Aerodrome Finance (AERO) is 124.1× the size of Aura Finance (AURA) by market capitalisation. Their daily returns move barely together (correlation 0.02 across 35 shared trading days). AURA has been the more volatile of the two, at 136% annualised against AERO's 101%.
AURAAERO
0.02over 35 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 | AURA | AERO |
|---|---|---|
| Max drawdown (400d) | -13.0% | -36.4% |
| Risk-adjusted return (90d) | 0.40 | 0.44 |
Relative strength over 90 days: AURA outperformed AERO by 105.1% — measured on the AURA/AERO ratio, so it holds regardless of market direction.