SOL-USD vs. DOGE-USD
SOL-USD (Solana) and DOGE-USD (Dogecoin) are both cryptocurrencies. Over the past 5 years, SOL-USD returned 17.52%/yr vs -21.43%/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
In the year-to-date period, SOL-USD achieves a -43.82% return, which is significantly lower than DOGE-USD's -32.58% return.
SOL-USD
- 1D
- -2.73%
- 1M
- -17.91%
- YTD
- -43.82%
- 6M
- -43.58%
- 1Y
- -51.64%
- 3Y*
- 61.34%
- 5Y*
- 17.52%
- 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*
- —
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 | -0.06 | ||
| Sortino ratioReturn per unit of downside risk | -0.14 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 0.93 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | -0.69 | -0.71 | +0.02 |
| Martin ratioReturn relative to average drawdown | -1.08 | -1.03 | -0.05 |
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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% | -72.70% | -2.19% |
Max Drawdown (3Y)Largest decline over 3 years | -76.28% | -83.07% | +6.79% |
Max Drawdown (5Y)Largest decline over 5 years | -96.27% | -84.48% | -11.79% |
Current DrawdownCurrent decline from peak | -73.31% | -88.46% | +15.15% |
Average DrawdownAverage peak-to-trough decline | -51.52% | -75.16% | +23.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 48.23% | 44.53% | +3.70% |
Volatility
SOL-USD vs. DOGE-USD - Volatility Comparison
Solana (SOL-USD) has a higher volatility of 19.00% compared to Dogecoin (DOGE-USD) at 15.17%. 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 | 19.00% | 15.17% | +3.83% |
Volatility (6M)Calculated over the trailing 6-month period | 47.01% | 47.92% | -0.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 60.02% | 65.45% | -5.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 81.64% | 77.25% | +4.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 99.65% | 759.19% | -659.54% |
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 (19.00%) compared to DOGE-USD (15.17%). In terms of maximum drawdown, SOL-USD dropped -96.27% vs DOGE-USD's -92.29%.
DOGE-USD currently has the higher Sharpe Ratio (-0.66 vs -0.72), 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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