Alaya AI (AGT) and Aave (AAVE) compared side by side. Over the past 1 year, AGT is ahead by 752.9 percentage points (AGT +716.5% against AAVE -36.3%). Their daily returns move barely in opposite directions (correlation -0.04 across 370 shared trading days). AGT has been the more volatile of the two, at 410% annualised against AAVE's 87%.
AGTAAVE
-0.04over 370 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 | AGT | AAVE |
|---|---|---|
| Max drawdown (400d) | -65.0% | -79.5% |
| Risk-adjusted return (90d) | 0.43 | 0.46 |
| Best 30 days (past year) | +433.0% | +56.3% |
| Worst 30 days (past year) | -58.8% | -42.7% |
Relative strength over 90 days: AGT outperformed AAVE by 179.9% — measured on the AGT/AAVE ratio, so it holds regardless of market direction.