DVLT vs. CAN

Last updated Aug 1, 2026

DVLT (Datavault AI Inc) and CAN (Canaan Inc.) are both stocks. Both are in the Technology sector — DVLT in Software - Infrastructure, CAN in Computer Hardware. Over the past 5 years, DVLT returned -90.79%/yr vs -52.29%/yr for CAN. Their 0.18 correlation means their historical movements had little consistent relationship.

Performance

DVLT vs. CAN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Datavault AI Inc (DVLT) and Canaan Inc. (CAN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DVLT achieves a -46.08% return, which is significantly higher than CAN's -75.36% return.

DVLT

• 1D: -2.27%
• 1M: -11.43%
• 6M: -49.33%
• YTD: -46.08%
• 1Y: -31.00%
• 3Y*: -87.95%
• 5Y*: -90.79%
• 10Y*: —
• ALL TIME*: -85.13%

CAN

• 1D: -30.24%
• 1M: -40.04%
• 6M: -75.00%
• YTD: -75.36%
• 1Y: -74.21%
• 3Y*: -62.21%
• 5Y*: -52.29%
• 10Y*: —
• ALL TIME*: -44.73%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
CAN Canaan Inc.	$2.57M	$2.82M	$3.56M
DVLT Datavault AI Inc	$4.22M	$4.86M	$17.20M

DVLT vs. CAN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
DVLT Datavault AI Inc	-46.08%	-68.19%	-88.31%	-98.92%	-92.24%	-60.73%	-70.98%	-16.44%
CAN Canaan Inc.	-75.36%	-66.34%	-11.26%	12.14%	-60.00%	-13.15%	-2.79%	-32.22%

Correlation

The correlation between DVLT and CAN is 0.24, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.24
Correlation (3Y) Balances recent behavior with more history.	0.15
Correlation (5Y) Shows whether the relationship held over a longer period.	0.17
Correlation (All Time) Calculated using the full available price history since Nov 20, 2019	0.18

Fundamentals

Market Cap DVLT : $96.26M CAN : $79.84M
EPS DVLT : -$0.44 CAN : -$0.35
PS Ratio DVLT : 2.38 CAN : 0.20
PB Ratio DVLT : 0.89 CAN : 0.31
Total Revenue (TTM) DVLT : $39.38M CAN : $510.04M
Gross Profit (TTM) DVLT : $15.77M CAN : $17.56M
EBITDA (TTM) DVLT : -$70.96M CAN : -$144.51M

Return for Risk

DVLT vs. CAN — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

DVLT

DVLT Risk / Return Rank: 47
DVLT Sharpe Ratio Rank: 37
DVLT Sortino Ratio Rank: 69
DVLT Omega Ratio Rank: 62
DVLT Calmar Ratio Rank: 31
DVLT Martin Ratio Rank: 35

CAN

CAN Risk / Return Rank: 14
CAN Sharpe Ratio Rank: 16
CAN Sortino Ratio Rank: 13
CAN Omega Ratio Rank: 16
CAN Calmar Ratio Rank: 11
CAN Martin Ratio Rank: 16

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

DVLT vs. CAN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Datavault AI Inc (DVLT) and Canaan Inc. (CAN). 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.

	DVLT	CAN	Difference
Sharpe ratio: Return per unit of total volatility	-0.17	-0.63	+0.46
Sortino ratio: Return per unit of downside risk	1.40	-0.96	+2.37
Omega ratio: Gain probability vs. loss probability	1.14	0.90	+0.25
Calmar ratio: Return relative to maximum drawdown	-0.38	-0.82	+0.44
Martin ratio: Return relative to average drawdown	-0.51	-1.20	+0.69

DVLT vs. CAN - Sharpe Ratio Comparison

The current DVLT Sharpe Ratio is -0.17, which is higher than the CAN Sharpe Ratio of -0.63. The chart below compares the historical Sharpe Ratios of DVLT and CAN, 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

DVLT vs. CAN - Drawdown Comparison

The maximum DVLT drawdown since its inception was -100.00%, roughly equal to the maximum CAN drawdown of -99.53%. Use the drawdown chart below to compare losses from any high point for DVLT and CAN.

Drawdown Indicators

	DVLT	CAN	Difference
Max Drawdown Largest peak-to-trough decline	-100.00%	-99.53%	-0.47%
Max Drawdown (1Y) Largest decline over 1 year	-90.18%	-91.71%	+1.53%
Max Drawdown (3Y) Largest decline over 3 years	-99.85%	-94.67%	-5.18%
Max Drawdown (5Y) Largest decline over 5 years	-100.00%	-98.41%	-1.59%
Current Drawdown Current decline from peak	-100.00%	-99.53%	-0.47%
Average Drawdown Average peak-to-trough decline	-90.73%	-84.07%	-6.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	67.29%	62.97%	+4.32%

Volatility

DVLT vs. CAN - Volatility Comparison

The current volatility for Datavault AI Inc (DVLT) is 21.29%, while Canaan Inc. (CAN) has a volatility of 47.95%. This indicates that DVLT experiences smaller price fluctuations and is considered to be less risky than CAN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DVLT	CAN	Difference
Volatility (1M) Calculated over the trailing 1-month period	21.29%	47.95%	-26.66%
Volatility (6M) Calculated over the trailing 6-month period	79.00%	73.73%	+5.27%
Volatility (1Y) Calculated over the trailing 1-year period	204.96%	119.68%	+85.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	192.40%	111.90%	+80.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	165.33%	126.48%	+38.85%

Dividends

DVLT vs. CAN - Dividend Comparison

Neither DVLT nor CAN has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both DVLT and CAN in my portfolio?

DVLT and CAN have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DVLT or CAN?

CAN has higher volatility (47.95%) compared to DVLT (21.29%). In terms of maximum drawdown, DVLT dropped -100.00% vs CAN's -99.53%.

Which has better risk-adjusted returns?

DVLT currently has the higher Sharpe Ratio (-0.17 vs -0.63), 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.