Kyela Inbox (KYELA) and Aero (AERO) compared side by side. Their daily returns move barely together (correlation 0.03 across 26 shared trading days). KYELA has been the more volatile of the two, at 1106% annualised against AERO's 101%.
KYELAAERO
0.03over 26 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 | KYELA | AERO |
|---|---|---|
| Max drawdown (400d) | -88.4% | -54.2% |
| Risk-adjusted return (90d) | -0.06 | 0.06 |
Relative strength over 90 days: AERO outperformed KYELA by 56.5% — measured on the KYELA/AERO ratio, so it holds regardless of market direction.