CAN vs. SPUS
Compare and contrast key facts about Canaan Inc. (CAN) and SP Funds S&P 500 Sharia Industry Exclusions ETF (SPUS).
SPUS is a passively managed fund by Toroso Investments that tracks the performance of the S&P 500 Shariah Industry Exclusions Index. It was launched on Dec 18, 2019.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CAN or SPUS.
Correlation
The correlation between CAN and SPUS is 0.34, 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.
Performance
CAN vs. SPUS - Performance Comparison
Key characteristics
CAN:
-0.35
SPUS:
-0.31
CAN:
0.18
SPUS:
-0.28
CAN:
1.02
SPUS:
0.96
CAN:
-0.42
SPUS:
-0.28
CAN:
-1.27
SPUS:
-1.26
CAN:
32.59%
SPUS:
4.75%
CAN:
118.28%
SPUS:
19.10%
CAN:
-97.93%
SPUS:
-30.80%
CAN:
-97.91%
SPUS:
-21.12%
Returns By Period
In the year-to-date period, CAN achieves a -62.86% return, which is significantly lower than SPUS's -18.00% return.
CAN
-62.86%
-39.57%
-26.08%
-41.43%
-23.41%
N/A
SPUS
-18.00%
-15.13%
-15.01%
-4.76%
17.53%
N/A
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Risk-Adjusted Performance
CAN vs. SPUS — Risk-Adjusted Performance Rank
CAN
SPUS
CAN vs. SPUS - Risk-Adjusted Performance 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.
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 0.86%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
CAN Canaan Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF | 0.86% | 0.71% | 0.87% | 1.21% | 0.93% | 1.04% |
Drawdowns
CAN vs. SPUS - Drawdown Comparison
The maximum CAN drawdown since its inception was -97.93%, 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. For additional features, visit the drawdowns tool.
Volatility
CAN vs. SPUS - Volatility Comparison
Canaan Inc. (CAN) has a higher volatility of 28.92% compared to SP Funds S&P 500 Sharia Industry Exclusions ETF (SPUS) at 10.10%. 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.