CAN vs. MARA
CAN (Canaan Inc.) and MARA (MARA Holdings, Inc.) are both stocks. CAN operates in Computer Hardware (Technology), while MARA operates in Capital Markets (Financial Services). Over the past 5 years, CAN returned -46.98%/yr vs -12.99%/yr for MARA. A 0.57 correlation means they provide meaningful diversification when combined.
Performance
CAN vs. MARA - Performance Comparison
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Returns By Period
In the year-to-date period, CAN achieves a -50.58% return, which is significantly lower than MARA's 63.70% return.
CAN
- 1D
- -2.82%
- 1M
- -17.83%
- YTD
- -50.58%
- 6M
- -56.97%
- 1Y
- -43.98%
- 3Y*
- -44.91%
- 5Y*
- -46.98%
- 10Y*
- —
MARA
- 1D
- -1.01%
- 1M
- 6.44%
- YTD
- 63.70%
- 6M
- 49.09%
- 1Y
- 3.67%
- 3Y*
- 4.97%
- 5Y*
- -12.99%
- 10Y*
- -9.81%
CAN vs. MARA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
CAN Canaan Inc. | -50.58% | -66.34% | -11.26% | 12.14% | -60.00% | -13.15% | -2.79% | -32.22% |
MARA MARA Holdings, Inc. | 63.70% | -46.45% | -28.61% | 586.84% | -89.59% | 214.75% | 1,084.48% | -10.97% |
Correlation
The correlation between CAN and MARA is 0.62, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.62 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.62 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.63 |
Correlation (All Time) Calculated using the full available price history since Nov 20, 2019 | 0.57 |
The correlation between CAN and MARA has been stable across timeframes, ranging from 0.57 to 0.63 - a consistent structural relationship.
Fundamentals
CAN:
$235.77M
MARA:
$5.59B
CAN:
-$0.38
MARA:
-$4.95
CAN:
0.38
MARA:
6.97
CAN:
$510.04M
MARA:
$867.82M
CAN:
$17.56M
MARA:
$164.95M
CAN:
-$144.51M
MARA:
$373.68M
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Return for Risk
CAN vs. MARA — Risk / Return Rank
CAN
MARA
CAN vs. MARA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Canaan Inc. (CAN) and MARA 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| CAN | MARA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.42 | ||
| Sortino ratioReturn per unit of downside risk | -0.53 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.08 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | -0.52 | 0.05 | -0.57 |
| Martin ratioReturn relative to average drawdown | -0.77 | 0.09 | -0.86 |
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Drawdowns
CAN vs. MARA - Drawdown Comparison
The maximum CAN drawdown since its inception was -99.12%, 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.
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Drawdown Indicators
| CAN | MARA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.12% | -99.74% | +0.62% |
Max Drawdown (1Y)Largest decline over 1 year | -84.38% | -70.53% | -13.85% |
Max Drawdown (3Y)Largest decline over 3 years | -89.96% | -78.34% | -11.62% |
Max Drawdown (5Y)Largest decline over 5 years | -97.01% | -95.87% | -1.14% |
Max Drawdown (10Y)Largest decline over 10 years | — | -99.20% | — |
Current DrawdownCurrent decline from peak | -99.06% | -90.50% | -8.56% |
Average DrawdownAverage peak-to-trough decline | -83.82% | -78.02% | -5.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 57.17% | 42.92% | +14.25% |
Volatility
CAN vs. MARA - Volatility Comparison
The current volatility for Canaan Inc. (CAN) is 19.57%, while MARA Holdings, Inc. (MARA) has a volatility of 22.49%. 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.
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Volatility by Period
| CAN | MARA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.57% | 22.49% | -2.92% |
Volatility (6M)Calculated over the trailing 6-month period | 60.78% | 59.83% | +0.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 119.58% | 79.25% | +40.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 111.24% | 105.92% | +5.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 126.20% | 144.16% | -17.96% |
Dividends
CAN vs. MARA - Dividend Comparison
Neither CAN nor MARA has paid dividends to shareholders.
Financials
CAN vs. MARA - Financials Comparison
This section allows you to compare key financial metrics between Canaan Inc. and MARA Holdings, Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
Frequently Asked Questions
CAN and MARA have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MARA has higher volatility (22.49%) compared to CAN (19.57%). In terms of maximum drawdown, CAN dropped -99.12% vs MARA's -99.74%.
MARA currently has the higher Sharpe Ratio (0.05 vs -0.37), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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