CAN vs. SPY
Compare and contrast key facts about Canaan Inc. (CAN) and SPDR S&P 500 ETF (SPY).
SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CAN or SPY.
Correlation
The correlation between CAN and SPY is 0.33, 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. SPY - Performance Comparison
Key characteristics
CAN:
-0.17
SPY:
0.52
CAN:
0.59
SPY:
0.87
CAN:
1.07
SPY:
1.13
CAN:
-0.20
SPY:
0.55
CAN:
-0.55
SPY:
2.26
CAN:
35.09%
SPY:
4.59%
CAN:
115.40%
SPY:
20.10%
CAN:
-98.21%
SPY:
-55.19%
CAN:
-97.80%
SPY:
-9.86%
Returns By Period
In the year-to-date period, CAN achieves a -60.94% return, which is significantly lower than SPY's -5.73% return.
CAN
-60.94%
-12.11%
-24.46%
-12.40%
-30.09%
N/A
SPY
-5.73%
-0.87%
-4.56%
9.76%
15.17%
12.04%
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Risk-Adjusted Performance
CAN vs. SPY — Risk-Adjusted Performance Rank
CAN
SPY
CAN vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Canaan Inc. (CAN) and SPDR S&P 500 ETF (SPY). 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. SPY - Dividend Comparison
CAN has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.30%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CAN Canaan Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.30% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
CAN vs. SPY - Drawdown Comparison
The maximum CAN drawdown since its inception was -98.21%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for CAN and SPY. For additional features, visit the drawdowns tool.
Volatility
CAN vs. SPY - Volatility Comparison
Canaan Inc. (CAN) has a higher volatility of 27.75% compared to SPDR S&P 500 ETF (SPY) at 15.12%. This indicates that CAN's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.