino ratio Return per unit of downside risk	0.01	-0.03	+0.04
Omega ratio Gain probability vs. loss probability	1.00	1.00	0.00
Calmar ratio Return relative to maximum drawdown	-0.65	-0.49	-0.16
Martin ratio Return relative to average drawdown	-1.17	-0.94	-0.23
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. MARA - Sharpe Ratio Comparison

The current CAN Sharpe Ratio is -0.41, which is comparable to the MARA Sharpe Ratio of -0.36. The chart below compares the historical Sharpe Ratios of CAN and MARA, 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	MARA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.41	-0.36	-0.05
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.48	-0.28	-0.20
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	-0.09	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.30	-0.11	-0.19

Correlation

The correlation between CAN and MARA is 0.57, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

CAN vs. MARA - Dividend Comparison

Neither CAN nor MARA has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

CAN vs. MARA - Drawdown Comparison

The maximum CAN drawdown since its inception was -98.94%, roughly equal to the maximum MARA drawdown of -99.74%. Use the drawdown chart below to compare losses from any high point for CAN and MARA.

Drawdown Indicators

	CAN	MARA	Difference
Max Drawdown Largest peak-to-trough decline	-98.94%	-99.74%	+0.80%
Max Drawdown (1Y) Largest decline over 1 year	-81.17%	-70.53%	-10.64%
Max Drawdown (5Y) Largest decline over 5 years	-98.24%	-95.87%	-2.37%
Max Drawdown (10Y) Largest decline over 10 years	—	-99.20%	—
Current Drawdown Current decline from peak	-98.81%	-94.73%	-4.08%
Average Drawdown Average peak-to-trough decline	-83.34%	-77.82%	-5.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	45.10%	36.95%	+8.15%

Volatility

CAN vs. MARA - Volatility Comparison

The current volatility for Canaan Inc. (CAN) is 23.91%, while Marathon Digital Holdings, Inc. (MARA) has a volatility of 25.28%. This indicates that CAN experiences smaller price fluctuations and is considered to be less risky than MARA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CAN	MARA	Difference
Volatility (1M) Calculated over the trailing 1-month period	23.91%	25.28%	-1.37%
Volatility (6M) Calculated over the trailing 6-month period	92.33%	61.57%	+30.76%
Volatility (1Y) Calculated over the trailing 1-year period	123.63%	81.91%	+41.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	113.76%	107.54%	+6.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	127.63%	144.05%	-16.42%

Financials