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.
Performance
CAN vs. SPUS - Performance Comparison
Returns By Period
In the year-to-date period, CAN achieves a -21.21% return, which is significantly lower than SPUS's 24.69% return.
CAN
-21.21%
80.20%
78.43%
13.04%
-27.38%
N/A
SPUS
24.69%
-0.06%
10.77%
29.57%
N/A
N/A
Key characteristics
| CAN | SPUS | |
|---|---|---|
| Sharpe Ratio | 0.09 | 1.96 |
| Sortino Ratio | 1.21 | 2.61 |
| Omega Ratio | 1.13 | 1.36 |
| Calmar Ratio | 0.12 | 2.61 |
| Martin Ratio | 0.20 | 10.41 |
| Ulcer Index | 59.07% | 2.87% |
| Daily Std Dev | 128.69% | 15.30% |
| Max Drawdown | -97.93% | -30.80% |
| Current Drawdown | -95.00% | -2.15% |
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Correlation
The correlation between CAN and SPUS is 0.32, 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.
Risk-Adjusted Performance
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 0.70%.
| TTM | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
CAN Canaan Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF | 0.70% | 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 53.58% compared to SP Funds S&P 500 Sharia Industry Exclusions ETF (SPUS) at 4.90%. 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.