Based vs Aerodrome Finance

Aerodrome Finance (AERO) is 20.1× the size of Based (BASED) by market capitalisation. Over the past 90 days, AERO is ahead by 147.3 percentage points (BASED -100.0% against AERO +47.3%). Their daily returns move loosely together (correlation 0.58 across 79 shared trading days). BASED has been the more volatile of the two, at 232% annualised against AERO's 101%.

Correlation: 0.58
Size ratio: 1 : 20.1
Ahead over 90 days: AERO

BasedBASED

$0.048652

24h: +3.30%
Market cap: $11.43M
Volume 24h: $5.18M
Volatility (ann.): 232%

Aerodrome FinanceAERO

$0.634000

24h: +1.84%
Market cap: $230.18M
Volume 24h: $30.94M
Volatility (ann.): 101%

BASED 4.7%Share of the two combined market caps95.3% AERO

Performance

BASEDAERO

7 days-100.00%-10.61%AERO
30 days-100.00%-28.90%AERO
90 days-100.00%+47.30%AERO

Correlation

0.58over 79 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.6890d: 0.581y: insufficient data

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.

Risk & extremes

Metric	BASED	AERO
Max drawdown (400d)	-100.0%	-36.4%
Risk-adjusted return (90d)	-0.44	0.44

Relative strength over 90 days: AERO outperformed BASED by 100.0% — measured on the BASED/AERO ratio, so it holds regardless of market direction.

Based →Aerodrome Finance →