DOGE-USD vs. SNX-USD
DOGE-USD (Dogecoin) and SNX-USD (SynthetixNetworkToken) are both cryptocurrencies. Over the past 5 years, DOGE-USD returned -23.30%/yr vs -51.65%/yr for SNX-USD. A 0.53 correlation means they provide meaningful diversification when combined.
Performance
DOGE-USD vs. SNX-USD - Performance Comparison
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Returns By Period
In the year-to-date period, DOGE-USD achieves a -26.59% return, which is significantly higher than SNX-USD's -41.15% return.
DOGE-USD
- 1D
- 0.11%
- 1M
- -23.55%
- YTD
- -26.59%
- 6M
- -37.14%
- 1Y
- -52.50%
- 3Y*
- 11.71%
- 5Y*
- -23.30%
- 10Y*
- —
SNX-USD
- 1D
- -1.52%
- 1M
- -26.89%
- YTD
- -41.15%
- 6M
- -47.32%
- 1Y
- -62.65%
- 3Y*
- -48.93%
- 5Y*
- -51.65%
- 10Y*
- —
DOGE-USD vs. SNX-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
DOGE-USD Dogecoin | -26.59% | -62.82% | 252.28% | 27.54% | -58.78% | 3,537.33% | 130.87% | -13.55% | -41.82% |
SNX-USD SynthetixNetworkToken | -41.15% | -78.57% | -50.43% | 168.73% | -73.89% | -24.18% | 493.90% | 3,090.51% | -91.57% |
Correlation
The correlation between DOGE-USD and SNX-USD is 0.76, 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 | 0.76 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.67 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.64 |
Correlation (All Time) Calculated using the full available price history since Mar 13, 2018 | 0.53 |
Over the past year, DOGE-USD and SNX-USD have become more correlated (0.76) than their long-term average of 0.53, meaning their price movements have been converging.
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Return for Risk
DOGE-USD vs. SNX-USD — Risk / Return Rank
DOGE-USD
SNX-USD
DOGE-USD vs. SNX-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Dogecoin (DOGE-USD) and SynthetixNetworkToken (SNX-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 | SNX-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.22 | ||
| Sortino ratioReturn per unit of downside risk | -0.57 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 0.98 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | -0.73 | -0.70 | -0.03 |
| Martin ratioReturn relative to average drawdown | -1.07 | -0.95 | -0.12 |
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Drawdowns
DOGE-USD vs. SNX-USD - Drawdown Comparison
The maximum DOGE-USD drawdown since its inception was -92.29%, smaller than the maximum SNX-USD drawdown of -99.14%. Use the drawdown chart below to compare losses from any high point for DOGE-USD and SNX-USD.
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Drawdown Indicators
| DOGE-USD | SNX-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -92.29% | -99.14% | +6.85% |
Max Drawdown (1Y)Largest decline over 1 year | -71.87% | -89.83% | +17.96% |
Max Drawdown (3Y)Largest decline over 3 years | -82.55% | -95.44% | +12.89% |
Max Drawdown (5Y)Largest decline over 5 years | -84.48% | -98.45% | +13.97% |
Current DrawdownCurrent decline from peak | -87.43% | -99.11% | +11.68% |
Average DrawdownAverage peak-to-trough decline | -75.12% | -72.96% | -2.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 54.55% | 78.82% | -24.27% |
Volatility
DOGE-USD vs. SNX-USD - Volatility Comparison
The current volatility for Dogecoin (DOGE-USD) is 15.70%, while SynthetixNetworkToken (SNX-USD) has a volatility of 17.89%. This indicates that DOGE-USD experiences smaller price fluctuations and is considered to be less risky than SNX-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 | SNX-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.70% | 17.89% | -2.19% |
Volatility (6M)Calculated over the trailing 6-month period | 48.90% | 58.61% | -9.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 65.76% | 116.09% | -50.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 78.94% | 100.95% | -22.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 760.45% | 117.45% | +643.00% |
Frequently Asked Questions
DOGE-USD and SNX-USD have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SNX-USD has higher volatility (17.89%) compared to DOGE-USD (15.70%). In terms of maximum drawdown, DOGE-USD dropped -92.29% vs SNX-USD's -99.14%.
SNX-USD currently has the higher Sharpe Ratio (-0.45 vs -0.67), 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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