CANG vs. WULF

Last updated Jun 9, 2026

CANG (Cango Inc.) and WULF (TeraWulf Inc.) are both stocks. CANG operates in Internet Content & Information (Communication Services), while WULF operates in Capital Markets (Financial Services). Over the past 5 years, CANG returned -17.24%/yr vs 22.83%/yr for WULF. At a 0.13 correlation, their price movements are largely independent.

Performance

CANG vs. WULF - Performance Comparison

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

Returns By Period

In the year-to-date period, CANG achieves a -78.00% return, which is significantly lower than WULF's 125.07% return.

CANG

• 1D: 0.30%
• 1M: -52.24%
• YTD: -78.00%
• 6M: -72.27%
• 1Y: -87.31%
• 3Y*: -18.07%
• 5Y*: -17.24%
• 10Y*: —

WULF

• 1D: 7.75%
• 1M: 10.56%
• YTD: 125.07%
• 6M: 72.86%
• 1Y: 494.48%
• 3Y*: 168.90%
• 5Y*: 22.83%
• 10Y*: 10.67%

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

CANG vs. WULF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
CANG Cango Inc.	-78.00%	-31.82%	331.37%	-22.02%	35.99%	-50.19%	-19.72%	19.71%	-36.58%
WULF TeraWulf Inc.	125.07%	103.00%	135.83%	260.58%	-95.58%	77.08%	86.34%	-36.55%	-17.74%

Correlation

The correlation between CANG and WULF 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	0.24
Correlation (5Y) Calculated over the trailing 5-year period	0.19
Correlation (All Time) Calculated using the full available price history since Jul 27, 2018	0.13

Over the past year, CANG and WULF have become more correlated (0.34) than their long-term average of 0.13, meaning their price movements have been converging.

Fundamentals

Market Cap CANG : $118.34M WULF : $10.94B
EPS CANG : -$10.61 WULF : -$2.55
PS Ratio CANG : 0.05 WULF : 61.90
Total Revenue (TTM) CANG : $2.32B WULF : $168.06M
Gross Profit (TTM) CANG : -$783.34M WULF : $107.59M
EBITDA (TTM) CANG : -$1.82B WULF : -$132.10M

Return for Risk

CANG vs. WULF — Risk / Return Rank

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

CANG

CANG Risk / Return Rank: 4
CANG Sharpe Ratio Rank: 8
CANG Sortino Ratio Rank: 2
CANG Omega Ratio Rank: 3
CANG Calmar Ratio Rank: 1
CANG Martin Ratio Rank: 3

WULF

WULF Risk / Return Rank: 97
WULF Sharpe Ratio Rank: 99
WULF Sortino Ratio Rank: 96
WULF Omega Ratio Rank: 94
WULF Calmar Ratio Rank: 99
WULF Martin Ratio Rank: 99

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. WULF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Cango Inc. (CANG) and TeraWulf Inc. (WULF). 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	WULF	Difference
Sharpe ratio: Return per unit of total volatility	-0.86	4.72	-5.58
Sortino ratio: Return per unit of downside risk	-2.13	4.27	-6.40
Omega ratio: Gain probability vs. loss probability	0.76	1.51	-0.75
Calmar ratio: Return relative to maximum drawdown	-0.99	15.71	-16.71
Martin ratio: Return relative to average drawdown	-1.64	41.48	-43.12
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CANG vs. WULF - Sharpe Ratio Comparison

The current CANG Sharpe Ratio is -0.86, which is lower than the WULF Sharpe Ratio of 4.72. The chart below compares the historical Sharpe Ratios of CANG and WULF, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	CANG	WULF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.86	4.72	-5.58
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.21	0.18	-0.39
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.11	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.22	0.11	-0.33

Drawdowns

CANG vs. WULF - Drawdown Comparison

The maximum CANG drawdown since its inception was -91.77%, smaller than the maximum WULF drawdown of -98.50%. Use the drawdown chart below to compare losses from any high point for CANG and WULF.

Drawdown Indicators

	CANG	WULF	Difference
Max Drawdown Largest peak-to-trough decline	-91.77%	-98.50%	+6.73%
Max Drawdown (1Y) Largest decline over 1 year	-88.04%	-31.74%	-56.30%
Max Drawdown (3Y) Largest decline over 3 years	-91.77%	-75.77%	-16.00%
Max Drawdown (5Y) Largest decline over 5 years	-91.78%	-98.50%	+6.72%
Max Drawdown (10Y) Largest decline over 10 years	—	-98.50%	—
Current Drawdown Current decline from peak	-91.75%	-28.31%	-63.44%
Average Drawdown Average peak-to-trough decline	-59.79%	-46.67%	-13.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	53.31%	12.00%	+41.31%

Volatility

CANG vs. WULF - Volatility Comparison

Cango Inc. (CANG) has a higher volatility of 39.70% compared to TeraWulf Inc. (WULF) at 21.75%. This indicates that CANG's price experiences larger fluctuations and is considered to be riskier than WULF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CANG	WULF	Difference
Volatility (1M) Calculated over the trailing 1-month period	39.70%	21.75%	+17.95%
Volatility (6M) Calculated over the trailing 6-month period	90.51%	64.60%	+25.91%
Volatility (1Y) Calculated over the trailing 1-year period	102.07%	105.83%	-3.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	82.80%	127.48%	-44.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	83.81%	101.40%	-17.59%

Dividends

CANG vs. WULF - Dividend Comparison

Neither CANG nor WULF 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%
WULF TeraWulf Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	33.22%	0.00%	0.00%

Financials

Frequently Asked Questions

Can I hold both CANG and WULF in my portfolio?

CANG and WULF 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.

Which is riskier, CANG or WULF?

CANG has higher volatility (39.70%) compared to WULF (21.75%). In terms of maximum drawdown, CANG dropped -91.77% vs WULF's -98.50%.

Which has better risk-adjusted returns?

WULF currently has the higher Sharpe Ratio (4.72 vs -0.86), 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.