BTCM vs. DOGE-USD
Compare and contrast key facts about BIT Mining Limited (BTCM) and Dogecoin (DOGE-USD).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BTCM or DOGE-USD.
Correlation
The correlation between BTCM and DOGE-USD is 0.26, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
BTCM vs. DOGE-USD - Performance Comparison
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Key characteristics
BTCM:
-0.20
DOGE-USD:
0.48
BTCM:
0.16
DOGE-USD:
2.81
BTCM:
1.02
DOGE-USD:
1.29
BTCM:
-0.23
DOGE-USD:
1.88
BTCM:
-0.65
DOGE-USD:
6.41
BTCM:
35.47%
DOGE-USD:
39.57%
BTCM:
84.30%
DOGE-USD:
82.44%
BTCM:
-99.75%
DOGE-USD:
-95.27%
BTCM:
-99.61%
DOGE-USD:
-67.68%
Returns By Period
In the year-to-date period, BTCM achieves a -20.63% return, which is significantly higher than DOGE-USD's -29.90% return. Over the past 10 years, BTCM has underperformed DOGE-USD with an annualized return of -38.01%, while DOGE-USD has yielded a comparatively higher 109.91% annualized return.
BTCM
-20.63%
56.25%
-32.20%
-21.57%
-43.16%
-38.01%
DOGE-USD
-29.90%
42.09%
-39.16%
42.25%
144.41%
109.91%
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Risk-Adjusted Performance
BTCM vs. DOGE-USD — Risk-Adjusted Performance Rank
BTCM
DOGE-USD
BTCM vs. DOGE-USD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BIT Mining Limited (BTCM) 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.
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Drawdowns
BTCM vs. DOGE-USD - Drawdown Comparison
The maximum BTCM drawdown since its inception was -99.75%, roughly equal to the maximum DOGE-USD drawdown of -95.27%. Use the drawdown chart below to compare losses from any high point for BTCM and DOGE-USD. For additional features, visit the drawdowns tool.
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Volatility
BTCM vs. DOGE-USD - Volatility Comparison
BIT Mining Limited (BTCM) and Dogecoin (DOGE-USD) have volatilities of 30.43% and 29.66%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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