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DOGE-USD vs. SHIB-USD
Performance
Risk-Adjusted Performance
Drawdowns
Volatility

Correlation

The correlation between DOGE-USD and SHIB-USD is 0.77, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.


-0.50.00.51.00.8

Performance

DOGE-USD vs. SHIB-USD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Dogecoin (DOGE-USD) and Shiba Inu (SHIB-USD). The values are adjusted to include any dividend payments, if applicable.

-50.00%0.00%50.00%100.00%150.00%200.00%250.00%300.00%JulyAugustSeptemberOctoberNovemberDecember
174.60%
37.23%
DOGE-USD
SHIB-USD

Key characteristics

Sharpe Ratio

DOGE-USD:

2.15

SHIB-USD:

0.06

Sortino Ratio

DOGE-USD:

2.83

SHIB-USD:

0.86

Omega Ratio

DOGE-USD:

1.27

SHIB-USD:

1.08

Calmar Ratio

DOGE-USD:

1.43

SHIB-USD:

0.01

Martin Ratio

DOGE-USD:

7.64

SHIB-USD:

0.16

Ulcer Index

DOGE-USD:

26.84%

SHIB-USD:

33.22%

Daily Std Dev

DOGE-USD:

85.31%

SHIB-USD:

99.74%

Max Drawdown

DOGE-USD:

-95.27%

SHIB-USD:

-92.10%

Current Drawdown

DOGE-USD:

-51.44%

SHIB-USD:

-71.70%

Returns By Period

In the year-to-date period, DOGE-USD achieves a 276.57% return, which is significantly higher than SHIB-USD's 127.15% return.


DOGE-USD

YTD

276.57%

1M

-21.62%

6M

167.08%

1Y

256.73%

5Y*

177.95%

10Y*

112.00%

SHIB-USD

YTD

127.15%

1M

-8.77%

6M

32.39%

1Y

113.27%

5Y*

N/A

10Y*

N/A

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Risk-Adjusted Performance

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.


Sharpe ratio
The chart of Sharpe ratio for DOGE-USD, currently valued at 2.15, compared to the broader market0.002.004.006.002.150.06
The chart of Sortino ratio for DOGE-USD, currently valued at 2.83, compared to the broader market0.002.004.002.830.86
The chart of Omega ratio for DOGE-USD, currently valued at 1.27, compared to the broader market1.001.201.401.601.271.08
The chart of Calmar ratio for DOGE-USD, currently valued at 1.47, compared to the broader market1.002.003.004.005.006.001.470.01
The chart of Martin ratio for DOGE-USD, currently valued at 7.64, compared to the broader market0.0010.0020.0030.0040.0050.0060.007.640.16
DOGE-USD
SHIB-USD

The current DOGE-USD Sharpe Ratio is 2.15, which is higher than the SHIB-USD Sharpe Ratio of 0.06. The chart below compares the historical Sharpe Ratios of DOGE-USD and SHIB-USD, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.001.002.003.004.00JulyAugustSeptemberOctoberNovemberDecember
2.15
0.06
DOGE-USD
SHIB-USD

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 -92.10%. 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.


-80.00%-70.00%-60.00%-50.00%-40.00%-30.00%-20.00%JulyAugustSeptemberOctoberNovemberDecember
-42.19%
-71.70%
DOGE-USD
SHIB-USD

Volatility

DOGE-USD vs. SHIB-USD - Volatility Comparison

The current volatility for Dogecoin (DOGE-USD) is 27.32%, while Shiba Inu (SHIB-USD) has a volatility of 34.28%. This indicates that DOGE-USD experiences smaller price fluctuations and is considered to be less risky than SHIB-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


15.00%20.00%25.00%30.00%35.00%40.00%JulyAugustSeptemberOctoberNovemberDecember
27.32%
34.28%
DOGE-USD
SHIB-USD
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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