KEEL vs. CANG

Last updated Jul 21, 2026

KEEL (Keel Infrastructure Corporation) and CANG (Cango Inc.) are both stocks. KEEL operates in Capital Markets (Financial Services), while CANG operates in Internet Content & Information (Communication Services). Over the past 5 years, KEEL returned 5.25%/yr vs -24.50%/yr for CANG. At a 0.16 correlation, their price movements are largely independent.

Performance

KEEL vs. CANG - Performance Comparison

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

Returns By Period

In the year-to-date period, KEEL achieves a 84.68% return, which is significantly higher than CANG's -88.10% return.

KEEL

• 1D: 9.87%
• 1M: -31.00%
• 6M: 47.12%
• YTD: 84.68%
• 1Y: 317.31%
• 3Y*: 35.62%
• 5Y*: 5.25%
• 10Y*: —
• ALL TIME*: 14.60%

CANG

• 1D: 0.62%
• 1M: -6.05%
• 6M: -87.34%
• YTD: -88.10%
• 1Y: -93.29%
• 3Y*: -33.24%
• 5Y*: -24.50%
• 10Y*: —
• ALL TIME*: -23.91%

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

KEEL vs. CANG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
KEEL Keel Infrastructure Corporation	84.68%	57.72%	-48.80%	561.36%	-91.29%	165.79%	397.66%	-27.96%	-64.19%
CANG Cango Inc.	-88.10%	-31.82%	331.37%	-22.02%	35.99%	-50.19%	-19.72%	19.71%	-22.46%

Correlation

The correlation between KEEL and CANG is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.33
Correlation (3Y) Calculated over the trailing 3-year period	0.27
Correlation (5Y) Calculated over the trailing 5-year period	0.24
Correlation (All Time) Calculated using the full available price history since Aug 28, 2018	0.16

The correlation between KEEL and CANG shifts across timeframes, from 0.16 (all time) to 0.33 (1 year), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap KEEL : $2.62B CANG : $70.45M
EPS KEEL : -$0.51 CANG : -CN¥11.07
PS Ratio KEEL : 10.49 CANG : 0.19
PB Ratio KEEL : 4.27 CANG : 0.30
Total Revenue (TTM) KEEL : $229.28M CANG : CN¥2.32B
Gross Profit (TTM) KEEL : -$18.90M CANG : -CN¥783.34M
EBITDA (TTM) KEEL : -$149.60M CANG : -CN¥1.82B

Return for Risk

KEEL vs. CANG — Risk / Return Rank

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

KEEL

KEEL Risk / Return Rank: 92
KEEL Sharpe Ratio Rank: 97
KEEL Sortino Ratio Rank: 93
KEEL Omega Ratio Rank: 90
KEEL Calmar Ratio Rank: 93
KEEL Martin Ratio Rank: 86

CANG

CANG Risk / Return Rank: 4
CANG Sharpe Ratio Rank: 9
CANG Sortino Ratio Rank: 1
CANG Omega Ratio Rank: 2
CANG Calmar Ratio Rank: 1
CANG Martin Ratio Rank: 6

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.

KEEL vs. CANG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Keel Infrastructure Corporation (KEEL) and Cango Inc. (CANG). 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.

	KEEL	CANG	Difference
Sharpe ratio: Return per unit of total volatility	2.88	-0.84	+3.72
Sortino ratio: Return per unit of downside risk	3.15	-2.45	+5.60
Omega ratio: Gain probability vs. loss probability	1.37	0.71	+0.66
Calmar ratio: Return relative to maximum drawdown	4.34	-1.00	+5.34
Martin ratio: Return relative to average drawdown	7.13	-1.52	+8.65

KEEL vs. CANG - Sharpe Ratio Comparison

The current KEEL Sharpe Ratio is 2.88, which is higher than the CANG Sharpe Ratio of -0.84. The chart below compares the historical Sharpe Ratios of KEEL and CANG, 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

KEEL vs. CANG - Drawdown Comparison

The maximum KEEL drawdown since its inception was -95.72%, roughly equal to the maximum CANG drawdown of -95.56%. Use the drawdown chart below to compare losses from any high point for KEEL and CANG.

Drawdown Indicators

	KEEL	CANG	Difference
Max Drawdown Largest peak-to-trough decline	-95.72%	-95.56%	-0.16%
Max Drawdown (1Y) Largest decline over 1 year	-73.65%	-93.55%	+19.90%
Max Drawdown (3Y) Largest decline over 3 years	-81.04%	-95.56%	+14.52%
Max Drawdown (5Y) Largest decline over 5 years	-95.72%	-95.56%	-0.16%
Current Drawdown Current decline from peak	-51.07%	-95.54%	+44.47%
Average Drawdown Average peak-to-trough decline	-67.17%	-60.24%	-6.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	44.75%	61.32%	-16.57%

Volatility

KEEL vs. CANG - Volatility Comparison

The current volatility for Keel Infrastructure Corporation (KEEL) is 29.29%, while Cango Inc. (CANG) has a volatility of 57.45%. This indicates that KEEL experiences smaller price fluctuations and is considered to be less risky than CANG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	KEEL	CANG	Difference
Volatility (1M) Calculated over the trailing 1-month period	29.29%	57.45%	-28.16%
Volatility (6M) Calculated over the trailing 6-month period	71.73%	100.23%	-28.50%
Volatility (1Y) Calculated over the trailing 1-year period	111.13%	111.24%	-0.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	105.29%	85.52%	+19.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	289.41%	85.09%	+204.32%

Dividends

KEEL vs. CANG - Dividend Comparison

Neither KEEL nor CANG 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%
KEEL Keel Infrastructure Corporation	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials

Frequently Asked Questions

Can I hold both KEEL and CANG in my portfolio?

KEEL and CANG have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, KEEL or CANG?

CANG has higher volatility (57.45%) compared to KEEL (29.29%). In terms of maximum drawdown, KEEL dropped -95.72% vs CANG's -95.56%.

Which has better risk-adjusted returns?

KEEL currently has the higher Sharpe Ratio (2.88 vs -0.84), 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.