Infrared Finance vs Aerodrome Finance

Aerodrome Finance (AERO) is 432.1× the size of Infrared Finance (IR) by market capitalisation. Over the past 90 days, AERO is ahead by 103.4 percentage points (IR -56.1% against AERO +47.3%). Their daily returns move barely together (correlation 0.00 across 75 shared trading days). IR has been the more volatile of the two, at 133% annualised against AERO's 101%.

Correlation: 0.00
Size ratio: 1 : 432.1
Ahead over 90 days: AERO

Infrared FinanceIR

$0.002558

24h: -1.66%
Market cap: $524,308
Volume 24h: $177,708
Volatility (ann.): 133%

Aerodrome FinanceAERO

$0.621600

24h: +1.68%
Market cap: $226.54M
Volume 24h: $30.82M
Volatility (ann.): 101%

IR 0.2%Share of the two combined market caps99.8% AERO

Performance

IRAERO

7 days-2.46%-10.61%IR
30 days-13.11%-28.90%IR
90 days-56.09%+47.30%AERO

Correlation

0.00over 75 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0290d: 0.001y: insufficient data

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	IR	AERO
Max drawdown (400d)	-97.8%	-36.4%
Risk-adjusted return (90d)	-0.67	0.44

Relative strength over 90 days: AERO outperformed IR by 68.8% — measured on the IR/AERO ratio, so it holds regardless of market direction.

Infrared Finance →Aerodrome Finance →