CAN vs. RIOT

Last updated Apr 1, 2026

Compare and contrast key facts about Canaan Inc. (CAN) and Riot Blockchain, Inc. (RIOT).

Performance

CAN vs. RIOT - Performance Comparison

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

CAN vs. RIOT - 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%
RIOT Riot Blockchain, Inc.	-2.45%	24.09%	-34.00%	356.34%	-84.82%	31.43%	1,416.96%	-21.68%

Fundamentals

EPS CAN : -$0.41 RIOT : $0.42
PS Ratio CAN : 0.42 RIOT : 7.62
Total Revenue (TTM) CAN : $529.93M RIOT : $637.16M
Gross Profit (TTM) CAN : $41.18M RIOT : $251.99M
EBITDA (TTM) CAN : -$160.52M RIOT : $703.12M

Returns By Period

In the year-to-date period, CAN achieves a -37.42% return, which is significantly lower than RIOT's -2.45% return.

CAN

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

RIOT

• 1D: 4.48%
• 1M: -24.13%
• YTD: -2.45%
• 6M: -35.05%
• 1Y: 73.60%
• 3Y*: 7.35%
• 5Y*: -24.98%
• 10Y*: 18.08%

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

Return for Risk

CAN vs. RIOT — 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

RIOT

RIOT Risk / Return Rank: 70
RIOT Sharpe Ratio Rank: 72
RIOT Sortino Ratio Rank: 72
RIOT Omega Ratio Rank: 67
RIOT Calmar Ratio Rank: 70
RIOT Martin Ratio Rank: 67

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. RIOT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Canaan Inc. (CAN) and Riot Blockchain, Inc. (RIOT). 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	RIOT	Difference
Sharpe ratio Return per unit of total volatility	-0.41	0.88	-1.29
Sortino ratio Return per unit of downside risk	0.01	1.64	-1.63
Omega ratio Gain probability vs. loss probability	1.00	1.19	-0.19
Calmar ratio Return relative to maximum drawdown	-0.65	1.38	-2.02
Martin ratio Return relative to average drawdown	-1.17	2.87	-4.04
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. RIOT - Sharpe Ratio Comparison

The current CAN Sharpe Ratio is -0.41, which is lower than the RIOT Sharpe Ratio of 0.88. The chart below compares the historical Sharpe Ratios of CAN and RIOT, 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	RIOT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.41	0.88	-1.29
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.48	-0.26	-0.22
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.16	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.30	-0.16	-0.14

Correlation

The correlation between CAN and RIOT is 0.56, 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. RIOT - Dividend Comparison

Neither CAN nor RIOT has paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
CAN Canaan Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
RIOT Riot Blockchain, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	3.52%

Drawdowns

CAN vs. RIOT - Drawdown Comparison

The maximum CAN drawdown since its inception was -98.94%, roughly equal to the maximum RIOT drawdown of -99.98%. Use the drawdown chart below to compare losses from any high point for CAN and RIOT.

Drawdown Indicators

	CAN	RIOT	Difference
Max Drawdown Largest peak-to-trough decline	-98.94%	-99.98%	+1.04%
Max Drawdown (1Y) Largest decline over 1 year	-81.17%	-48.57%	-32.60%
Max Drawdown (5Y) Largest decline over 5 years	-98.24%	-94.45%	-3.79%
Max Drawdown (10Y) Largest decline over 10 years	—	-98.32%	—
Current Drawdown Current decline from peak	-98.81%	-99.61%	+0.80%
Average Drawdown Average peak-to-trough decline	-83.34%	-87.75%	+4.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	45.10%	23.25%	+21.85%

Volatility

CAN vs. RIOT - Volatility Comparison

Canaan Inc. (CAN) and Riot Blockchain, Inc. (RIOT) have volatilities of 23.91% and 25.00%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CAN	RIOT	Difference
Volatility (1M) Calculated over the trailing 1-month period	23.91%	25.00%	-1.09%
Volatility (6M) Calculated over the trailing 6-month period	92.33%	62.56%	+29.77%
Volatility (1Y) Calculated over the trailing 1-year period	123.63%	84.48%	+39.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	113.76%	95.49%	+18.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	127.63%	112.36%	+15.27%

Financials

CAN vs. RIOT - Profitability Comparison

The chart below illustrates the profitability comparison between Canaan Inc. and Riot Blockchain, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

CAN - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Canaan Inc. reported a gross profit of 14.58M and revenue of 196.27M. Therefore, the gross margin over that period was 7.4%.

RIOT - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Riot Blockchain, Inc. reported a gross profit of 70.76M and revenue of 180.23M. Therefore, the gross margin over that period was 39.3%.

CAN - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Canaan Inc. reported an operating income of -23.62M and revenue of 196.27M, resulting in an operating margin of -12.0%.

RIOT - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Riot Blockchain, Inc. reported an operating income of 80.05M and revenue of 180.23M, resulting in an operating margin of 44.4%.

CAN - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Canaan Inc. reported a net income of -85.04M and revenue of 196.27M, resulting in a net margin of -43.3%.

RIOT - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Riot Blockchain, Inc. reported a net income of 104.48M and revenue of 180.23M, resulting in a net margin of 58.0%.