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:
-0.17
SPUS:
0.29
CAN:
0.59
SPUS:
0.56
CAN:
1.07
SPUS:
1.08
CAN:
-0.20
SPUS:
0.29
CAN:
-0.55
SPUS:
1.05
CAN:
35.09%
SPUS:
6.31%
CAN:
115.40%
SPUS:
22.90%
CAN:
-98.21%
SPUS:
-30.80%
CAN:
-97.80%
SPUS:
-13.38%
Returns By Period
In the year-to-date period, CAN achieves a -60.94% return, which is significantly lower than SPUS's -9.95% return.
CAN
-60.94%
-12.11%
-24.46%
-12.40%
-30.09%
N/A
SPUS
-9.95%
-0.50%
-8.39%
5.44%
15.98%
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 0.79%.
| 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 | 0.79% | 0.71% | 0.87% | 1.21% | 0.93% | 1.04% |
Drawdowns
CAN vs. SPUS - Drawdown Comparison
The maximum CAN drawdown since its inception was -98.21%, 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 27.75% compared to SP Funds S&P 500 Sharia Industry Exclusions ETF (SPUS) at 15.71%. 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.