CANG vs. BTC-USD
CANG (Cango Inc.) is a stock, while BTC-USD (Bitcoin) is a cryptocurrency. Over the past 5 years, CANG returned -24.33%/yr vs 14.98%/yr for BTC-USD. At a 0.11 correlation, their price movements are largely independent.
Performance
CANG vs. BTC-USD - Performance Comparison
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Returns By Period
In the year-to-date period, CANG achieves a -88.17% return, which is significantly lower than BTC-USD's -27.00% return.
CANG
- 1D
- -1.44%
- 1M
- -43.86%
- 6M
- -87.42%
- YTD
- -88.17%
- 1Y
- -93.15%
- 3Y*
- -32.72%
- 5Y*
- -24.33%
- 10Y*
- —
BTC-USD
- 1D
- 0.16%
- 1M
- -0.89%
- 6M
- -33.12%
- YTD
- -27.00%
- 1Y
- -46.45%
- 3Y*
- 28.84%
- 5Y*
- 14.98%
- 10Y*
- 57.64%
CANG vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
CANG Cango Inc. | -88.17% | -31.82% | 331.37% | -22.02% | 35.99% | -50.19% | -19.72% | 19.71% | -36.48% |
BTC-USD Bitcoin | -27.00% | -6.27% | 120.76% | 155.82% | -64.23% | 59.40% | 304.57% | 94.10% | -54.74% |
Correlation
The correlation between CANG and BTC-USD is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Jul 26, 2018 | 0.11 |
Over the past year, CANG and BTC-USD have become more correlated (0.36) than their long-term average of 0.11, meaning their price movements have been converging.
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Return for Risk
CANG vs. BTC-USD — Risk / Return Rank
CANG
BTC-USD
CANG vs. BTC-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Cango Inc. (CANG) and Bitcoin (BTC-USD). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| CANG | BTC-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.24 | ||
| Sortino ratioReturn per unit of downside risk | -0.78 | ||
| Omega ratioGain probability vs. loss probability | 0.71 | 0.83 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | -1.00 | -0.88 | -0.12 |
| Martin ratioReturn relative to average drawdown | -1.52 | -1.41 | -0.12 |
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Drawdowns
CANG vs. BTC-USD - Drawdown Comparison
The maximum CANG drawdown since its inception was -95.56%, which is greater than BTC-USD's maximum drawdown of -85.30%. Use the drawdown chart below to compare losses from any high point for CANG and BTC-USD.
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Drawdown Indicators
| CANG | BTC-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.56% | -85.30% | -10.26% |
Max Drawdown (1Y)Largest decline over 1 year | -93.55% | -53.08% | -40.47% |
Max Drawdown (3Y)Largest decline over 3 years | -95.56% | -53.08% | -42.48% |
Max Drawdown (5Y)Largest decline over 5 years | -95.56% | -76.67% | -18.89% |
Max Drawdown (10Y)Largest decline over 10 years | — | -83.80% | — |
Current DrawdownCurrent decline from peak | -95.56% | -48.79% | -46.77% |
Average DrawdownAverage peak-to-trough decline | -60.22% | -42.59% | -17.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 61.04% | 29.41% | +31.63% |
Volatility
CANG vs. BTC-USD - Volatility Comparison
Cango Inc. (CANG) has a higher volatility of 57.37% compared to Bitcoin (BTC-USD) at 9.63%. This indicates that CANG's price experiences larger fluctuations and is considered to be riskier than BTC-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CANG | BTC-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 57.37% | 9.63% | +47.74% |
Volatility (6M)Calculated over the trailing 6-month period | 100.25% | 34.90% | +65.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 111.08% | 35.73% | +75.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 85.50% | 43.96% | +41.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 85.11% | 56.33% | +28.78% |
Frequently Asked Questions
CANG and BTC-USD have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CANG has higher volatility (57.37%) compared to BTC-USD (9.63%). In terms of maximum drawdown, CANG dropped -95.56% vs BTC-USD's -85.30%.
CANG currently has the higher Sharpe Ratio (-0.84 vs -1.08), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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