Checkmate vs Aerodrome Finance

Aerodrome Finance (AERO) is 72.6× the size of Checkmate (CHECK) by market capitalisation. Over the past 90 days, AERO is ahead by 116.8 percentage points (CHECK -69.5% against AERO +47.3%). Their daily returns move barely together (correlation 0.22 across 83 shared trading days). CHECK has been the more volatile of the two, at 203% annualised against AERO's 101%.

Correlation: 0.22
Size ratio: 1 : 72.6
Ahead over 90 days: AERO

CheckmateCHECK

$0.008851

24h: -0.24%
Market cap: $3.18M
Volume 24h: $151,909
Volatility (ann.): 203%

Aerodrome FinanceAERO

$0.641700

24h: +1.57%
Market cap: $230.97M
Volume 24h: $30.98M
Volatility (ann.): 101%

CHECK 1.4%Share of the two combined market caps98.6% AERO

Performance

CHECKAERO

7 days-1.67%-10.61%CHECK
30 days-32.93%-28.90%AERO
90 days-69.48%+47.30%AERO

Correlation

0.22over 83 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.4990d: 0.221y: 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	CHECK	AERO
Max drawdown (400d)	-86.4%	-36.4%
Risk-adjusted return (90d)	-0.68	0.44

Relative strength over 90 days: AERO outperformed CHECK by 77.3% — measured on the CHECK/AERO ratio, so it holds regardless of market direction.

Checkmate →Aerodrome Finance →