ADA-USD vs. DOGE-USD
ADA-USD (Cardano) and DOGE-USD (Dogecoin) are both cryptocurrencies. Over the past 5 years, ADA-USD returned -35.76%/yr vs -23.30%/yr for DOGE-USD. A 0.67 correlation means they provide meaningful diversification when combined.
Performance
ADA-USD vs. DOGE-USD - Performance Comparison
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Returns By Period
In the year-to-date period, ADA-USD achieves a -48.83% return, which is significantly lower than DOGE-USD's -26.59% return.
ADA-USD
- 1D
- -0.08%
- 1M
- -35.62%
- YTD
- -48.83%
- 6M
- -58.36%
- 1Y
- -74.25%
- 3Y*
- -14.77%
- 5Y*
- -35.76%
- 10Y*
- —
DOGE-USD
- 1D
- 0.11%
- 1M
- -23.55%
- YTD
- -26.59%
- 6M
- -37.14%
- 1Y
- -52.50%
- 3Y*
- 11.71%
- 5Y*
- -23.30%
- 10Y*
- —
ADA-USD vs. DOGE-USD - Yearly Performance Comparison
Correlation
The correlation between ADA-USD and DOGE-USD is 0.89, 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 | 0.89 |
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 (0.89) than their long-term average of 0.67, meaning their price movements have been converging.
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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 | -0.30 | ||
| Sortino ratioReturn per unit of downside risk | -1.10 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 0.93 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | -0.89 | -0.73 | -0.16 |
| Martin ratioReturn relative to average drawdown | -1.38 | -1.07 | -0.31 |
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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.
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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 | -83.69% | -71.87% | -11.82% |
Max Drawdown (3Y)Largest decline over 3 years | -87.24% | -82.55% | -4.69% |
Max Drawdown (5Y)Largest decline over 5 years | -94.72% | -84.48% | -10.24% |
Current DrawdownCurrent decline from peak | -94.26% | -87.43% | -6.83% |
Average DrawdownAverage peak-to-trough decline | -77.55% | -75.12% | -2.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 60.91% | 54.55% | +6.36% |
Volatility
ADA-USD vs. DOGE-USD - Volatility Comparison
Cardano (ADA-USD) has a higher volatility of 22.36% compared to Dogecoin (DOGE-USD) at 15.70%. 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.
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Volatility by Period
| ADA-USD | DOGE-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 22.36% | 15.70% | +6.66% |
Volatility (6M)Calculated over the trailing 6-month period | 52.66% | 48.90% | +3.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 64.18% | 65.76% | -1.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 74.93% | 78.94% | -4.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 103.21% | 760.45% | -657.24% |
Frequently Asked Questions
ADA-USD and DOGE-USD have a correlation of 0.89, 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 (22.36%) compared to DOGE-USD (15.70%). In terms of maximum drawdown, ADA-USD dropped -97.85% vs DOGE-USD's -92.29%.
DOGE-USD currently has the higher Sharpe Ratio (-0.67 vs -0.96), 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.
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