DOGE-USD vs. ^GSPC
Compare and contrast key facts about Dogecoin (DOGE-USD) and S&P 500 (^GSPC).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DOGE-USD or ^GSPC.
Correlation
The correlation between DOGE-USD and ^GSPC 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. ^GSPC - Performance Comparison
Key characteristics
DOGE-USD:
1.39
^GSPC:
1.62
DOGE-USD:
2.23
^GSPC:
2.20
DOGE-USD:
1.22
^GSPC:
1.30
DOGE-USD:
0.85
^GSPC:
2.46
DOGE-USD:
5.86
^GSPC:
10.01
DOGE-USD:
23.13%
^GSPC:
2.08%
DOGE-USD:
88.28%
^GSPC:
12.88%
DOGE-USD:
-95.27%
^GSPC:
-56.78%
DOGE-USD:
-64.44%
^GSPC:
-2.13%
Returns By Period
In the year-to-date period, DOGE-USD achieves a -21.84% return, which is significantly lower than ^GSPC's 2.24% return. Over the past 10 years, DOGE-USD has outperformed ^GSPC with an annualized return of 110.80%, while ^GSPC has yielded a comparatively lower 11.05% annualized return.
DOGE-USD
-21.84%
-29.98%
119.06%
192.21%
148.87%
110.80%
^GSPC
2.24%
-1.73%
6.72%
18.16%
13.31%
11.05%
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Risk-Adjusted Performance
DOGE-USD vs. ^GSPC — Risk-Adjusted Performance Rank
DOGE-USD
^GSPC
DOGE-USD vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Dogecoin (DOGE-USD) and S&P 500 (^GSPC). 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. ^GSPC - Drawdown Comparison
The maximum DOGE-USD drawdown since its inception was -95.27%, which is greater than ^GSPC's maximum drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for DOGE-USD and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
DOGE-USD vs. ^GSPC - Volatility Comparison
Dogecoin (DOGE-USD) has a higher volatility of 22.61% compared to S&P 500 (^GSPC) at 3.36%. This indicates that DOGE-USD's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.