Baseline vs Aerodrome Finance

Aerodrome Finance (AERO) is 6.1× the size of Baseline (B) by market capitalisation. Their daily returns move loosely together (correlation 0.35 across 40 shared trading days). AERO has been the more volatile of the two, at 101% annualised against B's 30%.

Correlation: 0.35
Size ratio: 1 : 6.1

BaselineB

$2.9800

24h: +3.93%
Market cap: $37.50M
Volume 24h: $1
Volatility (ann.): 30%

Aerodrome FinanceAERO

$0.620400

24h: +1.72%
Market cap: $227.68M
Volume 24h: $30.64M
Volatility (ann.): 101%

B 14.1%Share of the two combined market caps85.9% AERO

Performance

BAERO

7 days-2.04%-10.61%B
30 days-15.04%-28.90%B
90 days—+47.30%—

Correlation

0.35over 40 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.3890d: insufficient data1y: 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	B	AERO
Max drawdown (400d)	-18.4%	-36.4%
Risk-adjusted return (90d)	-0.49	0.44

Relative strength over 90 days: B outperformed AERO by 15.6% — measured on the B/AERO ratio, so it holds regardless of market direction.

Baseline →Aerodrome Finance →