ADA-USD vs. DOGE-USD
ADA-USD (Cardano) and DOGE-USD (Dogecoin) are both cryptocurrencies. Over the past 5 years, ADA-USD returned -31.96%/yr vs -17.63%/yr for DOGE-USD. A 0.67 correlation means they provide meaningful diversification when combined.
Performance
ADA-USD vs. DOGE-USD - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, ADA-USD achieves a -48.72% return, which is significantly lower than DOGE-USD's -38.39% return.
ADA-USD
- 1D
- 2.71%
- 1M
- 4.72%
- 6M
- -53.88%
- YTD
- -48.72%
- 1Y
- -80.11%
- 3Y*
- -18.32%
- 5Y*
- -31.96%
- 10Y*
- —
- ALL TIME*
- 24.64%
DOGE-USD
- 1D
- -0.23%
- 1M
- -13.60%
- 6M
- -44.04%
- YTD
- -38.39%
- 1Y
- -73.62%
- 3Y*
- -0.46%
- 5Y*
- -17.63%
- 10Y*
- —
- ALL TIME*
- 105.54%
ADA-USD vs. DOGE-USD - Yearly Performance Comparison
Correlation
The correlation between ADA-USD and DOGE-USD is 0.88, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.88 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.77 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.75 |
Correlation (All Time) Calculated using the full available price history since Nov 9, 2017 | 0.67 |
Over the past year, ADA-USD and DOGE-USD have become more correlated (0.88) than their long-term average of 0.67, meaning their price movements have been converging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
ADA-USD vs. DOGE-USD — Risk / Return Rank
ADA-USD
DOGE-USD
ADA-USD vs. DOGE-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Cardano (ADA-USD) and Dogecoin (DOGE-USD). 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.
| ADA-USD | DOGE-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.06 | ||
| Sortino ratioReturn per unit of downside risk | -0.42 | ||
| Omega ratioGain probability vs. loss probability | 0.79 | 0.82 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | -0.94 | -0.98 | +0.04 |
| Martin ratioReturn relative to average drawdown | -1.34 | -1.36 | +0.02 |
Loading charts...
Drawdowns
ADA-USD vs. DOGE-USD - Drawdown Comparison
The maximum ADA-USD drawdown since its inception was -97.85%, which is greater than DOGE-USD's maximum drawdown of -92.29%. Use the drawdown chart below to compare losses from any high point for ADA-USD and DOGE-USD.
Loading charts...
Drawdown Indicators
| ADA-USD | DOGE-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.85% | -92.29% | -5.56% |
Max Drawdown (1Y)Largest decline over 1 year | -85.07% | -75.16% | -9.91% |
Max Drawdown (3Y)Largest decline over 3 years | -88.33% | -84.60% | -3.73% |
Max Drawdown (5Y)Largest decline over 5 years | -95.16% | -84.60% | -10.56% |
Current DrawdownCurrent decline from peak | -94.25% | -89.45% | -4.80% |
Average DrawdownAverage peak-to-trough decline | -77.75% | -75.28% | -2.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 51.03% | 39.95% | +11.08% |
Volatility
ADA-USD vs. DOGE-USD - Volatility Comparison
Cardano (ADA-USD) has a higher volatility of 20.98% compared to Dogecoin (DOGE-USD) at 10.75%. This indicates that ADA-USD's price experiences larger fluctuations and is considered to be riskier than DOGE-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| ADA-USD | DOGE-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 20.98% | 10.75% | +10.23% |
Volatility (6M)Calculated over the trailing 6-month period | 52.04% | 44.61% | +7.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 64.17% | 63.38% | +0.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 74.60% | 76.65% | -2.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 102.79% | 756.12% | -653.33% |
Frequently Asked Questions
ADA-USD and DOGE-USD have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ADA-USD has higher volatility (20.98%) compared to DOGE-USD (10.75%). In terms of maximum drawdown, ADA-USD dropped -97.85% vs DOGE-USD's -92.29%.
DOGE-USD currently has the higher Sharpe Ratio (-0.98 vs -1.04), 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.
Find the right allocation for ADA-USD and DOGE-USD
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer