SHIB-USD vs. DOGE-USD
Compare and contrast key facts about Shiba Inu (SHIB-USD) and Dogecoin (DOGE-USD).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SHIB-USD or DOGE-USD.
Correlation
The correlation between SHIB-USD and DOGE-USD is 0.77, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
SHIB-USD vs. DOGE-USD - Performance Comparison
Key characteristics
SHIB-USD:
-0.21
DOGE-USD:
1.38
SHIB-USD:
0.37
DOGE-USD:
2.29
SHIB-USD:
1.03
DOGE-USD:
1.21
SHIB-USD:
0.02
DOGE-USD:
0.82
SHIB-USD:
-0.61
DOGE-USD:
4.06
SHIB-USD:
33.09%
DOGE-USD:
32.63%
SHIB-USD:
99.32%
DOGE-USD:
84.65%
SHIB-USD:
-92.10%
DOGE-USD:
-95.27%
SHIB-USD:
-71.05%
DOGE-USD:
-48.40%
Returns By Period
In the year-to-date period, SHIB-USD achieves a 132.31% return, which is significantly lower than DOGE-USD's 300.17% return.
SHIB-USD
132.31%
-3.34%
32.76%
137.06%
N/A
N/A
DOGE-USD
300.17%
-3.69%
192.66%
296.51%
180.75%
112.20%
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Risk-Adjusted Performance
SHIB-USD vs. DOGE-USD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Shiba Inu (SHIB-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.
Drawdowns
SHIB-USD vs. DOGE-USD - Drawdown Comparison
The maximum SHIB-USD drawdown since its inception was -92.10%, roughly equal to the maximum DOGE-USD drawdown of -95.27%. Use the drawdown chart below to compare losses from any high point for SHIB-USD and DOGE-USD. For additional features, visit the drawdowns tool.
Volatility
SHIB-USD vs. DOGE-USD - Volatility Comparison
Shiba Inu (SHIB-USD) has a higher volatility of 32.20% compared to Dogecoin (DOGE-USD) at 25.76%. This indicates that SHIB-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.