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CAN vs. VOO
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

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.


-0.50.00.51.00.3

Performance

CAN vs. VOO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Canaan Inc. (CAN) and Vanguard S&P 500 ETF (VOO). The values are adjusted to include any dividend payments, if applicable.

0.00%50.00%100.00%150.00%200.00%JulyAugustSeptemberOctoberNovemberDecember
125.22%
9.64%
CAN
VOO

Key characteristics

Sharpe Ratio

CAN:

-0.07

VOO:

2.25

Sortino Ratio

CAN:

0.92

VOO:

2.98

Omega Ratio

CAN:

1.10

VOO:

1.42

Calmar Ratio

CAN:

-0.10

VOO:

3.31

Martin Ratio

CAN:

-0.16

VOO:

14.77

Ulcer Index

CAN:

59.44%

VOO:

1.90%

Daily Std Dev

CAN:

130.33%

VOO:

12.46%

Max Drawdown

CAN:

-97.93%

VOO:

-33.99%

Current Drawdown

CAN:

-93.63%

VOO:

-2.47%

Returns By Period

In the year-to-date period, CAN achieves a 0.43% return, which is significantly lower than VOO's 26.02% return.


CAN

YTD

0.43%

1M

38.92%

6M

109.01%

1Y

-10.08%

5Y*

-13.44%

10Y*

N/A

VOO

YTD

26.02%

1M

-0.11%

6M

9.35%

1Y

26.45%

5Y*

14.79%

10Y*

13.08%

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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.


Sharpe ratio
The chart of Sharpe ratio for CAN, currently valued at -0.07, compared to the broader market-4.00-2.000.002.00-0.072.25
The chart of Sortino ratio for CAN, currently valued at 0.92, compared to the broader market-4.00-2.000.002.004.000.922.98
The chart of Omega ratio for CAN, currently valued at 1.10, compared to the broader market0.501.001.502.001.101.42
The chart of Calmar ratio for CAN, currently valued at -0.10, compared to the broader market0.002.004.006.00-0.103.31
The chart of Martin ratio for CAN, currently valued at -0.16, compared to the broader market-5.000.005.0010.0015.0020.0025.00-0.1614.77
CAN
VOO

The current CAN Sharpe Ratio is -0.07, which is lower than the VOO Sharpe Ratio of 2.25. The chart below compares the historical Sharpe Ratios of CAN and VOO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-1.000.001.002.003.004.00JulyAugustSeptemberOctoberNovemberDecember
-0.07
2.25
CAN
VOO

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 0.91%.


TTM20232022202120202019201820172016201520142013
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
0.91%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.


-100.00%-80.00%-60.00%-40.00%-20.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-93.63%
-2.47%
CAN
VOO

Volatility

CAN vs. VOO - Volatility Comparison

Canaan Inc. (CAN) has a higher volatility of 48.80% compared to Vanguard S&P 500 ETF (VOO) at 3.75%. 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.


0.00%10.00%20.00%30.00%40.00%50.00%60.00%JulyAugustSeptemberOctoberNovemberDecember
48.80%
3.75%
CAN
VOO
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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