What was Dogecoin's compound annual growth rate (CAGR) since 2023?

Dogecoin's CAGR from 2023 to September 2026 was 8.2% per year. For comparison, the S&P 500 has historically averaged around 10% annually. However, this came with substantially higher volatility and drawdown risk.

How does Dogecoin compare to the S&P 500 since 2023?

The same $1,000 invested in an S&P 500 index fund in 2023 would be worth approximately $2,104.49 today. Dogecoin underperformed the S&P 500 by $760.92.

How much of the Dogecoin gain would you keep after taxes?

Sold today, the $343.57 gain would be a long-term capital gain for US federal tax. At the 15% rate most people pay, you'd keep about $1,292.04. At the top rate of 23.8% (20% plus the 3.8% net investment income tax) you'd keep about $1,261.80, and lower incomes pay 0%. State tax is extra, and gains inside a Roth IRA aren't taxed.

What is the inflation-adjusted return on $1,000 in Dogecoin since 2023?

Adjusted for cumulative US inflation since 2023, the real purchasing-power value of the Dogecoin position is approximately $1,255.79 in 2023 dollars. Inflation shrinks the gain, but the investment still grew faster than prices.

How did Dogecoin perform in 2023?

Dogecoin rose 30% during 2023, from $0.07 at the start of the year to $0.091 at the start of 2024.

What If You Invested $1,000 in Dogecoin in 2023?

Try your own numbers

If I had putintoat the start of…

it would be worth today

$1,344

+$343.57 profit1.34x8.2% a year

The same $1,000 in an S&P 500 index fund: $2,104

Aftertax on the gain, you’d keep$1,292

US federal long-term rates: 15% for most people, 0% on lower incomes, 20% + 3.8% on high incomes. No state tax included; none inside a Roth IRA.

Compare with

Growth Over Time

Performance Metrics

Total Invested

$1,000.00

Current Value

$1,343.57

Total Profit

$343.57

Multiplier

1.34x

CAGR

8.2%

Max Drawdown

-83.5%

Inflation-Adjusted

$1,255.79

Benchmark Comparison

How does $1,000.00 invested in 2023 compare across different asset classes?

Asset	Value Today	Return
Dogecoin	$1,343.57	1.34x
S&P 500	$2,104.49	2.10x
Gold	$2,303.29	2.30x
Savings (2% APY)	$1,076.98	1.08x

Back in 2023

In April 2023, Twitter replaced its blue bird logo with the Shiba Inu "Doge" image associated with Dogecoin. theverge.com
In 2023, a gallon of gas averaged $3.52 and the new iPhone 15 Pro started at $999. eia.gov apple.com
During 2023 itself, Dogecoin rose 30%, #59 of the 113 investments we track. The best was Solana (+913%); the worst was AMC Entertainment (−84%). Full 2023 results →

$1,000 in Dogecoin, year by year

Of the 113 investments we track that were available at the start of 2023, Dogecoin ranks #83 by growth to today — just behind GameStop and ahead of Zoom. See the full 2023 ranking →

Dogecoin started 2023 59% below its start-of-2022 high, after falling 59% in 2022. It has been worth more than the $1,000 put in at every January since, and still is today. Its best January was 2025, at $4,500. Today it's 70% below that, so selling then would have beaten holding. It rose in 2 of the 3 full years since. It fell behind the same $1,000 in the S&P 500 at the start of 2026 and hasn't caught up. Month by month, the deepest fall ran from Nov 2024 ($6,055) to Jul 2026 ($997.49), a drop of 84%. At its lowest month-end, in Sep 2023, it was worth $891.62.

When	Worth	Change	S&P 500
Start of 2023	$1,000	—	$1,000
Start of 2024	$1,300	+30%	$1,263
Start of 2025	$4,500	+246%	$1,579
Start of 2026	$1,676	−63%	$1,861
Today	$1,344	−20%	$2,104

Values at the start of each year (first trading day for stocks). The S&P 500 column includes reinvested dividends, like the stock values.

Historical Context

At the start of 2023, Dogecoin was priced at $0.07. $1,000 would have bought about 14,286 DOGE. Dogecoin started in December 2013 as a joke based on the "Doge" meme and grew into one of the most widely held cryptocurrencies.

Measured from one January to the next, Dogecoin's best year since then was 2024 (+246%) and its worst was 2025 (−63%). Holding on wasn't easy: between the start of 2025 and the start of 2026, the position fell 63% from its high.

Frequently Asked Questions

A $1,000 investment in Dogecoin at the start of 2023 would be worth approximately $1,343.57 today — a 1.34x return ($343.57 profit) over 3.7 years.

Methodology & Sources

Price data: Historical prices are the January 1 opening price, from CoinGecko, CoinMarketCap and Yahoo Finance historical data. Current prices come from Yahoo Finance (CoinGecko as a backup) and refresh hourly; if that source is unavailable, the last saved price is used.

Calculation: Assumes a single purchase at the start of 2023 (or the first trading day, for companies that listed that year), held until today. No transaction fees, taxes, or slippage are included.

Benchmarks: The S&P 500 comparison uses the S&P 500 Total Return index (dividends reinvested, like an index fund) at the start of2023 and today. Gold uses the price per troy ounce. Savings account assumes a 2% APY compounded annually.

Inflation adjustment: Uses U.S. CPI-U annual averages from the Bureau of Labor Statistics. The 2026 CPI value is estimated.

Educational purposes only. Past performance does not guarantee future results. Not financial advice.