DOGE-USD vs. ETH-USD
DOGE-USD (Dogecoin) and ETH-USD (Ethereum) are both cryptocurrencies. Over the past 5 years, DOGE-USD returned -23.30%/yr vs -7.86%/yr for ETH-USD. A 0.66 correlation means they provide meaningful diversification when combined.
Performance
DOGE-USD vs. ETH-USD - Performance Comparison
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Returns By Period
In the year-to-date period, DOGE-USD achieves a -26.59% return, which is significantly higher than ETH-USD's -43.80% return.
DOGE-USD
- 1D
- 0.11%
- 1M
- -23.55%
- YTD
- -26.59%
- 6M
- -37.14%
- 1Y
- -52.50%
- 3Y*
- 11.71%
- 5Y*
- -23.30%
- 10Y*
- —
ETH-USD
- 1D
- -0.28%
- 1M
- -26.16%
- YTD
- -43.80%
- 6M
- -45.95%
- 1Y
- -36.94%
- 3Y*
- -1.40%
- 5Y*
- -7.86%
- 10Y*
- 56.61%
DOGE-USD vs. ETH-USD - Yearly Performance Comparison
Correlation
The correlation between DOGE-USD and ETH-USD is 0.84, 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 | 0.84 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.75 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since May 31, 2017 | 0.66 |
The correlation between DOGE-USD and ETH-USD shifts across timeframes, from 0.66 (all time) to 0.84 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
DOGE-USD vs. ETH-USD — Risk / Return Rank
DOGE-USD
ETH-USD
DOGE-USD vs. ETH-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Dogecoin (DOGE-USD) and Ethereum (ETH-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.
| DOGE-USD | ETH-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.12 | ||
| Sortino ratioReturn per unit of downside risk | -0.29 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 0.95 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | -0.73 | -0.55 | -0.18 |
| Martin ratioReturn relative to average drawdown | -1.07 | -0.94 | -0.13 |
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Drawdowns
DOGE-USD vs. ETH-USD - Drawdown Comparison
The maximum DOGE-USD drawdown since its inception was -92.29%, roughly equal to the maximum ETH-USD drawdown of -94.01%. Use the drawdown chart below to compare losses from any high point for DOGE-USD and ETH-USD.
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Drawdown Indicators
| DOGE-USD | ETH-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -92.29% | -94.01% | +1.72% |
Max Drawdown (1Y)Largest decline over 1 year | -71.87% | -67.53% | -4.34% |
Max Drawdown (3Y)Largest decline over 3 years | -82.55% | -67.53% | -15.02% |
Max Drawdown (5Y)Largest decline over 5 years | -84.48% | -79.35% | -5.13% |
Max Drawdown (10Y)Largest decline over 10 years | — | -94.01% | — |
Current DrawdownCurrent decline from peak | -87.43% | -65.49% | -21.94% |
Average DrawdownAverage peak-to-trough decline | -75.12% | -50.89% | -24.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 54.55% | 45.31% | +9.24% |
Volatility
DOGE-USD vs. ETH-USD - Volatility Comparison
The current volatility for Dogecoin (DOGE-USD) is 15.70%, while Ethereum (ETH-USD) has a volatility of 17.22%. This indicates that DOGE-USD experiences smaller price fluctuations and is considered to be less risky than ETH-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DOGE-USD | ETH-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.70% | 17.22% | -1.52% |
Volatility (6M)Calculated over the trailing 6-month period | 48.90% | 46.29% | +2.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 65.76% | 56.20% | +9.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 78.94% | 59.59% | +19.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 760.45% | 77.89% | +682.56% |
Frequently Asked Questions
DOGE-USD and ETH-USD have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ETH-USD has higher volatility (17.22%) compared to DOGE-USD (15.70%). In terms of maximum drawdown, DOGE-USD dropped -92.29% vs ETH-USD's -94.01%.
ETH-USD currently has the higher Sharpe Ratio (-0.55 vs -0.67), 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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