Franco Stanco (FST) and Aero (AERO) compared side by side. Their daily returns move barely together (correlation 0.31 across 28 shared trading days). AERO has been the more volatile of the two, at 100% annualised against FST's 66%.
FSTAERO
0.31over 28 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 | FST | AERO |
|---|---|---|
| Max drawdown (400d) | -21.2% | -42.3% |
| Risk-adjusted return (90d) | -0.13 | 0.30 |
Relative strength over 90 days: FST outperformed AERO by 28.1% — measured on the FST/AERO ratio, so it holds regardless of market direction.