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 -52.29%/yr vs 14.52%/yr for SPUS. Their 0.36 correlation means their historical movements had little consistent relationship.
Performance
CAN vs. SPUS - Performance Comparison
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Returns By Period
In the year-to-date period, CAN achieves a -75.36% return, which is significantly lower than SPUS's 10.68% return.
CAN
- 1D
- -30.24%
- 1M
- -40.04%
- 6M
- -75.00%
- YTD
- -75.36%
- 1Y
- -74.21%
- 3Y*
- -62.21%
- 5Y*
- -52.29%
- 10Y*
- —
- ALL TIME*
- -44.73%
SPUS
- 1D
- -0.21%
- 1M
- -0.54%
- 6M
- 9.78%
- YTD
- 10.68%
- 1Y
- 25.03%
- 3Y*
- 20.31%
- 5Y*
- 14.52%
- 10Y*
- —
- ALL TIME*
- 18.05%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
CAN Canaan Inc. | $2.57M | $2.82M | $3.56M |
| $23.25M | $21.17M | $26.78M |
CAN vs. SPUS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
CAN Canaan Inc. | -75.36% | -66.34% | -11.26% | 12.14% | -60.00% | -13.15% | -2.79% | 17.53% |
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF | 10.68% | 19.77% | 26.49% | 34.24% | -22.76% | 35.92% | 25.68% | 0.95% |
Correlation
The correlation between CAN and SPUS is 0.46, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.46 |
Correlation (3Y) Balances recent behavior with more history. | 0.40 |
Correlation (5Y) Shows whether the relationship held over a longer 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 | -2.10 | ||
| Sortino ratioReturn per unit of downside risk | -3.01 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 1.26 | -0.36 |
| Calmar ratioReturn relative to maximum drawdown | -0.82 | 2.19 | -3.02 |
| Martin ratioReturn relative to average drawdown | -1.20 | 7.52 | -8.72 |
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Drawdowns
CAN vs. SPUS - Drawdown Comparison
The maximum CAN drawdown since its inception was -99.53%, 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 | -99.53% | -30.80% | -68.73% |
Max Drawdown (1Y)Largest decline over 1 year | -91.71% | -10.66% | -81.05% |
Max Drawdown (3Y)Largest decline over 3 years | -94.67% | -22.82% | -71.85% |
Max Drawdown (5Y)Largest decline over 5 years | -98.41% | -28.06% | -70.35% |
Current DrawdownCurrent decline from peak | -99.53% | -5.26% | -94.27% |
Average DrawdownAverage peak-to-trough decline | -84.07% | -6.17% | -77.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 62.97% | 3.10% | +59.87% |
Volatility
CAN vs. SPUS - Volatility Comparison
Canaan Inc. (CAN) has a higher volatility of 47.95% compared to SP Funds S&P 500 Sharia Industry Exclusions ETF (SPUS) at 4.66%. 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 | 47.95% | 4.66% | +43.29% |
Volatility (6M)Calculated over the trailing 6-month period | 73.73% | 12.81% | +60.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 119.68% | 15.89% | +103.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 111.90% | 19.49% | +92.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 126.48% | 21.26% | +105.22% |
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 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CAN has higher volatility (47.95%) compared to SPUS (4.66%). In terms of maximum drawdown, CAN dropped -99.53% vs SPUS's -30.80%.
SPUS currently has the higher Sharpe Ratio (1.47 vs -0.63), 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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