Litecoin (LTC) is 2238.0× the size of Aeternity (AE) by market capitalisation. Over the past 1 year, AE is ahead by 81.0 percentage points (AE +43.1% against LTC -37.9%). Their daily returns move barely together (correlation 0.16 across 363 shared trading days). AE has been the more volatile of the two, at 127% annualised against LTC's 62%.
AELTC
0.16over 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 | LTC |
|---|---|---|
| Max drawdown (400d) | -68.4% | -67.5% |
| Risk-adjusted return (90d) | 0.18 | 0.32 |
| Best 30 days (past year) | — | +45.4% |
| Worst 30 days (past year) | — | -39.5% |
Relative strength over 90 days: LTC outperformed AE by 22.4% — measured on the AE/LTC ratio, so it holds regardless of market direction.