XRP-USD vs. DOGE-USD
XRP-USD (XRP) and DOGE-USD (Dogecoin) are both cryptocurrencies. Over the past 5 years, XRP-USD returned 11.48%/yr vs -18.22%/yr for DOGE-USD. A 0.64 correlation means they provide meaningful diversification when combined.
Performance
XRP-USD vs. DOGE-USD - Performance Comparison
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Returns By Period
In the year-to-date period, XRP-USD achieves a -41.91% return, which is significantly lower than DOGE-USD's -38.37% return.
XRP-USD
- 1D
- -1.58%
- 1M
- -7.14%
- 6M
- -47.94%
- YTD
- -41.91%
- 1Y
- -62.35%
- 3Y*
- 14.13%
- 5Y*
- 11.48%
- 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*
- —
XRP-USD vs. DOGE-USD - Yearly Performance Comparison
Correlation
The correlation between XRP-USD and DOGE-USD is 0.84, 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 | 0.84 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.70 |
Correlation (5Y) Calculated over the trailing 5-year 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 (0.84) 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 | -0.11 | ||
| Sortino ratioReturn per unit of downside risk | -0.32 | ||
| Omega ratioGain probability vs. loss probability | 0.84 | 0.88 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | -0.88 | -0.85 | -0.03 |
| Martin ratioReturn relative to average drawdown | -1.29 | -1.19 | -0.10 |
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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 | -70.77% | -75.14% | +4.37% |
Max Drawdown (3Y)Largest decline over 3 years | -70.77% | -84.59% | +13.82% |
Max Drawdown (5Y)Largest decline over 5 years | -77.83% | -84.59% | +6.76% |
Current DrawdownCurrent decline from peak | -69.93% | -89.45% | +19.52% |
Average DrawdownAverage peak-to-trough decline | -70.97% | -75.25% | +4.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 40.18% | 41.70% | -1.52% |
Volatility
XRP-USD vs. DOGE-USD - Volatility Comparison
XRP (XRP-USD) has a higher volatility of 11.79% compared to Dogecoin (DOGE-USD) at 10.24%. This indicates that XRP-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
| XRP-USD | DOGE-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.79% | 10.24% | +1.55% |
Volatility (6M)Calculated over the trailing 6-month period | 43.96% | 45.71% | -1.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 55.41% | 64.01% | -8.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 71.25% | 76.82% | -5.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 111.33% | 756.91% | -645.58% |
Frequently Asked Questions
XRP-USD and DOGE-USD have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
XRP-USD has higher volatility (11.79%) compared to DOGE-USD (10.24%). In terms of maximum drawdown, XRP-USD dropped -95.87% vs DOGE-USD's -92.29%.
DOGE-USD currently has the higher Sharpe Ratio (-0.83 vs -0.94), 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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