DOGE-USD vs. LTC-USD
DOGE-USD (Dogecoin) and LTC-USD (Litecoin) are both cryptocurrencies. Over the past 5 years, DOGE-USD returned -24.81%/yr vs -23.53%/yr for LTC-USD. A 0.64 correlation means they provide meaningful diversification when combined.
Performance
DOGE-USD vs. LTC-USD - Performance Comparison
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Returns By Period
In the year-to-date period, DOGE-USD achieves a -22.77% return, which is significantly higher than LTC-USD's -39.14% return.
DOGE-USD
- 1D
- -2.19%
- 1M
- -17.74%
- YTD
- -22.77%
- 6M
- -40.29%
- 1Y
- -53.14%
- 3Y*
- 7.70%
- 5Y*
- -24.81%
- 10Y*
- —
LTC-USD
- 1D
- -0.44%
- 1M
- -15.03%
- YTD
- -39.14%
- 6M
- -45.59%
- 1Y
- -47.85%
- 3Y*
- -20.86%
- 5Y*
- -23.53%
- 10Y*
- 25.51%
DOGE-USD vs. LTC-USD - Yearly Performance Comparison
Correlation
The correlation between DOGE-USD and LTC-USD is 0.78, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.78 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.66 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.68 |
Correlation (All Time) Calculated using the full available price history since Jun 1, 2017 | 0.64 |
The correlation between DOGE-USD and LTC-USD shifts across timeframes, from 0.64 (all time) to 0.78 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
DOGE-USD vs. LTC-USD — Risk / Return Rank
DOGE-USD
LTC-USD
DOGE-USD vs. LTC-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Dogecoin (DOGE-USD) and Litecoin (LTC-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.
| DOGE-USD | LTC-USD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.67 | -0.75 | +0.08 |
Sortino ratioReturn per unit of downside risk | -0.79 | -0.95 | +0.16 |
Omega ratioGain probability vs. loss probability | 0.92 | 0.90 | +0.03 |
Calmar ratioReturn relative to maximum drawdown | -0.76 | -0.74 | -0.02 |
Martin ratioReturn relative to average drawdown | -1.11 | -1.20 | +0.09 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| DOGE-USD | LTC-USD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.67 | -0.75 | +0.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.26 | -0.30 | +0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.25 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.12 | 0.19 | -0.07 |
Drawdowns
DOGE-USD vs. LTC-USD - Drawdown Comparison
The maximum DOGE-USD drawdown since its inception was -92.29%, smaller than the maximum LTC-USD drawdown of -97.59%. Use the drawdown chart below to compare losses from any high point for DOGE-USD and LTC-USD.
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Drawdown Indicators
| DOGE-USD | LTC-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -92.29% | -97.59% | +5.30% |
Max Drawdown (1Y)Largest decline over 1 year | -69.49% | -64.33% | -5.16% |
Max Drawdown (3Y)Largest decline over 3 years | -81.08% | -65.94% | -15.14% |
Max Drawdown (5Y)Largest decline over 5 years | -85.79% | -84.45% | -1.34% |
Max Drawdown (10Y)Largest decline over 10 years | — | -93.64% | — |
Current DrawdownCurrent decline from peak | -86.78% | -87.97% | +1.19% |
Average DrawdownAverage peak-to-trough decline | -75.11% | -75.63% | +0.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 53.01% | 45.62% | +7.39% |
Volatility
DOGE-USD vs. LTC-USD - Volatility Comparison
Dogecoin (DOGE-USD) has a higher volatility of 13.82% compared to Litecoin (LTC-USD) at 12.34%. This indicates that DOGE-USD's price experiences larger fluctuations and is considered to be riskier than LTC-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 | LTC-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.82% | 12.34% | +1.48% |
Volatility (6M)Calculated over the trailing 6-month period | 48.40% | 35.87% | +12.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 66.01% | 53.08% | +12.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 79.03% | 64.70% | +14.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 761.60% | 85.62% | +675.98% |
Frequently Asked Questions
DOGE-USD and LTC-USD have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DOGE-USD has higher volatility (13.82%) compared to LTC-USD (12.34%). In terms of maximum drawdown, DOGE-USD dropped -92.29% vs LTC-USD's -97.59%.
DOGE-USD currently has the higher Sharpe Ratio (-0.67 vs -0.75), 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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