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.
Key characteristics
| DOGE-USD | SHIB-USD | |
|---|---|---|
| YTD Return | 63.34% | 136.61% |
| 1Y Return | 86.29% | 147.24% |
| Sharpe Ratio | 2.64 | 3.25 |
| Daily Std Dev | 67.50% | 89.00% |
| Max Drawdown | -95.27% | -92.10% |
| Current Drawdown | -78.94% | -70.52% |
Correlation
The correlation between DOGE-USD and SHIB-USD is 0.76, 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.
Performance
DOGE-USD vs. SHIB-USD - Performance Comparison
In the year-to-date period, DOGE-USD achieves a 63.34% return, which is significantly lower than SHIB-USD's 136.61% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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.
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.
Volatility
DOGE-USD vs. SHIB-USD - Volatility Comparison
The current volatility for Dogecoin (DOGE-USD) is 28.17%, while Shiba Inu (SHIB-USD) has a volatility of 29.79%. 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.