Correlation
The correlation between ENJ-USD and DOGE-USD is 0.23, 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.
ENJ-USD vs. DOGE-USD
Compare and contrast key facts about EnjinCoin (ENJ-USD) and Dogecoin (DOGE-USD).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ENJ-USD or DOGE-USD.
Performance
ENJ-USD vs. DOGE-USD - Performance Comparison
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Key characteristics
ENJ-USD:
-0.71
DOGE-USD:
0.21
ENJ-USD:
-0.50
DOGE-USD:
2.18
ENJ-USD:
0.95
DOGE-USD:
1.22
ENJ-USD:
0.00
DOGE-USD:
0.91
ENJ-USD:
-1.17
DOGE-USD:
3.40
ENJ-USD:
56.61%
DOGE-USD:
41.43%
ENJ-USD:
89.85%
DOGE-USD:
82.71%
ENJ-USD:
-98.72%
DOGE-USD:
-95.27%
ENJ-USD:
-98.43%
DOGE-USD:
-71.75%
Returns By Period
In the year-to-date period, ENJ-USD achieves a -64.79% return, which is significantly lower than DOGE-USD's -38.72% return.
ENJ-USD
-64.79%
-13.23%
-77.71%
-76.85%
-51.29%
-18.74%
N/A
DOGE-USD
-38.72%
7.01%
-54.16%
21.55%
31.09%
137.60%
103.37%
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Risk-Adjusted Performance
ENJ-USD vs. DOGE-USD — Risk-Adjusted Performance Rank
ENJ-USD
DOGE-USD
ENJ-USD vs. DOGE-USD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for EnjinCoin (ENJ-USD) and Dogecoin (DOGE-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.
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Drawdowns
ENJ-USD vs. DOGE-USD - Drawdown Comparison
The maximum ENJ-USD drawdown since its inception was -98.72%, roughly equal to the maximum DOGE-USD drawdown of -95.27%. Use the drawdown chart below to compare losses from any high point for ENJ-USD and DOGE-USD.
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Volatility
ENJ-USD vs. DOGE-USD - Volatility Comparison
EnjinCoin (ENJ-USD) and Dogecoin (DOGE-USD) have volatilities of 33.36% and 33.23%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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