Arweave (AR) is 10.2× the size of ao Computer (AO) by market capitalisation. Over the past 1 year, AR is ahead by 17.1 percentage points (AO -33.9% against AR -16.8%). Their daily returns move loosely together (correlation 0.52 across 365 shared trading days). Both have run at a similar volatility, around 121% annualised.
AOAR
0.52over 365 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 | AO | AR |
|---|---|---|
| Max drawdown (400d) | -83.2% | -80.7% |
| Risk-adjusted return (90d) | 0.88 | 0.58 |
| Best 30 days (past year) | — | +124.8% |
| Worst 30 days (past year) | — | -53.3% |
Relative strength over 90 days: AO outperformed AR by 16.5% — measured on the AO/AR ratio, so it holds regardless of market direction.