DOGE-USD vs. SOL-USD
DOGE-USD (Dogecoin) and SOL-USD (Solana) are both cryptocurrencies. Over the past 5 years, DOGE-USD returned -15.57%/yr vs 23.94%/yr for SOL-USD. A 0.56 correlation means they provide meaningful diversification when combined.
Performance
DOGE-USD vs. SOL-USD - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with DOGE-USD having a -37.02% return and SOL-USD slightly lower at -38.21%.
DOGE-USD
- 1D
- -0.74%
- 1M
- -16.14%
- 6M
- -49.82%
- YTD
- -37.02%
- 1Y
- -62.93%
- 3Y*
- 2.01%
- 5Y*
- -15.57%
- 10Y*
- —
SOL-USD
- 1D
- -1.17%
- 1M
- 4.02%
- 6M
- -47.58%
- YTD
- -38.21%
- 1Y
- -53.12%
- 3Y*
- 41.00%
- 5Y*
- 23.94%
- 10Y*
- —
DOGE-USD vs. SOL-USD - Yearly Performance Comparison
Correlation
The correlation between DOGE-USD and SOL-USD is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.83 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.67 |
Correlation (All Time) Calculated using the full available price history since Apr 10, 2020 | 0.57 |
Over the past year, DOGE-USD and SOL-USD have become more correlated (0.83) than their long-term average of 0.56, meaning their price movements have been converging.
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Return for Risk
DOGE-USD vs. SOL-USD — Risk / Return Rank
DOGE-USD
SOL-USD
DOGE-USD vs. SOL-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Dogecoin (DOGE-USD) and Solana (SOL-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 | SOL-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.07 | ||
| Sortino ratioReturn per unit of downside risk | -0.30 | ||
| Omega ratioGain probability vs. loss probability | 0.88 | 0.91 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | -0.84 | -0.71 | -0.13 |
| Martin ratioReturn relative to average drawdown | -1.18 | -1.04 | -0.13 |
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Drawdowns
DOGE-USD vs. SOL-USD - Drawdown Comparison
The maximum DOGE-USD drawdown since its inception was -92.29%, roughly equal to the maximum SOL-USD drawdown of -96.27%. Use the drawdown chart below to compare losses from any high point for DOGE-USD and SOL-USD.
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Drawdown Indicators
| DOGE-USD | SOL-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -92.29% | -96.27% | +3.98% |
Max Drawdown (1Y)Largest decline over 1 year | -75.17% | -74.89% | -0.28% |
Max Drawdown (3Y)Largest decline over 3 years | -84.60% | -76.28% | -8.32% |
Max Drawdown (5Y)Largest decline over 5 years | -84.60% | -96.27% | +11.67% |
Current DrawdownCurrent decline from peak | -89.22% | -70.65% | -18.57% |
Average DrawdownAverage peak-to-trough decline | -75.25% | -51.70% | -23.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 42.03% | 42.95% | -0.92% |
Volatility
DOGE-USD vs. SOL-USD - Volatility Comparison
The current volatility for Dogecoin (DOGE-USD) is 10.91%, while Solana (SOL-USD) has a volatility of 14.96%. This indicates that DOGE-USD experiences smaller price fluctuations and is considered to be less risky than SOL-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 | SOL-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.91% | 14.96% | -4.05% |
Volatility (6M)Calculated over the trailing 6-month period | 45.05% | 47.69% | -2.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 64.08% | 59.54% | +4.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 76.79% | 81.26% | -4.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 756.68% | 99.26% | +657.42% |
Frequently Asked Questions
DOGE-USD and SOL-USD have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SOL-USD has higher volatility (14.96%) compared to DOGE-USD (10.91%). In terms of maximum drawdown, DOGE-USD dropped -92.29% vs SOL-USD's -96.27%.
SOL-USD currently has the higher Sharpe Ratio (-0.74 vs -0.82), 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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