KARO vs. CAN

Last updated Jun 4, 2026

KARO (Karooooo Ltd.) and CAN (Canaan Inc.) are both stocks. Both are in the Technology sector — KARO in Software - Application, CAN in Computer Hardware. Over the past 5 years, KARO returned 6.83%/yr vs -49.08%/yr for CAN. At a 0.14 correlation, their price movements are largely independent.

Performance

KARO vs. CAN - Performance Comparison

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

Returns By Period

In the year-to-date period, KARO achieves a 3.54% return, which is significantly higher than CAN's -45.57% return.

KARO

• 1D: -5.06%
• 1M: -6.73%
• YTD: 3.54%
• 6M: 2.91%
• 1Y: -23.34%
• 3Y*: 30.60%
• 5Y*: 6.83%
• 10Y*: —

CAN

• 1D: -4.77%
• 1M: -30.44%
• YTD: -45.57%
• 6M: -60.55%
• 1Y: -38.47%
• 3Y*: -43.11%
• 5Y*: -49.08%
• 10Y*: —

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

KARO vs. CAN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
KARO Karooooo Ltd.	3.54%	3.48%	91.47%	8.00%	-41.49%	19.98%
CAN Canaan Inc.	-45.57%	-66.34%	-11.26%	12.14%	-60.00%	-76.59%

Correlation

The correlation between KARO and CAN is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.19
Correlation (3Y) Calculated over the trailing 3-year period	0.17
Correlation (5Y) Calculated over the trailing 5-year period	0.14
Correlation (All Time) Calculated using the full available price history since Apr 5, 2021	0.14

Fundamentals

Market Cap KARO : $1.46B CAN : $259.70M
EPS KARO : $31.92 CAN : -$0.38
PS Ratio KARO : 0.27 CAN : 0.41
PB Ratio KARO : 0.44 CAN : 0.68
Total Revenue (TTM) KARO : $5.43B CAN : $510.04M
Gross Profit (TTM) KARO : $3.70B CAN : $17.56M
EBITDA (TTM) KARO : $2.27B CAN : -$144.51M

Return for Risk

KARO vs. CAN — Risk / Return Rank

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

KARO

KARO Risk / Return Rank: 17
KARO Sharpe Ratio Rank: 19
KARO Sortino Ratio Rank: 21
KARO Omega Ratio Rank: 19
KARO Calmar Ratio Rank: 13
KARO Martin Ratio Rank: 15

CAN

CAN Risk / Return Rank: 30
CAN Sharpe Ratio Rank: 27
CAN Sortino Ratio Rank: 36
CAN Omega Ratio Rank: 35
CAN Calmar Ratio Rank: 24
CAN Martin Ratio Rank: 27

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.

KARO vs. CAN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Karooooo Ltd. (KARO) 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.

	KARO	CAN	Difference
Sharpe ratio Return per unit of total volatility	-0.51	-0.32	-0.19
Sortino ratio Return per unit of downside risk	-0.44	0.28	-0.72
Omega ratio Gain probability vs. loss probability	0.94	1.03	-0.09
Calmar ratio Return relative to maximum drawdown	-0.75	-0.47	-0.28
Martin ratio Return relative to average drawdown	-1.17	-0.71	-0.46
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

KARO vs. CAN - Sharpe Ratio Comparison

The current KARO Sharpe Ratio is -0.51, which is lower than the CAN Sharpe Ratio of -0.32. The chart below compares the historical Sharpe Ratios of KARO 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.

Sharpe Ratios by Period

	KARO	CAN	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.51	-0.32	-0.19
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.13	-0.44	+0.57
Sharpe Ratio (All Time) Calculated using the full available price history	0.16	-0.31	+0.47

Drawdowns

KARO vs. CAN - Drawdown Comparison

The maximum KARO drawdown since its inception was -52.12%, smaller than the maximum CAN drawdown of -98.97%. Use the drawdown chart below to compare losses from any high point for KARO and CAN.

Drawdown Indicators

	KARO	CAN	Difference
Max Drawdown Largest peak-to-trough decline	-52.12%	-98.97%	+46.85%
Max Drawdown (1Y) Largest decline over 1 year	-31.13%	-81.68%	+50.55%
Max Drawdown (3Y) Largest decline over 3 years	-32.31%	-88.23%	+55.92%
Max Drawdown (5Y) Largest decline over 5 years	-51.66%	-96.58%	+44.92%
Current Drawdown Current decline from peak	-23.34%	-98.97%	+75.63%
Average Drawdown Average peak-to-trough decline	-25.04%	-83.75%	+58.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	21.95%	54.03%	-32.08%

Volatility

KARO vs. CAN - Volatility Comparison

The current volatility for Karooooo Ltd. (KARO) is 12.36%, while Canaan Inc. (CAN) has a volatility of 20.54%. This indicates that KARO 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

	KARO	CAN	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.36%	20.54%	-8.18%
Volatility (6M) Calculated over the trailing 6-month period	26.82%	59.58%	-32.76%
Volatility (1Y) Calculated over the trailing 1-year period	47.82%	120.05%	-72.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	54.02%	111.51%	-57.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	54.76%	126.54%	-71.78%

Dividends

KARO vs. CAN - Dividend Comparison

KARO's dividend yield for the trailing twelve months is around 2.65%, while CAN has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022
CAN Canaan Inc.	0.00%	0.00%	0.00%	0.00%	0.00%
KARO Karooooo Ltd.	2.65%	2.75%	2.39%	3.50%	2.58%

Financials

Frequently Asked Questions

Can I hold both KARO and CAN in my portfolio?

KARO and CAN have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, KARO or CAN?

CAN has higher volatility (20.54%) compared to KARO (12.36%). In terms of maximum drawdown, KARO dropped -52.12% vs CAN's -98.97%.

Which has better risk-adjusted returns?

CAN currently has the higher Sharpe Ratio (-0.32 vs -0.51), 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.