DOGE-USD vs. SOL-USD
DOGE-USD (Dogecoin) and SOL-USD (Solana) are both cryptocurrencies. Over the past 5 years, DOGE-USD returned -25.94%/yr vs 8.85%/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
In the year-to-date period, DOGE-USD achieves a -29.36% return, which is significantly higher than SOL-USD's -48.05% return.
DOGE-USD
- 1D
- -6.38%
- 1M
- -26.34%
- YTD
- -29.36%
- 6M
- -40.66%
- 1Y
- -51.61%
- 3Y*
- 5.63%
- 5Y*
- -25.94%
- 10Y*
- —
SOL-USD
- 1D
- -6.02%
- 1M
- -27.48%
- YTD
- -48.05%
- 6M
- -51.51%
- 1Y
- -55.22%
- 3Y*
- 46.91%
- 5Y*
- 8.85%
- 10Y*
- —
DOGE-USD vs. SOL-USD - Yearly Performance Comparison
Correlation
The correlation between DOGE-USD and SOL-USD is 0.84, 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 | 0.84 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.71 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.67 |
Correlation (All Time) Calculated using the full available price history since Apr 11, 2020 | 0.56 |
Over the past year, DOGE-USD and SOL-USD have become more correlated (0.84) 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.
| DOGE-USD | SOL-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.12 | ||
| Sortino ratioReturn per unit of downside risk | +0.30 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 0.90 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | -0.72 | -0.75 | +0.02 |
| Martin ratioReturn relative to average drawdown | -1.07 | -1.22 | +0.14 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| DOGE-USD | SOL-USD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.65 | -0.77 | +0.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.27 | 0.09 | -0.36 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.12 | 0.82 | -0.70 |
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 | -71.39% | -73.89% | +2.50% |
Max Drawdown (3Y)Largest decline over 3 years | -82.26% | -75.32% | -6.94% |
Max Drawdown (5Y)Largest decline over 5 years | -84.63% | -96.27% | +11.64% |
Current DrawdownCurrent decline from peak | -87.91% | -75.32% | -12.59% |
Average DrawdownAverage peak-to-trough decline | -75.12% | -51.36% | -23.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 53.35% | 51.93% | +1.42% |
Volatility
DOGE-USD vs. SOL-USD - Volatility Comparison
The current volatility for Dogecoin (DOGE-USD) is 14.30%, while Solana (SOL-USD) has a volatility of 15.17%. 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 | 14.30% | 15.17% | -0.87% |
Volatility (6M)Calculated over the trailing 6-month period | 48.56% | 45.73% | +2.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 66.23% | 60.01% | +6.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 79.04% | 82.59% | -3.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 761.37% | 99.84% | +661.53% |
Frequently Asked Questions
DOGE-USD and SOL-USD have a correlation of 0.84, 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 (15.17%) compared to DOGE-USD (14.30%). In terms of maximum drawdown, DOGE-USD dropped -92.29% vs SOL-USD's -96.27%.
DOGE-USD currently has the higher Sharpe Ratio (-0.65 vs -0.77), 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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