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 0.16, 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
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Key characteristics
DOGE-USD:
0.63
SPY:
0.68
DOGE-USD:
2.91
SPY:
1.13
DOGE-USD:
1.30
SPY:
1.17
DOGE-USD:
2.07
SPY:
0.76
DOGE-USD:
7.04
SPY:
2.93
DOGE-USD:
39.17%
SPY:
4.87%
DOGE-USD:
82.53%
SPY:
20.29%
DOGE-USD:
-95.27%
SPY:
-55.19%
DOGE-USD:
-64.77%
SPY:
-3.85%
Returns By Period
In the year-to-date period, DOGE-USD achieves a -23.59% return, which is significantly lower than SPY's 0.56% return. Over the past 10 years, DOGE-USD has outperformed SPY with an annualized return of 114.91%, while SPY has yielded a comparatively lower 12.67% annualized return.
DOGE-USD
-23.59%
52.18%
-39.62%
65.88%
149.41%
114.91%
SPY
0.56%
8.99%
-0.98%
13.71%
17.23%
12.67%
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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.
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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.
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Volatility
DOGE-USD vs. SPY - Volatility Comparison
Dogecoin (DOGE-USD) has a higher volatility of 28.93% compared to SPDR S&P 500 ETF (SPY) at 6.24%. 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.
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