XRP-USD vs. DOGE-USD
XRP-USD (XRP) and DOGE-USD (Dogecoin) are both cryptocurrencies. Over the past 5 years, XRP-USD returned 8.66%/yr vs -18.60%/yr for DOGE-USD. Their 0.64 correlation means they have sometimes moved together and sometimes differently.
Performance
XRP-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 XRP-USD having a -41.30% return and DOGE-USD slightly higher at -40.20%.
XRP-USD
- 1D
- 1.87%
- 1M
- -4.80%
- 6M
- -32.08%
- YTD
- -41.30%
- 1Y
- -61.01%
- 3Y*
- 17.67%
- 5Y*
- 8.66%
- 10Y*
- —
- ALL TIME*
- 71.95%
DOGE-USD
- 1D
- 1.48%
- 1M
- -9.50%
- 6M
- -32.69%
- YTD
- -40.20%
- 1Y
- -63.29%
- 3Y*
- -1.58%
- 5Y*
- -18.60%
- 10Y*
- —
- ALL TIME*
- 104.30%
Liquidity Comparison
XRP-USD vs. DOGE-USD - Yearly Performance Comparison
Correlation
The correlation between XRP-USD and DOGE-USD is 0.85, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.85 |
Correlation (3Y) Balances recent behavior with more history. | 0.72 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.70 |
Correlation (All Time) Calculated using the full available price history since May 31, 2017 | 0.64 |
Over the past year, XRP-USD and DOGE-USD have become more correlated (0.85) than their long-term average of 0.64, meaning their price movements have been converging.
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Return for Risk
XRP-USD vs. DOGE-USD — Risk / Return Rank
XRP-USD
DOGE-USD
XRP-USD vs. DOGE-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for XRP (XRP-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.
| XRP-USD | DOGE-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.10 | ||
| Sortino ratioReturn per unit of downside risk | -0.26 | ||
| Omega ratioGain probability vs. loss probability | 0.84 | 0.87 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | -0.89 | -0.83 | -0.06 |
| Martin ratioReturn relative to average drawdown | -1.27 | -1.14 | -0.14 |
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Drawdowns
XRP-USD vs. DOGE-USD - Drawdown Comparison
The maximum XRP-USD drawdown since its inception was -95.87%, roughly equal to the maximum DOGE-USD drawdown of -92.29%. Use the drawdown chart below to compare losses from any high point for XRP-USD and DOGE-USD.
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Drawdown Indicators
| XRP-USD | DOGE-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.87% | -92.29% | -3.58% |
Max Drawdown (1Y)Largest decline over 1 year | -68.73% | -76.14% | +7.41% |
Max Drawdown (3Y)Largest decline over 3 years | -70.77% | -85.20% | +14.43% |
Max Drawdown (5Y)Largest decline over 5 years | -77.83% | -85.20% | +7.37% |
Current DrawdownCurrent decline from peak | -69.61% | -89.76% | +20.15% |
Average DrawdownAverage peak-to-trough decline | -70.96% | -75.33% | +4.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 39.01% | 36.32% | +2.69% |
Volatility
XRP-USD vs. DOGE-USD - Volatility Comparison
The current volatility for XRP (XRP-USD) is 9.95%, while Dogecoin (DOGE-USD) has a volatility of 10.64%. This indicates that XRP-USD experiences smaller price fluctuations and is considered to be less risky 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
| XRP-USD | DOGE-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.95% | 10.64% | -0.69% |
Volatility (6M)Calculated over the trailing 6-month period | 42.62% | 43.06% | -0.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 53.22% | 61.55% | -8.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 70.99% | 76.57% | -5.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 111.04% | 754.65% | -643.61% |
Frequently Asked Questions
XRP-USD and DOGE-USD have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DOGE-USD has higher volatility (10.64%) compared to XRP-USD (9.95%). In terms of maximum drawdown, XRP-USD dropped -95.87% vs DOGE-USD's -92.29%.
DOGE-USD currently has the higher Sharpe Ratio (-0.86 vs -0.96), 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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