Aave (AAVE) is 10136.3× the size of Be For FWX (B4FWX) by market capitalisation. Their daily returns move loosely in opposite directions (correlation -0.40 across 62 shared trading days). B4FWX has been the more volatile of the two, at 236% annualised against AAVE's 87%.
B4FWXAAVE
-0.40over 62 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 | B4FWX | AAVE |
|---|---|---|
| Max drawdown (400d) | -95.3% | -79.5% |
| Risk-adjusted return (90d) | -0.40 | 0.51 |
| Best 30 days (past year) | — | +56.3% |
| Worst 30 days (past year) | — | -42.7% |
Relative strength over 90 days: AAVE outperformed B4FWX by 87.8% — measured on the B4FWX/AAVE ratio, so it holds regardless of market direction.