CANG vs. CLSK
CANG (Cango Inc.) and CLSK (CleanSpark, Inc.) are both stocks. CANG operates in Internet Content & Information (Communication Services), while CLSK operates in Capital Markets (Financial Services). Over the past 5 years, CANG returned -22.34%/yr vs 0.76%/yr for CLSK. At a 0.17 correlation, their price movements are largely independent.
Performance
CANG vs. CLSK - Performance Comparison
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Returns By Period
In the year-to-date period, CANG achieves a -84.60% return, which is significantly lower than CLSK's 72.43% return.
CANG
- 1D
- 21.58%
- 1M
- -52.68%
- YTD
- -84.60%
- 6M
- -84.18%
- 1Y
- -89.62%
- 3Y*
- -25.78%
- 5Y*
- -22.34%
- 10Y*
- —
CLSK
- 1D
- 1.22%
- 1M
- 9.27%
- YTD
- 72.43%
- 6M
- 44.21%
- 1Y
- 93.89%
- 3Y*
- 56.07%
- 5Y*
- 0.76%
- 10Y*
- -6.03%
CANG vs. CLSK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
CANG Cango Inc. | -84.60% | -31.82% | 331.37% | -22.02% | 35.99% | -50.19% | -19.72% | 19.71% | -36.48% |
CLSK CleanSpark, Inc. | 72.43% | 9.88% | -16.50% | 440.69% | -78.57% | -67.23% | 442.99% | -73.90% | -29.31% |
Correlation
The correlation between CANG and CLSK is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.42 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Jul 26, 2018 | 0.17 |
Over the past year, CANG and CLSK have become more correlated (0.42) than their long-term average of 0.17, meaning their price movements have been converging.
Fundamentals
CANG:
-CN¥10.61
CLSK:
-$2.24
CANG:
0.26
CLSK:
5.27
CANG:
CN¥2.32B
CLSK:
$739.88M
CANG:
-CN¥783.34M
CLSK:
$306.93M
CANG:
-CN¥1.82B
CLSK:
-$103.41M
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Return for Risk
CANG vs. CLSK — Risk / Return Rank
CANG
CLSK
CANG vs. CLSK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Cango Inc. (CANG) and CleanSpark, Inc. (CLSK). 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 | CLSK | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.87 | ||
| Sortino ratioReturn per unit of downside risk | -3.80 | ||
| Omega ratioGain probability vs. loss probability | 0.76 | 1.22 | -0.45 |
| Calmar ratioReturn relative to maximum drawdown | -0.96 | 1.46 | -2.42 |
| Martin ratioReturn relative to average drawdown | -1.60 | 2.41 | -4.01 |
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Drawdowns
CANG vs. CLSK - Drawdown Comparison
The maximum CANG drawdown since its inception was -95.25%, roughly equal to the maximum CLSK drawdown of -98.56%. Use the drawdown chart below to compare losses from any high point for CANG and CLSK.
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Drawdown Indicators
| CANG | CLSK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.25% | -98.56% | +3.31% |
Max Drawdown (1Y)Largest decline over 1 year | -93.09% | -64.74% | -28.35% |
Max Drawdown (3Y)Largest decline over 3 years | -95.25% | -71.28% | -23.97% |
Max Drawdown (5Y)Largest decline over 5 years | -95.25% | -92.00% | -3.25% |
Max Drawdown (10Y)Largest decline over 10 years | — | -98.56% | — |
Current DrawdownCurrent decline from peak | -94.22% | -76.10% | -18.12% |
Average DrawdownAverage peak-to-trough decline | -59.91% | -69.77% | +9.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 55.86% | 39.11% | +16.75% |
Volatility
CANG vs. CLSK - Volatility Comparison
Cango Inc. (CANG) has a higher volatility of 61.58% compared to CleanSpark, Inc. (CLSK) at 20.59%. This indicates that CANG's price experiences larger fluctuations and is considered to be riskier than CLSK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CANG | CLSK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 61.58% | 20.59% | +40.99% |
Volatility (6M)Calculated over the trailing 6-month period | 104.79% | 60.37% | +44.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 112.25% | 88.55% | +23.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 85.40% | 100.73% | -15.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 85.26% | 183.32% | -98.06% |
Dividends
CANG vs. CLSK - Dividend Comparison
Neither CANG nor CLSK has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
CANG Cango Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 229.36% | 31.85% | 3.57% | 2.73% |
CLSK CleanSpark, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
CANG vs. CLSK - Financials Comparison
This section allows you to compare key financial metrics between Cango Inc. and CleanSpark, Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
Frequently Asked Questions
CANG and CLSK have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CANG has higher volatility (61.58%) compared to CLSK (20.59%). In terms of maximum drawdown, CANG dropped -95.25% vs CLSK's -98.56%.
CLSK currently has the higher Sharpe Ratio (1.07 vs -0.80), 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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