DOGE-USD vs. SHIB-USD
DOGE-USD (Dogecoin) and SHIB-USD (Shiba Inu) are both cryptocurrencies. Over the past 5 years, DOGE-USD returned -19.47%/yr vs -4.32%/yr for SHIB-USD. Their 0.78 correlation means they have sometimes moved together and sometimes differently.
Performance
DOGE-USD vs. SHIB-USD - Performance Comparison
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Returns By Period
In the year-to-date period, DOGE-USD achieves a -39.96% return, which is significantly lower than SHIB-USD's -30.19% return.
DOGE-USD
- 1D
- 0.49%
- 1M
- -2.17%
- 6M
- -39.88%
- YTD
- -39.96%
- 1Y
- -68.00%
- 3Y*
- -3.30%
- 5Y*
- -19.47%
- 10Y*
- —
- ALL TIME*
- 104.53%
SHIB-USD
- 1D
- 3.89%
- 1M
- 14.52%
- 6M
- -34.47%
- YTD
- -30.19%
- 1Y
- -62.63%
- 3Y*
- -17.19%
- 5Y*
- -4.32%
- 10Y*
- —
- ALL TIME*
- 34.59%
Liquidity Comparison
DOGE-USD vs. SHIB-USD - Yearly Performance Comparison
Correlation
The correlation between DOGE-USD and SHIB-USD is 0.88, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.88 |
Correlation (3Y) Balances recent behavior with more history. | 0.85 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.81 |
Correlation (All Time) Calculated using the full available price history since Apr 16, 2021 | 0.78 |
The correlation between DOGE-USD and SHIB-USD shifts across timeframes, from 0.78 (all time) to 0.88 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
DOGE-USD vs. SHIB-USD — Risk / Return Rank
DOGE-USD
SHIB-USD
DOGE-USD vs. SHIB-USD - Risk-Adjusted Trends 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.
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 | SHIB-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.01 | ||
| Sortino ratioReturn per unit of downside risk | -0.03 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 0.85 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | -0.89 | -0.88 | -0.01 |
| Martin ratioReturn relative to average drawdown | -1.23 | -1.28 | +0.05 |
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Drawdowns
DOGE-USD vs. SHIB-USD - Drawdown Comparison
The maximum DOGE-USD drawdown since its inception was -92.29%, roughly equal to the maximum SHIB-USD drawdown of -94.93%. Use the drawdown chart below to compare losses from any high point for DOGE-USD and SHIB-USD.
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Drawdown Indicators
| DOGE-USD | SHIB-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -92.29% | -94.93% | +2.64% |
Max Drawdown (1Y)Largest decline over 1 year | -76.11% | -71.24% | -4.87% |
Max Drawdown (3Y)Largest decline over 3 years | -85.18% | -88.58% | +3.40% |
Max Drawdown (5Y)Largest decline over 5 years | -85.18% | -94.93% | +9.75% |
Current DrawdownCurrent decline from peak | -89.72% | -94.07% | +4.35% |
Average DrawdownAverage peak-to-trough decline | -75.32% | -80.49% | +5.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 35.82% | 35.53% | +0.29% |
Volatility
DOGE-USD vs. SHIB-USD - Volatility Comparison
The current volatility for Dogecoin (DOGE-USD) is 11.80%, while Shiba Inu (SHIB-USD) has a volatility of 22.60%. 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.
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Volatility by Period
| DOGE-USD | SHIB-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.80% | 22.60% | -10.80% |
Volatility (6M)Calculated over the trailing 6-month period | 44.22% | 45.09% | -0.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 61.74% | 56.13% | +5.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 76.57% | 93.23% | -16.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 754.99% | 206.44% | +548.55% |
Frequently Asked Questions
DOGE-USD and SHIB-USD have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SHIB-USD has higher volatility (22.60%) compared to DOGE-USD (11.80%). In terms of maximum drawdown, DOGE-USD dropped -92.29% vs SHIB-USD's -94.93%.
DOGE-USD currently has the higher Sharpe Ratio (-0.92 vs -0.93), 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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