Aster (ASTER) is 126.1× the size of JOE (JOE) by market capitalisation. Over the past 1 year, ASTER is ahead by 47.8 percentage points (JOE -71.2% against ASTER -23.5%). Their daily returns move loosely together (correlation 0.43 across 394 shared trading days). Both have run at a similar volatility, around 96% annualised.
JOEASTER
0.43over 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 | JOE | ASTER |
|---|---|---|
| Max drawdown (400d) | -86.4% | -77.3% |
| Risk-adjusted return (90d) | 0.17 | 0.31 |
| Best 30 days (past year) | +58.9% | +47.6% |
| Worst 30 days (past year) | -50.7% | -51.6% |
Relative strength over 90 days: ASTER outperformed JOE by 1.2% — measured on the JOE/ASTER ratio, so it holds regardless of market direction.