KEN vs. CAN

Last updated Jun 13, 2026

KEN (Kenon Holdings Ltd.) and CAN (Canaan Inc.) are both stocks. KEN operates in Utilities - Regulated Electric (Utilities), while CAN operates in Computer Hardware (Technology). Over the past 5 years, KEN returned 31.84%/yr vs -48.36%/yr for CAN. At a 0.18 correlation, their price movements are largely independent.

Performance

KEN vs. CAN - Performance Comparison

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

Returns By Period

In the year-to-date period, KEN achieves a 14.26% return, which is significantly higher than CAN's -53.59% return.

KEN

• 1D: 0.54%
• 1M: -17.72%
• YTD: 14.26%
• 6M: 23.62%
• 1Y: 118.60%
• 3Y*: 57.99%
• 5Y*: 31.84%
• 10Y*: 41.88%

CAN

• 1D: -3.12%
• 1M: -36.01%
• YTD: -53.59%
• 6M: -61.90%
• 1Y: -51.92%
• 3Y*: -47.48%
• 5Y*: -48.36%
• 10Y*: —

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

KEN vs. CAN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
KEN Kenon Holdings Ltd.	14.26%	126.18%	62.44%	-19.16%	-23.73%	93.65%	57.17%	-4.77%
CAN Canaan Inc.	-53.59%	-66.34%	-11.26%	12.14%	-60.00%	-13.15%	-2.79%	-32.22%

Correlation

The correlation between KEN and CAN is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.21
Correlation (3Y) Calculated over the trailing 3-year period	0.15
Correlation (5Y) Calculated over the trailing 5-year period	0.20
Correlation (All Time) Calculated using the full available price history since Nov 20, 2019	0.18

Fundamentals

Market Cap KEN : $3.84B CAN : $221.39M
EPS KEN : $1.54 CAN : -$0.38
PS Ratio KEN : 3.80 CAN : 0.35
PB Ratio KEN : 2.56 CAN : 0.58
Total Revenue (TTM) KEN : $1.01B CAN : $510.04M
Gross Profit (TTM) KEN : $166.82M CAN : $17.56M
EBITDA (TTM) KEN : $339.95M CAN : -$144.51M

Return for Risk

KEN vs. CAN — Risk / Return Rank

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

KEN

KEN Risk / Return Rank: 93
KEN Sharpe Ratio Rank: 95
KEN Sortino Ratio Rank: 92
KEN Omega Ratio Rank: 91
KEN Calmar Ratio Rank: 91
KEN Martin Ratio Rank: 95

CAN

CAN Risk / Return Rank: 24
CAN Sharpe Ratio Rank: 22
CAN Sortino Ratio Rank: 28
CAN Omega Ratio Rank: 29
CAN Calmar Ratio Rank: 19
CAN Martin Ratio Rank: 23

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.

KEN vs. CAN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Kenon Holdings Ltd. (KEN) 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.

	KEN	CAN	Difference
Sharpe ratio: Return per unit of total volatility	2.96	-0.46	+3.41
Sortino ratio: Return per unit of downside risk	3.34	-0.17	+3.51
Omega ratio: Gain probability vs. loss probability	1.44	0.98	+0.45
Calmar ratio: Return relative to maximum drawdown	4.42	-0.65	+5.06
Martin ratio: Return relative to average drawdown	17.27	-0.98	+18.25

KEN vs. CAN - Sharpe Ratio Comparison

The current KEN Sharpe Ratio is 2.96, which is higher than the CAN Sharpe Ratio of -0.46. The chart below compares the historical Sharpe Ratios of KEN 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

KEN vs. CAN - Drawdown Comparison

The maximum KEN drawdown since its inception was -69.20%, smaller than the maximum CAN drawdown of -99.12%. Use the drawdown chart below to compare losses from any high point for KEN and CAN.

Drawdown Indicators

	KEN	CAN	Difference
Max Drawdown Largest peak-to-trough decline	-69.20%	-99.12%	+29.92%
Max Drawdown (1Y) Largest decline over 1 year	-26.41%	-84.38%	+57.97%
Max Drawdown (3Y) Largest decline over 3 years	-32.27%	-89.96%	+57.69%
Max Drawdown (5Y) Largest decline over 5 years	-69.20%	-97.01%	+27.81%
Max Drawdown (10Y) Largest decline over 10 years	-69.20%	—	—
Current Drawdown Current decline from peak	-24.16%	-99.12%	+74.96%
Average Drawdown Average peak-to-trough decline	-23.19%	-83.76%	+60.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.74%	55.75%	-49.01%

Volatility

KEN vs. CAN - Volatility Comparison

The current volatility for Kenon Holdings Ltd. (KEN) is 14.84%, while Canaan Inc. (CAN) has a volatility of 21.58%. This indicates that KEN 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

	KEN	CAN	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.84%	21.58%	-6.74%
Volatility (6M) Calculated over the trailing 6-month period	30.71%	60.29%	-29.58%
Volatility (1Y) Calculated over the trailing 1-year period	39.55%	119.49%	-79.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	39.79%	111.42%	-71.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	41.93%	126.32%	-84.39%

Dividends

KEN vs. CAN - Dividend Comparison

KEN's dividend yield for the trailing twelve months is around 5.31%, while CAN has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CAN Canaan Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
KEN Kenon Holdings Ltd.	5.31%	7.24%	11.18%	11.46%	25.00%	7.35%	7.41%	5.75%	96.34%	0.00%	0.00%	45.52%

Financials

Frequently Asked Questions

Can I hold both KEN and CAN in my portfolio?

KEN and CAN have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, KEN or CAN?

CAN has higher volatility (21.58%) compared to KEN (14.84%). In terms of maximum drawdown, KEN dropped -69.20% vs CAN's -99.12%.

Which has better risk-adjusted returns?

KEN currently has the higher Sharpe Ratio (2.96 vs -0.46), 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.