Aave (AAVE) is 397.9× the size of Hatom (HTM) by market capitalisation. Over the past 1 year, HTM is ahead by 17.0 percentage points (HTM -19.4% against AAVE -36.3%). Their daily returns move loosely together (correlation 0.42 across 373 shared trading days). HTM has been the more volatile of the two, at 103% annualised against AAVE's 87%.
HTMAAVE
0.42over 373 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 | HTM | AAVE |
|---|---|---|
| Max drawdown (400d) | -81.7% | -79.5% |
| Risk-adjusted return (90d) | 2.25 | 0.46 |
| Best 30 days (past year) | +109.6% | +56.3% |
| Worst 30 days (past year) | -44.2% | -42.7% |
Relative strength over 90 days: HTM outperformed AAVE by 156.0% — measured on the HTM/AAVE ratio, so it holds regardless of market direction.