HBAR-USD vs. DOGE-USD
HBAR-USD (HederaHashgraph) and DOGE-USD (Dogecoin) are both cryptocurrencies. Over the past 5 years, HBAR-USD returned -16.90%/yr vs -17.63%/yr for DOGE-USD. A 0.59 correlation means they provide meaningful diversification when combined.
Performance
HBAR-USD vs. DOGE-USD - Performance Comparison
Loading charts...
Returns By Period
The year-to-date returns for both stocks are quite close, with HBAR-USD having a -36.90% return and DOGE-USD slightly lower at -38.39%.
HBAR-USD
- 1D
- 0.71%
- 1M
- -16.91%
- 6M
- -39.53%
- YTD
- -36.90%
- 1Y
- -75.28%
- 3Y*
- 6.54%
- 5Y*
- -16.90%
- 10Y*
- —
- ALL TIME*
- -23.43%
DOGE-USD
- 1D
- -0.23%
- 1M
- -13.60%
- 6M
- -44.04%
- YTD
- -38.39%
- 1Y
- -73.62%
- 3Y*
- -0.46%
- 5Y*
- -17.63%
- 10Y*
- —
- ALL TIME*
- 105.54%
HBAR-USD vs. DOGE-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
HBAR-USD HederaHashgraph | -36.90% | -60.44% | 212.23% | 135.51% | -87.44% | 812.76% | 211.49% | -97.54% |
DOGE-USD Dogecoin | -38.39% | -62.82% | 252.28% | 27.54% | -58.78% | 3,537.33% | 130.87% | -17.39% |
Correlation
The correlation between HBAR-USD and DOGE-USD is 0.82, 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 | 0.82 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.71 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.68 |
Correlation (All Time) Calculated using the full available price history since Sep 17, 2019 | 0.59 |
Over the past year, HBAR-USD and DOGE-USD have become more correlated (0.82) than their long-term average of 0.59, meaning their price movements have been converging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
HBAR-USD vs. DOGE-USD — Risk / Return Rank
HBAR-USD
DOGE-USD
HBAR-USD vs. DOGE-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HederaHashgraph (HBAR-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.
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.
| HBAR-USD | DOGE-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.10 | ||
| Sortino ratioReturn per unit of downside risk | -0.38 | ||
| Omega ratioGain probability vs. loss probability | 0.79 | 0.82 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | -0.97 | -0.98 | +0.01 |
| Martin ratioReturn relative to average drawdown | -1.32 | -1.36 | +0.04 |
Loading charts...
Drawdowns
HBAR-USD vs. DOGE-USD - Drawdown Comparison
The maximum HBAR-USD drawdown since its inception was -97.58%, which is greater than DOGE-USD's maximum drawdown of -92.29%. Use the drawdown chart below to compare losses from any high point for HBAR-USD and DOGE-USD.
Loading charts...
Drawdown Indicators
| HBAR-USD | DOGE-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.58% | -92.29% | -5.29% |
Max Drawdown (1Y)Largest decline over 1 year | -77.42% | -75.16% | -2.26% |
Max Drawdown (3Y)Largest decline over 3 years | -82.42% | -84.60% | +2.18% |
Max Drawdown (5Y)Largest decline over 5 years | -92.79% | -84.60% | -8.19% |
Current DrawdownCurrent decline from peak | -86.76% | -89.45% | +2.69% |
Average DrawdownAverage peak-to-trough decline | -74.67% | -75.28% | +0.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 45.53% | 39.95% | +5.58% |
Volatility
HBAR-USD vs. DOGE-USD - Volatility Comparison
HederaHashgraph (HBAR-USD) has a higher volatility of 12.68% compared to Dogecoin (DOGE-USD) at 10.75%. This indicates that HBAR-USD's price experiences larger fluctuations and is considered to be riskier than DOGE-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| HBAR-USD | DOGE-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.68% | 10.75% | +1.93% |
Volatility (6M)Calculated over the trailing 6-month period | 40.17% | 44.61% | -4.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 58.08% | 63.38% | -5.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 84.51% | 76.65% | +7.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 107.86% | 756.12% | -648.26% |
Frequently Asked Questions
HBAR-USD and DOGE-USD have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HBAR-USD has higher volatility (12.68%) compared to DOGE-USD (10.75%). In terms of maximum drawdown, HBAR-USD dropped -97.58% vs DOGE-USD's -92.29%.
DOGE-USD currently has the higher Sharpe Ratio (-0.98 vs -1.08), 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.
Find the right allocation for HBAR-USD and DOGE-USD
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer