CAN vs. VOO
Compare and contrast key facts about Canaan Inc. (CAN) and Vanguard S&P 500 ETF (VOO).
VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CAN or VOO.
Performance
CAN vs. VOO - Performance Comparison
Returns By Period
In the year-to-date period, CAN achieves a -27.71% return, which is significantly lower than VOO's 25.52% return.
CAN
-27.71%
68.69%
53.21%
2.45%
-28.65%
N/A
VOO
25.52%
1.19%
12.21%
32.23%
15.58%
13.15%
Key characteristics
| CAN | VOO | |
|---|---|---|
| Sharpe Ratio | -0.01 | 2.62 |
| Sortino Ratio | 1.04 | 3.50 |
| Omega Ratio | 1.11 | 1.49 |
| Calmar Ratio | -0.01 | 3.78 |
| Martin Ratio | -0.02 | 17.12 |
| Ulcer Index | 59.00% | 1.86% |
| Daily Std Dev | 128.46% | 12.19% |
| Max Drawdown | -97.93% | -33.99% |
| Current Drawdown | -95.41% | -1.36% |
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Correlation
The correlation between CAN and VOO 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.
Risk-Adjusted Performance
CAN vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Canaan Inc. (CAN) and Vanguard S&P 500 ETF (VOO). 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. VOO - Dividend Comparison
CAN has not paid dividends to shareholders, while VOO's dividend yield for the trailing twelve months is around 1.25%.
| 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% |
VOO Vanguard S&P 500 ETF | 1.25% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
Drawdowns
CAN vs. VOO - Drawdown Comparison
The maximum CAN drawdown since its inception was -97.93%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for CAN and VOO. For additional features, visit the drawdowns tool.
Volatility
CAN vs. VOO - Volatility Comparison
Canaan Inc. (CAN) has a higher volatility of 53.68% compared to Vanguard S&P 500 ETF (VOO) at 4.10%. This indicates that CAN's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.