Correlation
The correlation between XRP-USD and DOGE-USD is 0.16, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
XRP-USD vs. DOGE-USD
Compare and contrast key facts about Ripple (XRP-USD) and Dogecoin (DOGE-USD).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: XRP-USD or DOGE-USD.
Performance
XRP-USD vs. DOGE-USD - Performance Comparison
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Key characteristics
XRP-USD:
3.33
DOGE-USD:
0.24
XRP-USD:
4.27
DOGE-USD:
2.14
XRP-USD:
1.47
DOGE-USD:
1.22
XRP-USD:
5.10
DOGE-USD:
0.86
XRP-USD:
25.05
DOGE-USD:
3.23
XRP-USD:
23.15%
DOGE-USD:
41.92%
XRP-USD:
81.72%
DOGE-USD:
82.68%
XRP-USD:
-95.87%
DOGE-USD:
-95.27%
XRP-USD:
-34.94%
DOGE-USD:
-71.47%
Returns By Period
In the year-to-date period, XRP-USD achieves a 5.65% return, which is significantly higher than DOGE-USD's -38.11% return. Over the past 10 years, XRP-USD has underperformed DOGE-USD with an annualized return of 75.44%, while DOGE-USD has yielded a comparatively higher 104.46% annualized return.
XRP-USD
5.65%
0.43%
-19.02%
328.01%
77.84%
60.92%
75.44%
DOGE-USD
-38.11%
11.17%
-53.99%
24.29%
34.42%
137.56%
104.46%
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Risk-Adjusted Performance
XRP-USD vs. DOGE-USD — Risk-Adjusted Performance Rank
XRP-USD
DOGE-USD
XRP-USD vs. DOGE-USD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Ripple (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.
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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 -95.27%. Use the drawdown chart below to compare losses from any high point for XRP-USD and DOGE-USD.
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Volatility
XRP-USD vs. DOGE-USD - Volatility Comparison
The current volatility for Ripple (XRP-USD) is 18.52%, while Dogecoin (DOGE-USD) has a volatility of 32.73%. 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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