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:
-0.37
DOGE-USD:
0.51
SHIB-USD:
0.01
DOGE-USD:
1.43
SHIB-USD:
1.00
DOGE-USD:
1.14
SHIB-USD:
0.00
DOGE-USD:
0.24
SHIB-USD:
-1.04
DOGE-USD:
1.64
SHIB-USD:
33.52%
DOGE-USD:
31.76%
SHIB-USD:
77.19%
DOGE-USD:
81.38%
SHIB-USD:
-92.10%
DOGE-USD:
-95.27%
SHIB-USD:
-84.71%
DOGE-USD:
-74.91%
Returns By Period
In the year-to-date period, SHIB-USD achieves a -39.99% return, which is significantly higher than DOGE-USD's -44.85% return.
SHIB-USD
-39.99%
-16.20%
-22.76%
-55.74%
N/A
N/A
DOGE-USD
-44.85%
-27.24%
62.63%
-15.32%
147.40%
105.76%
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Risk-Adjusted Performance
SHIB-USD vs. DOGE-USD — Risk-Adjusted Performance Rank
SHIB-USD
DOGE-USD
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
The current volatility for Shiba Inu (SHIB-USD) is 23.86%, while Dogecoin (DOGE-USD) has a volatility of 31.38%. This indicates that SHIB-USD experiences smaller price fluctuations and is considered to be less risky than DOGE-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.