Aster (ASTER) is 74.8× the size of DODO (DODO) by market capitalisation. Over the past 1 year, DODO is ahead by 9.1 percentage points (DODO -14.3% against ASTER -23.5%). Their daily returns move barely together (correlation 0.28 across 394 shared trading days). DODO has been the more volatile of the two, at 120% annualised against ASTER's 90%.
DODOASTER
0.28over 394 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 | DODO | ASTER |
|---|---|---|
| Max drawdown (400d) | -72.5% | -77.3% |
| Risk-adjusted return (90d) | -0.18 | 0.31 |
| Best 30 days (past year) | +63.9% | +47.6% |
| Worst 30 days (past year) | -34.9% | -51.6% |
Relative strength over 90 days: ASTER outperformed DODO by 28.6% — measured on the DODO/ASTER ratio, so it holds regardless of market direction.