SNX-USD vs. DOGE-USD
SNX-USD (SynthetixNetworkToken) and DOGE-USD (Dogecoin) are both cryptocurrencies. Over the past 5 years, SNX-USD returned -54.34%/yr vs -25.36%/yr for DOGE-USD. A 0.52 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 -34.41% return, which is significantly lower than DOGE-USD's -20.69% return.
SNX-USD
- 1D
- -6.62%
- 1M
- -15.16%
- YTD
- -34.41%
- 6M
- -51.19%
- 1Y
- -62.02%
- 3Y*
- -51.50%
- 5Y*
- -54.34%
- 10Y*
- —
DOGE-USD
- 1D
- -7.89%
- 1M
- -14.08%
- YTD
- -20.69%
- 6M
- -36.26%
- 1Y
- -52.36%
- 3Y*
- 8.53%
- 5Y*
- -25.36%
- 10Y*
- —
SNX-USD vs. DOGE-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
SNX-USD SynthetixNetworkToken | -34.41% | -78.57% | -50.43% | 168.73% | -73.89% | -24.18% | 493.90% | 3,090.51% | -91.94% |
DOGE-USD Dogecoin | -20.69% | -62.82% | 252.28% | 27.54% | -58.78% | 3,537.33% | 130.87% | -13.55% | -40.76% |
Correlation
The correlation between SNX-USD and DOGE-USD is 0.76, 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 | 0.76 |
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 14, 2018 | 0.52 |
Over the past year, SNX-USD and DOGE-USD have become more correlated (0.76) than their long-term average of 0.52, 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.
| SNX-USD | DOGE-USD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.44 | -0.66 | +0.22 |
Sortino ratioReturn per unit of downside risk | -0.18 | -0.76 | +0.58 |
Omega ratioGain probability vs. loss probability | 0.98 | 0.93 | +0.06 |
Calmar ratioReturn relative to maximum drawdown | -0.82 | -1.11 | +0.29 |
Martin ratioReturn relative to average drawdown | -0.95 | -1.40 | +0.46 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SNX-USD | DOGE-USD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.44 | -0.66 | +0.22 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.45 | -0.27 | -0.18 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.05 | 0.12 | -0.17 |
Drawdowns
SNX-USD vs. DOGE-USD - Drawdown Comparison
The maximum SNX-USD drawdown since its inception was -99.01%, 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 | -99.01% | -92.29% | -6.72% |
Max Drawdown (1Y)Largest decline over 1 year | -88.27% | -69.49% | -18.78% |
Max Drawdown (3Y)Largest decline over 3 years | -94.73% | -81.08% | -13.65% |
Max Drawdown (5Y)Largest decline over 5 years | -98.21% | -85.99% | -12.22% |
Current DrawdownCurrent decline from peak | -99.01% | -86.42% | -12.59% |
Average DrawdownAverage peak-to-trough decline | -72.90% | -75.11% | +2.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 76.81% | 52.85% | +23.96% |
Volatility
SNX-USD vs. DOGE-USD - Volatility Comparison
SynthetixNetworkToken (SNX-USD) has a higher volatility of 17.15% compared to Dogecoin (DOGE-USD) at 13.79%. 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 | 17.15% | 13.79% | +3.36% |
Volatility (6M)Calculated over the trailing 6-month period | 58.72% | 48.50% | +10.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 116.18% | 65.98% | +50.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 101.21% | 79.05% | +22.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 117.60% | 761.71% | -644.11% |
Frequently Asked Questions
SNX-USD and DOGE-USD have a correlation of 0.76, 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 (17.15%) compared to DOGE-USD (13.79%). In terms of maximum drawdown, SNX-USD dropped -99.01% vs DOGE-USD's -92.29%.
SNX-USD currently has the higher Sharpe Ratio (-0.44 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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