SKYT vs. DOGE-USD
Compare and contrast key facts about SkyWater Technology, Inc. (SKYT) and Dogecoin (DOGE-USD).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SKYT or DOGE-USD.
Correlation
The correlation between SKYT and DOGE-USD is 0.19, 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.
Performance
SKYT vs. DOGE-USD - Performance Comparison
Key characteristics
SKYT:
-0.27
DOGE-USD:
0.69
SKYT:
0.29
DOGE-USD:
1.61
SKYT:
1.04
DOGE-USD:
1.16
SKYT:
-0.33
DOGE-USD:
0.36
SKYT:
-0.95
DOGE-USD:
2.09
SKYT:
29.45%
DOGE-USD:
34.19%
SKYT:
102.90%
DOGE-USD:
80.63%
SKYT:
-86.72%
DOGE-USD:
-95.27%
SKYT:
-80.82%
DOGE-USD:
-77.55%
Returns By Period
The year-to-date returns for both investments are quite close, with SKYT having a -52.25% return and DOGE-USD slightly higher at -50.67%.
SKYT
-52.25%
-19.44%
-32.89%
-23.64%
N/A
N/A
DOGE-USD
-50.67%
-12.54%
13.50%
2.16%
137.51%
106.53%
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Risk-Adjusted Performance
SKYT vs. DOGE-USD — Risk-Adjusted Performance Rank
SKYT
DOGE-USD
SKYT vs. DOGE-USD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SkyWater Technology, Inc. (SKYT) 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
SKYT vs. DOGE-USD - Drawdown Comparison
The maximum SKYT drawdown since its inception was -86.72%, smaller than the maximum DOGE-USD drawdown of -95.27%. Use the drawdown chart below to compare losses from any high point for SKYT and DOGE-USD. For additional features, visit the drawdowns tool.
Volatility
SKYT vs. DOGE-USD - Volatility Comparison
SkyWater Technology, Inc. (SKYT) and Dogecoin (DOGE-USD) have volatilities of 27.95% and 27.00%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.