WULF vs. CANG

Last updated Jun 9, 2026

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

Performance

WULF vs. CANG - Performance Comparison

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

Returns By Period

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

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%

CANG

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

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

WULF vs. CANG - Yearly Performance Comparison

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

Correlation

The correlation between WULF and CANG 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, WULF and CANG have become more correlated (0.34) than their long-term average of 0.13, meaning their price movements have been converging.

Fundamentals

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

Return for Risk

WULF vs. CANG — Risk / Return Rank

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

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

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

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.

WULF vs. CANG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TeraWulf Inc. (WULF) 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.

	WULF	CANG	Difference
Sharpe ratio: Return per unit of total volatility	4.72	-0.86	+5.58
Sortino ratio: Return per unit of downside risk	4.27	-2.13	+6.40
Omega ratio: Gain probability vs. loss probability	1.51	0.76	+0.75
Calmar ratio: Return relative to maximum drawdown	15.71	-0.99	+16.71
Martin ratio: Return relative to average drawdown	41.48	-1.64	+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.

WULF vs. CANG - Sharpe Ratio Comparison

The current WULF Sharpe Ratio is 4.72, which is higher than the CANG Sharpe Ratio of -0.86. The chart below compares the historical Sharpe Ratios of WULF 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.

Sharpe Ratios by Period

	WULF	CANG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	4.72	-0.86	+5.58
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.18	-0.21	+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	0.11	-0.22	+0.33

Drawdowns

WULF vs. CANG - Drawdown Comparison

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

Drawdown Indicators

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

Volatility

WULF vs. CANG - Volatility Comparison

The current volatility for TeraWulf Inc. (WULF) is 21.75%, while Cango Inc. (CANG) has a volatility of 39.70%. This indicates that WULF 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

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

Dividends

WULF vs. CANG - Dividend Comparison

Neither WULF 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%
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 WULF and CANG in my portfolio?

WULF and CANG 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, WULF or CANG?

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

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.