CANG vs. BTC-USD
CANG (Cango Inc.) is a stock, while BTC-USD (Bitcoin) is a cryptocurrency. Over the past 5 years, CANG returned -24.03%/yr vs 13.04%/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 -86.13% return, which is significantly lower than BTC-USD's -31.91% return.
CANG
- 1D
- -8.89%
- 1M
- -52.70%
- YTD
- -86.13%
- 6M
- -84.81%
- 1Y
- -90.43%
- 3Y*
- -28.94%
- 5Y*
- -24.03%
- 10Y*
- —
BTC-USD
- 1D
- -2.31%
- 1M
- -21.43%
- YTD
- -31.91%
- 6M
- -31.66%
- 1Y
- -44.53%
- 3Y*
- 25.32%
- 5Y*
- 13.04%
- 10Y*
- 56.92%
CANG vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
CANG Cango Inc. | -86.13% | -31.82% | 331.37% | -22.02% | 35.99% | -50.19% | -19.72% | 19.71% | -36.48% |
BTC-USD Bitcoin | -31.91% | -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 | 0.22 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.18 |
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 | +0.23 | ||
| Sortino ratioReturn per unit of downside risk | -0.50 | ||
| Omega ratioGain probability vs. loss probability | 0.75 | 0.84 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | -0.97 | -0.85 | -0.12 |
| Martin ratioReturn relative to average drawdown | -1.59 | -1.45 | -0.14 |
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Drawdowns
CANG vs. BTC-USD - Drawdown Comparison
The maximum CANG drawdown since its inception was -95.25%, 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 | -95.25% | -85.30% | -9.95% |
Max Drawdown (1Y)Largest decline over 1 year | -93.09% | -52.23% | -40.86% |
Max Drawdown (3Y)Largest decline over 3 years | -95.25% | -52.23% | -43.02% |
Max Drawdown (5Y)Largest decline over 5 years | -95.25% | -76.67% | -18.58% |
Max Drawdown (10Y)Largest decline over 10 years | — | -83.80% | — |
Current DrawdownCurrent decline from peak | -94.80% | -52.23% | -42.57% |
Average DrawdownAverage peak-to-trough decline | -59.96% | -42.42% | -17.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 56.75% | 31.57% | +25.18% |
Volatility
CANG vs. BTC-USD - Volatility Comparison
Cango Inc. (CANG) has a higher volatility of 61.09% compared to Bitcoin (BTC-USD) at 12.44%. 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 | 61.09% | 12.44% | +48.65% |
Volatility (6M)Calculated over the trailing 6-month period | 103.54% | 34.75% | +68.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 111.77% | 35.63% | +76.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 85.49% | 44.15% | +41.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 85.26% | 56.40% | +28.86% |
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 (61.09%) compared to BTC-USD (12.44%). In terms of maximum drawdown, CANG dropped -95.25% vs BTC-USD's -85.30%.
CANG currently has the higher Sharpe Ratio (-0.81 vs -1.04), 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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