CAN vs. SPUS
CAN (Canaan Inc.) is a stock, while SPUS (SP Funds S&P 500 Sharia Industry Exclusions ETF) is S&P 500 fund tracking the S&P 500 Shariah Industry Exclusions Index. Over the past 5 years, CAN returned -45.93%/yr vs 15.16%/yr for SPUS. At a 0.36 correlation, their price movements are largely independent.
Performance
CAN vs. SPUS - Performance Comparison
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Returns By Period
In the year-to-date period, CAN achieves a -56.41% return, which is significantly lower than SPUS's 11.94% return.
CAN
- 1D
- -2.50%
- 1M
- -6.06%
- 6M
- -63.50%
- YTD
- -56.41%
- 1Y
- -58.25%
- 3Y*
- -53.23%
- 5Y*
- -45.93%
- 10Y*
- —
SPUS
- 1D
- -1.35%
- 1M
- 0.49%
- 6M
- 10.49%
- YTD
- 11.94%
- 1Y
- 27.20%
- 3Y*
- 21.29%
- 5Y*
- 15.16%
- 10Y*
- —
CAN vs. SPUS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
CAN Canaan Inc. | -56.41% | -66.34% | -11.26% | 12.14% | -60.00% | -13.15% | -2.79% | 17.53% |
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF | 11.94% | 19.77% | 26.49% | 34.24% | -22.76% | 35.92% | 25.68% | 0.95% |
Correlation
The correlation between CAN and SPUS is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.42 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.39 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.42 |
Correlation (All Time) Calculated using the full available price history since Dec 18, 2019 | 0.36 |
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Return for Risk
CAN vs. SPUS — Risk / Return Rank
CAN
SPUS
CAN vs. SPUS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Canaan Inc. (CAN) and SP Funds S&P 500 Sharia Industry Exclusions ETF (SPUS). 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 | SPUS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.25 | ||
| Sortino ratioReturn per unit of downside risk | -2.65 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.31 | -0.34 |
| Calmar ratioReturn relative to maximum drawdown | -0.67 | 2.56 | -3.24 |
| Martin ratioReturn relative to average drawdown | -0.97 | 9.53 | -10.49 |
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Drawdowns
CAN vs. SPUS - Drawdown Comparison
The maximum CAN drawdown since its inception was -99.27%, which is greater than SPUS's maximum drawdown of -30.80%. Use the drawdown chart below to compare losses from any high point for CAN and SPUS.
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Drawdown Indicators
| CAN | SPUS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.27% | -30.80% | -68.47% |
Max Drawdown (1Y)Largest decline over 1 year | -86.98% | -10.66% | -76.32% |
Max Drawdown (3Y)Largest decline over 3 years | -91.63% | -22.82% | -68.81% |
Max Drawdown (5Y)Largest decline over 5 years | -97.50% | -28.06% | -69.44% |
Current DrawdownCurrent decline from peak | -99.17% | -4.17% | -95.00% |
Average DrawdownAverage peak-to-trough decline | -83.94% | -6.18% | -77.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 60.36% | 2.86% | +57.50% |
Volatility
CAN vs. SPUS - Volatility Comparison
Canaan Inc. (CAN) has a higher volatility of 31.87% compared to SP Funds S&P 500 Sharia Industry Exclusions ETF (SPUS) at 5.65%. This indicates that CAN's price experiences larger fluctuations and is considered to be riskier than SPUS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CAN | SPUS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 31.87% | 5.65% | +26.22% |
Volatility (6M)Calculated over the trailing 6-month period | 64.12% | 12.58% | +51.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 122.55% | 15.45% | +107.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 111.81% | 19.45% | +92.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 126.25% | 21.29% | +104.96% |
Dividends
CAN vs. SPUS - Dividend Comparison
CAN has not paid dividends to shareholders, while SPUS's dividend yield for the trailing twelve months is around 0.54%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
CAN Canaan Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF | 0.54% | 0.60% | 0.70% | 0.87% | 1.21% | 1.15% | 1.04% |
Frequently Asked Questions
CAN and SPUS have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CAN has higher volatility (31.87%) compared to SPUS (5.65%). In terms of maximum drawdown, CAN dropped -99.27% vs SPUS's -30.80%.
SPUS currently has the higher Sharpe Ratio (1.77 vs -0.48), 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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