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:
0.51
SPY:
0.62
DOGE-USD:
1.43
SPY:
0.90
DOGE-USD:
1.14
SPY:
1.12
DOGE-USD:
0.24
SPY:
0.86
DOGE-USD:
1.64
SPY:
2.84
DOGE-USD:
31.76%
SPY:
3.03%
DOGE-USD:
81.38%
SPY:
13.88%
DOGE-USD:
-95.27%
SPY:
-55.19%
DOGE-USD:
-74.91%
SPY:
-8.20%
Returns By Period
In the year-to-date period, DOGE-USD achieves a -44.85% return, which is significantly lower than SPY's -4.00% return. Over the past 10 years, DOGE-USD has outperformed SPY with an annualized return of 105.76%, while SPY has yielded a comparatively lower 12.47% annualized return.
DOGE-USD
-44.85%
-27.24%
62.63%
-15.32%
147.40%
105.76%
SPY
-4.00%
-5.31%
-0.72%
8.80%
19.18%
12.47%
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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 31.38% compared to SPDR S&P 500 ETF (SPY) at 6.01%. 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.