DOT-USD vs. SHIB-USD
DOT-USD (Polkadot) and SHIB-USD (Shiba Inu) are both cryptocurrencies. Over the past 3 years, DOT-USD returned -40.54%/yr vs -10.59%/yr for SHIB-USD. At a 0.23 correlation, their price movements are largely independent.
Performance
DOT-USD vs. SHIB-USD - Performance Comparison
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Returns By Period
In the year-to-date period, DOT-USD achieves a -46.23% return, which is significantly lower than SHIB-USD's -29.46% return.
DOT-USD
- 1D
- 1.14%
- 1M
- -27.54%
- YTD
- -46.23%
- 6M
- -52.24%
- 1Y
- -75.49%
- 3Y*
- -40.54%
- 5Y*
- —
- 10Y*
- —
SHIB-USD
- 1D
- 1.04%
- 1M
- -22.61%
- YTD
- -29.46%
- 6M
- -41.23%
- 1Y
- -60.23%
- 3Y*
- -10.59%
- 5Y*
- -7.04%
- 10Y*
- —
DOT-USD vs. SHIB-USD - Yearly Performance Comparison
Correlation
The correlation between DOT-USD and SHIB-USD is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.86 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Jun 15, 2021 | 0.23 |
Over the past year, DOT-USD and SHIB-USD have become more correlated (0.86) than their long-term average of 0.23, meaning their price movements have been converging.
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Return for Risk
DOT-USD vs. SHIB-USD — Risk / Return Rank
DOT-USD
SHIB-USD
DOT-USD vs. SHIB-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Polkadot (DOT-USD) and Shiba Inu (SHIB-USD). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| DOT-USD | SHIB-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.02 | ||
| Sortino ratioReturn per unit of downside risk | -0.40 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 0.86 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | -0.95 | -0.85 | -0.09 |
| Martin ratioReturn relative to average drawdown | -1.47 | -1.32 | -0.15 |
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Drawdowns
DOT-USD vs. SHIB-USD - Drawdown Comparison
The maximum DOT-USD drawdown since its inception was -98.30%, roughly equal to the maximum SHIB-USD drawdown of -94.38%. Use the drawdown chart below to compare losses from any high point for DOT-USD and SHIB-USD.
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Drawdown Indicators
| DOT-USD | SHIB-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.30% | -94.38% | -3.92% |
Max Drawdown (1Y)Largest decline over 1 year | -79.88% | -70.62% | -9.26% |
Max Drawdown (3Y)Largest decline over 3 years | -92.08% | -87.33% | -4.75% |
Max Drawdown (5Y)Largest decline over 5 years | — | -94.38% | — |
Current DrawdownCurrent decline from peak | -98.22% | -94.01% | -4.21% |
Average DrawdownAverage peak-to-trough decline | -81.06% | -80.13% | -0.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 60.04% | 45.21% | +14.83% |
Volatility
DOT-USD vs. SHIB-USD - Volatility Comparison
Polkadot (DOT-USD) has a higher volatility of 17.56% compared to Shiba Inu (SHIB-USD) at 14.76%. This indicates that DOT-USD's price experiences larger fluctuations and is considered to be riskier than SHIB-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DOT-USD | SHIB-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.56% | 14.76% | +2.80% |
Volatility (6M)Calculated over the trailing 6-month period | 58.20% | 45.97% | +12.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 71.60% | 55.77% | +15.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 72.80% | 95.44% | -22.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 72.80% | 208.85% | -136.05% |
Frequently Asked Questions
DOT-USD and SHIB-USD have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DOT-USD has higher volatility (17.56%) compared to SHIB-USD (14.76%). In terms of maximum drawdown, DOT-USD dropped -98.30% vs SHIB-USD's -94.38%.
DOT-USD currently has the higher Sharpe Ratio (-0.88 vs -0.90), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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