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 -23.30%/yr for DOGE-USD. A 0.59 correlation means they provide meaningful diversification when combined.
Performance
HBAR-USD vs. DOGE-USD - Performance Comparison
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Returns By Period
As of year-to-date, both investments have demonstrated similar returns, with HBAR-USD at -26.59% and DOGE-USD at -26.59%.
HBAR-USD
- 1D
- -1.54%
- 1M
- -16.53%
- YTD
- -26.59%
- 6M
- -37.13%
- 1Y
- -52.17%
- 3Y*
- 18.50%
- 5Y*
- -16.90%
- 10Y*
- —
DOGE-USD
- 1D
- 0.11%
- 1M
- -23.55%
- YTD
- -26.59%
- 6M
- -37.14%
- 1Y
- -52.50%
- 3Y*
- 11.71%
- 5Y*
- -23.30%
- 10Y*
- —
HBAR-USD vs. DOGE-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
HBAR-USD HederaHashgraph | -26.59% | -60.44% | 212.23% | 135.51% | -87.44% | 812.76% | 211.49% | -97.54% |
DOGE-USD Dogecoin | -26.59% | -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 | 0.67 |
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.
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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 | 0.00 | ||
| Sortino ratioReturn per unit of downside risk | -0.08 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 0.93 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | -0.71 | -0.73 | +0.02 |
| Martin ratioReturn relative to average drawdown | -1.01 | -1.07 | +0.06 |
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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.
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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 | -73.39% | -71.87% | -1.52% |
Max Drawdown (3Y)Largest decline over 3 years | -79.29% | -82.55% | +3.26% |
Max Drawdown (5Y)Largest decline over 5 years | -92.79% | -84.48% | -8.31% |
Current DrawdownCurrent decline from peak | -84.59% | -87.43% | +2.84% |
Average DrawdownAverage peak-to-trough decline | -74.50% | -75.12% | +0.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 51.63% | 54.55% | -2.92% |
Volatility
HBAR-USD vs. DOGE-USD - Volatility Comparison
HederaHashgraph (HBAR-USD) has a higher volatility of 16.49% compared to Dogecoin (DOGE-USD) at 15.70%. 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.
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Volatility by Period
| HBAR-USD | DOGE-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.49% | 15.70% | +0.79% |
Volatility (6M)Calculated over the trailing 6-month period | 43.31% | 48.90% | -5.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 65.23% | 65.76% | -0.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 85.18% | 78.94% | +6.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 108.59% | 760.45% | -651.86% |
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 (16.49%) compared to DOGE-USD (15.70%). In terms of maximum drawdown, HBAR-USD dropped -97.58% vs DOGE-USD's -92.29%.
DOGE-USD currently has the higher Sharpe Ratio (-0.67 vs -0.67), 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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