XTZ-USD vs. DOGE-USD
XTZ-USD (Tezos) and DOGE-USD (Dogecoin) are both cryptocurrencies. Over the past 5 years, XTZ-USD returned -42.30%/yr vs -25.94%/yr for DOGE-USD. A 0.56 correlation means they provide meaningful diversification when combined.
Performance
XTZ-USD vs. DOGE-USD - Performance Comparison
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Returns By Period
In the year-to-date period, XTZ-USD achieves a -50.33% return, which is significantly lower than DOGE-USD's -29.36% return.
XTZ-USD
- 1D
- -12.08%
- 1M
- -35.90%
- YTD
- -50.33%
- 6M
- -48.66%
- 1Y
- -54.64%
- 3Y*
- -34.67%
- 5Y*
- -42.30%
- 10Y*
- —
DOGE-USD
- 1D
- -6.38%
- 1M
- -26.34%
- YTD
- -29.36%
- 6M
- -40.66%
- 1Y
- -51.61%
- 3Y*
- 5.63%
- 5Y*
- -25.94%
- 10Y*
- —
XTZ-USD vs. DOGE-USD - Yearly Performance Comparison
Correlation
The correlation between XTZ-USD and DOGE-USD is 0.77, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.77 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.73 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since Jul 3, 2017 | 0.56 |
Over the past year, XTZ-USD and DOGE-USD have become more correlated (0.77) than their long-term average of 0.56, meaning their price movements have been converging.
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Return for Risk
XTZ-USD vs. DOGE-USD — Risk / Return Rank
XTZ-USD
DOGE-USD
XTZ-USD vs. DOGE-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tezos (XTZ-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.
| XTZ-USD | DOGE-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.01 | ||
| Sortino ratioReturn per unit of downside risk | -0.11 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 0.93 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | -0.71 | -0.72 | +0.01 |
| Martin ratioReturn relative to average drawdown | -1.11 | -1.07 | -0.03 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| XTZ-USD | DOGE-USD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.64 | -0.65 | +0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.45 | -0.27 | -0.18 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.10 | 0.12 | -0.23 |
Drawdowns
XTZ-USD vs. DOGE-USD - Drawdown Comparison
The maximum XTZ-USD drawdown since its inception was -97.68%, which is greater than DOGE-USD's maximum drawdown of -92.29%. Use the drawdown chart below to compare losses from any high point for XTZ-USD and DOGE-USD.
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Drawdown Indicators
| XTZ-USD | DOGE-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.68% | -92.29% | -5.39% |
Max Drawdown (1Y)Largest decline over 1 year | -77.13% | -71.39% | -5.74% |
Max Drawdown (3Y)Largest decline over 3 years | -86.31% | -82.26% | -4.05% |
Max Drawdown (5Y)Largest decline over 5 years | -97.18% | -84.63% | -12.55% |
Current DrawdownCurrent decline from peak | -97.68% | -87.91% | -9.77% |
Average DrawdownAverage peak-to-trough decline | -79.36% | -75.12% | -4.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 38.46% | 53.35% | -14.89% |
Volatility
XTZ-USD vs. DOGE-USD - Volatility Comparison
Tezos (XTZ-USD) has a higher volatility of 21.55% compared to Dogecoin (DOGE-USD) at 14.30%. This indicates that XTZ-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
| XTZ-USD | DOGE-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 21.55% | 14.30% | +7.25% |
Volatility (6M)Calculated over the trailing 6-month period | 49.28% | 48.56% | +0.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 71.47% | 66.23% | +5.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 78.00% | 79.04% | -1.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 103.11% | 761.37% | -658.26% |
Frequently Asked Questions
XTZ-USD and DOGE-USD have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
XTZ-USD has higher volatility (21.55%) compared to DOGE-USD (14.30%). In terms of maximum drawdown, XTZ-USD dropped -97.68% vs DOGE-USD's -92.29%.
XTZ-USD currently has the higher Sharpe Ratio (-0.64 vs -0.65), 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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