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:
1.19
^GSPC:
0.49
DOGE-USD:
2.04
^GSPC:
0.81
DOGE-USD:
1.21
^GSPC:
1.12
DOGE-USD:
0.75
^GSPC:
0.50
DOGE-USD:
3.46
^GSPC:
2.07
DOGE-USD:
35.61%
^GSPC:
4.57%
DOGE-USD:
80.96%
^GSPC:
19.43%
DOGE-USD:
-95.27%
^GSPC:
-56.78%
DOGE-USD:
-74.26%
^GSPC:
-10.73%
Returns By Period
In the year-to-date period, DOGE-USD achieves a -43.42% return, which is significantly lower than ^GSPC's -6.75% return. Over the past 10 years, DOGE-USD has outperformed ^GSPC with an annualized return of 110.61%, while ^GSPC has yielded a comparatively lower 10.05% annualized return.
DOGE-USD
-43.42%
-6.45%
25.79%
18.00%
142.81%
110.61%
^GSPC
-6.75%
-5.05%
-5.60%
8.15%
14.14%
10.05%
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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 27.33% compared to S&P 500 (^GSPC) at 14.13%. 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.