CANG vs. IREN

Last updated Jun 23, 2026

CANG (Cango Inc.) and IREN (IREN Limited) are both stocks. CANG operates in Internet Content & Information (Communication Services), while IREN operates in Capital Markets (Financial Services). Over the past 3 years, CANG returned -25.78%/yr vs 131.23%/yr for IREN. At a 0.19 correlation, their price movements are largely independent.

Performance

CANG vs. IREN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Cango Inc. (CANG) and IREN Limited (IREN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CANG achieves a -84.60% return, which is significantly lower than IREN's 50.57% return.

CANG

• 1D: 21.58%
• 1M: -52.68%
• YTD: -84.60%
• 6M: -84.18%
• 1Y: -89.62%
• 3Y*: -25.78%
• 5Y*: -22.34%
• 10Y*: —

IREN

• 1D: -5.15%
• 1M: 0.07%
• YTD: 50.57%
• 6M: 35.28%
• 1Y: 443.17%
• 3Y*: 131.23%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

CANG vs. IREN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
CANG Cango Inc.	-84.60%	-31.82%	331.37%	-22.02%	35.99%	-29.75%
IREN IREN Limited	50.57%	284.62%	37.34%	472.00%	-92.27%	-42.25%

Correlation

The correlation between CANG and IREN is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.30
Correlation (3Y) Calculated over the trailing 3-year period	0.24
Correlation (All Time) Calculated using the full available price history since Nov 17, 2021	0.19

The correlation between CANG and IREN shifts across timeframes, from 0.19 (all time) to 0.30 (1 year), reflecting how their relationship changes across market environments.

Fundamentals

EPS CANG : -CN¥10.61 IREN : $0.45
PS Ratio CANG : 0.26 IREN : 12.74
Total Revenue (TTM) CANG : CN¥2.32B IREN : $757.07M
Gross Profit (TTM) CANG : -CN¥783.34M IREN : $433.88M
EBITDA (TTM) CANG : -CN¥1.82B IREN : -$173.05M

Return for Risk

CANG vs. IREN — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CANG

CANG Risk / Return Rank: 5
CANG Sharpe Ratio Rank: 9
CANG Sortino Ratio Rank: 3
CANG Omega Ratio Rank: 4
CANG Calmar Ratio Rank: 3
CANG Martin Ratio Rank: 4

IREN

IREN Risk / Return Rank: 94
IREN Sharpe Ratio Rank: 98
IREN Sortino Ratio Rank: 93
IREN Omega Ratio Rank: 89
IREN Calmar Ratio Rank: 96
IREN Martin Ratio Rank: 93

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CANG vs. IREN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Cango Inc. (CANG) and IREN Limited (IREN). 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	IREN	Difference
Sharpe ratio: Return per unit of total volatility	-0.80	4.34	-5.14
Sortino ratio: Return per unit of downside risk	-1.94	3.53	-5.47
Omega ratio: Gain probability vs. loss probability	0.76	1.40	-0.64
Calmar ratio: Return relative to maximum drawdown	-0.96	7.62	-8.59
Martin ratio: Return relative to average drawdown	-1.60	14.43	-16.03

CANG vs. IREN - Sharpe Ratio Comparison

The current CANG Sharpe Ratio is -0.80, which is lower than the IREN Sharpe Ratio of 4.34. The chart below compares the historical Sharpe Ratios of CANG and IREN, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

CANG vs. IREN - Drawdown Comparison

The maximum CANG drawdown since its inception was -95.25%, roughly equal to the maximum IREN drawdown of -96.21%. Use the drawdown chart below to compare losses from any high point for CANG and IREN.

Drawdown Indicators

	CANG	IREN	Difference
Max Drawdown Largest peak-to-trough decline	-95.25%	-96.21%	+0.96%
Max Drawdown (1Y) Largest decline over 1 year	-93.09%	-58.62%	-34.47%
Max Drawdown (3Y) Largest decline over 3 years	-95.25%	-65.56%	-29.69%
Max Drawdown (5Y) Largest decline over 5 years	-95.25%	—	—
Current Drawdown Current decline from peak	-94.22%	-25.57%	-68.65%
Average Drawdown Average peak-to-trough decline	-59.91%	-65.23%	+5.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	55.86%	30.91%	+24.95%

Volatility

CANG vs. IREN - Volatility Comparison

Cango Inc. (CANG) has a higher volatility of 61.58% compared to IREN Limited (IREN) at 30.39%. This indicates that CANG's price experiences larger fluctuations and is considered to be riskier than IREN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CANG	IREN	Difference
Volatility (1M) Calculated over the trailing 1-month period	61.58%	30.39%	+31.19%
Volatility (6M) Calculated over the trailing 6-month period	104.79%	73.97%	+30.82%
Volatility (1Y) Calculated over the trailing 1-year period	112.25%	103.13%	+9.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	85.40%	118.41%	-33.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	85.26%	118.41%	-33.15%

Dividends

CANG vs. IREN - Dividend Comparison

Neither CANG nor IREN 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%
IREN IREN Limited	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials

Frequently Asked Questions

Can I hold both CANG and IREN in my portfolio?

CANG and IREN have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CANG or IREN?

CANG has higher volatility (61.58%) compared to IREN (30.39%). In terms of maximum drawdown, CANG dropped -95.25% vs IREN's -96.21%.

Which has better risk-adjusted returns?

IREN currently has the higher Sharpe Ratio (4.34 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.