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:
0.51
^GSPC:
0.52
DOGE-USD:
1.43
^GSPC:
0.77
DOGE-USD:
1.14
^GSPC:
1.10
DOGE-USD:
0.24
^GSPC:
0.71
DOGE-USD:
1.64
^GSPC:
2.33
DOGE-USD:
31.76%
^GSPC:
3.09%
DOGE-USD:
81.38%
^GSPC:
13.96%
DOGE-USD:
-95.27%
^GSPC:
-56.78%
DOGE-USD:
-74.91%
^GSPC:
-8.32%
Returns By Period
In the year-to-date period, DOGE-USD achieves a -44.85% return, which is significantly lower than ^GSPC's -4.23% return. Over the past 10 years, DOGE-USD has outperformed ^GSPC with an annualized return of 105.76%, while ^GSPC has yielded a comparatively lower 10.57% annualized return.
DOGE-USD
-44.85%
-27.24%
62.63%
-15.32%
147.40%
105.76%
^GSPC
-4.23%
-5.40%
-1.33%
7.42%
17.47%
10.57%
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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 31.38% compared to S&P 500 (^GSPC) at 5.99%. 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.