Correlation
The correlation between LTC-USD and SHIB-USD is 0.32, 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.
LTC-USD vs. SHIB-USD
Compare and contrast key facts about Litecoin (LTC-USD) and Shiba Inu (SHIB-USD).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: LTC-USD or SHIB-USD.
Performance
LTC-USD vs. SHIB-USD - Performance Comparison
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Key characteristics
LTC-USD:
0.02
SHIB-USD:
-0.55
LTC-USD:
1.31
SHIB-USD:
0.48
LTC-USD:
1.14
SHIB-USD:
1.05
LTC-USD:
0.22
SHIB-USD:
0.01
LTC-USD:
2.04
SHIB-USD:
-0.37
LTC-USD:
23.64%
SHIB-USD:
43.19%
LTC-USD:
66.50%
SHIB-USD:
76.54%
LTC-USD:
-97.41%
SHIB-USD:
-91.81%
LTC-USD:
-77.83%
SHIB-USD:
-84.05%
Returns By Period
In the year-to-date period, LTC-USD achieves a -16.89% return, which is significantly higher than SHIB-USD's -39.66% return.
LTC-USD
-16.89%
-3.67%
-16.56%
2.91%
7.78%
13.44%
48.25%
SHIB-USD
-39.66%
-5.46%
-52.31%
-49.85%
2.85%
N/A
N/A
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Risk-Adjusted Performance
LTC-USD vs. SHIB-USD — Risk-Adjusted Performance Rank
LTC-USD
SHIB-USD
LTC-USD vs. SHIB-USD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Litecoin (LTC-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.
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Drawdowns
LTC-USD vs. SHIB-USD - Drawdown Comparison
The maximum LTC-USD drawdown since its inception was -97.41%, which is greater than SHIB-USD's maximum drawdown of -91.81%. Use the drawdown chart below to compare losses from any high point for LTC-USD and SHIB-USD.
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Volatility
LTC-USD vs. SHIB-USD - Volatility Comparison
The current volatility for Litecoin (LTC-USD) is 22.15%, while Shiba Inu (SHIB-USD) has a volatility of 26.24%. This indicates that LTC-USD experiences smaller price fluctuations and is considered to be less risky than SHIB-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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