21Shares Finds Dogecoin Boosts Portfolio Returns Significantly

A new study by 21Shares, a prominent crypto asset manager, reveals that adding Dogecoin to a portfolio of traditional assets can significantly boost returns and enhance diversification. The research analyzed a Bitcoin-based portfolio with an addition of just 1% Dogecoin, resulting in noticeable increases in both cumulative return and annualized return. The Sharpe ratio – a measure of risk-adjusted return – also saw a positive impact. The study emphasizes that Dogecoin’s low correlation with other assets helps to balance out potential risks, benefiting investors in the long run.