DOGE-USD vs. SHIB-USD
Compare and contrast key facts about Dogecoin (DOGE-USD) and Shiba Inu (SHIB-USD).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DOGE-USD or SHIB-USD.
Correlation
The correlation between DOGE-USD and SHIB-USD is 0.30, 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
DOGE-USD vs. SHIB-USD - Performance Comparison
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Key characteristics
DOGE-USD:
0.60
SHIB-USD:
-0.34
DOGE-USD:
2.80
SHIB-USD:
1.11
DOGE-USD:
1.29
SHIB-USD:
1.11
DOGE-USD:
1.83
SHIB-USD:
0.08
DOGE-USD:
6.36
SHIB-USD:
0.59
DOGE-USD:
39.30%
SHIB-USD:
40.81%
DOGE-USD:
82.49%
SHIB-USD:
76.83%
DOGE-USD:
-95.27%
SHIB-USD:
-91.81%
DOGE-USD:
-66.00%
SHIB-USD:
-80.33%
Returns By Period
The year-to-date returns for both investments are quite close, with DOGE-USD having a -26.25% return and SHIB-USD slightly higher at -25.58%.
DOGE-USD
-26.25%
51.62%
-35.63%
49.69%
147.51%
113.96%
SHIB-USD
-25.58%
34.74%
-32.65%
-37.70%
N/A
N/A
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Risk-Adjusted Performance
DOGE-USD vs. SHIB-USD — Risk-Adjusted Performance Rank
DOGE-USD
SHIB-USD
DOGE-USD vs. SHIB-USD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Dogecoin (DOGE-USD) and Shiba Inu (SHIB-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
DOGE-USD vs. SHIB-USD - Drawdown Comparison
The maximum DOGE-USD drawdown since its inception was -95.27%, roughly equal to the maximum SHIB-USD drawdown of -91.81%. Use the drawdown chart below to compare losses from any high point for DOGE-USD and SHIB-USD. For additional features, visit the drawdowns tool.
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Volatility
DOGE-USD vs. SHIB-USD - Volatility Comparison
Dogecoin (DOGE-USD) has a higher volatility of 29.07% compared to Shiba Inu (SHIB-USD) at 23.80%. This indicates that DOGE-USD's price experiences larger fluctuations and is considered to be riskier than SHIB-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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