CAN vs. SPUS

Last updated Apr 2, 2026

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.

Performance

CAN vs. SPUS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Canaan Inc. (CAN) and SP Funds S&P 500 Sharia Industry Exclusions ETF (SPUS). The values are adjusted to include any dividend payments, if applicable.

CAN vs. SPUS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
CAN Canaan Inc.	-40.58%	-66.34%	-11.26%	12.14%	-60.00%	-13.15%	-2.79%	31.75%
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF	-4.61%	19.77%	26.49%	34.24%	-22.76%	35.92%	25.68%	0.81%

Returns By Period

In the year-to-date period, CAN achieves a -40.58% return, which is significantly lower than SPUS's -4.61% return.

CAN

• 1D: -5.05%
• 1M: -19.45%
• YTD: -40.58%
• 6M: -60.58%
• 1Y: -52.72%
• 3Y*: -46.65%
• 5Y*: -54.91%
• 10Y*: —

SPUS

• 1D: 1.00%
• 1M: -4.58%
• YTD: -4.61%
• 6M: -2.12%
• 1Y: 25.37%
• 3Y*: 19.73%
• 5Y*: 13.95%
• 10Y*: —

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

Return for Risk

CAN vs. SPUS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CAN

CAN Risk / Return Rank: 23
CAN Sharpe Ratio Rank: 22
CAN Sortino Ratio Rank: 28
CAN Omega Ratio Rank: 28
CAN Calmar Ratio Rank: 18
CAN Martin Ratio Rank: 18

SPUS

SPUS Risk / Return Rank: 72
SPUS Sharpe Ratio Rank: 67
SPUS Sortino Ratio Rank: 72
SPUS Omega Ratio Rank: 71
SPUS Calmar Ratio Rank: 75
SPUS Martin Ratio Rank: 77

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. 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.

	CAN	SPUS	Difference
Sharpe ratio Return per unit of total volatility	-0.43	1.22	-1.65
Sortino ratio Return per unit of downside risk	-0.04	1.85	-1.89
Omega ratio Gain probability vs. loss probability	1.00	1.27	-0.27
Calmar ratio Return relative to maximum drawdown	-0.66	2.02	-2.67
Martin ratio Return relative to average drawdown	-1.17	8.55	-9.73
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. SPUS - Sharpe Ratio Comparison

The current CAN Sharpe Ratio is -0.43, which is lower than the SPUS Sharpe Ratio of 1.22. The chart below compares the historical Sharpe Ratios of CAN and SPUS, 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	SPUS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.43	1.22	-1.65
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.48	0.73	-1.21
Sharpe Ratio (All Time) Calculated using the full available price history	-0.30	0.76	-1.07

Correlation

The correlation between CAN and SPUS is 0.35, 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.

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 0.63%.

	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	0.63%	0.60%	0.70%	0.87%	1.21%	1.15%	1.04%

Drawdowns

CAN vs. SPUS - Drawdown Comparison

The maximum CAN drawdown since its inception was -98.94%, 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.

Drawdown Indicators

	CAN	SPUS	Difference
Max Drawdown Largest peak-to-trough decline	-98.94%	-30.80%	-68.14%
Max Drawdown (1Y) Largest decline over 1 year	-81.17%	-12.76%	-68.41%
Max Drawdown (5Y) Largest decline over 5 years	-98.24%	-28.06%	-70.18%
Current Drawdown Current decline from peak	-98.87%	-6.85%	-92.02%
Average Drawdown Average peak-to-trough decline	-83.35%	-6.35%	-77.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	45.38%	3.01%	+42.37%

Volatility

CAN vs. SPUS - Volatility Comparison

Canaan Inc. (CAN) has a higher volatility of 23.77% compared to SP Funds S&P 500 Sharia Industry Exclusions ETF (SPUS) at 6.10%. 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.

Volatility by Period

	CAN	SPUS	Difference
Volatility (1M) Calculated over the trailing 1-month period	23.77%	6.10%	+17.67%
Volatility (6M) Calculated over the trailing 6-month period	92.44%	11.27%	+81.17%
Volatility (1Y) Calculated over the trailing 1-year period	123.68%	20.91%	+102.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	113.75%	19.19%	+94.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	127.60%	21.43%	+106.17%