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 0.31, 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:
0.87
SPY:
2.49
CAN:
2.19
SPY:
3.35
CAN:
1.25
SPY:
1.46
CAN:
1.19
SPY:
3.59
CAN:
1.96
SPY:
16.13
CAN:
59.38%
SPY:
1.87%
CAN:
134.58%
SPY:
12.09%
CAN:
-97.93%
SPY:
-55.19%
CAN:
-92.14%
SPY:
-0.59%
Returns By Period
In the year-to-date period, CAN achieves a 23.81% return, which is significantly lower than SPY's 28.32% return.
CAN
23.81%
89.40%
180.39%
64.37%
-11.42%
N/A
SPY
28.32%
1.18%
12.02%
29.74%
15.54%
13.83%
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Risk-Adjusted Performance
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 1.16%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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 | 0.84% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
CAN vs. SPY - Drawdown Comparison
The maximum CAN drawdown since its inception was -97.93%, 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 45.24% compared to SPDR S&P 500 ETF (SPY) at 2.35%. 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.