Crypto Asset Governance Alliance vs Aave

Aave (AAVE) is 1499.8× the size of Crypto Asset Governance Alliance (CAGA) by market capitalisation. Over the past 1 year, CAGA is ahead by 13.1 percentage points (CAGA -23.3% against AAVE -36.3%). Their daily returns move barely in opposite directions (correlation -0.08 across 373 shared trading days). AAVE has been the more volatile of the two, at 87% annualised against CAGA's 30%.

Correlation: -0.08
Size ratio: 1 : 1499.8
Ahead over 1 year: CAGA

Crypto Asset Governance AllianceCAGA

$2.099e-5

24h: -0.03%
Market cap: $1.34M
Volume 24h: $622
Volatility (ann.): 30%

AaveAAVE

$131.1400

24h: +0.77%
Market cap: $2.02B
Volume 24h: $256.99M
Volatility (ann.): 87%

CAGA 0.1%Share of the two combined market caps99.9% AAVE

Performance

CAGAAAVE

7 days-0.14%-5.02%CAGA
30 days+1.20%-29.06%CAGA
90 days-16.44%+41.47%AAVE
1 year-23.28%-36.35%CAGA

Correlation

-0.08over 373 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0590d: -0.061y: -0.08

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	CAGA	AAVE
Max drawdown (400d)	-27.0%	-79.5%
Risk-adjusted return (90d)	-0.54	0.46
Best 30 days (past year)	+9.4%	+56.3%
Worst 30 days (past year)	-19.6%	-42.7%

Relative strength over 90 days: AAVE outperformed CAGA by 37.0% — measured on the CAGA/AAVE ratio, so it holds regardless of market direction.

Crypto Asset Governance Alliance →Aave →