Aave (AAVE) is 17.4× the size of 1INCH (1INCH) by market capitalisation. Over the past 1 year, AAVE is ahead by 10.0 percentage points (1INCH -46.3% against AAVE -36.3%). Their daily returns move closely together (correlation 0.67 across 399 shared trading days). Both have run at a similar volatility, around 82% annualised.
1INCHAAVE
0.67over 399 shared trading days
Measured on daily returns rather than on prices. Two assets that both simply trend upward score near 1.0 on raw prices whether or not they move together, so returns are what answer the question people mean by correlation.
| Metric | 1INCH | AAVE |
|---|---|---|
| Max drawdown (400d) | -75.6% | -79.5% |
| Risk-adjusted return (90d) | -0.04 | 0.46 |
| Best 30 days (past year) | +30.1% | +56.3% |
| Worst 30 days (past year) | -44.9% | -42.7% |
Relative strength over 90 days: AAVE outperformed 1INCH by 30.7% — measured on the 1INCH/AAVE ratio, so it holds regardless of market direction.