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.
Key characteristics
| DOGE-USD | ^GSPC | |
|---|---|---|
| YTD Return | 63.34% | 7.50% |
| 1Y Return | 86.29% | 26.26% |
| 3Y Return (Ann) | -36.01% | 7.19% |
| 5Y Return (Ann) | 123.31% | 11.73% |
| 10Y Return (Ann) | 78.05% | 10.64% |
| Sharpe Ratio | 2.64 | 2.17 |
| Daily Std Dev | 67.50% | 11.70% |
| Max Drawdown | -95.27% | -56.78% |
| Current Drawdown | -78.94% | -2.41% |
Correlation
The correlation between DOGE-USD and ^GSPC is 0.11, 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
In the year-to-date period, DOGE-USD achieves a 63.34% return, which is significantly higher than ^GSPC's 7.50% return. Over the past 10 years, DOGE-USD has outperformed ^GSPC with an annualized return of 78.05%, while ^GSPC has yielded a comparatively lower 10.64% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
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 28.17% compared to S&P 500 (^GSPC) at 4.25%. 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.