SNX-USD vs. DOGE-USD
SNX-USD (SynthetixNetworkToken) and DOGE-USD (Dogecoin) are both cryptocurrencies. Over the past 5 years, SNX-USD returned -49.07%/yr vs -21.43%/yr for DOGE-USD. A 0.53 correlation means they provide meaningful diversification when combined.
Performance
SNX-USD vs. DOGE-USD - Performance Comparison
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Returns By Period
In the year-to-date period, SNX-USD achieves a -44.63% return, which is significantly lower than DOGE-USD's -32.58% return.
SNX-USD
- 1D
- -7.35%
- 1M
- -24.58%
- YTD
- -44.63%
- 6M
- -47.21%
- 1Y
- -59.39%
- 3Y*
- -51.00%
- 5Y*
- -49.07%
- 10Y*
- —
DOGE-USD
- 1D
- -4.04%
- 1M
- -22.61%
- YTD
- -32.58%
- 6M
- -38.82%
- 1Y
- -51.76%
- 3Y*
- 5.81%
- 5Y*
- -21.43%
- 10Y*
- —
SNX-USD vs. DOGE-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
SNX-USD SynthetixNetworkToken | -44.63% | -78.57% | -50.43% | 168.73% | -73.89% | -24.18% | 493.90% | 3,090.51% | -91.57% |
DOGE-USD Dogecoin | -32.58% | -62.82% | 252.28% | 27.54% | -58.78% | 3,537.33% | 130.87% | -13.55% | -41.82% |
Correlation
The correlation between SNX-USD and DOGE-USD is 0.75, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.75 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.67 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.65 |
Correlation (All Time) Calculated using the full available price history since Mar 13, 2018 | 0.53 |
Over the past year, SNX-USD and DOGE-USD have become more correlated (0.75) than their long-term average of 0.53, meaning their price movements have been converging.
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Return for Risk
SNX-USD vs. DOGE-USD — Risk / Return Rank
SNX-USD
DOGE-USD
SNX-USD vs. DOGE-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SynthetixNetworkToken (SNX-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.
| SNX-USD | DOGE-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.23 | ||
| Sortino ratioReturn per unit of downside risk | +0.67 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 0.93 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | -0.66 | -0.71 | +0.05 |
| Martin ratioReturn relative to average drawdown | -0.88 | -1.03 | +0.15 |
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Drawdowns
SNX-USD vs. DOGE-USD - Drawdown Comparison
The maximum SNX-USD drawdown since its inception was -99.16%, 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 SNX-USD and DOGE-USD.
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Drawdown Indicators
| SNX-USD | DOGE-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.16% | -92.29% | -6.87% |
Max Drawdown (1Y)Largest decline over 1 year | -90.10% | -72.70% | -17.40% |
Max Drawdown (3Y)Largest decline over 3 years | -95.56% | -83.07% | -12.49% |
Max Drawdown (5Y)Largest decline over 5 years | -98.49% | -84.48% | -14.01% |
Current DrawdownCurrent decline from peak | -99.16% | -88.46% | -10.70% |
Average DrawdownAverage peak-to-trough decline | -73.05% | -75.16% | +2.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 74.77% | 44.53% | +30.24% |
Volatility
SNX-USD vs. DOGE-USD - Volatility Comparison
SynthetixNetworkToken (SNX-USD) has a higher volatility of 19.49% compared to Dogecoin (DOGE-USD) at 15.17%. This indicates that SNX-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
| SNX-USD | DOGE-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.49% | 15.17% | +4.32% |
Volatility (6M)Calculated over the trailing 6-month period | 57.93% | 47.92% | +10.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 115.94% | 65.45% | +50.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 100.44% | 77.25% | +23.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 117.28% | 759.19% | -641.91% |
Frequently Asked Questions
SNX-USD and DOGE-USD have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SNX-USD has higher volatility (19.49%) compared to DOGE-USD (15.17%). In terms of maximum drawdown, SNX-USD dropped -99.16% vs DOGE-USD's -92.29%.
SNX-USD currently has the higher Sharpe Ratio (-0.43 vs -0.66), 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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