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.
Performance
DOGE-USD vs. SPY - Performance Comparison
Returns By Period
In the year-to-date period, DOGE-USD achieves a 337.41% return, which is significantly higher than SPY's 25.36% return. Over the past 10 years, DOGE-USD has outperformed SPY with an annualized return of 111.97%, while SPY has yielded a comparatively lower 13.07% annualized return.
DOGE-USD
337.41%
175.44%
129.57%
402.52%
176.28%
111.97%
SPY
25.36%
0.98%
11.79%
31.70%
15.55%
13.07%
Key characteristics
| DOGE-USD | SPY | |
|---|---|---|
| Sharpe Ratio | 2.30 | 2.69 |
| Sortino Ratio | 2.91 | 3.59 |
| Omega Ratio | 1.28 | 1.50 |
| Calmar Ratio | 1.74 | 3.89 |
| Martin Ratio | 6.12 | 17.53 |
| Ulcer Index | 39.21% | 1.87% |
| Daily Std Dev | 83.67% | 12.15% |
| Max Drawdown | -95.27% | -55.19% |
| Current Drawdown | -43.59% | -1.41% |
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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.
Risk-Adjusted Performance
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 42.94% compared to SPDR S&P 500 ETF (SPY) at 4.07%. 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.