Adding Dogecoin resulted in a slight increase in volatility but substantially boosted cumulative returns to 40.89%. The Sharpe ratio, measuring risk-adjusted returns, saw enhancements across simulations. 21Shares emphasized Dogecoin's historic outsized returns and low correlation with mainstream assets as factors aiding portfolio diversification. This combination suggests ongoing financial benefits for incorporating DOGE.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.See T&Cs.