Internet Computer (ICP) is 737.7× the size of Aeternity (AE) by market capitalisation. Over the past 1 year, AE is ahead by 79.6 percentage points (AE +43.1% against ICP -36.5%). Their daily returns move barely together (correlation 0.10 across 363 shared trading days). AE has been the more volatile of the two, at 127% annualised against ICP's 108%.
AEICP
0.10over 363 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 | AE | ICP |
|---|---|---|
| Max drawdown (400d) | -68.4% | -77.4% |
| Risk-adjusted return (90d) | 0.18 | 0.25 |
| Best 30 days (past year) | — | +49.6% |
| Worst 30 days (past year) | — | -62.1% |
Relative strength over 90 days: ICP outperformed AE by 14.2% — measured on the AE/ICP ratio, so it holds regardless of market direction.