SOL-USD vs. DOGE-USD
SOL-USD (Solana) and DOGE-USD (Dogecoin) are both cryptocurrencies. Over the past 5 years, SOL-USD returned 19.17%/yr vs -18.22%/yr for DOGE-USD. A 0.56 correlation means they provide meaningful diversification when combined.
Performance
SOL-USD vs. DOGE-USD - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with SOL-USD having a -39.45% return and DOGE-USD slightly higher at -38.37%.
SOL-USD
- 1D
- -1.98%
- 1M
- 9.38%
- 6M
- -45.80%
- YTD
- -39.45%
- 1Y
- -53.26%
- 3Y*
- 41.32%
- 5Y*
- 19.17%
- 10Y*
- —
DOGE-USD
- 1D
- -0.58%
- 1M
- -17.75%
- 6M
- -47.05%
- YTD
- -38.37%
- 1Y
- -63.62%
- 3Y*
- 1.79%
- 5Y*
- -18.22%
- 10Y*
- —
SOL-USD vs. DOGE-USD - Yearly Performance Comparison
Correlation
The correlation between SOL-USD and DOGE-USD is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.83 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.71 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.67 |
Correlation (All Time) Calculated using the full available price history since Apr 10, 2020 | 0.56 |
Over the past year, SOL-USD and DOGE-USD have become more correlated (0.83) than their long-term average of 0.56, meaning their price movements have been converging.
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Return for Risk
SOL-USD vs. DOGE-USD — Risk / Return Rank
SOL-USD
DOGE-USD
SOL-USD vs. DOGE-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Solana (SOL-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.
| SOL-USD | DOGE-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.08 | ||
| Sortino ratioReturn per unit of downside risk | +0.32 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 0.88 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | -0.71 | -0.85 | +0.14 |
| Martin ratioReturn relative to average drawdown | -1.05 | -1.19 | +0.14 |
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Drawdowns
SOL-USD vs. DOGE-USD - Drawdown Comparison
The maximum SOL-USD drawdown since its inception was -96.27%, roughly equal to the maximum DOGE-USD drawdown of -92.29%. Use the drawdown chart below to compare losses from any high point for SOL-USD and DOGE-USD.
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Drawdown Indicators
| SOL-USD | DOGE-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.27% | -92.29% | -3.98% |
Max Drawdown (1Y)Largest decline over 1 year | -74.89% | -75.14% | +0.25% |
Max Drawdown (3Y)Largest decline over 3 years | -76.28% | -84.59% | +8.31% |
Max Drawdown (5Y)Largest decline over 5 years | -96.27% | -84.59% | -11.68% |
Current DrawdownCurrent decline from peak | -71.24% | -89.45% | +18.21% |
Average DrawdownAverage peak-to-trough decline | -51.69% | -75.25% | +23.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 42.68% | 41.70% | +0.98% |
Volatility
SOL-USD vs. DOGE-USD - Volatility Comparison
Solana (SOL-USD) has a higher volatility of 15.11% compared to Dogecoin (DOGE-USD) at 10.24%. This indicates that SOL-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
| SOL-USD | DOGE-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.11% | 10.24% | +4.87% |
Volatility (6M)Calculated over the trailing 6-month period | 47.74% | 45.71% | +2.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 59.43% | 64.01% | -4.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 81.36% | 76.82% | +4.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 99.29% | 756.91% | -657.62% |
Frequently Asked Questions
SOL-USD and DOGE-USD have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SOL-USD has higher volatility (15.11%) compared to DOGE-USD (10.24%). In terms of maximum drawdown, SOL-USD dropped -96.27% vs DOGE-USD's -92.29%.
SOL-USD currently has the higher Sharpe Ratio (-0.74 vs -0.83), 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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