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
Key characteristics
DOGE-USD:
1.19
SPY:
0.54
DOGE-USD:
2.04
SPY:
0.89
DOGE-USD:
1.21
SPY:
1.13
DOGE-USD:
0.75
SPY:
0.58
DOGE-USD:
3.46
SPY:
2.39
DOGE-USD:
35.61%
SPY:
4.51%
DOGE-USD:
80.96%
SPY:
20.07%
DOGE-USD:
-95.27%
SPY:
-55.19%
DOGE-USD:
-74.26%
SPY:
-10.54%
Returns By Period
In the year-to-date period, DOGE-USD achieves a -43.42% return, which is significantly lower than SPY's -6.44% return. Over the past 10 years, DOGE-USD has outperformed SPY with an annualized return of 110.61%, while SPY has yielded a comparatively lower 11.95% annualized return.
DOGE-USD
-43.42%
-6.45%
25.79%
18.00%
142.81%
110.61%
SPY
-6.44%
-5.00%
-5.02%
9.54%
15.80%
11.95%
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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 27.33% compared to SPDR S&P 500 ETF (SPY) at 15.03%. 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.