Aethir (ATH) is 2.2× the size of Acurast (ACU) by market capitalisation. Over the past 30 days, ATH is ahead by 13.1 percentage points (ACU -4.5% against ATH +8.6%). Their daily returns move loosely together (correlation 0.43 across 52 shared trading days). Both have run at a similar volatility, around 146% annualised.
ACUATH
0.43over 52 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 | ACU | ATH |
|---|---|---|
| Max drawdown (400d) | -33.7% | -22.7% |
| Risk-adjusted return (90d) | 0.01 | 0.22 |
Relative strength over 90 days: ATH outperformed ACU by 17.0% — measured on the ACU/ATH ratio, so it holds regardless of market direction.