DOGE-USD vs. SPY
Compare and contrast key facts about Dogecoin (DOGE-USD) and SPDR S&P 500 ETF (SPY).
SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DOGE-USD or SPY.
Correlation
The correlation between DOGE-USD and SPY is 0.13, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
DOGE-USD vs. SPY - Performance Comparison
Key characteristics
DOGE-USD:
2.49
SPY:
2.14
DOGE-USD:
2.98
SPY:
2.84
DOGE-USD:
1.29
SPY:
1.40
DOGE-USD:
1.75
SPY:
3.25
DOGE-USD:
8.61
SPY:
13.58
DOGE-USD:
28.02%
SPY:
2.01%
DOGE-USD:
86.63%
SPY:
12.77%
DOGE-USD:
-95.27%
SPY:
-55.19%
DOGE-USD:
-47.67%
SPY:
0.00%
Returns By Period
In the year-to-date period, DOGE-USD achieves a 15.01% return, which is significantly higher than SPY's 3.47% return. Over the past 10 years, DOGE-USD has outperformed SPY with an annualized return of 115.72%, while SPY has yielded a comparatively lower 13.45% annualized return.
DOGE-USD
15.01%
11.98%
183.44%
364.54%
176.38%
115.72%
SPY
3.47%
1.98%
12.77%
26.68%
14.81%
13.45%
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Risk-Adjusted Performance
DOGE-USD vs. SPY — Risk-Adjusted Performance Rank
DOGE-USD
SPY
DOGE-USD vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Dogecoin (DOGE-USD) and SPDR S&P 500 ETF (SPY). 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. SPY - Drawdown Comparison
The maximum DOGE-USD drawdown since its inception was -95.27%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for DOGE-USD and SPY. For additional features, visit the drawdowns tool.
Volatility
DOGE-USD vs. SPY - Volatility Comparison
Dogecoin (DOGE-USD) has a higher volatility of 28.74% compared to SPDR S&P 500 ETF (SPY) at 3.91%. This indicates that DOGE-USD's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.