Aerodrome Finance (AERO) is 18.2× the size of DEFI.ssi (DEFI.SSI) by market capitalisation. Their daily returns move loosely together (correlation 0.52 across 40 shared trading days). AERO has been the more volatile of the two, at 101% annualised against DEFI.SSI's 82%.
DEFI.SSIAERO
0.52over 40 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 | DEFI.SSI | AERO |
|---|---|---|
| Max drawdown (400d) | -19.5% | -36.4% |
| Risk-adjusted return (90d) | 0.07 | 0.44 |
Relative strength over 90 days: AERO outperformed DEFI.SSI by 17.0% — measured on the DEFI.SSI/AERO ratio, so it holds regardless of market direction.