Luna by Virtuals vs Aerodrome Finance

Aerodrome Finance (AERO) is 67.1× the size of Luna by Virtuals (LUNA) by market capitalisation. Their daily returns move closely together (correlation 0.69 across 40 shared trading days). LUNA has been the more volatile of the two, at 135% annualised against AERO's 101%.

Correlation: 0.69
Size ratio: 1 : 67.1

Luna by VirtualsLUNA

$0.003530

24h: +0.30%
Market cap: $3.53M
Volume 24h: $859
Volatility (ann.): 135%

Aerodrome FinanceAERO

$0.649100

24h: +6.27%
Market cap: $236.74M
Volume 24h: $35.87M
Volatility (ann.): 101%

LUNA 1.5%Share of the two combined market caps98.5% AERO

Performance

LUNAAERO

7 days-4.19%-10.61%LUNA
30 days-34.56%-28.90%AERO
90 days—+47.30%—

Correlation

0.69over 40 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.6990d: insufficient data1y: 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	LUNA	AERO
Max drawdown (400d)	-41.6%	-36.4%
Risk-adjusted return (90d)	-0.27	0.44

Relative strength over 90 days: AERO outperformed LUNA by 51.3% — measured on the LUNA/AERO ratio, so it holds regardless of market direction.

Luna by Virtuals →Aerodrome Finance →