CANG vs. BTC-USD
CANG (Cango Inc.) is a stock, while BTC-USD (Bitcoin) is a cryptocurrency. Over the past 5 years, CANG returned -12.22%/yr vs 11.41%/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 -72.07% return, which is significantly lower than BTC-USD's -27.71% return.
CANG
- 1D
- -0.36%
- 1M
- -10.07%
- YTD
- -72.07%
- 6M
- -68.02%
- 1Y
- -82.32%
- 3Y*
- -10.53%
- 5Y*
- -12.22%
- 10Y*
- —
BTC-USD
- 1D
- -5.18%
- 1M
- -20.79%
- YTD
- -27.71%
- 6M
- -32.32%
- 1Y
- -40.02%
- 3Y*
- 32.61%
- 5Y*
- 11.41%
- 10Y*
- 60.00%
CANG vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
CANG Cango Inc. | -72.07% | -31.82% | 331.37% | -22.02% | 35.99% | -50.19% | -19.72% | 19.71% | -36.58% |
BTC-USD Bitcoin | -27.71% | -6.27% | 120.76% | 155.82% | -64.23% | 59.40% | 304.57% | 94.10% | -53.46% |
Correlation
The correlation between CANG and BTC-USD is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.21 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Jul 27, 2018 | 0.11 |
Over the past year, CANG and BTC-USD have become more correlated (0.34) 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.
| CANG | BTC-USD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.82 | -0.93 | +0.11 |
Sortino ratioReturn per unit of downside risk | -1.78 | -1.31 | -0.47 |
Omega ratioGain probability vs. loss probability | 0.80 | 0.87 | -0.06 |
Calmar ratioReturn relative to maximum drawdown | -0.93 | -0.81 | -0.13 |
Martin ratioReturn relative to average drawdown | -1.56 | -1.42 | -0.15 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CANG | BTC-USD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.82 | -0.93 | +0.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.15 | 0.21 | -0.36 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.88 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.19 | 1.13 | -1.32 |
Drawdowns
CANG vs. BTC-USD - Drawdown Comparison
The maximum CANG drawdown since its inception was -91.48%, 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 | -91.48% | -85.30% | -6.18% |
Max Drawdown (1Y)Largest decline over 1 year | -87.61% | -49.65% | -37.96% |
Max Drawdown (3Y)Largest decline over 3 years | -91.48% | -49.65% | -41.83% |
Max Drawdown (5Y)Largest decline over 5 years | -91.48% | -76.67% | -14.81% |
Max Drawdown (10Y)Largest decline over 10 years | — | -83.80% | — |
Current DrawdownCurrent decline from peak | -89.52% | -49.29% | -40.23% |
Average DrawdownAverage peak-to-trough decline | -59.73% | -42.27% | -17.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 52.19% | 33.73% | +18.46% |
Volatility
CANG vs. BTC-USD - Volatility Comparison
Cango Inc. (CANG) has a higher volatility of 37.13% compared to Bitcoin (BTC-USD) at 10.81%. 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 | 37.13% | 10.81% | +26.32% |
Volatility (6M)Calculated over the trailing 6-month period | 88.14% | 34.33% | +53.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 100.26% | 35.60% | +64.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 82.32% | 45.05% | +37.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 83.55% | 56.69% | +26.86% |
Frequently Asked Questions
CANG and BTC-USD have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CANG has higher volatility (37.13%) compared to BTC-USD (10.81%). In terms of maximum drawdown, CANG dropped -91.48% vs BTC-USD's -85.30%.
CANG currently has the higher Sharpe Ratio (-0.82 vs -0.93), 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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